Abu Dhabi Real Estate

Vida Downtown summary

Vida Downtown summary

Property Type Apartment
Available Bedrooms 1, 2, 3, 4Bedrooms
Price from AED 1,600,000
Launch Date May 2017
Possession From Jan 2020
Area Range 678 - 2249 Sqft
Location Downtown Dubai

About Vida Residences Dubai Mall

Vida Residences Dubai Mall is a new two-tower development by Emaar in Downtown Dubai, across from Dubai Mall. The project will feature 1, 2, 3, & 4 bedroom serviced and branded apartments, as well as a Vida Hotel. Tower 1 will feature the serviced apartments and hotel. Tower 2 will feature the branded residence. Investors in Tower 1 have the option to add the serviced apartments to the hotel pool.

Vida Residences Dubai Mall is located right along Sheikh Mohammed Bin Rashid Boulevard, on the plot next to Address Fountain Views and is connected to Dubai Mall through the Dubai Mall extension in Address Fountain Views. This is one of the last developments on the Sheikh Mohammed Bin Rashid Boulevard in Downtown Dubai and is possibly one of the most prime plots offering views of the Dubai Fountain & Burj Khalifa. Units will have views towards DIFC, Dubai Mall, Burj Khalifa, Dubai Fountain, the Boulevard, as well as towards Al Khail Road.

Similar to Vida Residences Dubai Marina, which was sold out within the first few days, high demand is expected for this project. The front-facing units, which offer views of the Fountain, Burj Khalifa, & the Boulevard will be in especially high demand.

Launch is on Wednesday, May 24, 2017.

  • Tower 1: 55 levels featuring the Vida hotel & serviced apartments (38 floors of serviced apartments, the remaining are part of the hotel). Investors of the serviced apartments in Tower 1 have the option to add them to the hotel pool.
  • Tower 2: 38 levels featuring Vida branded apartments
  • Both towers have a shared podium with one basement
  • The podium consists of the following:
  • Ground Floor featuring the hotel drop-off, lobby lounge, all-day dining, serviced apartments' lobby, branded apartments' lobby
  • Level 2 featuring two F&B outlets, two salons, a florist and a connection to Fountain Views & Dubai Mall
  • Level 7 featuring the amenities (pool deck, pool bar, gym, kid's club, yoga deck, events deck
  • Parking Basement level is for the Hotel, Mezzanine level is for the retail, and Levels 1-6 are for the apartments.

- Completion is expected in October 2021

 

Unit Sizes:

-       Serviced Apartments: 380 units on 38 floors

 

  • 1 Bedroom: 678 sq. ft. - 908.94 sq. ft.
  • 2 Bedroom: 1,068 sq. ft. - 1,223 sq. ft.
  • 3 Bedroom: 1,511 sq. ft. - 1,683 sq. ft.
  • 4 Bedroom: 2,249 sq. ft.

 

Payment Plan:

 

  • 5% down Payment
  • 10% Dec 2017
  • 5% Jun 2018
  • 10% Dec 2018
  • 10% Jun 2019 (Upon 20% Construction Completion)
  • 10% Dec 2019 (Upon 40% Construction Completion)
  • 10% Jun 2020 (Upon 60% Construction Completion)
  • 10% Dec 2020 (Upon 80% Construction Completion)
  •  30% Oct 2021 (Upon 100% Construction Completion)

 

Why to buy

-       Located opposite Dubai Mall

-       Direct access to Dubai Mall

-       Prime Fountain & Burj Khalifa Views

-       One of the last projects to be launched on Mohammed Bin Rashid Boulevard in Downtown

-       One of the most prime plots yet to be developed in Downtown Dubai.

 

 

 

Amenities 

-       Children's Playroom / Play area

-       Gym / Health Club

-       High-end Lobby

-       Lobby

-       Restaurants

-       Swimming Pool

 

 

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