AIRE RESIDENCES in City Walk, Dubai, UAE № 230322

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AIRE RESIDENCES in City Walk, Dubai, UAE № 230322
ID230322

AIRE RESIDENCES Development description

Aire Residences is a new building in Dubai from the developer Alta Real Estate Development. The building will be located in one of the most prestigious areas of Dubai City Walk. Now the residential community is under construction, and the completion of work is scheduled for Q4 2026. The 71-storey building will house 151 residences: 143 apartments with 2–4 bedrooms, 2 duplexes, 5 penthouses and 1 triplex. From the windows of the residences will open a fascinating view of the city and the tallest building in the world, Burj Khalifa.

Architecture and design

The high-rise building has an elegant look with futuristic elements that give it a recognizable personality. The project of the tower was developed by the architectural bureau Arquitectonica based in the USA, and the interior design was prepared by the Australian studio McKimm. Panoramic glazing will provide the interior with plenty of natural daylight. High ceilings and finishes in bright colors will visually expand the space, while at the same time leaving the owners the opportunity to add original accents in the form of bright furniture or accessories to the design of the premises.

A podium is provided in the high-rise tower, where part of the infrastructure facilities will be located. Aire Residences under construction has many luxurious amenities, including a large swimming pool with a relaxation area, a two-level yoga and Pilates room, coworking spaces and others.

All residences in the residential complex will be equipped with premium household appliances and stylish furniture made according to original sketches. Residents of the residential complex will be able to remotely control the living space due to the "Smart Home" system.

Apartments, duplexes, townhouses and triplex in Aire Residences

It will be possible to choose from several types of real estate in Aire Residences. Single-level apartments in Aire Residences are called "sky units" and are located on floors 11–45. A three-level triplex, 2 duplex duplexes and 5 penthouses are located on 58–69 levels of the building. These residential properties are united under the name "Sky homes". Their residents will have access to the roof gardens of the house.

As of April 2023, the starting cost of residences in the residential complex is AED 8.2 million ($2,238 million).

The cost of residential properties will increase as the construction work progresses, so it is better to check the prices of residences immediately before buying from the site managers.

Lifestyle

Aire Residences is a luxury real estate in Dubai, a premium class project in the City Walk area. Luxury residences, panoramic views of the city and many amenities make the residential complex popular among families with children, businessmen and wealthy pensioners.

Real estate in the community is suitable for those who want to live in the center of one of the most progressive megacities in the world, on an island of tranquility that rises above the boiling urban energy, and be able to enjoy the luxurious amenities of a five-star hotel without leaving the residential building.

Thanks to the rich infrastructure, residents of the complex will be able to lead a busy lifestyle. Kindergartens, schools, hospitals, supermarkets and restaurants are located near the gated community.

Real estate in Aire Residences for investment

Investments in real estate at the construction stage in a new building in Dubai will allow buyers to have a high regular income in the near future and will allow them to get a "Golden Visa" to the UAE for 10 years. The location of the residential community in the heart of Dubai in a popular area will contribute to the high profitability and liquidity of residences. The minimum annual cost of renting a 1-bedroom apartment in the City Walk area is AED 140,000 ($38,000). The average ROI for long-term rentals in Dubai is 5–8% per annum. Income from renting an apartment in Dubai is not taxed.

After the transfer of the finished residential community into operation, the cost of apartments, duplexes, penthouses and triplex will increase by 15–30%, which will allow those who invest in construction at early stages to earn on the resale of residential properties.

Realtors with extensive experience in the UAE real estate market will help you buy real estate in a new building in Dubai for investment. Fill out the feedback form and get answers to all questions related to buying a home and moving to Dubai. Specialists will accompany the buyer at all stages of the purchase and sale transaction: from the selection of residential real estate to the signing of the contract of sale, as well as provide competent after-sales service.

