Downtown Dubai, Dubai
Downtown Dubai is a vibrant and lively area with great real estate options and beautiful skyscraper views
The heart of the emirate has a vibrant cultural life, excellent shopping opportunities, and premium real estate among the iconic attractions
Downtown is a prestigious district that has become a symbol of the modern metropolis. This area is home to the main city attractions, including the famous skyscraper of Burj Khalifa, Dubai Mall, the world’s largest shopping complex, and world-class restaurants. The area’s convenient location along Sheikh Zayed Road allows you to quickly get to business and cultural centers and Dubai International Airport. The housing mainly includes townhouses and premium apartments. The district is the standard of luxury living and promising investments in the heart of Dubai.
Projects in Downtown Dubai, Dubai
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About district Downtown Dubai
- Description
- Infrastructure
- Price Analysis
The Downtown Dubai area has a variety of properties to suit different tastes, ranging from more affordable studios and one-bedroom apartments to luxurious properties with high levels of comfort and exclusive amenities. Given the rising prices and high rental income, investing in Downtown real estate promises a passive income of 10% from short-term rent and 20% from housing resale.
The infrastructure of the district fully meets the needs of residents. The area includes large shopping and entertainment complexes, the main road networks, and several metro stations. The district also has modern medical institutions, including the Mediclinic Medical Center. Moreover, the Emirates Hospital Clinics are a five-minute drive away. Families with kids get access to high-quality educational institutions, such as kindergartens and private schools.
Real estate prices in Downtown vary depending on the type of housing. You can buy small studios for $254,000. Four-bedroom apartments start at $3.5 million, and luxury villas – at $19.9 million. The average rental cost of studios is about $14,500 per year, and apartments with one to four bedrooms are available for rent from $20,000. Given the rising prices and high rental income, investing in Downtown real estate promises a passive income of 10% from short-term rent and 20% from housing resale.
Enjoy the exceptional benefits of Downtown Dubai
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Key Benefits of Owning Property in Downtown
The status of a freehold zone determines the area’s investment attractiveness, allowing foreigners to acquire real estate.
The main advantages of the area:
- optimal prices for luxury housing (from $254,000);
- high rental income and growth in the value of properties;
- no taxation and government support.
The tourist flow and developed infrastructure provide high profitability from rental properties in Downtown and create favorable conditions for investment.
Types of Housing: Apartments, Villas, and Townhouses
The real estate market offers a wide range of premium properties, from compact studios to spacious Downtown apartments for sale. So, there are over 100 buildings in this area. Prices vary depending on the type of property. Small studios start at $254,000, while 4-bedroom apartments – at $3.5 million. Downtown villas cost $19.9 million and more.
The Reason for Buying a Property in Downtown Dubai
Downtown is perfect for those who dream of buying a residential property near Dubai Mall or a Burj Khalifa view apartment. The area is home to the Dubai Mall shopping and entertainment complex, with an area of 1.2 km², which includes the Mediclinic Medical Center. Besides, the Emirates Hospital Clinics are a 5-minute drive away.
The district offers many educational institutions for families with children. The area has kindergartens, private schools, and two student campuses.
How to Invest in Downtown Real Estate
The area’s developer has implemented many unique projects with a total value of more than $20 billion. There are currently around 30,000 properties for sale, from penthouses to luxury residences.
The key benefits of investing in Downtown real estate:
- passive income from short-term rent – from 10% per annum;
- buying Downtown off-plan properties can bring up to 20% profit.
Investing in Downtown real estate is a reliable way to preserve and raise your money. Would you like to buy real estate in this area? Feel free to contact the specialists of the Mira Estate agency. We will provide professional support at all stages of the transaction.
What might interest you
- What Types of Properties Are Available in Downtown?
The district is home to vital cultural and business attractions, which makes it an ideal place to live and invest. There are various types of properties for sale: studios, 1-5 bedroom apartments, penthouses, villas, and townhouses. There are about 30,000 properties for sale, from penthouses with panoramic views of the Burj Khalifa to cozy apartments in stylish complexes of Old Town Dubai.
- What Are the Advantages of Investing in this Area?
The total investment in the area exceeds $20 billion, and there are about 30,000 properties available on the market. High profitability (about 10% per annum from short-term rent), potential for capital growth (about 20% on resale), and attractive conditions for foreigners (full ownership) make Downtown one of the most profitable real estate markets in the world.
- What Are the Infrastructure Facilities of Downtown Dubai?
Dubai Mall has a modern medical center, Mediclinic, with an area of 6.5 thousand square meters. The Emirates Hospital Clinics is a five-minute drive away. There is a network of pharmacies in the area. Families with children have access to educational institutions for children of all ages. The neighborhood includes Dubai Mall, Burj Park, the Burj Khalifa, musical fountains, Dubai Opera, and numerous restaurants, cafes, and shops.