The Opera District

About the Opera District

The Opera District is a district in central Dubai with elite hotels, serviced apartments, a shopping mall, parks, and a promenade. It is well known as the cultural center of Dubai. It houses the Dubai Opera, which has a venue for 2,000 seats. The special feature of the concert hall is its multifunctionality, which is provided by moving floor elements. As a result, one room can function as an opera house, a classical theater, a concert hall, a room for special events, and an exhibition area. A high-class restaurant is on the roof of the building.

The cultural community is situated near famous sights of the emirate: a huge musical and illuminated fountain in the middle of a man-made lake, the 828 m high Burj Khalifa skyscraper, and the Dubai Mall, with a professional ice arena.

Real estate in the Opera District

Residential options in the new district are represented by truly luxurious apartments and penthouses. There are also elite hotel complexes.

The apartments are located in modern high-rise towers, with all the necessary amenities for a comfortable life and recreation.

The following high-rise housing complexes are:

Forte consists of 71-story and 41-story towers with one-, two-, and three-bedroom a The building’s podium occupies six floors, which will house a modern art museum, restaurants, retail outlets, a health club with a swimming pool, a gym, a sauna, and a spa.
The Address Residences Dubai Opera consists of two towers connected by a podium with shopping and entertainment facilities. The 65-story tower includes one- to five-bedroom residential apartments and deluxe The 55-story tower has a hotel complex.

Il Primo is a 77-story housing complex with apartments with different layout options, including apartments that occupy entire floors. On the podium, there is a gym, a spa, a library, a cinema, and other amenities.

Act Towers is a complex of two 45-story buildings with one- to four-bedroom apartments overlooking the Dubai Opera House and the Burj Khalifa tower.
Opera Grand is a 66-story It has over 200 two- to four-bedroom apartments with different layout options. There are cafes, shops, and a lobby on the first two floors of the building. On the roof of the tower are a swimming pool and a health club with gyms.
Regis The Residences is a complex of two high-rise buildings with residential apartments, office spaces, two swimming pools, a spa, a bar, a restaurant, a library, a gym, a playground, and retail outlets.
Vida Residences Dubai Opera is two multi-apartment towers with 70 stories and 54 stories, respectively.
Grande at The Opera District is a 78-story complex consisting of luxury apartments, a fitness center, a health club, and an outdoor observation platform with a swimming pool at the level of the podium.

Trends in real estate sales in the Opera District

The main advantage of the new district is its location in the heart of Dubai’s cultural life, close to popular attractions, large shopping malls, and business buildings.

Housing costs are significantly higher than in the remoter areas. However, due to high rental rates, investors can expect good profits and a quick return on investment.

The minimum apartment price is 1,299,000 AED. For this price, you can purchase a one-bedroom apartment with a total of 66 m² in the Act Towers residential complex.

High-rise residential buildings also feature premium properties, such as a lavish five-bedroom penthouse with a total of 1073 m² in Il Primo. This penthouse costs 52,000,000 AED.

Trends in housing rentals in the Opera District

Currently, Dubai is one of the main centers of cultural and business life in the UAE. The government of the country aims to develop the region and attract new workers and investors to it. At the beginning of 2022, the cost of renting apartments in Downtown Dubai rose by 5.95% compared to the same rate in 2021. This demonstrates the strong demand for rental properties in the central areas of the city. And it means that real estate investments in The Opera District will quickly pay off.

Useful information for property investors in the Opera District

The new community includes numerous elite residential complexes with apartments having luxurious finishes, gorgeous views from the panoramic windows, and all the amenities on the territory of high-rise buildings.

This property type will always be in high demand among tourists who come here to attend cultural events and explore the main emirate’s attractions.

Real estate investments in Dubai are among the different methods to obtain a 3-year UAE residence visa. You can apply for a visa with a purchase worth 750,000 AED.

In the Downtown Dubai community, the average return on investment for apartments is 6.34%. This rate varies from 4% to 9% for the emirate.

