The Address Boulevard residential complex in Dubai
The Address Boulevard residential complex with hotel services is located in the Downtown Dubai district, at the heart of Dubai. This 72-story building is one of the tallest in the metropolis, with a height of 368 metres. Construction began in 2012, and the project was completed in early 2017. The complex combines luxurious residences with hotel rooms.
The building offers studio apartments and residences with one to five bedrooms ranging from 54 to 405 m2. The interiors are designed in a neutral colour palette, with high-quality finishes. The panoramic windows flood the spaces with natural light, and each apartment has one or more balconies. The five-bedroom residences come with two additional rooms. Each apartment type is available in multiple layouts.
The Address Boulevard residences are suitable for family vacations, relocation, or investment purposes. The real estate market in Dubai has been steadily appreciating, with apartment prices rising by 8.
5% in 2002 alone. Investments not only protect money from inflation but also offer the potential for long-term growth.
Real estate in Downtown Dubai, Dubai, UAE
Downtown Dubai is the central district of the metropolis and is known for its high-quality real estate. Emaar Properties is the primary developer of the area, the construction of which began in 2004. The dominant type of building in the district is modern skyscrapers that offer residences with varying numbers of bedrooms, ranging from cosy studios to spacious duplexes and luxurious penthouses. The price of the property directly depends on the size, number of bedrooms, and prestige of the residential complex. Villas are mainly located in the podium part of the towers and are offered for sale in limited series.
Foreigners are allowed to own property in the Downtown Dubai community on a full ownership basis, as the district is part of the free zones.
The sale of real estate in Address Boulevard
Premium-class apartments are offered at a price range of AED3.6 million (USD900,000) to AED10.5 million (USD2.85 million), and the final cost depends on the size of the residence. Even when buying one-bedroom apartment in the residential complex, foreigners can obtain a five-year resident visa to live in the UAE. The residency visa can be repeatedly renewed while retaining ownership rights.
The property can be purchased for cash or with a mortgage loan. Banks in the UAE do not limit foreigners in obtaining a mortgage loan to purchase real estate. Detailed information on the terms of the loan and borrower requirements can be obtained from our specialists.