Best buildings to buy apartments in Downtown Dubai
Downtown Dubai, a prime Emaar development, is a coveted choice for property ownership in the city. With its luxurious amenities and iconic skyscrapers, Downtown is a top pick for investors and homeowners seeking a prestigious address. Hence, after a thorough search, MyBayut presents the five best buildings to buy apartments in Downtown Dubai.
WHY SHOULD YOU BUY APARTMENTS IN DOWNTOWN DUBAI
When considering buying an apartment in Dubai, it’s important to research the various neighbourhoods and their property values. One of the many attributes of Downtown Dubai is that you can live close to the world’s tallest structure, Burj Khalifa, or even better, own a part of it yourself.
The area is home to Dubai Mall, one of the world’s biggest shopping malls. Also, part of the bustling district is the city’s foremost cultural hub, Dubai Opera, which hosts opera, ballet, dance, musicals and contemporary shows by world-renowned artists.
Hence, investing in Downtown Dubai apartments could be a viable decision in the long run for both homeowners and residents.
Let’s now turn to the best residential buildings in Downtown Dubai to buy a flat.
BEST BUILDINGS TO BUY APARTMENTS IN DOWNTOWN DUBAI
As per our data, Burj Khalifa is the best tower in Downtown Dubai to buy an apartment, followed by Old Town, Opera District, Burj Views and Forte.
- 2 BEDS
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- 2 BATHS
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- 1451 SQFT
- 1 BED
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- 2 BATHS
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- 790 SQFT
- 1 BED
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- 2 BATHS
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- 800 SQFT
- 1 BED
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- 2 BATHS
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- 869 SQFT
BURJ KHALIFA
It’s not surprising that Burj Khalifa, the ultimate location in Dubai’s glitziest district, is in the top spot. The 2,716 sq. ft. Burj Khalifa is the tallest building in the world. This comes with two observation decks: At the Top and At the Top Sky, located on the 124th, 125th and 148th floors.
Burj Khalifa has a lot to offer to residents. Homeowners can enjoy many activities in Burj Khalifa, from relaxing at the Burj Club to enjoying a meal at At.mosphere (also known as Atmosphere), one of Dubai’s most expensive restaurants.
The average price of the apartments for sale in Burj Khalifa is AED 6.54M. Here is a breakdown of the cost of different bed types:
- The average cost to buy a 1-bed flat in Burj Khalifa is AED 2.25M.
- The 2-bedroom apartments for sale in the world’s tallest skyscraper are available for AED 4.94M.
- The sales price goes up to AED 7.86M for a 3-bedroom apartment.
Are you thinking of investing in the building? Burj Khalifa offers an ROI of 5.49% for apartments in Downtown Dubai.
OLD TOWN
Downtown Dubai Old Town is a low-rise apartment complex. The buildings here, divided into six districts, boast a classic Arabian design reminiscent of older areas in the emirate.
The pedestrian-friendly complex gives easy access to Mohammed Bin Rashid Boulevard, which features hotels, facilities, coffee shops and restaurants.
Those looking to buy flats in Old Town, averaging at AED 3.13M, are spoilt for choice:
- The price of a 1-bed apartment for sale in Old Town is AED 2.12M.
- A 2-bed unit costs AED 3.53M, while a larger 3-bed flat goes up to AED 6.13M on average.
OPERA DISTRICT
The Opera District in Downtown Dubai offers unparalleled luxury living. This prime location boasts world-class amenities, including the renowned Dubai Opera. Experience the vibrant culture and cosmopolitan atmosphere while enjoying stunning views of the Dubai Fountain.
Apartments for sale in Opera District are perfect for investors, singles, couples or families. These average at AED 4.29M. Here is an overview of the prices of these flats:
- The 1-bed apartments for sale in Opera District are available for AED 2.28M.
- Those interested in buying larger units can consider 2 or 3-bedroom flats for sale in the Opera District, which have an average price of AED 3.92M and AED 6.7M respectively.
BURJ VIEWS
Burj Views is fourth on our list of Downtown Dubai buildings to buy a flat. Located between Al Asayel Street and Burj Khalifa Boulevard, this is a 30-floor skyscraper in the community.
Burj Views comprises three high-rise buildings featuring elevators, three basement parking levels, a kids’ play area, sports courts, a gym, a pool, a retail arcade and more.
The complex has over 700 residential units. The flats come in different layouts, ranging from studios to 3-bed units. The average cost of apartments for sale in Burj Views is AED 2.28M. Regarding units:
- The average cost of studios for sale in Burj Views is AED 1.39M.
- You can buy 1-bed apartments in Burj Views at AED 1.98M.
- A 2-bed apartment for sale in Burj Views costs an average of AED 4.26M.
Prospective investors and homeowners must know that Burj Views offers a healthy ROI of 5.51%. Checking out Burj Views’ floor plans can help you make decisions.
FORTE
Forte is a multi-building complex located in Downtown Dubai. The complex comprises two buildings with 1, 2 and 3-bedroom apartments ranging from 650 to 1,800 sq. ft. in size. The development is near Sheikh Mohammed bin Rashid Boulevard and has good access to public transport and other amenities.
The apartments for sale in Forte average at AED 3.89M with a 5.70% ROI.
- The 1-bed flats have an average price of AED 2.06M.
- Those looking for 2-bed apartments can expect to pay an average of AED 3.44M.
- The 3-bedroom apartments for sale in Forte have a price tag of AED 5.67M.
FAQs ABOUT BUYING PROPERTIES IN DOWNTOWN DUBAI
HOW MUCH ROI CAN I EXPECT IF I BUY AN APARTMENT IN DOWNTOWN DUBAI?
You can enjoy the following returns if you buy an apartment in Downtown Dubai:
Area | ROI |
|---|---|
Area Burj Khalifa | ROI 5.49% |
Area Old Town | ROI 5.69% |
Area Opera District | ROI 5.54% |
Area Burj Views | ROI 5.51% |
Area Forte | ROI 5.70% |
IS DOWNTOWN DUBAI A GOOD INVESTMENT?
Downtown Dubai’s strategic location, lucrative rental income and potential for property value growth make it a compelling investment opportunity for those looking to capitalise on the region’s dynamic real estate market.
WHAT ARE THE BEST BUILDINGS TO BUY FLATS IN DOWNTOWN DUBAI?
This is subjective and varies based on the type of apartment or amenities you need. However, in addition to the buildings listed above, you can consider 29 Boulevard and Act I|Act II to buy apartments in Downtown Dubai.
IS DOWNTOWN DUBAI A PET-FRIENDLY AREA?
Yes, Downtown Dubai is among the many pet-friendly areas in Dubai.
That concludes our guide to the most popular buildings to buy apartments in Downtown Dubai. To learn more about the lifestyle in this vibrant district, read our blog on the pros and cons of living in Downtown Dubai.
Are you thinking about moving to the area? Would you like to try living there before committing to buying? Check out the best buildings to rent in Downtown Dubai.
Also, Bayut’s Dubai Sales Transactions page offers a detailed index of real estate transaction data from the Dubai Land Department, including property rent history, annual rental volume and values of area-specific rental transactions. This resource enables you to make informed decisions by comparing advertised prices with actual transactional prices for properties of interest.
For more insights on rental trends in the city, stay tuned to MyBayut!
