MAMA Residences Dubai Business Bay

AED1.3M

Off-Plan Properties

WhatsApp Facebook Twitter Pinterest Linkedin Email

Off-Plan Properties

AED1.3M

Overview

Apartments
Property Type

Description

Fully Furnished Serviced Studios

& 1-2BR Apartments in Business Bay

Fully furnished and serviced studios and 1 & 2-bedroom apartments
from the global brand Mama Shelter with hotel services from Accor
Group. A spectacular 27-story luxury tower next to the iconic Burj
Khalifa skyscraper offers a panoramic view of the whole of Dubai

AED 1,253,000

Starting Price

Easy 50/50

Payment Plan

Q4 2023

Mama Residences by Ennismore, the largest and fastest-growing hospitality company, is more than just a residential project, it is a global Mama brand. First launched in 2008 in Paris by French designer Philippe Starck as a fashionable urban concept with former Club Med CEO Serge Trigano, the brand is rapidly gaining momentum. In 2023, it will add Dubai to its global map.

The tower was designed by Paris-based Franklin Azzi Architecture and redefines the architectural vision of Dubai. Recognized as one of the best of the latest generation of fashionable French designers, Gauguin’s core vision for the building focuses on “life, luxury & light” and brings a whole new energy to the project.

Also in every part of the MAMA Residences tower in Dubai are artistic masterpieces that tell the story of countries where the global and the local merge. Mosaic steps, colorful walls and eccentric hanging elements decorate every corner of the residential project.

The MAMA Residences complex has an advantageous location in the main business hub of the emirate – Business Bay. The residential project faces the Oberoi Hotel and is adjacent to the iconic Opus building. The development is situated near Al Mustaqbal Street, Sheikh Zayed Road and Burj Khalifa Boulevard. The residential complex is surrounded by all the necessary infrastructure within a walking distance of the building, including a skatepark with garden, Full Circle EMS Fitness Center Business Bay, W Mart Supermarket, ZOOM, Spinneys, Dubai Islamic Bank, Rami Arabi Beauty Salon and much more.

Real estate in MAMA Residences will be in high demand among business professionals and young couples due to the strategic location in the Business Bay area, which has close proximity to some of the city’s most famous landmarks, and the necessary infrastructure to live everyday life. The starting rental price for a 1-bedroom apartment in similar projects in Business Bay constitutes AED 80,000 per annum, therefore, the estimated ROI will be at 8%.

Investors can also buy a full floor in MAMA Residences, which is a great investment because the price for real estate in the complex will rise as construction nears completion. In addition, by purchasing a property in this project owners will be eligible to apply for a 3-year investor visa or a 5-year UAE Golden visa, depending on the value of the real estate.