The Lofts, Downtown Dubai

HIGHLIGHTS

• Parking
• Gym
• Floor plans
• Renting property
• Buying property
• ROI
• Service charges
• Getting around
• Restaurants nearby

About The Lofts, Downtown Dubai

The Lofts, Downtown Dubai is a high-rise complexof 3 buildings – The Lofts East, The Lofts West, and The Lofts Central Tower. East and West Tower have 36 floors and 174 apartments each while the Central Tower is a 32-storey building with 149 units. The project was launched in 2005 and the handover of studios, 1-bed and 2-bed apartments began in 2009. At the podium level, there’s an air-conditioned shopping arcade that is accessible from each tower via respective lobbies. You will also find a few 3-bed units in The Lofts Podium. 

Downtown Dubai has made its mark in the Dubai real estate market. Among the various residential and commercial towers in the district, The Lofts is a mixed-use project by Emaar Properties. The complex is centrally located in Downtown Dubai.

Located in the heart of Dubai, The Lofts is in proximity to Burj Dubai Square and Dubai Financial District. Famous leisure destinations are also easily accessible. Residents can enjoy the views of Souk Al Bahar, Burj Park and Dubai Fountain from the apartments.

IN A NUTSHELL

• Type of building: Residential complex 
• Location: Downtown Dubai
• Developer: Emaar Properties
• Date of completion: 2009
• Number of floors: Both East and West Tower have 36 floors, Central Tower has 32 floors
• Number of units:  497
• Unit type: Studio, 1 and 2-bedroom apartments 
• Type of Ownership: Freehold
• Amenities: Gym, open-air swimming pools, manicured gardens, cafeteria, pharmacy, restaurants and private courtyards

BUILDING DETAILS

Facilities in The Lofts, Downtown Dubai

The Lofts Downtown Dubai takes modern living to a whole new level. The residential complex comprises 3 high-rises – The Lofts East, The Lofts West and The Lofts Central Tower.

Parking

Reserved parking in The Lofts is available for residents. Each apartment gets at least one parking spot in the basement.

Elevators

Multiple high-speed elevators in all of the three buildings have a backup electricity system.

Security, Central Air-Conditioning and Maintenance Services 

There is round-the-clock security backed by a CCTV surveillance system. Moreover, only residents can access their suites via the key card security system. Each apartment has free broadband internet facility and satellite TV cable.

Professional laundry service can also be availed if you sign up for it. Also, one can communicate with the reception or lobby via intercom.

Event Space

There is a business centre in The Lofts Emaar Downtown Dubai that serves as a venue for corporate gatherings.

Gym and Fitness Facilities 

Developers guarantee to provide a healthy lifestyle. Apart from outdoor lawns, there is a health club and an equipped gym in The Lofts, Dubai. Residents can apply for a membership to access the various facilities. Further, there is a large deck with an outdoor pool.

Lifestyle Amenities

A multipurpose room in the building serves as an indoor game area. Also, residents can practice in the squash court. Kids can also play in the dedicated play area.

Concierge and Guest Services 

Lobbies in the buildings lead to a central podium and the reception counter. The counter has a 24-hour front desk help and concierge service is available for guests and residents.

The Lofts Floor Plans

Bayut has worked on creating simple 2D and 3D formats for floor plans. You can view any type of unit in each building by browsing floor plans for The Lofts on the website.

Apartment Types in The Lofts, Downtown Dubai

There are 497 ready apartments in the complex, including studio, 1 and 2-bedroom units. Each floor has only six apartments so residents can enjoy privacy. Moreover, all apartments have a balcony. These units are ready to move in and have complete fixtures including lamps, lights, tiled flooring, marble countertops and floor-to-ceiling windows with chalk-white rims. Also, some units are fully furnished.

East and West Tower in The Lofts have 36 floors and 174 apartments each. The third building, the Central Tower, is a 32-storey high-rise featuring 149 units.

You can find a few 3-bedroom units in The Lofts Podium.

Studio Apartments in The Lofts Downtown

Studio flats in The Lofts, Dubai usually have a covered area of 650 sq. ft. With clean and delicate interiors, studios boast a stylish outlook. The living hall has large windows and a sliding door towards the balcony.

