If you want to live in Dubai, the Fountain View Apartments should fit your budget. Find out about prices and luxurious facilities today!
Picture yourself scrolling through magnificent Dubai property listings; your eyes land on Fountain View Apartments with breathtaking views of the Burj Khalifa and the Dubai Fountain. You can picture yourself sipping your morning coffee on the balcony as the city comes to life.
Then reality hits the reality: "Can I actually afford this?" Surely, luxury living in such a prime location has its appeal. But the monetary obligation seems intimidating. What about hidden costs? Is there the possibility of fluctuating market prices? Was your dream out of reach?
This guide deliberates the different aspects that determine the affordability of the Fountain View Apartments in Dubai, thus enabling potential residents to make an informed financial decision and determine if this iconic address fits their lifestyle and budget.
An Overview of Fountain View Apartments
Location and Amenities:
Centrally located in Downtown Dubai, Fountain View Apartments features a prime location where residents can feel the intense energy of the city. Daily views of mesmerizing performances at the Dubai Fountain and towering Burj Khalifa are a luxury only a few residences can afford.
Residents can access world-class shopping at The Dubai Mall, casual or fine dining at restaurants offering all sorts of cuisines, and entertainment ranging from cinemas to art galleries, with ideal proximity to key business districts.
Unit Sizes and Layouts:
Fountain View Apartments offers just about everything, with unit sizes ranging from studios to large three-bedroom apartments. Each unit is characterized by modern aesthetics and functionality, including high-quality finishes, contemporary kitchens, and vast living areas.
Layouts of the apartments have been designed for optimal light penetration and marveling views. For instance, the sizes of a studio may vary around 400-600 sq. ft., a one-bedroom around 700-1000 sq. ft., whereas two beds are around 1200-1800 sq. ft., and three bedrooms are over 2000-2500 sq. ft.
Luxury Lifestyle Amenities:
Fountain View Apartments residents are given certain privileges of premium amenities. Health-savvy tenants have a world-class gym fitted out with modern equipment for their well-being.
A nice swimming pool is a refreshing retreat, while the beautified gardens offer relaxation and great spots for socializing. The concierge attends to the residents' requests promptly and efficiently, while assurance comes from the 24-hour security.
Cost of Living in Fountain View Apartments
Rent Segments:
At Fountain View Apartments, rental prices vary greatly according to unit size and layout, and with the view. By late 2023 and early 2024, studio apartments will probably cost AED 70,000-AED 100,000 per annum, while the rent for a one-bedroom apartment would cost AED 100,000-AED 180,000.
A two-bedroom apartment would cost anywhere between AED 180,000 and AED 300,000, while three-bedroom apartments would go for over AED 300,000 annually. Other considerations in setting rental prices are the level of the floor, what the view is like, and how well the apartment is kept.
Fountain View Apartments - Purchase Prices
Fountain View Apartments have varied purchase prices, just like any other apartment. Studios are priced anywhere from AED 1.2 million to AED 2 million, while one-bedroom apartments start from AED 1.8 million to AED 3.5 million.
The estimated cost for two-bedroom apartments is AED 3 million to AED 6 million, while a three-bedroom apartment may cost you more than AED 6 million. Various banks and mortgage lenders in Dubai provide financing options. Although this would be helpful, they should consider down payment and interest rates.
Costs to Add:
There are other costs apart from purchasing or renting. The main thing to add is the service fees for the upkeep of buildings, security, and amenities that will be used in a month.
Costs of utilities such as electricity, water, and internet should also be added. It might not cost less to furnish and relocate all the fittings, especially when moving from another country.
Determine Your Budget and Fit
Evaluate Your Financial Situation:
Having finished the evaluation of your financial situation, it is now time to enter Fountain View Apartments. Check how much you earn, what savings you have, and how much debt you will go into to find out your maximum housing budget, as far as it goes every month.
Think about the security for your job and future expenses. A general thumb rule says that housing costs should not exceed 30 percent of your gross income monthly.
Comparing why You Need Such Apartments:
Keep the apartments according to your lifestyle needs. For example, if you like the convenience of having luxury amenities, such as swimming pools, gyms, and lounges, then Fountain View Apartments should suit your taste well.
However, if you have a preference for cost-effectiveness yet spacious apartments, you may have to consider other options. Weigh the benefits against the costs, keeping in mind your long-term financial goals.
Making an Informed Decision
Professional Advice is Preference: Inquire from an eligible real estate agent whose forte lies in Downtown Dubai. This will help you figure out the market trends and well as the pricing.
The financial advisor will help you assess your affordability and make solid financial planning. And of course, local knowledge of the market and the regulations will equip you to make very informed decisions.
Other Alternatives:
Check out other buildings in Dubai that your budget can sustain and fit in with your lifestyle. Weigh the pros and cons of renting against buying. Renting offers flexibility, but buying may be a longer-term investment.
Next Steps
Visit Fountain View Apartments. Visit the different banks and mortgage lenders, inquire possible financing methods, and negotiate the best deal. Also, you can also read our latest posts on Properties for Sale in Dubai to get a more personalized details.
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