Downtown Dubai is a two square kilometre residential and commercial development in the centre of Dubai. Home to some of the most prominent landmarks, including the Burj Khalifa, Downtown Dubai has played a pivotal role in establishing Dubai as a global city. Downtown Dubai is a vibrant, exciting area with a lot to offer. It’s a great place for people who want to be in the centre of the action and close to everything. This is one of the city’s most exciting areas, offering a wide range of shopping, dining, and entertainment options.
Located in the heart of Dubai, fitted perfectly for business-centric, high-earning individuals who enjoy the city life and astounding views over the beautiful city. The upscale-inspired urban concept developed by Emaar provides its inhabitants with modern city living as well as amazing amenities and outstanding attractions. Downtown Dubai is home to the Dubai Mall, the world’s largest shopping mall, as well as the world’s tallest performing fountain system, ‘Dubai Fountain’, and needless to say, the world’s tallest building, the astonishing ‘Burj Khalifa’. Apartments in Downtown Dubai carry a modern or contemporary style along with numerous amenities such as a private pool, gym, sauna and steam room. All apartments are also equipped with modern-style kitchens and ensuite bedrooms, and high ceilings.
Located along Sheikh Zayed Road, Downtown is very well connected to all major destinations of Dubai. Developed by Master developer Emaar Properties, Dubai Downtown offers a collection of luxury apartments and penthouses. If you are someone who prefers a vibrant lifestyle, Downtown is the ultimate place for you. From luxury hotels to events all around the year, you will never feel bored in Downtown.
As one of the leading areas for tourists around the globe and the home to many of Dubai’s most recognized attractions, the area has grown into a desired residential address. The apartments in Downtown Dubai offer various styles and configurations depending on your needs. There is everything from studio apartments to 4-bedroom units. However, upcoming (currently off-plan) buildings will also offer investors and future tenants the option of 5-bedroom flats. It is safe to say Downtown Dubai has it all, anything from the low-rise Middle Eastern souq-inspired apartment blocks in Old Town to the more contemporary skyscrapers.
From studios to penthouses, Downtown Dubai offers a collection of luxury apartments for sale. The average cost of a studio for sale Downtown is AED 933k, while 1-bedroom apartments may cost around AED 1.4M. Similarly, 2-bedroom apartments in Downtown Dubai cost on average AED 2.4M, while 3-bedroom apartments cost on average AED 4.1M. It costs roughly AED 13M to purchase 4-bedroom apartments Downtown with 5 to 6 baths and a separate driver’s room. In addition, several new and off-plan developments are expected to offer exquisite 5-bedroom apartments with an expected asking price of AED 36M. Apartments in Downtown Dubai are in great demand and have been for over a decade.
Due to Downtown Dubai’s convenient location, both urban infrastructure and entertainment are accessible on foot, attracting foreign investment. Additionally, you can purchase complete ownership of real estate here. According to international standards, Downtown Dubai has some of the most valuable real estate and land and is still actively developing. Despite the high costs, people outside the UAE constantly purchase properties. This is because the UAE has designated Downtown Dubai as a freehold region, where the buyer wholly owns the property.
It is important to note that Downtown provides choices for full-property purchases, with rental yields typically beginning at 5.4 per cent. You can select the ideal property with the aid of our experts. The region is of significant appeal to investors because of its strategic location, well-developed infrastructure, and constant stream of tourists, guaranteeing a high demand for short-term rental accommodation. Additionally, Downtown Dubai has a significant amount of offices, ensuring that foreign workers would need apartment rentals.
Due to the fact that studio flats are the favoured kind of housing for young ex-pats, the area’s greatest ROI of 5.9%* was recorded at the end of 2020. One-bedroom apartments often have an ROI of 5.1%*, two and four-bedroom apartments generally have an ROI of 4.7%*, and three-bedroom apartments frequently have an ROI of 4.3%*. The ROI might be substantially higher, up to 10% annually for individuals who rent out short-term properties to tourists. Hotel apartments might be an excellent choice for an investor in this situation.
*The ROI is Subject to Change as Per Market Fluctuations.
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Downtown has an incredibly convenient location; both urban infrastructure and entertainment are accessible on foot, attracting foreign investment. Additionally, you can purchase complete ownership of real estate here. Despite the high costs, people outside the UAE constantly purchase properties. This is due to the fact that the UAE has designated Downtown Dubai as a freehold region, where the buyer fully owns property.
Downtown Duba has all types of public transport such as the bus, metro, tram and the popular taxi service. The Burj Khalifa / Dubai Mall Metro Station, which is on the red metro line, is situated on the district’s edge. The Dubai Mall can be reached straight from the metro station via an air-conditioned covered walkway. The bridge is somewhat longer than 2,624 feet, but you don’t have to walk across it to get to the famous shopping district; instead, there is a horizontal escalator. Buses No. 27, 28, 29, 50, 81, F 13, and X22 stop at The Dubai Mall (DM1), which is the bus station closest to the mall, on their way to Downtown Dubai.