For sale

Three-bedroom apartment at The Residence Villas, Downtown Dubai

The Residence Villas, Downtown Dubai, Dubai

AED 7,399,999

AED 2,166 per sq.ft

3 Bed

Bedrooms

Bathrooms

3,417

Sq.ft

Ready

Status

About this property

Beyond Bloom Real Estate LLC proudly presents a rare opportunity to own a spacious 3-bedroom apartment with a stunning terrace overlooking the iconic Burj Khalifa, right in the heart of Downtown Dubai.

The Residences Towers is an iconic and well-established cluster of towers located in the heart of downtown which is right opposite The Fountain and Dubai Mall. The apartment is on the podium level and boast a very secluded and peaceful entrance to this beautiful apartment.

Property details

Reference: BBRE-S-023
Type: Apartment
Purpose: For sale
Status: Ready
Bedrooms: 3 Bed
Bathrooms: 3
Built-up area: 3,417 sq.ft
Furnishing: Unfurnished

This advert is registered with the Dubai Land Department. Check its permit on Trakheesi, which opens the DLD’s own record for this listing.

Amenities

Balcony
Built in Wardrobes
Central A/C
Covered Parking
Maids Room
Pets Allowed
Shared Pool
Security
Shared Gym
Children's Play Area
Children's Pool
Lobby in Building

Comparable transactions

We say we price on evidence. This is the evidence.

The evidence behind this price

Not enough like-for-like evidence to quote a median

Nothing of this type and size has traded in this community in the last twelve months. Ask us and we will send the wider evidence we hold, including the units that did not make this cut and why.

Location

Burj Khalifa, Dubai Mall and the Opera District in one master community. Downtown attracts end-users who want to walk to work and investors chasing short-let occupancy. Boulevard-facing stock commands a premium; the Opera District trades tighter and holds value better on resale.

What would it cost to finance?

Residents can usually borrow up to 80% on a first property under AED 5m. Non-residents are capped nearer 50–60%, move the deposit slider to your real position before you plan around the monthly figure.

Mortgage estimate

AED 28,062 / month

Down payment30% · AED 2.2M

Interest rate4.25%

Term25 years

This would be a second or investment property

Above AED 5m the cap is 70% loan to value, so 30% is the least you can put down. Off-plan is capped at 50% whatever the price. The deposit has to be your own funds.

Loan amount: AED 5,179,999
Total interest: AED 3,238,609
Total repayable: AED 8,418,608

Costs of financing, on top of the purchase costs

Mortgage registration (0.25% of the loan + AED 290): AED 13,240
Bank arrangement (about 1% of the loan, usually capped): AED 10,500
Bank valuation: about AED 3,150
Add to your cash: AED 26,890

Will a bank lend it to you?

Monthly income, AEDExisting monthly repayments

Indicative only. Actual terms depend on the lender, your profile and current rates. Our mortgage desk can get you pre-approved before you negotiate.

Your consultant

Abdullah Hashmani

Client Manager

BRN 58550

Enquire about this property

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Transaction costs, roughly

DLD transfer (4% + admin): AED 296,600
Agency commission (2% + VAT): AED 155,400
Registration trustee fee: AED 4,200
Cash on top of the price, buying outright: AED 456,200

Indicative, and this total assumes you are not borrowing. A mortgage adds registration at 0.25% of the loan plus AED 290, a bank arrangement fee of about 1% of the loan, and a valuation of roughly AED 3,150. The mortgage estimate above totals those for you. Your 10% MOU deposit is held by the DLD-licensed registration trustee, not by us.

Yield

We hold no lettings of this type and size in this community, so any yield we printed would be borrowed from a different kind of unit. Ask us and we will go and pull the comparable lettings properly.