Urban Life Residences

Urban Life Residences

By Urban Properties Development (UPD) in Business Bay

New apartments in Dubai's "Manhattan" in the center of Dubai. An ideal place for business meetings, social events, and vibrant entertainment. Beneficial for rental investments. Post-handover payments until Q2 2029. Just 10 minutes to Dubai Mall and Burj Khalifa.

890,000 AED

Minimum cost

Q2 2026

Project completion

About Location
About Location

Urban Life Residences — Location

Urban Life Residences in Business Bay, Dubai, is an attractive place for property investments due to its advantageous location and developed infrastructure. The area borders top tourist locations such as Downtown Dubai, Al Safa, and Jumeirah.

Its central location, bordering top tourist destinations like Downtown Dubai, Al Safa, and Jumeirah, as well as proximity to key business centers, high rental rates, and high ROI make apartments in Urban Life Residences ideal for investment.

As of Q2 2024, the average price for studios in Business Bay is approximately 600,000 AED ($163,350), with a price per square meter of about 15,000 AED ($4,083). One-bedroom apartments average 1,200,000 AED ($326,700), with a square meter price of 14,000 AED ($3,812). Two-bedroom apartments are valued at an average of 2,000,000 AED ($544,500), with a square meter price of 13,500 AED ($3,676).

The annual rental yield is approximately 6-8%, while short-term yield is 8-10%. Return on investment (ROI) is around 5-7% annually.

The project enjoys convenient access to major roads such as Sheikh Zayed Road (E11) and Al Khail Road (E44). Nearby are three metro stations: Business Bay Metro Station and Burj Khalifa/Dubai Mall Metro Station. The prestigious Jumeirah International School and shopping centers like Dubai Mall and Bay Avenue Mall are a 6-10 minute drive away.

Travel time to Dubai International Airport (DXB) is 15-20 minutes, and to DWC Airport is 40-45 minutes. Burj Khalifa is reachable in 5-10 minutes, while the nearest beaches like Jumeirah Beach and Kite Beach are 15-20 minutes' drive from Urban Life Residences.

Urban Life Residences — About the project

Urban Life Residences by Urban Properties Development — a 19-story premium residential building with a 3-level parking, entertainment infrastructure occupying the 1st floor, and apartments. As of June 21, 2024, studios and apartments with 1 and 2 bedrooms ranging from 418 to 1,761 sq. ft. offer views of the park and Dubai skyline.

  • Urban Life Residences
  • Urban Life Residences
  • Urban Life Residences
  • Urban Life Residences
  • Urban Life Residences
  • Urban Life Residences
  • Urban Life Residences

        • Urban Life Residences — Floor Plans

        Studios Number of bedrooms
        Apartments Number of bedrooms

        Studio

        890,000 AED

        Studio
          Bathrooms 1 Total area 418 sqft

          1 bedroom apartment

          1,500,000 AED

          1 bedroom apartment
            Bathrooms 2 Total area 791 sqft

            2 bedroom apartment

            2,700,000 AED

            2 bedroom apartment
              Bathrooms 3 Total area 1572 sqft

              Urban Life Residences — Payment Plan

              • 10% 01

                Down payment

              • 35% 02

                During construction

              • 20% 03

                On handover in Q2 2026

              • 35% 04

                Post-handover over 3 years

              Buy property at the developer prices

              0%

              our commission

              Amenities

              • 3 pools (1st, 6th, and 11th floors)
              • Coworking space
              • Business center
              • Cinema
              • Fitness center
              • Sauna
              • Landscaped garden
              • Open training area
              • Playroom and children's playground

              • Urban Life Residences is a modern residential complex with exquisite design and stunning panoramic city views. The complex offers elegant and spacious studios and apartments with one and two bedrooms.

              • Each apartment in Urban Life Residences is meticulously finished using high-quality materials from leading global brands. This ensures not only stylish interiors but also comfort at the highest level. The complex offers various apartment layouts, allowing for optimal solutions to any needs and preferences.

              • The finishing is done with special attention to detail, creating an atmosphere of luxury and comfort. Each apartment in Urban Life Residences features modern technologies and amenities, ensuring a high standard of living.

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              FAQs

              Urban Life Residences is developed by Urban Properties Development.

              Studios range from 890,000 to 1,230,000 AED ($242,500 to $335,000). One-bedroom apartments range from 1,500,000 to 2,400,000 AED ($408,000 to $653,000). Two-bedroom apartments range from 2,700,000 to 3,000,000 AED ($734,000 to $816,000). Prices are current as of June 21, 2024. Please verify with Everhomes managers for updated information.

              Studios range from 418 to 508 square feet (39 to 47 sqm). One-bedroom apartments vary from 791 to 1,205 square feet (73 to 112 sqm). Two-bedroom apartments range from 1,572 to 1,761 square feet (146 to 163 sqm).

              The project offers 146 apartments: 42 studios, 76 one-bedroom apartments, and 28 two-bedroom apartments.

              The project offers studios and apartments with one and two bedrooms.

              The residential complex's infrastructure includes 3 pools, coworking space, business center, cinema, fitness center, sauna, landscaped garden, open training area, playroom, and children's playground.

              There is a post-handover payment plan over 3 years, until Q2 2029! During this period, 35% of the apartment's cost needs to be paid. The initial deposit is 10%. During construction, you pay 35%, and upon completion in Q2 2026, you pay 20%.

              Advantages include high rental rates and high return on investment (ROI). Annual rental yield is approximately 6-8%, while short-term yield is 8-10%. Return on investment (ROI) is 5-7% annually.

              Nearby educational institutions include Jumeirah International School, as well as shopping centers Dubai Mall and Bay Avenue Mall.

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