There are around 6 different floor plans for studios in The Lofts, Downtown. Covered space is enough to adjust a king-size bed, couch and other furniture. The kitchen and en-suite bathroom are well-fitted. Most importantly, high-quality appliances are already installed in most units.

1-Bedroom Apartments in The Lofts Dubai

1-bedroom flats in The Lofts, Downtown may span from 745 sq. ft. to 958 sq. ft. You will find a bedroom beside a living hall, kitchen, balcony and an en-suite bathroom. Some flats may have a guest bathroom as well. 

Moreover, kitchens in these apartments have ample storage space and a separate laundry area. These are furnished with marble countertops and wooden cabinets.

2-Bedroom Apartments in The Lofts

2-bedroom flats in The Lofts Dubai are usually available in the Central and East wings. Ranging from 1,280 sq. ft. to 1,350 sq. ft. these units feature two bedrooms and a balcony where you can easily adjust a coffee table. Other important features are built-in wardrobes and high-quality fittings in the bathrooms and the kitchen.

Most Popular Apartment Types in The Lofts

1-bedroom apartments are the most popular bed types in The Lofts Dubai. 2-bedroom and studio flats get the second and third spot, respectively. Rounding up the most popular apartment list are 3-bed and 4-bed apartments.

Rental Trends in The Lofts Downtown Dubai

Downtown Dubai apartments for rent are quite popular. You can consider apartments for rent in The Lofts if moving to the bustling district is your goal. 

• You can rent a studio apartment in the Lofts between AED 63k and AED 90k per year.
• 1-bedroom apartments for rent in The Lofts Downtown are available for AED 70k to AED 290k. 
• You will need at least AED 120k to AED 360k for 2-bedroom flats for rent in The Lofts.

Annual rental payments can be made via post-dated cheques. The number of cheques can be decided between the tenant and the landlord.

Sales Trends in The Lofts Downtown Dubai

Residential units in The Lofts Emaar Downtown Dubai are priced slightly higher compared to other apartments for sale in Downtown Dubai. 

• Studio flats for sale in The Lofts are available between AED 850k and AED 900k
• The prices of 1-bedroom apartments for sale in The Lofts start from AED 1.01M
• The prices of 2-bedroom apartments for sale in The Lofts start from AED 1.75M to AED 3.9M
• You are expected to fork out at least AED 3.25M to buy a 3 BHK flat in The Lofts Downtown

While prices fall on the higher spectrum, investing in apartments in The Lofts is still worth it because of the property value and prime location.

Rental Yield in The Lofts

1-bedroom apartments in The Lofts Downtown have the highest ROI at 6.11%. This is followed by 2-bed flats with 5.47% ROI.

Service Charges in The Lofts Downtown Dubai

GENERAL FUNDS	PRICE PER SQ. FT. IN AED
GENERAL FUNDS Services General upkeep of the building	PRICE PER SQ. FT. IN AED 2.66
GENERAL FUNDS Maintenance General repairs and replacements	PRICE PER SQ. FT. IN AED 2.88
GENERAL FUNDS Improvement Charge for the improvement or replacement of services or facilities provided	PRICE PER SQ. FT. IN AED 0.15
GENERAL FUNDS Utilities Services Charges for using DEWA/district cooling facilities and meters	PRICE PER SQ. FT. IN AED 4.83
GENERAL FUNDS Management Services Owner’s association charges for managing the property	PRICE PER SQ. FT. IN AED 1.36
GENERAL FUNDS Insurance Charge for the insurance of the building	PRICE PER SQ. FT. IN AED 0.68
GENERAL FUNDS Master Community Fees for communal facilities in the neighbourhood	PRICE PER SQ. FT. IN AED 1.62
GENERAL FUNDS Reserved Fund Funds used for major repairs and to help maintain the yearly service charges fees	PRICE PER SQ. FT. IN AED 0.50
GENERAL FUNDS Total	PRICE PER SQ. FT. IN AED 14.68

These are the service charges for The Lofts* as per the Dubai Land Department. Bayut has created a complete service charges index. You can easily get the details if you’re interested in buying a property.

*Please note that these service charges are subject to change.

NEARBY AMENITIES

Transportation near The Lofts

The Lofts is well-connected to the public transport system in Dubai.

