Apartments for sale in Downtown Dubai

Downtown Dubai is a bustling and iconic district in the heart of Dubai known for its stunning skyline and modern architecture. It is home to the city's most famous landmarks such as Burj Khalifa and the Dubai Mall. It is surrounded by business districts and cultural attractions, making it a sought-after destination for residents and tourists alike. There are more than 4,000 listings on Bayut for Downtown Dubai apartments for sale, listed by our partner agencies in Dubai. 

Sale Trends for Apartments in Downtown Dubai 

The real estate market in Downtown Dubai is known for its luxury properties, stunning views and modern amenities. The area offers a wide range of apartment types including studios, 1, 2, 3, 4 and 5 bedrooms with scenic views of the cityscape or the Dubai Canal. These apartments in high-rise towers also have several shared facilities such as play areas, pools and fitness centres.  

Average annual rents may vary based on floor plans in Downtown Dubai, covered areas and amenities, offering many options for different preferences and budgets.

The sale price of studio apartments with an average covered area of 519 sq. ft. is AED 1.41M
The sale price of 1-bed apartments with an average covered area of 908 sq. ft. is AED 2M
The sale price of 2-bed apartments with an average covered area of 1,629 sq. ft. is AED 3.63M
The sale price of 3-bed apartments with an average covered area of 2,009 sq. ft. is AED 6.22M
The sale price of 4-bed apartments with an average covered area of 3,283 sq. ft. is AED 15.8M
The sale price of 5-bed apartments with an average covered area of 4,947 sq. ft. is AED 27.48M

Transactional data sourced from the Dubai Land Department (DLD) shows that more than 400 sales transactions with a collective value of AED 1.5 billion took place in Dubai during October 2023. Currently, the average advertised sales price for apartments in Dubai stands at AED 4.03M. 

These properties in Downtown Dubai can earn you a projected annual return of 6.29%.

Buying a Luxury Apartment in Downtown Dubai 

Downtown Dubai is the premier choice of investors for buying luxury apartments in Dubai as per the Q3 2023 Dubai Sales Market Report. The ongoing developments and a reputation for high-end living in the area indicate the potential for a lucrative return on investment. Buyers can explore the apartments for sale available in Burj Khalifa, Old Town and Opera District. 

On average, a 1-bed apartment in Burj Khalifa costs AED 2.03M while a 2-bedroom apartment in Old Town is available for AED 3.41M. The Lofts is another high-rise tower with a 1-bed for sale costing AED 1.92M and a 2-bedroom apartment costing AED 3.17M on average. You can also check out the listings for luxury apartments in Act One | Act Two, 8 Boulevard Walk and Forte 1.

Types of Apartments Available for Sale in Downtown Dubai 

Downtown Dubai offers a diverse range of apartments for sale catering to various preferences and lifestyles. These units can be categorised into ready-to-move and off-plan apartments.

As the name suggests, ready apartments allow you to move in immediately. Interested buyers usually prefer these units as they can be leased out and offer a consistent return on their investment. Ready apartments come at a higher initial price with fixed layouts and are available in both furnished and unfurnished variants. 

Off-plan apartments are under-construction residential units with a lower initial price as compared to ready apartments. Developers offer flexible payment options till the completion of the project. Buying an off-plan apartment provides significant investment potential as the value and price of the property increase by the time they are completed.

Furnished Apartments for Sale in Downtown Dubai 

There are a number of furnished apartments available for sale in Downtown Dubai. These ready-to-move-in apartments can be found across the emirate, for an average sale price of: 

AED 1.44M for studio apartments
AED 2.04M for 1-bed apartments
AED 3.80M for 2-bed apartments
AED 6.75M for 3-bed apartments

Unfurnished Apartments for Sale in Downtown Dubai

Interested buyers can also explore listings on Bayut for unfurnished apartments for sale in Downtown Dubai. The average cost of these units is as follows:

AED 1.31M for studio apartments
AED 1.99M for 1-bed apartments
AED 3.55M for 2-bed apartments
AED 5.92M for 3-bed apartments

