Located in the centre of Dubai, Downtown is one of the most sought-after areas in the city. This neighbourhood attracts individuals, professionals, and families looking for a central address. Also, the area is in proximity to Burj Khalifa and the Dubai Mall.
The neighbourhood has all the amenities and facilities. From restaurants to malls and clinics to schools, you can get easy access to everything.
For investors, Downtown is one of the best places to buy an apartment for sale in Dubai. It offers a rental yield of around 5.5% per annum. Moreover, the community attracts lots of tourists, which opens the opportunity to rent out property as a short-term rental, multiplying your returns.
According to the DLD transactions in the past year, here are the average prices of apartments sold in Downtown Dubai:
Apartments | Price | Rental Return |
Studio | AED 1.7M | 6.2% |
1-Bed | AED 2.5M | 5.3% |
2-Bed | AED 4.5M | 5.2% |
3-Bed | AED 8.2M | 5.0% |
Downtown Dubai is home to some of the tallest buildings in the world, such as Burj Khalifa. The neighbourhood has luxurious apartments and penthouses. Although rare, Downtown Dubai has some villas in Old Town.
Apartments
Penthouses
Villas
Life in Downtown Dubai is full of luxuries. High-rise apartments, an opulent lifestyle, and year-round events near the Burj Khalifa, the Dubai Fountain, and the Dubai Mall contribute to the popularity of this neighbourhood. In short, it is a prime location, ideal for everyone.
It is a freehold area, and foreigners can easily buy various types of property, like apartments, penthouses, and villas in Downtown Dubai.
Downtown Dubai has a prime location, with proximity to business districts such as Business Bay. Also, the area is well-connected to other neighbourhoods in Dubai via public buses and the metro.
Most buildings come with a pool, gym, and covered parking. Also, you can find restaurants, hotels, hospitals, clinics, and schools within and near the neighbourhood.
Downtown Dubai is developed by one of the best developers in Dubai, Emaar, well-known for quality construction.
High tenant demand results in stable rental returns with an average yield of 5.5% in the last year. Good capital gains with apartment prices rising by 4% in the last year, as per DLD yearly transactions.
If you are looking to buy an apartment in Downtown Dubai, here are some of the best buildings:
Burj Khalifa
Burj Vista
Forte
Opera Grand, Emaar
Address Downtown
Kempinski The Boulevard
Burj Royale
Fairmont Residences
Vida Residences Downtown
The Lofts
The Residences
Burj Views
Emaar is the main developer of Downtown Dubai. It is reputable for its quality construction and on-time project handovers.
Yes, buying a property in Downtown Dubai is a good investment. The neighbourhood is well-developed. Also, it offers all the amenities and facilities that enhance the opulent lifestyle. Moreover, Downtown Dubai offers a stable rental return of 5.5% per annum. You can also buy off-plan properties in Downtown Dubai that offer more capital gains once completed.
Yes, Downtown Dubai is one of the finest communities. It offers exclusive connectivity to other parts of Dubai via buses and the metro. Also, the neighbourhood has hospitals and clinics within walking distance. However, schools and nurseries are in the nearby communities.
Downtown Dubai’s central location is ideal for families. The community is walkable and safe, with events happening year-round. However, Downtown Dubai is quite busy during the weekends and events, which can be a con.
Yes, you can find some off-plan projects in Downtown Dubai. The following are some of the top off-plan projects in Downtown:
Mercedes-Benz Places by Binghatti
W Residences
Volta
Society House
The St. Regis The Residences
Binghatti Skyblade
One Residence
City Centre Residences
Enter your email address to get the latest property notifications.
Multiple selected
