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Developed by Emaar Properties, Vida Residence is an apartment complex in the Hills. It consists of two buildings with 12 and 15 floors. There are 136 apartments featuring floor plans with one, two, and three bedrooms. The residential complex offers a variety of amenities, including a gym, swimming pool, steam room, barbeque area, yoga lawn, children’s playground, and tennis court. Residents have access to an equipped business room for meetings. The buildings provide covered parking, high-speed elevators, laundry services, concierge services, and 24-hour security. Vida Residence features units ranging in size from 767 sq. ft (71 sq. m) to 4,245 sq. ft (394 sq. m). Residences have beautiful views of the Emirates Golf Club. The minimum price for a property is AED 1,150,000 (USD 313,000), and the maximum price for a three-bedroom apartment is AED 2,240,000 (USD 610,000).
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The neighborhood has three Metro stations, Nakheel, Dubai Internet City, and DAMAC Properties, which are located within a five-minute walk of Vida Residence. The area also has three bus stops, Dubai Arch Tower, Red Diamond, DAMAC, and Saba Tower, which are reachable within five to seven minutes.
There are several nearby restaurants, such as Wagamam, Sky Hookah, the Royal Budha, Bateel, Bert’s, and Belgian Beer Cafe. Supermarkets, such as Waitrose and Spinneys, are located within a short distance of the complex.
The Hills area is home to many kindergartens, including Dewdrops, Mosaic, and Paddington. Residents with older children can take advantage of several nearby international schools, such as Emirates International School, Dubai British School, and Regent International School. Residents can also reach Synergy University Dubai and Saint Petersburg State Economic University within a short distance. For medical services, the Iranian Hospital is situated within a 10-minute drive.
The return on investment rate for an apartment ranges from 5 to 8%, and one-bedroom apartments are known to have the most profitable returns. The average rental rate for a property ranges from AED 73,000 (USD 20,000) to AED 240,000 (USD 65,300), per year. Given the current real estate market, an apartment at Vida Residence will pay for itself within 14 to 18 years
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