Popular buildings to buy apartments in Downtown Dubai
When it comes to owning property in Dubai, Downtown Dubai is a highly sought-after location. With its world-class amenities and stunning skyscrapers, this Emaar development has much to offer to both investors and homeowners. If you’re interested in owning a property in one of Dubai’s most prestigious neighbourhoods, check out these five popular buildings to buy apartments in Downtown Dubai.
WHY SHOULD YOU BUY APARTMENTS IN DOWNTOWN DUBAI
When considering to buy an apartment in Dubai, it’s important to research the various neighborhoods 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 one of the world’s biggest shopping malls, The Dubai Mall. Also part of the bustling district is the city’s foremost cultural hub, Dubai Opera, which hosts world-class opera, ballet, dance, famous musicals, and contemporary music shows by world-renowned artists. Hence, for both house owners and residents, investing in Downtown Dubai apartments could be a viable decision in the long run.
Let’s now look at our list of the most popular buildings to buy apartments in Downtown Dubai.
BEST BUILDINGS TO BUY APARTMENTS IN DOWNTOWN DUBAI
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As per our data, Burj Khalifa is the most popular building to buy flats in Downtown Dubai. This is followed by Old Town, Burj Views, South Ridge and The Lofts.
- Burj Khalifa
- Old Town
- Burj Views
- South Ridge
- The Lofts
- 0
- 10%
- 20%
- 30%
- 40%50%
Based on searches conducted by users on Bayut.com over the past 12 months
BURJ KHALIFA
It’s not surprising that Burj Khalifa, the ultimate location in Dubai’s glitziest district takes the top spot. Standing 2,716 sq. ft. tall, 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 indulge in many activities in Burj Khalifa from relaxing at the Burj Club to enjoying a meal at At.mosphere (also written as Atmosphere), one of Dubai’s most expensive restaurants.
The average price of the apartments for sale in Burj Khalifa is AED 6.38M. Here is a breakdown of the cost of different bed types:
- The average cost to buy a studio flat in Burj Khalifa is AED 1.7M.
- The 1 and 2-bedroom apartments for sale in the world’s tallest skyscraper are available for AED 2.1M and AED 4.1M, respectively.
- The sales price goes up to AED 6.9M for a 3-bedroom apartment.
Thinking of investing in the building? Burj Khalifa offers an ROI of 6.03% 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 2.63M, are spoilt for choice:
- The average cost of studios is AED 1.35M.
- The price of 1-bed apartments for sale in Old Town is AED 1.9M.
- A 2-bed unit costs AED 3.19M while a larger 3-bed flat goes up to AED 5.53M on average.
Apartments in Old Town offer a projected ROI of 6.33%.
BURJ VIEWS
Burj Views is another of the popular buildings to buy apartments in Downtown Dubai. 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 which come with six elevators, three basement parking levels, a kids’ play area, sports courts, gym, pool, retail arcade and a whole lot more.
The complex has over 700 residential units. The flats come in different layouts, ranging from studios to 3-bed units — with the average cost of apartments for sale in Burj Views coming up to AED 2.11M. Here is a rundown of the prices of these units:
- The average cost of studios for sale in Burj Views is AED 1.26M.
- You can buy 1-bed apartments in Burj Views at AED 1.85M.
- A 2-bed apartment for sale in Burj Views costs an average price of AED 3.18M.
Prospective investors and homeowners must know that Burj Views offers a healthy ROI of 7.25%. A look at Burj Views floor plans can help you in making a decision.
SOUTH RIDGE TOWERS
The next building on our list to buy apartments in Downtown Dubai is South Ridge, also known as South Ridge Towers. Developed by Emaar, South Ridge Towers is a six-tower complex with over 900 units.
The building comes with a gym, pool, sauna room, a barbecue area and sports courts. There is also a separate wading pool for kids and a parking facility.
Apartments for sale in South Ridge Towers are perfect for investors, singles, couples or families. These average at AED 2.92M. Here is an overview of the prices of these flats:
- The 1-bed apartments for sale in South Ridge Towers are available for AED 1.74M.
- Those interested to buy larger units can consider 2 or 3-bedroom flats for sale in South Ridge Towers averaging at AED 3M and AED 5.74M respectively.
South Ridge Towers offers a good projected ROI of 5.60%.
The Lofts
The Lofts is another option for buildings to buy apartments in Downtown Dubai. The three-building high-rise takes modern living to a whole other level thanks to an array of facilities and amenities. Furthermore, a central location in Downtown Dubai keeps residents close to the best attractions in the area — making it among the best buildings to buy apartments in Downtown Dubai.
The apartments for sale in The Lofts average at AED 2.28M with an ROI at 6.77%.
- The 1-bed flats have an average price of AED 1.81M,
- Those looking for 2-bed apartments can expect to pay an average of AED 3M.
FAQs ABOUT BUYING PROPERTIES IN DOWNTOWN DUBAI
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, besides the buildings listed above, you can consider 29 Boulevard and Opera District 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 on 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? Do you want to try living there before committing to buy? Our article on the best buildings to rent in Downtown Dubai is here to help.