Vida Residences Dubai Mall  

Vida Residence Dubai Mall is a new two-tower development by Emaar right across from Dubai Mall featuring one, two, three, and four bedroom branded & serviced apartments, as well as a hotel. This project is located on the plot next to Address Fountain Views. Developer is offering a 70-30 payment plan. Tower 2 launch is on July 13, 2017.

Property Types Available: Apartments, Hotel Serviced Apartments
Location: Sheikh Zayed Road, Al Khail Road, Dubai - Al Ain Road
Status: Proposed
Year Launched: 2017
Estimated Completion Date: October 2021
Developer: Emaar
Hotel Operator: Vida Hotels & Resorts
Title Type: Freehold
Quality Classification: Luxury
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Very close to Metro Station, Hotel Serviced Apartments, Residential Building , Residential Building with some retail
Under Construction Buildings: 2
Plot Number: 207
Total Under-Construction Hotel Apartments: 380

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Vida Residences Dubai Mall

Investment Score

Value for Money
90%
Project Uniqueness
90%
Location & Connectivity
100%
Rental Yield Expectation
90%
Capital Growth Expectation
85%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Somewhat investor friendly

Ideal for: End-Users & Investors

Price Range: AED 2,000 PSF - AED 2,750 PSF

Unit Types Available: Apartment, Hotel Serviced Apartment

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What Our Experts Think

Vida Residences Dubai Mall is one of the last few projects to be launched in such a prime location by Emaar. The two tower complex is located directly opposite to the Dubai Mall, next to Address Fountain Views and will connect directly to the mall. With the announcement of this project, the last of the prime plots in Downtown has been allocated.

The first component to be launched is Tower 1 which has hotel serviced apartments managed under Emaar's Vida brand. Tower 1 will have one, two, three, and four bed units; front-facing units will be facing the Dubai Fountain & Burj Khalifa and will be in very high demand on the day of launch. We expect prices to range from between AED 2300 - 2600 per sq. ft. In addition, Emaar are guaranteeing all serviced apartments to be part of the hotel pool which ultimately will offer very strong rental yields.

Emaar is offering a 70/30 payment plan, where 70% is paid over the construction period and 30% upon handover.

Tower 2 are will feature one, tw

Vida Residences Dubai Mall - New launch by Emaar in Downtown Dubai

1, 2, 3, & 4 Bedroom units for sale in one of the most prime locations in Downtown Dubai. Register now or call +971.50.708.6765 to learn more.

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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.

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

Launch for Tower 1 was on Wednesday, May 24, 2017. Launch for Tower 2 is on Thursday, July 13, 2017.

We expect prices to be lower in Tower 2, as these are branded residences, not serviced apartments.

General Guide:

- Vida Residence Dubai Mall is a new two-tower development by Emaar across from Dubai Mall.

- This project is located right along Sheikh Mohammed Bin Rashid Boulevard, on the plot next to Address Fountain Views.

- This development features one, two, three, and four bedroom units (luxury serviced and branded apartments, as well as a hotel component).

- Developer is offering a 70-30 payment plan; 70% paid during construction period, 30% paid upon handover in October 2021.

- 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 1, 2, & 3 bedroom 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.

- Vida Residences will have access to Fountain Views through the podium level which will provide access directly to Dubai Mall.

- Units will have views towards DIFC, Dubai Mall, Burj Khalifa, Dubai Fountain, the Boulevard, as well as towards Al Khail Road.

Tower 1 Guide

- Front-facing units will have views of the Dubai Fountain & Burj Khalifa. (Tower 1: 1 Bed: 08 unit; 2 Bed: 05, 06, 07 units; 3 Bed: 05, 08, 09 units; 4 bed: 09 unit)

- This is one of the last developments on the Sheikh Mohammed Bin Rashid Boulevard in Downtown Dubai; possibly one of the most prime plots offering views of the Dubai Fountain & Burj Khalifa.

- We expect there to be a very high demand for this project due to its prime location and it being one of the last remaining projects in Downtown Dubai.

- 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)

Tower 2 Guide

- Tower 2 only features 1, 2, & 3 Bedroom branded apartments.

- There are no front-facing one bedroom apartments. The following are the front-facing apartments: 2 Bedroom (03, 04 series); 3 Bedroom (02, 05 series)

- Completion is expected in October 2021

Unit Sizes:

- 232 Apartments in total

- 1 Bedroom: 775 sq. ft. - 805 sq. ft.

- 2 Bedroom: 998 sq. ft. - 1,208 sq. ft.

- 3 Bedroom: 1,398 sq. ft. - 1,971 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)

Dubai Land Classification & Escrow Account Details:

Land Number: 207

Project Number: 1898

Real Estate Developer: Emaar Properties

Trust Account Number: 6207451731

Account Trustee Name: National Bank of Abu Dhabi

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Vida Residences Dubai Mall

Amenities of Vida Residences Dubai Mall

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