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Downtown Dubai

Minimum price of objects600 000 AED
Average price of objects8 073 000 AED
The minimum rental price of objects53 000 AED
Average rental price of objects333 000 AED
Community square2508382 m2
Preferred object typesApartments, penthouses and villas
Advantages
A downpayment is from
5%
Beautiful view
Panoramic view of Dubai from the apartment
60% payment after the commissioning of the object
Interest-free installments
Prestigious neighborhood

About Downtown Dubai

Downtown Dubai is a new, fashionable area of Dubai that has managed to reinvigorate the Emirate with its unprecedented construction projects. Downtown is usually called the business part of the city given that it has business centers, banks, and shopping malls. The building of Downtown began in 2004 and is currently the more advanced metropolis with all its structures.

Downtown Dubai is the heart of the city and the largest construction project in the Emirate. Three main attractions with global records are located here: the tallest building in the world - Burj Khalifa, the largest shopping center in the world - Dubai Mall, and the world's largest singing and dancing fountains.

Downtown is the smallest area of ​​Dubai at only 2.5 square kilometers, a rectangle of 1.5x1.6 kilometers. This area was developed by the company Emaar Properties, which was created in 1997 specifically for the construction of the Downtown area. Most of the shares in Emaar Properties are owned by the Dubai government.

Outdoor features

  • Public parking
  • Parks
  • Walking paths
  • Mall
  • Kindergartens
  • Metro
  • Mosque
  • The Temple
  • Theater
  • Bars

Features

  • Close to the city center
  • New buildings
  • Penthouses
  • Villas
  • Safe area
  • Office buildings
  • Located in the city center
  • Skyscrapers
  • Observation deck

Properties in Downtown Dubai

The construction of Dubai Downtown facilities began in 1998 and is still ongoing. The largest buildings have all already been completed, are functioning, and the area matches up to its initial design and plans

The total investment of the project has already amounted to more than $ 20,000,000,000 - a huge amount but not a record for the UAE; Yas Island in the Emirate of Abu Dhabi was worth more than 40,000,000,000.

Rental Trends in Downtown Dubai

Speaking of luxury apartment rentals, one cannot fail to note a wide selection of penthouses in the center of Dubai on the upper floors of skyscrapers, from where a unique view opens up. The tenants are offered a wide range of properties: spacious classic apartments, 2-storey apartments, penthouses, as well as housing with an area of more than 280 m². The amount of payment for rental housing may vary depending on the characteristics of a particular object.

Apartment rental prices (per year):

  • studio - AED 53 thousand;
  • 1-bedroom - AED 77 thousand;
  • 2-bedroom - AED 122 thousand;
  • 3-bedroom - AED 196 thousand;
  • 4-bedroom - AED 506 thousand;
  • 5-bedroom - AED 712 thousand.

If you are planning to buy a villa in the most vibrant area of Dubai, you can pay attention to the Boulevard Poin and The Residences communities, which offer not only villas, but also townhouses.

Average annual rent for a 3-bedroom villa of 240 m² is about AED 212,000. There are smaller villas with 2 bedrooms, you can rent them for 160 thousand AED per year.

Prices for renting villas in communities (per year):

  • 2-bedroom - AED 161 thousand;
  • 3-bedroom - AED 212 thousand;
  • 4-bedroom - AED 419 thousand.

Sales Trends in Downtown Dubai

There are about 30 000 properties for sale. These are luxurious apartments in high-rise buildings with panoramic views of the Burj Khalifa tower, and apartments in the low-rise residential complex -Old Town - designed in an Arabian style and surrounded by lush gardens.

In 2022, the construction of the new 78-story Emaar Grande skyscraper from the developer Emaar Properties will be completed in the Downtown Dubai area. The initial cost of the apartment is 421,000 USD (25,966,312 RUB).

View from the window

Useful information for real estate investors in Downtown Dubai

The central location of Downtown Dubai means that it is within walking distance to urban infrastructure and entertainment – making it favorable to foreign investors. In addition, you can buy real estate in full ownership here.

Downtown continues to be actively developed and the area has the most expensive real estate and land according to global standards. Apartments can be purchased in a two-story building and on the roof of a 45-story skyscraper. Despite the high prices, housing is actively bought including by non-residents of the Emirate. This is partly facilitated by the fact that downtown is declared a freehold region of the UAE; a place where real estate is fully owned by the buyer.

