The WPJ
Commercial Real Estate News
Dubai's Ibn Battuta Gate Apartments Ready for Tenants
(DUBAI, UAE) -- Apartments at Ibn Battuta Gate located at the southern entrance of Dubai are now available for lease, according to property management company Asteco. The building offers 156 one and two bedroom apartments on ten floors.
Adjoining the new Ibn Battuta Gate Hotel which is managed by Swiss hotel operator Mövenpick, the apartments are available from $19,000 per year. "The apartments offer luxury living at an affordable price. In addition, tenants also have the unique choice of using either the Mövenpick's pool and health club or the state-of-the-art leisure facilities within the apartment building," said Camilla Van Der Merwe, Head of Sales and Leasing at Asteco, which is managing the mixed-use development for owner Seven Tides.
Residents are 400 meters from the new Ibn Battuta Metro station, which provides direct links to Dubai World Trade Centre and Dubai International Financial Centre. Some of them may work in the 11 story office tower at the opposite end of the iconic archway. Ibn Battuta tenants in homes or offices have access to covered parking underneath the building.
"Living within walking distance of work is not often feasible, especially in a climate such as we have in the UAE, but Ibn Battuta Gate allows people to do just that," said Van Der Merwe. "However, we are also seeing more and more people commuting between Dubai and Abu Dhabi, and this development is perfectly placed to service both markets, as well as the more local commercial hubs of Jebel Ali Free Zone and Dubai Media and Internet cities."
Residents may also benefit from the Ibn Battuta shopping mall next door with 250 retail outlets, a hypermarket, and more than a dozen food and beverage outlets, as well as a 21-screen multiplex.
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