Bus Stations near The Lofts

Dubai Mall Landside Metro Bus Stop is the nearest, at a 5-minute drive away.

Metro Stations near The Lofts Downtown Dubai

Burj Khalifa/ Dubai Mall Metro station is a 4-minute drive away. It is served by the Red Line of Dubai Metro. 

Restaurants near The Lofts

There are loads of options for food lovers from local eateries to elite fine dining restaurants. If you’re a fan of fine dining restaurants in Downtown Dubai which offer magnificent views, you can go to At.Mosphere on the 122nd floor of Burj Khalifa. You will also find a bar corner here. 

Popular restaurants near The Lofts Downtown Dubai are:

• Bombay Brasserie
• Wakame Dubai
• Texas Roadhouse

If you’re looking for some friendly cafes, you have the following options close-by:

• Tea Room Cafe
• The Kana Cafe
• Brews Cafe

Dubai Mall also has some options including The Cheesecake Factory. If you want ice-creams and shakes, Baskin Robbins is right next to the complex.

Supermarkets near The Lofts

You will find plenty of supermarkets near The Lofts including Zoom and Spinneys. There is Waitrose in Dubai Mall and Carrefour in Burj View Towers. Other marts close-by include:

• Al Maya Supermarket – 4 minutes away in Clover Bay Towers
• Spinneys – 4 minutes away in Bay Avenue

The podium level in The Lofts Downtown Dubai also has some retail spaces. Residents have access to the private courtyard and manicured gardens along with a cafeteria, pharmacy, and shops.

Schools near The Lofts

The following ‘Very Good’ to ‘Outstanding’ rated schools are on 9 to 12-minute drive from The Lofts Emaar Downtown Dubai.

• JSS Private School
• Horizon English School
• Jumeira Baccalaureate School

JSS Private School is one of the leading Indian schools in Dubai that is trusted by the Indian community. The school has a sister campus in Jumeirah Village Circle as well.

Named in the top British Schools in Dubai list, Horizon English School is a part of the British School Middle East (BSME) network. HES offers the British Curriculum from FS 1 to Year 6.

Jumeira Baccalaureate School is a IB curriculum school offering grades from Pre-KG to Grade 12. A project by Taleem, JBS’s excellent education system, facilities and extracurricular activities have made the school reach best IB schools in Dubai list.

NEARBY BUILDINGS

• Standpoint Tower A
• Standpoint Tower B
• Burj Vista
• Burj Khalifa

The Lofts enjoys a central location in Downtown Dubai, close to Burj Khalifa. It stands next to Burj Vista, another quality, luxury project by Emaar Properties. There are a few more mixed-use projects nearby like The Residences and Standpoint Tower A and B.

Major Landmarks

The Lofts is located at the central point of Downtown Dubai; therefore, it is easy to locate. There are many landmarks close-by including 

• Burj Khalifa
• Dubai Fountain
• Burj Park

Burj Khalifa is at a distance of 450m. Dubai Fountain is 7 minutes away and Burj Park is accessible within 4 minutes. The Lofts, Downtown is also reachable from Dubai Opera and Dubai Mall.

Burj Park is another Downtown landmark that serves as an ideal leisure attraction. You can get unparalleled views of the Burj Khalifa and Dubai Fountain. Not to forget, there are plenty of fun things to do in Burj Park for people of all ages such as cycling around the area and enjoying a picnic. You can also be part of the much-anticipated events in Dubai including the pop-up market while witnessing the tallest building in the world in all its glory.

Social Community Groups

Existing or new residents who like to stay updated with upcoming events can join ‘The Lofts Community‘ Facebook page. The group is a private one and you would have to send a request to join it. However, once in, you can have community-related discussions with other residents.

THINGS TO CONSIDER

The facilities, living space and nearby amenities make apartments in The Lofts an ideal residential option. The only points to consider are high sales prices and rents. While living in Downtown Dubai can be expensive, the pros outweighs cons in form of access to major landmarks, attractive properties and easy access to public transport.

Are you looking to rent or buy apartments in The Lofts?

FAQs

Are pets allowed in The Lofts?

Yes, The Lofts is a pet-friendly complex.

Does the complex have a place to organise events?

Yes, there is a business centre in The Lofts where corporate events are arranged.