Infrastructure

Downtown Dubai Amenities

Best Hotels

There are 7 full-value hotels in the Downtown area:

  • Armani Hotel Dubai 5 *

    Located in the Burj Khalifa, occupying floors 1 to 8, and 38 and 39, 160 rooms designed by Giorgio Armani himself.

    The hotel has 3 restaurants: Italian ARMANI / RISTORANTE, Japanese ARMANI / HASHI, and Indian ARMANI / AMAL.

    There is a SPA center for guests, a shop for exclusive Italian sweets - Armani / Dolci, a flower shop - Armani / Fiori, an Armani / Galleria shop - watches, bags, jewelry, perfume, and the Armani / Prive nightclub.

    The price of a standard room for 2 guests starts from USD 550 per night.

  • Address Dubai Mall Hotel 5 *

    This hotel is adjacent to the Dubai Mall. Naturally, there is a direct passage from the hotel to the Dubai Mall. There are 224 rooms in total.

    There is 1 restaurant Na3Na3 with Arabic cuisine. Guests only use it for breakfast. The rest of the time, it is easier and more interesting to go to any cafe or restaurant in the Dubai Mall.

    There is a SPA center for guests, a large outdoor pool overlooking the Burj Khalifa, and a CABANA bar with snacks and cocktails.

    The price of the simplest room for 2 guests begins from USD 350 per night.

  • Address Boulevard Hotel 5 *

    This hotel lies north across the road from the Address Dubai Mall Hotel. A covered pedestrian bridge leads from the hotel to the Dubai Mall. The hotel has 186 rooms.

    There is 1 restaurant called THE RESTAURANT that is very large and has several halls that serve different cuisines from around the world, and it also offers a buffet and VIP rooms. It has a swimming pool, SPA, and fitness center.

    The price of the simplest room for 2 guests is USD 350 per night.

  • Palace Downtown Dubai 5 *

    This hotel, like the 2 previous ones, belongs to the Address chain. The Palace Downtown is located on a small peninsula in Burj Khalifa and offers guests exclusive venues to watch the Dubai Fountain Show.

    The hotel has 242 rooms, some of which overlook the Dubai Fountains, some overlooking the other part of Burj Khalifa without fountains, and some towards The Old Town Island.

    There are 3 restaurants: Argentinian ASADO, Arabic EWAAN, and the Thai THIPTARA from where there is a beautiful view of the Dubai Fountain Show.

    It offers a SPA, fitness centers, and an outdoor pool.

    The price for the simplest room for 2 is USD 370 per night.

  • Vida Downtown Hotel 4 *

    This hotel is located in the southernmost part of Downtown outside Sheikh Mohammed Ibn Rashid Boulevard. There are 156 rooms in total.

  • Hotel Vida

    There are 3 restaurants and their selection is the most interesting among all hotels Downtown. 3in1 is a Mediterranean restaurant, La Serre is a bistro restaurant with a special VIP room where the chef himself prepares meals in front of guests, and Downtown Toko is a café of Japanese and Chinese street food.

    It features a large outdoor pool and gym.

    Double room prices start from USD 225 per night.

  • Manzil Downtown Dubai 4 *

    This hotel, like the previous one, belongs to the Vida chain and is located south Downtown behind Sheikh Mohammed Boulevard about 200 meters east of the Vida Downtown Hotel. There are 197 rooms.

    There are 3 restaurants: The Courtyard has Arabic and international cuisine and the Boulevard Kitchen has Middle Eastern cuisine. The third place is very interesting; it is called Nezesaussi Grill – an abbreviation of New Zealand, Australia, and South Africa. This is a sports bar with a selection of dishes from the cuisines of these countries.

    It features a heated outdoor pool and gym.

    Double room prices start from USD 275 per night.

  • Rove Downtown Dubai 3 *

    While this hotel states the official site of Downtown, geographically the hotel is located outside the Financial Center Road and the Downtown area.

    The hotel has 420 rooms, most of which are a modest 26 sq. meters. Prices begin from 100 USD per room per night.

