Apartments and flats in Downtown Dubai (Downtown Burj Dubai)

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Apartments for sale in Downtown Dubai

Downtown Dubai is one of the most fashionable and desirable communities for buying a property in Dubai. Located in the heart of the city, it embodies a dynamic, luxurious and modern lifestyle. This district is home to various sights of interest such as the world's tallest Burj Khalifa skyscraper, the famous Dubai Mall, and the grand Dubai Opera. The area is well-known for its unique architecture, gorgeous city views, Dubai Fountain, and convenient location. It is connected to other important commercial and residential areas. It is located along the Sheikh Zayed Highway (E11), passing through the Al Wasl district, and borders Business Bay. Furthermore, it is an active and lively community attracting a lot of people from everywhere. There are gourmet restaurants, numerous shops, and entertainment venues making this community a sought-after place to live and relax comfortably. Moreover, this locality is home to various amenities and important infrastructure such as schools, hospitals, and sports clubs.

There are diverse types of apartments and flats for sale in Downtown Dubai, UAE. The community offers a wide selection of studios or one-bedroom residences for young people or couples, and spacious family apartments in Downtown Dubai for lovers of large living space. These residential complexes can provide residents with various overseas properties — from ordinary flats to exclusive penthouses with stunning city views and premium infrastructure, including infinity pools, spas, gyms, and commercial floors with stores and shopping pavilions.

Prices

The cost of apartments in Downtown Dubai can vary significantly depending on the size of the residential property, the number of bedrooms, various amenities in the complex, location, and other factors.

Prices for studios in the city centre start from AED 490,000 to AED 2.3 million. If you are looking for one- or two-bedroom apartments in Dubai, you can find them at an initial price of AED 630,000 and AED 920,000, respectively. Apartment rentals start from AED 48,000 per year and reach AED 900,000. You can rent a cosy studio from AED 48,000 to AED 145,000 per year. One-bedroom apartment prices in Downtown Dubai for rent costs from AED 60,000 to AED 240,000. Two-bedroom residences are put up for sale for AED 80,000–490,000.

Apartments in Downtown Dubai for investments

Flats in Downtown Dubai for investments are extremely popular with investors for the following reasons:

  • Central location. The area is a 10-15 minute drive from the Burj Khalifa and Dubai Fountain.
  • Excellent infrastructure. The community is famous for its diverse high-class infrastructure. The district is home to premium hotels, shopping malls, fine restaurants, and entertainment venues. In addition, the complex offers many opportunities for an active lifestyle, including parks and sports complexes.
  • High rental demand. The prestigious status of the area and its convenient location make local residences popular with expats, foreigners, and tenants. This is the second most sought-after residential rental area after Dubai Marina. Investment flats in Downtown Dubai can generate a stable rental income.

The highest return on investment (ROI) in studios is 5.9%. One-bedroom flats have an ROI of 5.1%. Two- and four-bedroom residences generate a rental income of 4.7%. Three- and five-bedroom apartments have a yield of 4.3% and 4.1%, respectively. Villas in Dubai in this area also show a high ROI.

Before buying apartments in Downtown Dubai, you should thoroughly study the local real estate market. Check out the current housing prices in dollars and euros and mortgage rates. You should also get acquainted with the area’s development and potential factors that may affect property prices in the future.

If you are not well versed in the emirate’s real estate market or have no investment experience, you should turn to professionals. They will help you choose a suitable flat from developers and agencies, negotiate with sellers, and prepare all the necessary documents.

If you have an excellent opportunity to buy a flat in Downtown Dubai, you can focus on an off-plan apartment. This may be a more profitable option, as property prices rise as the project is completed. In addition, purchasing an off-plan residence can give you more freedom in choosing the layout and design of the apartment.

It is profitable to buy an apartment in Downtown Dubai

Flats in Downtown Dubai are a great investment opportunity for businessmen. Highly liquid and profitable housing here can provide you with a stable passive income and capital growth. Investing in overseas properties is a pleasant and exciting, but serious step. It is better for you to make the right decision only after a detailed consultation with experts. Write to our licenced brokers right away and get useful information about purchasing apartments in the United Arab Emirates directly from developers.