Apartments for sale in Downtown Dubai
Being developed since 1997, Downtown Dubai remains one of the most popular communities in the emirate among both holidaymakers and those who choose a place to move to permanent residence. The central area of the metropolis is known for its plentiful attractions including the legendary Burj Khalifa, dancing fountains and the largest shopping center Dubai Mall. Property in Downtown Dubai is represented by modern residential complexes, where you can find apartments of various sizes. The area is actively developing and remains a recreation center. The development from the leading developer Emaar Properties meets the highest requirements for comfort. Apartments in Downtown Dubai have magnificent views of the Dubai Canal or dancing fountains. Properties are available in a wide price range. The cost of apartments in Downtown Dubai starts from USD 250,000. For this amount you can buy a studio apartment as an investment. The price of exclusive apartments reaches USD 10,000,000.
The area has an advantageous territorial location in close proximity to the largest highway in Dubai - Sheikh Zayed Road. You can also use your own transport or metro line. The station can be reached by a special air-conditioned path, which is located next to the shopping mall. The community borders on another major area of the emirate - Business Bay. The latter is considered the business center of the country, however, many businesspersons prefer to live in the center of Dubai. The lifestyle in the area is suitable for a wide audience. Young professionals will appreciate the area's vibrant night life. Fans of cultural events will be pleased with the number of exhibitions, festivals and other events held in the area. Tourists and residents with children can enjoy many entertainment centers, equipped playgrounds, kindergartens and schools.
Apartments in the center of Dubai
Studio apartments remain the most popular property units for buying as an investment. They are spacious enough to meet the needs of one or a couple of people in a comfortable stay. Flats in Downtown Dubai differ not only in size and number of bedrooms. Each residential complex has an original architectural design. It can be both modern skyscrapers and mid-rise buildings in the style of an old eastern city. There are other no less interesting projects. For example, the Address Boulevard tower was created in the postmodern style. Connoisseurs of ultra-modern luxury can buy duplex and penthouse flats in Downtown Dubai.
Among its advantages are:
- Developed infrastructure and transport accessibility. There are many premium hotels in the community, which allows you to get acquainted with the features of the area during your visit to the country before buying a property;
- A large number of stores and delivery services;
- Proximity to public beaches. The area is not located on the coastline, but with the help of numerous specially designed underground tunnels, you can reach the sea in 15-20 minutes;
- The international airport is a quarter of an hour away.
It is also worth noting the affordable prices for apartments in Downtown Dubai. When purchasing a studio worth $204,000, the owner can automatically apply for a three-year residence permit. If you buy an apartment in Downtown Dubai with a residence permit that costs more than USD 545,000, you can count on a visa that allows you to stay in the country for 10 years.
Investment apartments in Downtown Dubai
Investment in apartments in Downtown Dubai is a cost-effective solution. Beginning in 2020, the metropolitan area has seen annual value capitalization. This allows us to consider investments in the housing stock both in the form of a short-term and long-term strategy. It is most profitable to invest in properties under construction which by the time they are commissioned will cost several tens of percent more. Another option is a long-term strategy that allows investing in apartments that will be rented out. They ensure high ROIs:
- up to 5.9% for studio apartments;
- 5.1% for apartments with one bedroom;
- 4.7% for two-bedroom dwellings.
Apartments in Downtown Dubai for investment and living with three and four bedrooms can bring from renting 4.3% and 4.7% respectively. It is worth considering that there are no taxes on personal income in the UAE and the homeowner receives a net profit. Property management can be carried out remotely. Many agencies offer a similar service and search for tenants on their own so that property owners do not have to stay in Dubai.
We will help you buy an apartment in Downtown Dubai
In our property database, you can find housing listings from developers and owners. English-speaking real estate specialists will help you find highly liquid and profitable housing options. All listings include up-to-date information. You can check real-time prices in dollars and euros, as well as choose real estate by the sea in Dubai, the United Arab Emirates or in other areas of the emirate. Check out the best offers today.