The Lofts, Downtown Dubai

HIGHLIGHTS

About The Lofts, Downtown Dubai

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.

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.

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

IN A NUTSHELL

BUILDING DETAILS

Facilities in The Lofts, Downtown Dubai

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 back-up 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 building 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 including studio, 1-bedroom 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.

Studio Apartments in The Lofts

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. Living hall has large windows and a sliding door towards the balcony.

There are around 6 different floor plans for studios in The Lofts. Covered space is enough to adjust a king-size bed, couch and other furniture. 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

1-bedroom flats in The Lofts, Downtown may span from 745 sq. ft. to 958 sq. ft. This space is enough to adjust a bedroom, 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 counter-tops and wooden cabinets.

2-Bedroom Apartments in The Lofts

2-bedroom flats 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 bathrooms and kitchen.

Most Popular Apartment Types in The Lofts

1-bedroom apartments are the most popular bed-type in the complex. 2-bedroom and 3-bedroom flats get the second and third spot, respectively.

Rental Trends in The Lofts, Downtown Dubai

Downtown Dubai apartments for rent cost around AED 45k or AED 50k while apartments for rent in The Lofts cost around AED 65k per annum. Similarly, 1 and 2 bedroom units in Downtown are available for AED 60k and AED 90k, respectively. On the contrary:

• You need around AED 85k for 1-bedroom apartments for rent
• You will need at least AED 120k for 2-bedroom flats in The Loft

Rents vary depending on the location and construction date. These apartments offer relatively more space and a larger covered area. Therefore, people find it okay to settle for a higher price. Annual rents are generally paid in 4 cheques. The number of cheques may vary from 2 to 6 so prospect tenants are advised to check the lease contract beforehand.

Sale Trends in The Lofts, Downtown Dubai

Residential units in the Loft are priced slightly higher compared to other apartments for sale in Downtown Dubai. 

• The prices of 1-bedroom apartments in The Lofts start from AED 1.1M
• The prices of 2-bedroom apartments for sale start from AED 1.6M

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

The lowest yield is recorded at 6.3% for 2-bedroom apartments and the highest ROI is 6.7% for 3-bedroom apartments. 1-bedroom apartments also closely follow at 6.6% and these are marked as the second-highest profitable units on the list.

NEARBY AMENITIES

Transportation near The Lofts

The Lofts, Downtown Dubai is well connected to the public transport system.

Metro Stations near The Lofts

Burj Khalifa/ Dubai Mall Metro station is within a short driving distance of about 4 minutes. Financial Centre Station and Business Bay Metro Station are also only 7 and 5 minutes away, respectively.

Bus Stations near The Lofts

One can find D03, D03A and F13 stops at the Dubai Mall MS. Also, Wasl Etisalat Bus Station is only 5 minutes away.

Travelling is also convenient for those who prefer personal cars over public transportation near The Lofts. Motorists find easy access to Sheikh Zayed Road that further paves the way for commute towards Business Bay, DIFC, Bur Dubai and other key commercial districts of Dubai.

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 Dubaiwhich 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 are:

• Bombay Brasserie
• Wakame Dubai
• Texas Redhouse
• Tche Tche

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 and Texas Roadhouse. Al Monis, Reem Al Bawadi, and Tche Tche are some local eateries. 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 Clever Bay Towers
• Spinneys - 4 minutes away in Bay Avenue

Podium-level also has some retail spaces. Residents have access to the private courtyard and manicured gardens along with a cafeteria, pharmacy, and shops.

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.

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.