The Residences is an apartment complex in Downtown Dubai. It is situated along the Sheikh Zayed Road across the Al Wasl in the northeast. It is bounded by Financial Centre Road on the northeast and Business Bay to the south. Downtown Dubai is home to luxurious hotels such as Al Manzil Downtown, Address Downtown and Vida Downtown.
The Residence 5 is one of the nine towers in The Residences. It is constructed by Emaar Properties, a prestigious name in the industry. The Residences 5 tower has 34 floors and was completed in 2007. It is a luxurious residential apartment building in Downtown Dubai. Also known as the E2 Tower, it stands 400 feet tall. One can spot it between Sheikh Mohammed bin Rashid Boulevard and the Burj Park by Emaar. The tower features a range of 1, 2 and 3-bedroom apartments. Residents can witness the spectacular views of the Burj Khalifa. The tower is just a few minutes away from renowned destinations in Downtown such as the Burj Park, The Palace Downtown Dubai, The Address Downtown and The Armani Hotel.
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Residents can find four levels of parking in The Residence 5.
High-speed elevators in The Residence 5 are functional for a fast commute.
The tower has a pre-cooled fresh air system. There is an emergency generator for backup. District cooling service is provided by EMAAR's own plant. Utilities are powered by DEWA. One can find 24-hour security, CCTV cameras, a 24-hour front-desk and maintenance services.
Business centre and meeting rooms can be utilised for organising events.
There are fully equipped gymnasiums in The Residence 5. Storage spaces and lockers are provided to the residents. Indoor and outdoor swimming pools are present in the building. Residents can relax in the sauna and Jacuzzi. Multiple changing and steam rooms are available. Residents who are interested in racket games can access the squash and badminton courts.
Parents will be pleased to know that The Residences 5 has play areas for kids and a daycare centre. The movie fans can enjoy their favourite pick on weekends at mini-theatre. There is a well-stocked library to meet your reading preferences.
The building has guest suites and round-the-clock concierge services. Additional services include household waste removal, pest control and cleaning.
Pets are allowed in the building.
There is a state-of-the-art fire alarm system and fire-fighting system.
The residential units in The Residences 5 come in different floor plans and configuration. Here is the floor plan of the apartment building:
PropertyDigger has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you're interested in by browsing floor plans for The Residence 5.
One can find a variety of apartments in The Residence 5 for buying and rental purposes. The tower has a distinct collection of luxury units ranging from 1 to 3-bedrooms equipped with key features and amenities.
1-bedroom apartments in The Residence 5 have covered areas ranging from 906 sq. ft. to 1,092 sq. ft. Those looking for 1-bedroom flats can expect an exquisitely furnished unit with a spacious bedroom and two bathrooms. There is a kitchen with appliances, a separate dining and living area.
2-bedroom apartments have covered areas ranging from 1,365 sq. ft. to 1,431 sq. ft. Each unit consists of master bedrooms with ensuite bathrooms, a fully equipped kitchen, balcony and other amenities.
The average covered area of 3-bedroom apartments ranges from 1,838 sq. ft. to 2,000 sq. ft. These units feature a spacious living area, dining area, large bedrooms with attached baths, maid's room, laundry room and a balcony.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
According to PropertyDigger, the most popular apartment types in The Residence 5 are the 3-bedroomunits. The 2-bedroom units and 1-bedroom units are on the second and third place, respectively.
Apartments for rent in The Residence 5 are available for AED 90k to AED 219k.
The building offers high-end residential units at attractive prices. For more options, you can also check out other apartments for rent in Downtown Dubai.
The rental lease is paid in post-dated cheques. The number of cheques may vary from four, six, eight and even monthly in few cases.
Those looking to invest in The Residences 5 will find it to be a good option. It also offers freehold ownership to expatriates. Apartments for sale in The Residence 5 range from AED 1.4M to AED 5.5M.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
1-bedroom apartments have the highest ROI i.e. 5.8%. Next are the 3-bedroom units with an ROI of 4.3%, followed by 2-bedroom apartments with a 4.2% ROI.
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Modes of public transportation near The Residence 5 include bus and metro.
The nearest bus station is 8 Boulevard Walk Tower 1bus stop at a 3-minute drive. Other nearby bus stations such as South Ridge Tower 2 bus stop, Lake Central Tower 2 bus stop, Clover Bay Tower 1 bus stop and The Binary Tower 1 bus stop are a 4-minute drive away.
The nearest metro stations are Business Bay Metro Station and Burj Khalifa/ Dubai Mall Metro Station. These are located at a 7 to 8-minute driving distance.
There is a vast range of cafes and restaurants near The Residence 5 ranging from fast food to fine dining. These include
Yeldizlar is a Lebanese restaurant located in Burj Plaza, Downtown Dubai. Taikun Dubai is a boutique hotel for modern 'izakaya'-style dining. It features a garden terrace and lounge booths. It is located on the ground floor of the Vida Downtown Hotel. Boulevard Kitchen is a Middle Eastern restaurant giving you a contemporary Parisian feel in a hotel setting. These restaurants are located at a 3-minute driving distance.
Other nearby restaurants include La Serre, Le Relais de l'entrecote Dubai, Pizzaro Old Town, Chimney Bistro Restaurant & Cafe, Al Hallab Bab El Bahr, Bosporus Turkish Cuisine, Filful, Mizu Restaurant, Leila Restaurant. These restaurants are a 2 to 7-minute drive away.
Fine dining restaurants in Downtown Dubai include:
Ewaan serves Arabic and Oriental dishes and a sumptuous buffet. It is located at the ground level of Palace Downtown and is a 7-minute drive by car.
Thiptara is a contemporary fine-dining venue in a hotel offering lake views. It serves Thai cuisine, especially Bangkok-style seafood. It is located on the ground level of Palace Downtown and is a 7-minute drive by car.
Bice Mare offers Italian cuisine with views of the iconic Burj Khalifa. It is located on Level 3 of Souk Al Bahar and is a 7-minute drive away from the residential tower.
The supermarkets near The Residence 5 include:
These grocery shopping options are a 3 to 6-minute drive. Spinneys Market Souk Al Bahar, Al Maya Supermarket, Caesar Supermarket and W Mart Fresh are also in the vicinity.
These buildings are at a walking distance from The Residences 5. Other nearby options include The Residence 1, Attareen, Boulevard Central and 8 Boulevard Walk.
The major landmarks nearby are:
Burj Park is an architectural wonder featuring art fixtures and wide walkways. The list of things to do in Burj Park includes cycling and watching the spectacular dancing fountain, The Dubai Fountain.
Dubai Opera is the first performing arts theatre in the city. Contrary to musical and drama shows, stand-up comedy, jazz performances and musical concerts are also held at Dubai Opera. The best upcoming shows at Dubai Opera in 2020 include Dial M for Murder, Broken Wings, The Greatest Love of All, Björn Again and La Traviata among many others.
Burj Khalifa is an 828-metre-tall structure. At the TopBurj Khalifa, an outdoor terrace observatory offers 360 degrees views of the city.
Some other landmarks include Dubai Ice Rink, Dubai Aquarium & Underwater Zoo and The Dubai Fountain.
The Residence 5, Dubai is strategically located in Downtown Dubai. It offers numerous lifestyle amenities. However, the area can get crowded on weekends.
