Apartments for sale in Downtown Dubai, UAE
Downtown Dubai is a mixed-use high-rise community in the very heart of Dubai that attracts visitors worldwide. This is the emirate’s business and tourist centre with signature landmarks, e.g., the Dubai Opera, interactive dancing fountains, an artificial lake, the world’s tallest skyscraper – Burj Khalifa, the world’s largest Dubai Mall, numerous restaurants, and entertainment venues. The district’s opulent apartments make it one of the best in Dubai for purchasing and renting this type of property.
Buying an apartment in Downtown Dubai
Downtown Dubai offers high-quality apartments of diverse designs and configurations, from studios to spacious four-bedroom apartments. The new projects also feature five-bedroom apartments. The community includes a collection of elegant penthouses.
Developed by Emaar Properties, Downtown Dubai is a buzzing city district accommodating everything the residents might need, from swimming pools and ultra-modern gyms to cafés, shops, offices, and business centres within walking distance.
The community’s most popular buildings include:
- The Burj Khalifa.
- The Address Residence Fountain Views.
- The Burj Al Nujoom.
- The Address Sky View Towers.
- The Residences;
- And others.
Apartments in Downtown Dubai: prices
Downtown Dubai is considered to be an upscale district. A small studio here can be rented for AED 53,000 (USD 14,500) per annum and sold for AED 933,000 (USD 254,000). One to four-bedroom apartments cost as follows:
| Number of bedrooms | Rent, AED/USD | Purchase, AED/USD |
|---|---|---|
| One | 77,000/21,000 | 1.4 million/381,000 |
| Two | 122,000/33,000 | 2.4 million /563,500 |
| Three | 196,000/53,500 | 4.1 million /1.1 million |
| Four | 506,000/138,000 | 14 million /3.8 million |
The five-bedroom upscale apartments in Downtown Dubai can be leased for AED 712,000 (USD 194,000) per year or purchased for AED 36.6 million (9.9 million).
Apartment investment in Downtown Dubai
Buying apartments in Downtown Dubai, United Arab Emirates is a reliable and lucrative way to protect and grow your capital, as prices of property in Dubai continually increase. The average return on investment for rental homes in this prestigious community reaches 6.2% per annum.
Another option is purchasing an off-plan apartment in Downtown Dubai and selling it once the construction work is completed, and the property price rises. This can generate a profit of up to 20%.
Selecting and buying real estate in Dubai
Are you planning to purchase apartments in the UAE to relocate for permanent residence or to own a high-yield asset? Professionals from the real estate agency in Dubai, AX CAPITAL, will help you in any situation. Our team will select the best option to meet all your requirements to the tee, provide a detailed consultation, and document the transaction. Please contact us via the callback request form on the website or in any other manner, so we can help you to make your dream of owning a home in Dubai come true!