Off-plan Apartments for Sale in Downtown Dubai 

Although Downtown Dubai is a fully-developed community, there are several off-plan properties available for interested buyers. Take a look at the price range of these apartments:

AED 1.15M for studio apartments
AED 1.83M for 1-bed apartments
AED 3.07M for 2-bed apartments
AED 4.95M for 3-bed apartments
AED 9.22M for 4-bed apartments

Iconic Buildings to Buy Apartments in Downtown Dubai

Some of the top buildings to buy apartments in Downtown Dubai are:

• Burj Khalifa – the tallest and most iconic building in the world offers studios, 1, 2 and 3-bedroom apartments for sale
• Old Town – a cluster of six districts featuring low-rise apartment building 
• Burj Views – consists of three high-rise towers with more than 700 units
• Grande – a project by Emaar Properties in the Opera District featuring 2 and 3-bedroom apartments

These towers are known for their unique architectural designs, luxurious amenities, and prime locations within the area. 

FAQs

What types of apartments are available for sale in Downtown Dubai?

Downtown Dubai apartments for sale range from studios to 5-bedroom units. You can buy luxury apartments, chiller-free units, ready-to-move-in, duplex apartments and unfurnished flats based on your requirements and location preferences.

Are there any good locations in Downtown Dubai to buy luxury apartments?

Popular areas to buy luxury apartments in Downtown Dubai include: 

Burj Khalifa
Opera District
Burj Views
Old Town
Mohammed Bin Rashid Boulevard

What are some of the best options to buy apartments in Downtown Dubai near the metro station?

There is a metro station in Downtown Dubai called the Burj Khalifa/Dubai Mall Metro Station. Some projects in proximity to the metro station are:

The Lofts
The Address Residence Sky View
Burj Vista

What is the average sale price of apartments in Downtown Dubai?

The price range of apartments for sale in Downtown Dubai may vary based on several factors. Here’s the average price breakdown for each apartment type:

Studio flats: AED 1.41M
1-bed flats: AED 2M
2-bed flats: AED 3.63M
3-bed flats: AED 6.22M

Where to buy a 1-bed apartment in Downtown Dubai?

1-bedroom apartments for sale in Downtown Dubai are preferred by families. Take a look at popular buildings with 1-bed units:

A 1-bed apartment in The Lofts costs AED 1.94M on average
A 1-bed apartment in Burj Vista costs AED 2.05M on average
A 1-bed apartment in The Address Residences Dubai Opera costs AED 2.30M on average

Where to buy a 2-bed apartment in Downtown Dubai?

There are many options across the area for 2 BHK units. Popular buildings include:

A 2-bed apartment in The Address Residence Sky View costs AED 4.44M on average
A 2-bed apartment in Mohammed Bin Rashid Boulevard costs AED 3.20M on average
A 2-bed apartment in The Residences costs AED 3.59M on average

Where to buy a 3-bed apartment in Downtown Dubai?

There are many options across the area for 2 BHK units. Popular buildings include:

A 3-bed apartment in Burj Khalifa costs AED 7.12M on average
A 3-bed apartment in Old Town costs AED 6M on average
A 3-bed apartment in Opera District costs AED 5.60M on average

Which are the best options in Downtown Dubai for buying off-plan apartments?

Those looking to buy off-plan apartments in Downtown Dubai can check out the following locations:

Opera District 
St. Regis The Residences
Society House

What is the cost of buying property in Dubai?

The cost of buying property in Dubai includes the following elements:

• Purchase price
• Property registration fees
• DLD fees and administration charges
• Agency fee/commission
• Conveyance fee
• VAT (where applicable)

In addition, if you are buying property on a mortgage, you’ll have to pay bank charges as well as property valuation charges.

What is the process to buy off-plan properties in Dubai?

The process to purchase off-plan properties in Dubai is simple. You simply need to:

• Find the right property
• Ensure the developer’s reliability
• Get in touch with a good realtor
• Assess your financial standing and apply for a mortgage, (if needed)
• Pay the initial deposit and book your property
• Sign the Sales Purchase Agreement (SPA) 

Once the agreement is finalised, you’ll have to follow a payment plan that dictates your mandated pre and post-handover instalments towards the purchase.