Location

Location
  • Near public transportation
  • Close to shopping malls
  • Close to the city centre
  • Close to schools
  • Close to the kindergarten
  • Great location

Features

Doors and windows
  • Panoramic windows
  • Panoramic glazing
Balcony
  • Balcony
  • Terrace

Indoor facilities

Entertainment facilities
  • Cinema
  • Recreation area
Spa, pool and etc
  • SPA center

Outdoor features

Barbecue
  • Barbecue area
Outdoor facilities
  • Landscaped garden
  • Landscaped green area
  • Social and commercial facilities

Distance to metro

Financial Centre
1400m
Burj Khalifa/Dubai Mall
250m
Business Bay
1200m
Dubai - Statistics
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ParametersDubai
Rent Per Month
Apartment (1 bedroom) in City Centre7 922.61 AED
Apartment (1 bedroom) Outside of Centre4 837.25 AED
Apartment (3 bedrooms) in City Centre15 283.38 AED
Apartment (3 bedrooms) Outside of Centre10 348.05 AED
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre19 531.65 AED
Price per Square Meter to Buy Apartment Outside of Centre11 144.73 AED
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ParametersDubai
Crime Index16.17
Cost of Living and Rent Index57.75
Purchasing Power Index119.16
Property Price to Income Ratio5.14
Safety Index83.83
Traffic CO₂ Index8147.60
Traffic Inefficiency Index264.68
Rent Index52.42
Health Care Index69.07
Groceries Index46.82
Pollution Index49.34
Traffic Commute Time Index37.01
Restaurant Price Index61.44
Climate Index50.27
Cost of Living Index62.63
Quality of Life Index171.17
Traffic Index173.48
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ParametersDubai
Restaurants
Meal, Inexpensive Restaurant40.00 AED
Meal for 2 People, Mid-range Restaurant, Three-course300.00 AED
McMeal at McDonalds (or Equivalent Combo Meal)35.00 AED
Domestic Beer (0.5 liter draught)45.00 AED
Imported Beer (0.33 liter bottle)50.00 AED
Coke/Pepsi (0.33 liter bottle)4.27 AED
Water (0.33 liter bottle) 2.79 AED
Cappuccino (regular)21.58 AED
Markets
Milk (regular), (1 liter)7.37 AED
Loaf of Fresh White Bread (500g)5.96 AED
Eggs (regular) (12)11.58 AED
Local Cheese (1kg)40.60 AED
Water (1.5 liter bottle)2.32 AED
Bottle of Wine (Mid-Range)57.50 AED
Domestic Beer (0.5 liter bottle)11.67 AED
Imported Beer (0.33 liter bottle)19.19 AED
Cigarettes 20 Pack (Marlboro)23.00 AED
Apples (1kg)8.50 AED
Chicken Fillets (1kg)30.58 AED
Oranges (1kg)6.87 AED
Potato (1kg)3.74 AED
Lettuce (1 head)6.17 AED
Rice (white), (1kg)8.28 AED
Tomato (1kg)5.98 AED
Banana (1kg)7.23 AED
Onion (1kg)4.12 AED
Beef Round (1kg) (or Equivalent Back Leg Red Meat)35.08 AED
Transportation
One-way Ticket (Local Transport)6.50 AED
Monthly Pass (Regular Price)300.00 AED
Gasoline (1 liter)3.07 AED
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)150 000.00 AED
Taxi Start (Normal Tariff)12.00 AED
Taxi 1km (Normal Tariff)3.00 AED
Taxi 1hour Waiting (Normal Tariff)30.00 AED
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)83 765.52 AED
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment758.85 AED
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)350.84 AED
220.96 AED
Salaries And Financing
Average Monthly Net Salary (After Tax)14 911.07 AED
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate5.12
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult334.52 AED
Tennis Court Rent (1 Hour on Weekend)177.12 AED
Cinema, International Release, 1 Seat50.00 AED
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)238.33 AED
1 Summer Dress in a Chain Store (Zara, H&M, ...)221.25 AED
1 Pair of Nike Running Shoes (Mid-Range)368.59 AED
1 Pair of Men Leather Business Shoes364.74 AED
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child2 730.53 AED
International Primary School, Yearly for 1 Child53 789.47 AED
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.

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Airport
10.5 km
City center
500 m
Beach
2.5 km
Hospital
300 m
Marina
2.5 km
Mall
850 m

Developer Alta Real Estate Development

Ongoing projects
Total
Headquartered in Dubai, Alta is a privately owned global real estate development company known for its portfolio of the most notable residential addresses and commercial locations.
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DevelopmentAIRE RESIDENCES
CityDubai
DistrictCity Walk
AddressAl Wasl Area - near Sheikh Zayed Road - Dubai - UAE
TypeDevelopment
Rooms2
Living space182 m²
max. 182 m²
  • sq. ft
To sea3.1 km
To city center3 km
Completion dateIV quarter, 2026