    It is expensive to stay in a hotel in the Downtown area. Theoretically, you can find promotions or special offers for Vida or Manzil hotels for USD 150, but this opportunity is rare.

    If these prices are too expensive or you don't think it is reasonable to pay this much for a room, then take a closer look at the hotels on the border of the Downtown area. For example, Rove Downtown or M Hotel Downtown by Millennium have rooms that start at USD 100. Another option is Mondo Living - Executive Towers or City Premiere Hotel Apartments, which range from USD 100. These can be booked through popular hotel sites.

Most Popular Buildings in Downtown Dubai

The world-famous landmarks of the Burj Khalifa skyscraper, Dubai Mall and Dubai Fountain are located here. In addition, Downtown Dubai is the most convenient area for pedestrians.

Be sure to take some time to visit the observation deck of the world's tallest building – the Burj Khalifa - which offers a stunning panorama of the metropolis. Nearby is the dancing Dubai Fountain. A must on the program is shopping in one of the largest shopping centers in the world - Dubai Mall.

Burj Park is located in the center of Dubai. It hosts major city events including the OTB pop-up market, which opens every winter as part of the Dubai Shopping Festival.

Downtown Dubai's vibrant business district, lined with Sheikh Mohammed bin Rashid Boulevard, is home to upmarket shopping malls, popular attractions and restaurants. Special attention is drawn to the stunning Dubai Opera building is in no way inferior to the world's leading theaters. In the evenings, with neon lights on the streets, Downtown Dubai looks picture-perfect.

Transportation and Parking Spaces

Trams run along Mohammed Bin Rashid Boulevard and stop at the most iconic landmarks. It is interesting to note that the Dubai Trolley is the world's first hydrogen-fueled tram.

It is better not to travel to the Downtown area by taxi or rental car. There is one major highway in Dubai - Sheikh Zayed Road - which is always traffic-congested. Alternative routes also get blocked, leaving you stuck for long stretches. In a taxi, a passenger must pay for sitting through traffic jams.

Supermarkets

Along with the ultra-modern skyscrapers, Downtown Dubai has managed to preserve the past. The proof of this is Suq al-Bahar - a shopping complex built in the traditional architectural spirit of the East. It has over 100 shops and 22 restaurants and cafes that overlook the Burj Khalifa and the Dubai Fountain.

It is worth visiting the central street of Downtown - Mohammed bin Rashid Boulevard. A new portion of boutiques, trendy restaurants and cafes await tourists on this 3.5 km boulevard. In addition, you can experience all the highlights of this area on a sightseeing bus which has 11 stops on its tour. If you wish, you can stop at any point and resume the excursion on the next bus.

Malls

Dubai Mall is the world's largest shopping and entertainment complex. It has 350 000 sq. meters of retail space, 1200 shops, more than 200 cafes, restaurants, and fast-food outlets.

In addition to this, the Dubai Mall contains:

  • Oceanarium with a giant observation glass Dubai Aquarium and Underwater Zoo;
  • The world's largest candy store - Candilicious;
  • Diving waterfall
  • A real skeleton of a diplodocus dinosaur 7 meters high;
  • Ice skating rink Dubai Ice Rink;
  • KidZania Children's Center.

There is also Souk Al Bahar which translates to the “seafarers market”. This is a shopping center stylized as a traditional oriental bazaar. According to the architects of the Downtown area, it contrasts with the Dubai Mall. Souk al-Bahar is located 100 meters south of the Dubai Mall across the bridge.

It is small, with about 100 small shops and 22 lakeside restaurants. These restaurants are recommended as the best places to watch the Dubai Fountain Show.

Beaches near Downtown Dubai

The closest beaches are Jumeirah Beach and the free urban Open Beach. They can be reached in 15-20 minutes by car or 50 minutes by public transport.

We will select a profitable property for investment

Downtown Dubai is the perfect place for investments with high investments returns. In the vicinity of Downtown Dubai, there are low-rise villas, townhouses, and residential towers. Developed urban infrastructure, being within walking distance to main attractions, and high rental yields are of interest to foreign investors. It is worth noting that Downtown Dubai offers full-property purchase options with rental yields starting at 5.4% on average. Our specialists will help you choose the best property

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