The Address Residence Fountain View 2 is a residential skyscraper with 65 floors. The height of the building is 329 meters. The complex is located in the elite district of Downtown Dubai. The developer of the project is Emaar Properties.
The main feature of The Address Residence Fountain View 2 is the view of the famous dancing fountains of Dubai and the highest skyscraper in the world, Burj Khalifa.
Residential units of 1, 2, 3 and 4 bedrooms are available for purchase in the building. Fully furnished one-bedroom, two-bathroom apartments of 851 sq. ft (259 sq. m) cost about AED 2,200,000 (USD 600,000).
The one-bedroom apartments feature a spacious living room, office and dining area. The housing is fully prepared for work and leisure.
Downtown Dubai is one of the most prestigious areas of Dubai. It is both a commercial and a tourist center, where residential real estate is very popular.
Payback on apartments in the area is 5.25%. For the city, this figure is about average. The cost of housing in Downtown Dubai is on average AED 4,918 (USD 1,339 USD) per square meter. Monthly rental fees for apartments are generally around AED 98,596 (USD 26,842).
The dynamics of the growth of average real estate payback, through the cost of apartments and their rent makes the area an attractive investment opportunity. Downtown Dubai will only continue to expand and improve its infrastructure. Thanks to this, we should expect an increase in average payback in the future.