Apartments for sale in The Old Town Island

Choosing a property in Dubai for investment is quite a challenging task. However, the architecture of the properties in Old Town depicts true Arabian culture which attracts many potential buyers. With over 400 residential apartments, 15 restaurants, 160 hotel rooms, 2,100 parking bays, 89 shops and 4 swimming pools, Old Town Island is a lively real estate in Old Town. Located within the 500-acre spread that is Downtown Dubai, this Arabian style inspired area is more than just a cluster of apartment buildings. It is a complete centre of a luxury lifestyle that is located in the heart of Dubai; that means that all your day-to-day needs are taken care of while living in Old Town.

Types of Apartments in Old Town Island

There are 4 quarters in which this sub-community is further segregated into and they consist of a variety of different Old Town Island apartments for sale.  Most of them are present in the Attareen Residences, Tajer Residences and Al Bahar Residences with either 1, 2 or 3 bedrooms. The best thing about these apartments is that they are relatively larger than their neighbouring units with a large, classy balcony, modern kitchen with all the latest appliances, a living area and a dining area. The specifications for 1-bedroom apartments for sale in Old Town Island fall between 960 sq. ft. and 1,150 sq. ft., whereas a 2-bedroom unit will have an average area range that starts from approximately 1,450 sq. ft. and goes up to 2,000 sq. ft. Apartments with 3 bedrooms and 3 bathrooms have an estimated floor space that falls between 1,700 sq. ft. and 2,000 sq. ft.

Sale Price Trend for Apartments in Old Town Island

The most popular floor configuration is the 2-BHK in Old Town Island. Most of them are either available with a view of Burj Khalifa, the tallest building in the world, or of the exquisite gardens - that is why these residential units are a little expensive when compared to others. The average initial value is from AED 3,000,000 that goes up to an approximate price of AED 4,000,000. The trend makes this particular property roughly 46% more expensive than the average property of the same type in the entire area. For a single-bedroom flat, you’ll have to pay anywhere between AED 1,500,000 and AED 2,250,000. Finally, the range for a 3-bedroom apartment for sale in Old Town Island is between AED 4,500,000 and AED 6,500,000.

Highlights of Old Town Island

A convenient walk to Dubai Mall, Burj Park and Burj Khalifa - these are some of the few reasons why one would want to live in Old Town Island. Additional features include the stunning and world-famous Dubai Fountain, one of the biggest water fountains in the world. Souk Al Bahar is also right around the corner; one can find delectable seafood restaurants in this hotel that overlooks the fountains. For recreational activities, Dubai’s Emaar Square, Boulevard Square, Boulevard Central Old Town Island and Dubai Opera are at your disposal. The famous Dubai International Financial Centre and Al Satwa are also exceptionally close.