Downtown Dubai is a place found in the epicentre of Dubai. It is attractive because it is close to numerous interests. The transportation links are well organised here, so getting from one place to another will be easy. The area is developing rapidly, so it is very well-known to tourists. There are, for example, the Dubai Mall, Burj Khalifa, and dancing fountains. This area has a lot of amusement for every taste, so buying properties in Downtown Dubai is very profitable.
Infrastructure
It is a large residential complex with an area of 1.5 km2. It is vigorously created, so some parts are still under construction. Real estate in Dubai is primarily represented by high-rise complexes. There are hotels as well as business centres.
In this area, there are new establishments of a premium class. For example, Burj Vista is a project with two towers. One of them has 65 floors, and the other has 20. There are apartments for sale in Dubai with different numbers of bedrooms. Their cost starts at USD 416,552.
Also, the Downtown Dubai area has a complex of 3 towers. It offers panoramas of the Dubai Fountain as well as the Burj Khalifa.
In this place, there are children’s institutions – schools and kindergartens. The most popular of them are Hummingbirds and Pinocchio. Walk from them from the city center only 5-6 minutes. A private school offers a well-thought-out educational program.
There are many medical facilities in the city center. For example, in Dubai Mall, there is a branch of Medclinic. There are many pharmacies, so buying medicines will be easy.
Sales Trends
If you consider becoming a homeowner in Downtown Dubai, you will be pleasantly surprised by the range of local properties. The average cost of a studio in the city center is AED 933 thousand, while a 1-bedroom apartment can cost around AED 1.4 million.
The purchase of a 2-bedroom flat will require about AED 2.4 million, and a 3-bedroom flat in the center of Dubai – AED 4.1 million. A flat in the city center with 4 bedrooms and 5-6 bathrooms, and a detached staff room, costs about AED 13 million. More importantly, many new and off-plan Dubai developments suggest luxury 5-bedroom flats that can cost as much as AED 36 million when completed. However, their initial cost is much lower.
Those interested in buying villas in Dubai have options from 2- to 5-bed properties.
The prices are:
- 2-bedroom – AED 3.03 million;
- 3-bedroom – AED 6.21 million;
- 4-bedroom – AED 8.07 million.
Economic Benefit
Downtown Dubai is a Freehold Zone. Foreigners can buy accommodation and own it without attracting a local sponsor-guarantor. At the end of spring 2022, the average ROI reached 5.42%.
Mostly youthful people who want to function in the country buy real estate here. It will also interest investors who wish to profit by reselling or renting out property.
Attractions
Various attractions in this area will undoubtedly interest tourists. We are talking about the Dubai Opera, designed for 2000 seats. You can watch ballet, listen to opera, and visit exhibitions and conferences here.
The old city will surprise you with the authentic Souq al-Bahar bazaar. Here you can feel the Arabic culture.
The Dubai Fountain is a popular tourist attraction. The fountain is capable of throwing water splashes up to 15 m high. It is equipped with lasers, colour projects, and numerous lamps, providing a mesmerising spectacle.
Burj Khalifa is regarded as the tallest construction in the world. It reaches a height of 828 m. Dubai Mall is considered one of the biggest shopping centers on the planet. There are over 1000 stores and restaurants here. The shopping center has a lot of entertainment, including an aquarium and a cinema. Tourists will be interested in Dubai Mall.
Featured Properties For Sale
Among ready-made real estate, the most famous establishment in the emirate, the Burj Khalifa skyscraper, is in special need among investors. In addition to the amazing views that open from the residences, all kinds of amenities are available to residents of the highest tower in the world: pools, sauna and jacuzzi, 24-hour porter assistance, laundry, central air conditioning system, kids’ garden, cafe, underground parking. All flats and penthouses feature contemporary interiors: Burj Khalifa residencies have rigid bases, built-in wardrobes, and completely furnished kitchens.
Usually, foreign investors prefer off-plan projects in Dubai. Among the most popular are Downtown Views II and IL Primo.
IL Primo is a project by Emaar located in the Opera District. This is a 77-story building that presents amenity 4-6 bedroom flats and penthouses on the top floors for sale. You can also buy an entire floor in a skyscraper. Apartments with ample patios and panoramic windows are provided with an intelligent home system and audio tools integrated with dancing fountains.
Downtown Views II has 3 multi-storey buildings. The structures suggest luxury flats for sale with 1-4 bedrooms, penthouses, and full floors. Contemporary residencies with floor-to-ceiling windows that let in realistic light offer views of the Burj Khalifa, the singing fountains, and the city’s skyline.
Property For Sale In Dubai
You can discover thorough info about locations, real estate, and costs on the website https://www.axcapital.ae/. The organisation’s experts will pick the best alternative for living and assets per your preferences.
