Montrose Residence

Montrose Residence — Completed Science Park Living With Exclusive Millennium Hotel Access and Infinity Pool Views

TL;DR Snapshot

| Factor | Detail | |--------|--------| | Developer | Deyaar Development | | Location | Dubai Science Park (DSP), Dubai | | Status | Ready — Completed 2017 | | Unit Types | Studio (hotel-style), 1BR (avg 750 sqft), 2BR, 3-4BR Premium | | Price Range | AED 865K – AED 1.11M | | Unique Feature | Millennium Hotel Access for residents | | Amenities | Infinity Pool, Rooftop Garden, Gymnasium, Children Play Area, Basement Parking | | Investment Thesis | Completed Deyaar building with hotel access privilege in a science/pharma employment hub |

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Dubai Science Park: The Science City That's Becoming a Residential Magnet

Dubai Science Park (DSP) — formerly known as Dubai Biotechnology and Research Park (DuBiotech) — is a free zone and business park operated by TECOM Group that specialises in life sciences, pharmaceuticals, biotechnology, and scientific research companies. Located in the Al Barsha South area adjacent to Barsha Heights (formerly TECOM) and the Dubai Internet City cluster, DSP houses over 750 organisations ranging from global pharmaceutical multinationals to medical device manufacturers, clinical research organisations, and health technology companies.

The employment profile of DSP is notably different from Dubai's finance-dominated DIFC or technology-heavy Internet City:

• Pharmaceutical scientists and researchers: employed by companies like Pfizer, AstraZeneca, and regional pharmaceutical manufacturers
• Medical device engineers and sales professionals: representing the large global medtech presence in the park
• Clinical and regulatory affairs professionals: the compliance and research functions that global pharma companies maintain at their regional offices
• Biotech entrepreneurs and founders: companies incubated within DSP's startup and SME ecosystem

This professional demographic has consistently strong rental demand characteristics: mid-to-senior salary levels, stable long-term employment (pharma and biotech employment is less cyclical than trading or hospitality), and high household income relative to the unit sizes they occupy. For investors in Montrose Residence, DSP's employment base is the structural anchor of tenant demand.

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The Millennium Hotel Access: A Defining Distinction

The standout amenity of Montrose Residence is not the infinity pool or the rooftop garden — it is the access to the adjacent Millennium Hotel's facilities as a resident privilege. This creates a hospitality infrastructure available to Montrose residents that goes significantly beyond what any standalone residential building's budget can deliver.

What Millennium Hotel Access Typically Includes When Deyaar developed Montrose Residence, the proximity to the Millennium Hotel created a formal access arrangement. This typically covers:

• Hotel pool: access to the Millennium Hotel's main swimming pool facility — usually a larger, more comprehensively serviced pool than a residential building's own pool, with pool service, towels, and sun lounger availability at hotel standards
• Fitness centre: hotel-grade gym equipment and classes, typically with more machines and space than residential gym equivalents
• Spa and wellness: the Millennium Hotel's spa facilities — steam rooms, sauna, Jacuzzi, treatment rooms — available to Montrose residents either free or at preferential resident rates
• Hotel F&B: preferential access to the hotel's restaurants and bars for dining and social occasions

For residents, this arrangement effectively provides 5-star hotel amenities as part of daily life. For investors, it is a rental marketing differentiator that the building itself cannot replicate with any level of capital expenditure — it is a structural amenity advantage tied to the building's physical proximity to the hotel.

The Comparable Premium Elsewhere Branded residences in Dubai that provide hotel access — Address, Jumeirah Living, W Residences — command AED 3M–15M+ for the privilege. Montrose Residence provides a comparable access privilege at AED 865K–1.11M entry — a significant value differential for buyers who understand what hotel-access residential ownership means in daily living terms.

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Infinity Pool and Rooftop Garden: The Building's Own Amenities

Beyond the Millennium Hotel access, Montrose Residence delivers its own elevated amenity package:

Infinity Pool An infinity-edge pool creates a visual horizon effect where the pool's far edge appears to merge with the surrounding landscape. Infinity pools are typically found in luxury resort or hotel settings — their presence at a Deyaar mid-market development reflects the developer's intent to position Montrose above the standard DSP residential offering.

The pool's placement allows the infinity edge to face the most visually compelling direction from the building's position — creating a pool experience that, during the cooler months (November–April), delivers an outdoor leisure setting genuinely comparable to a boutique resort.

Rooftop Garden A landscaped rooftop garden provides outdoor green space at elevation — a rare amenity in Dubai residential buildings where rooftop areas are typically utilitarian mechanical spaces rather than resident destinations. The rooftop garden creates:

• An outdoor social gathering space separate from the pool area
• A height-advantage viewing terrace for residents and their guests
• Green vegetation at altitude, creating a microclimate that is marginally cooler than Dubai's general rooftop temperature during transition seasons

Gymnasium A fully equipped fitness facility with cardio and resistance equipment. The gym serves as the standard daily fitness provision — supplemented by the Millennium Hotel's superior gym facilities for residents who want expanded equipment choice.

