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Advantages of buying apartments in Downtown Dubai
Foreign investors can buy a flat in Downtown Dubai with the same rights as UAE citizens. Property in this area provides numerous advantages:
- Prestigious location. The district, as the centre of the emirate, is renowned for its landmarks, such as the world's tallest tower, Burj Khalifa, the Dubai Fountain and the Dubai Opera Theatre.
- Developed infrastructure. The community features the largest shopping and entertainment complex, Dubai Mall, along with numerous business centres and premium hotels such as Armani Hotel Dubai and Address Downtown. Nearby are modern medical centres, international schools, spa salons and boutiques.
- Transport accessibility. The cluster is well connected to other parts of the emirate thanks to Sheikh Zayed Road (E11) motorway and an extensive public transport network, including the metro and buses. The journey to DIFC and Business Bay takes 10 minutes, 15 minutes to DXB International Airport and 20-30 minutes to Dubai Marina and Palm Jumeirah.
Apartments in Downtown Dubai for investment
Investing in an apartment in Downtown Dubai, UAE, enables you to generate income through the following factors:
- High capitalisation. In 2024, prices for an apartment for sale in Downtown Dubai's premium segment increased by 19.8%. This makes property in the area attractive for those focused on a resale strategy.
- Stable rental yield. The average profitability in the cluster is 6.1% per annum. Short-term letting can generate around 11-13% per year.
- Foreign buyers of property in Dubai can earn income remotely through contracts with companies specialising in rental management.
- Wide selection of new projects. Despite the area being developed and having an established infrastructure, many new complexes are being built here. In 2024, 1,049 housing units were commissioned in the cluster. Investments made at the start of construction allow for a significant increase in capital growth, as the value of such properties can rise by up to 30% by the time of completion.
The website features over 1103 listings for apartments for sale in Downtown Dubai from leading developers and real estate agencies. Each offer includes floor plans, photographs and information about available services. To find an apartment in Dubai, follow these steps:
- Utilise the advanced search with filters for area, number of bedrooms, move-in readiness, etc.
- Sort the results by date added or the cost of the apartments.
- Leave your contact details on the listing page to get in touch with the seller.
You can view the selected property in person or complete the transaction remotely, which is convenient for those who do not live in the country permanently.
- Minimum cost of an apartment in Downtown Dubai: USD 239619.
- Highest price of an apartment in Downtown Dubai: USD 47,800,000.
The area of apartments for sale ranges from 33 to 1,791 square metres.
The community boasts many prestigious complexes:
- Burj Khalifa offers spectacular city views and amenities including direct access to Dubai Mall, swimming pools, fitness centres, restaurants and 24-hour services.
- The Address Residences is renowned for its elegant design, luxurious lounges and concierge service.
- Boulevard Point offers stylish apartments with entertainment areas and easy access to cultural attractions such as Dubai Opera and the dancing fountains.
When buying apartments or a villa in Dubai, you’ll need to pay a title registration fee, which is 4% of the property price.
Safa British School, which follows the British curriculum, is a 10-minute drive away. JSS Private School, offering the Indian CBSE programme, is at a similar distance.
Dubai Mall hosts a branch of the Mediclinic network. Services are offered in various areas, including cardiology, dentistry, obstetrics and dermatology. For psychological support, you can visit Sage Clinic.
The profitability of premium apartments in the area in 2024 was 6.1% per annum.
Investments in housing within the cluster are likely to be profitable due to consistent price growth: the cost of apartments in the premium segment rose by 19.8% in 2024. Long-term rentals will yield between 5.62% and 6.42% annually, while short-term rentals could generate up to 11-13%.