Even though Downtown Dubai is not geographically the city’s centre, it is still its epicentre - a glitzy, state-of-the-art community that the entire emirate orbits around. Like the major business district in East London, Canary Wharf, Downtown Dubai is also famous for its financial sector and thousands of high-net-worth individuals who live there. Buying an apartment in Downtown Dubai is a smart choice for any investor due to the community’s world-famous projects, such as Burj Khalifa, Dubai Mall, Dubai Opera and Souk Al Bahar – all of which keep the value of apartments there in the domain of luxury assets.
Accessibility and Commute Times to/from Downtown Dubai - Downtown Dubai is a well-connected community, lying between two major Dubai roads, Sheikh Zayed Road (SZR) and Al Khail Road. To buy an apartment in Downtown Dubai would be a smart investment for anyone who works there or the nearby business hubs, such as Business Bay, World Trade Centre, DIFC or Bur Dubai. Furthermore, members of this prestigious community do not require much more than 20 minutes to reach most other areas, including the two of the most luxurious new villa communities right now, Mohammed Bin Rashid City (MBR) and The Villa community. Investors and homebuyers who travel a lot should note that Dubai International Airport is only 15-minutes away.
Apartments in Downtown Dubai - Apartments for sale in Downtown Dubai far outnumber the villas. Thus, there is an extraordinary range of units available to suit everyone’s needs. There are studio apartments for sale for singletons, as well as 1-bedrooms, 2-bedrooms, 3-bedrooms, and larger. The most expensive apartments, of course, are the ones in Burj Khalifa itself - the city’s most expensive address. When it comes to choices of buildings, most residents appreciate the towers being well-spaced allowing for plenty of natural light. Unlike some high-rise areas of Dubai, Downtown Dubai does not suffer from buildings being “packed in”.
Potential for Return on Investment in Downtown Dubai - Downtown Dubai is one of Dubai’s freehold areas, and that means foreign investors are allowed full apartment ownership. In addition to that, the area is well-known for high occupancy rate, which reaffirms Downtown Dubai’s excellent potential for buy-to-let investments. Moreover, since the community is very expat and tourist-friendly, apartments in Downtown Dubai are known for yielding high rental returns. The average ROI is often between 7-9%, although certain flats are known to achieve as high as 10% return on investment.
Lifestyle and Community in Downtown Dubai - The world’s tallest building, the Burj Khalifa, is the crowning jewel of not just Downtown but the emirate itself, On its own, the world-famous piece of architecture makes Downtown one of the most prestigious communities in the Middle East. Further adding to its exclusiveness is the Burj Khalifa-adjacent Dubai Mall, which is the world’s largest shopping destination. Further contributing to the value of property in Downtown Dubai is the world’s largest fountain, the Dubai Fountain, the Souk Al Bahar and, the youngest in the group, Dubai Opera. The demographic of Downtown Dubai comprises individuals with the highest disposable income, as well senior-level Western professionals and an eclectic mix of expats. Regardless of who the residents are or whey they come from, everyone enjoys the plethora of dining, entertainment and retail options on offer in Downtown Dubai – the nucleus of the happening emirate.