Children's Play Area A dedicated play zone serving the family demographic in DSP's residential ecosystem — particularly relevant for the pharmaceutical and medical professional families who constitute a significant portion of DSP's resident tenant base.

Outdoor Sitting Area Landscaped outdoor seating zones providing communal space for residents to socialise, relax, or work outdoors during Dubai's comfortable outdoor seasons.

High-Speed Elevators Efficient vertical circulation reducing daily transit friction.

24/7 Security and CCTV Monitoring Continuous building security — standard for a completed Deyaar development.

Basement Parking Underground covered parking providing the combination of shade and security that Dubai's climate demands.

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Unit Configuration

Studio (Hotel-Style Format) The studio tier at Montrose Residence is configured in a hotel-style format — reflecting the development's proximity to the Millennium Hotel and the hybrid residential-hospitality positioning of the building. Hotel-style studios are typically efficiently planned, with integrated kitchen, living, and sleeping functions in a single well-designed space, often with superior bathroom specification relative to standard residential studios.

For short-term rental investors, hotel-style studio format aligns naturally with the guest expectations of the short-stay market — the format guests are familiar with from hotel stays transfers directly to residential short-term rental demand.

1-Bedroom (Avg 750 sqft) At 750 sqft average, the 1BR provides a generous single-bedroom configuration — above the Dubai mid-market 1BR average of 650–700 sqft. The additional space creates a more comfortable living environment and supports premium rental positioning within DSP's 1BR market.

2-Bedroom Standard 2BR family/couple accommodation, with the bedroom separation required for occupant privacy in multi-occupant households.

3-4BR Premium Layout The premium residential tier — 3BR and 4BR configurations designed for larger families or multi-occupant professional households. At AED 1.11M ceiling for the listed range, these are likely within the same building at a size that represents significant value for the DSP market.

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Deyaar Development: The Developer Profile

Deyaar Development is one of Dubai's established mid-market and mid-premium residential developers — listed on the Dubai Financial Market (DFM: DEYAAR) and partially owned by Dubai Islamic Bank. Its listed status provides financial transparency and regulatory accountability.

Deyaar's portfolio includes Bella Rose at Dubai Science Park (one of the developer's flagship projects), Midtown at IMPZ, and various Business Bay and Dubai Marina developments. The company has a consistent track record of delivery and professional property management through its Deemas property management division.

Montrose Residence, completed in 2017, represents Deyaar's established DSP positioning — a building that has been through multiple market cycles and demonstrated sustained occupancy through the COVID-19 period and subsequent recovery.

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Location: Dubai Science Park and the Al Barsha Corridor

Dubai Science Park sits within the Al Barsha South / TECOM corridor — one of Dubai's most commercially active zones, encompassing Dubai Internet City, Dubai Media City, Dubai Knowledge Park, and the broader free zone cluster that employs tens of thousands of technology, media, and science professionals.

Key Distances from Montrose Residence, DSP

| Destination | Drive Time | |-------------|-----------| | Dubai Science Park companies | On-site / walking | | Dubai Internet City / Media City | 10–12 min | | Mall of the Emirates | 8–10 min | | Dubai Marina | 15 min | | Downtown Dubai | 20–25 min | | DIFC | 20 min | | Dubai International Airport | 25 min | | Jebel Ali Free Zone | 20–25 min | | Abu Dhabi | 80–90 min |

The Mall of the Emirates proximity — 8–10 minutes — creates exceptional retail, dining, and entertainment access for DSP residents. Ski Dubai, Harvey Nichols, Carrefour, VOX Cinema, and over 600 stores are within a genuinely short drive from Montrose Residence.

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Investment Analysis

Completed Asset Fundamentals Montrose Residence was completed in 2017 — a mature building with 7+ years of operational history. This history translates to:

• Established service charge levels (no uncertainty about running costs)
• Known maintenance quality and management standards
• Verifiable transactional and rental history for due diligence
• Immediate income upon purchase

Yield Projections DSP 1BR units currently rent at approximately AED 75,000–95,000 annually. At AED 900K–1M acquisition for 1BR units at Montrose, gross yields of 7.5%–10.6% — consistent with DSP's above-average yield market relative to the broader Dubai residential benchmark.

The Millennium Hotel access differentiates Montrose from competing DSP buildings and supports a rental premium of AED 5,000–15,000 per year over non-hotel-access equivalents — tenants working in science and pharma at DSP often have prior hotel living experience and value the hotel access amenity highly.

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Final Assessment

Montrose Residence is a completed Deyaar building in Dubai's science and pharma employment hub with a defining privilege — Millennium Hotel access — that no new-build at this price point can replicate. The infinity pool, rooftop garden, and hotel-access combination at AED 865K–1.11M create an amenity-per-dirham ratio that exceeds what the price bracket typically delivers in Dubai's mid-market segment. For investors targeting DSP's stable pharmaceutical and life sciences employment base, and for end-users who want hotel-adjacent living with the ownership security and yield upside of a freehold purchase, Montrose Residence delivers a compelling package in a proven location with immediate income potential.