Apartments for rent in The Old Town Island

An exquisite residential community located in the heart of Dubai, Old Town Island is a sub-community of Old Town that has its construction based on traditional Arab designs. One of the most dynamic properties in Old Town, the Old Town Island is further divided into four quarters that offer exclusive apartments with spacious master bedrooms. Old Town Island is a plethora of hotels, apartment buildings, entertainment facilities, restaurants, retail shops, cafes and offices.

Types of Apartments in Old Town Island

A literal island of residential and cultural diversity, Old Town Island is a part of a dynamic neighbourhood that is distributed into 4 low-rise developments, namely Tajer, The Palace Downtown Dubai, Attareen and Al Bahar. There are a total of 405 residential units offered in these quarters that are further segregated into 1, 2 and 3-bedroom apartments. The units are finely-finished and are fairly spacious as the floor space starts from 900 sq. ft. for 1-bedroom apartments. The area exceeds over 1,200 sq. ft. For 2-bedroom units, the average area specification range starts at approximately 1,400 sq. ft. and goes up to around 2,000 sq. ft., making them relatively 44% larger than other properties in Old Town. Subsequently, the area figures for 3-bedroom apartments in Old Town Island are between average values of 2,700 sq. ft. and 3,000 sq. ft.

Rent Price Trend for Apartments in Old Town Island

Starting with 3-bedroom units, the AED/year graph has experienced an excessive deviation from January 2018 till present. The rent evolution trend shows a rise of 6.59% while the average value has stabilized at AED 235,000 per annum. The range stands between AED 290,000/year and AED 300,000/year. Considerably, 2-bedroom apartments in Old Town Island are available for rent in a mean range that starts from AED 150,000 per year while it rises over to AED 185,000/year. This particular property costs 33% more than average ones in the entire community even though it’s AED/year figure has declined to AED 143,000 from a stable AED 150,000. Finally, for a 1-bedroom unit with 2 bathrooms, the rent range begins at AED 125,000/year that ascends up to AED 150,000/year.

Highlights of Old Town Island

This exquisite community present within the Downtown Dubai has the luxury of being close to excellent 5-star hotels like Vida Downtown, Manzil Downtown, Palace Downtown and Address Downtown. Moreover, the community is surrounded by heaps of restaurants and cafes that offer versatile cuisines in locations like Reem Al Bawadi Restaurant and Café, Thiptara, Tolosa Bodega, Wafi Gourmet and McDonald’s. The facilities related to the Old Town Island apartments include 24/7 security, maintenance services, shared pool, shared gymnasiums, built-in wardrobes, private Jacuzzi and an equipped kitchen with appliances. If you feel that you are bored of seeing the great Burj Khalifa from your balcony then you can drive along the Sheikh Zayed Road that is itself a gateway to a vibrant metropolis where the range of facilities never ends.