Crescent Residence
About Crescent Residence
(sq. ft.)
Crescent Tower is a luxury residential complex located in Al Khalidiya, one of Abu Dhabi’s fastest-growing areas. According to statistics, it is the second most popular community in Abu Dhabi for rental properties.
The complex has apartments that are fully furnished, and units feature functional, modern designs.
Residents can enjoy a variety of amenities, including:
- High-speed elevators
- Parking on the ground floor
- Pet-friendly accommodations
- 24-hour security with video surveillance
- Maintenance services
- 24-hour concierge services
- Gym
- Sauna and steam room
- Swimming pool
- Jacuzzi
- Children’s pool
- Squash court
Properties include three- and four-bedroom apartments with a minimum size of 3,012 sq. ft (280 sq. m). Three-bedroom apartments have many upscale features, including:
- Spacious living rooms with panoramic windows
- Modern bathrooms
- Pantries
- Laundry rooms
- Staff accommodations with separate bathrooms
- Kitchens
- Balconies
Four-bedroom apartments have additional bathrooms and larger living areas.
The average rental rate for a three-bedroom apartment is AED 624,000 (USD 170,000), per year.
*The price is valid for 2021
Property Information
- Location Al Khalidiyah, Abu-Dhabi, UAE
- Status of Project Ready
- Type of Project Residential Tower
- Units 3-4BR
- Area from 3,012 sq. ft.
Location
The nearest bus stop is located within 3.3 km of Crescent Tower. Therefore, residents are advised to travel by cab or personal vehicle. Abu Dhabi’s central bus station can be reached within 13 minutes of the building.
Residents have easy access to local schools, banks, entertainment venues, educational facilities, pharmacies, and hospitals.
There are several nearby cafes and restaurants, which service Arabic, European, and American cuisines.
There are several local parks, such as Al Majaz, Al Mamzar, Al Safia, and Al Fayha, which are located within walking distance of the residences.
A few popular dining establishments include:
- La Fontana
- La Brioche
- Tamba
- Idioms Restaurant
- Martabaan by Hemant Oberoi
- Royal Biryani
For groceries, residents can go to Choithrams and SPAR, which can be reached within two minutes of the complex. Spinneys Supermarket is also situated near the building and offers home delivery.
Payback
The average return on investment rate for real estate in the Al Khalidiya area is 7.7%, which is considered to be a high rate for property in the city. Owners can choose to rent out properties to generate income.
Al Khalidiya is a vibrant community, which attracts professionals, couples, and families with children. Crescent Tower is conveniently located in a neighbourhood with a well-developed infrastructure. The building offers luxury properties with functional layouts, which creates demand among tenants and investors.
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Metropolitan Premium Properties
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Office 706, 707. Danet.
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