Emaar VIDA Residence Downtown Dubai
VIDA Residence is a complex of luxury serviced apartments in the prestigious area of Downtown Dubai by Emaar Properties.
The developer offers luxury apartments with 2-3 bedrooms located on 57 floors. Expansive windows bathe the living spaces in plenty of natural light, with subtle neutral colour palettes creating a warm ambience and tranquil setting. Sleek wood finishes and Art Deco inspired furnishings add a touch of 1920s New York flair to these trendy apartments.
Thanks to the panoramic windows, there will always be additional light in the rooms. The residents can enjoy stunning views of Dubai from the balconies. The layout of the apartments is ideal for large families.
Overlooking Burj Khalifa and The Dubai Fountain, year-long festivities light up your life at VIDA Residence Downtown Dubai. Within walking distance, The Dubai Mall and Souk Al Bahar promise a host of shopping and entertainment attractions, while Dubai Opera down the road takes care of your cultural needs.
VIDA Residence is located at the intersection of Sheikh Mohammed bin Rashid Boulevard and Emaar Boulevard. Three main Dubai highways, namely Sheikh Zayed Road, Financial Center Road, Al Khail Road, surround the residential community. Through this neighborhood, residents of the complex can quickly get to any point in the city.
Downtown Dubai can be truly named as the heart of Dubai. Restaurants, educational institutions, clinics, beauty salons are concentrated here.
At the beginning of 2020, about 5 000 residential properties were put up for sale on the Dubai real estate market. According to analysts, now the total number of residential properties for sale is 555,000.
The construction of such a large number of property units is explained by a high level of tourist flow during the Expo 2020 exhibition. At the same time, all infrastructure facilities near the exhibition venue were built for future use for many years.
Due to the postponement of the Expo 2020 and the decline in real estate prices in Dubai, investors could to make a profitable, long term investment of their funds. For example, the rental rate of a 1BR in VIDA Residence is AED 120,000. Thus, the short-term rent can bring up to ROI of 8.8%. Besides developers in Dubai, the growth in sales is noted by private developers who effectively use marketing and digital platforms.