Amenities

There are numerous recreation and entertainment places in the central quarters of Dubai. Residents of the new district will enjoy the following amenities:

Dubai Opera with concerts and various cultural events;
Several parks with walking paths and beautiful views of the musical fountain and a lake;
The Dubai Mall ice skating rink;
The high-rise Burj Khalifa business center;
Al Quoz bowling club;
The Green Planet, a tropical indoor rainforest at the City Walk;
Sky Views observation deck;
Several gyms in the neighborhood and on the territory of the housing estate;
Spa and beauty parlors;
Swimming pools;
Various retail outlets;
Covered parking zones;
Restaurants, eateries, and cafes suit every

Public transport

There is convenient and easy access to major city highways from the residential complexes of the neighborhood so you can quickly reach other areas of the emirate.

Bus stops and the Burj Khalifa/Dubai Mall metro station are within walking distance.

One can reach the international airport in 18 minutes and the nearest beach in 15 minutes.

Supermarkets

Locals have quick access to the following supermarkets:

Choithrams;
Géant Express;
Burj Vista;
Spinneys;
Zoom.

Shopping malls

The community is located in the center of the metropolis that has many malls.

The Dubai Mall is a large shopping and entertainment complex with a wide variety of shops, restaurants, and cafes. It has amusement parks, an aquarium, a huge ice rink, a hotel complex, cinemas, and other amenities.

The Galleria Mall is a shopping mall with shops, a food court, amusement parks, the American Hospital Clinic, and the Al Jaber Optical medical clinics.

The Mercato Shopping Mall and the Oasis Center Mall are large malls where you can find big-name brand stores.

Galleria Mall is a small mall with good cafes and restaurants.

City Walk is a shopping and entertainment center with walking paths, a fountain, numerous shops, and a cinema.

Churches, temples, and mosques

The Dubai Mall and the Souq Al Bahar mosques are within easy reach of residents. The Al Ghafoor and Ahel Al-Sunnah mosques are also nearby. One of the most beautiful mosques in Dubai, the DIFC Grand, is within a 12-minute drive.

It takes up to 20 minutes to drive to the following temples and churches:

The Holy Trinity Church;
Mary Catholic Church;
Thomas Orthodox Cathedral;
The Shiva temple;
Shirdi Sai Baba Mandir t

Restaurants

Restaurants and cafes are on the territory of high-rise complexes and in the building of the Dubai Opera. A huge selection of food outlets can be found in the big malls.

The following establishments are nearby:

McDonald's
Circle Café, one of the best cafes in Business Bay;
Sumo Sushi
Bento Al Murooj;
bar Nezesaussi Grill;
Pub Double Decker;
Bar Balcony Poor.

Within 7–10 minutes, you will find restaurants like Five Guys, Al Baiq, Bento-ya Kitchen, and Hardee's.

Nurseries and schools

Several schools and kindergartens are neighboring the new area:

The Blossom Nursery;
The Learning Tree Nursery;
Westfield Nursery;
Al Safa School;
JSS Private School;
Horizon English School;
The Indian International School.

Hospitals and clinics

The nearest clinic, Emirates Hospital, is in Business Bay. It is accessible by foot. The clinic is famous for its high level of medical care. Modern technologies for treatment and diagnostics are available.

Various other medical facilities are within a 12-minute drive:

Medcare Al Safa Hospital;
Al Badaa Medical Center;
Valiant Clinic & Hospital Dubai.

The nearest areas

The Za'abeel community is known for its large park, as well as the palace of the same name, which is some of the popular attractions in the city.
Al Quoz includes residential complexes, schools, retail outlets, and many commercial facilities, as well as warehouses and offices.
The Dubai International Financial Center is the financial center of the emirate, having a developed commercial zone and residential blocks.
The Dubai Design District is a place that concentrates on a fashionable Situated here are offices of famous designers, art galleries, fashion showrooms, various cafes, and restaurants.
Al Satwa is a small residential neighborhood with a green park, the Etihad Museum, and an excellent public transport network.
Jumeirah is a popular coastal community located along the Persian Gulf. There are many beaches, water parks, seaside resorts, and high-profile

Beaches

The area boasts quick access to the emirate's public beaches. Within a 15- minute drive, you can reach Mercato Beach, with its walking and cycling paths, showers, and cafes.

In a similar time frame, you can get to the popular Jumeirah beach with its long jogging and walking paths, various cafes, and eateries.

Kite City Beach is perfect for water sports like kite surfing and kayaking. It is usually quite deserted. The beach has a playground for children and walking paths.

We will select profitable buy-to-invest real estate

The Opera District is a great district to purchase a buy-to-invest housing unit. There will always be a lot of tourists due to the excellent location, developed infrastructure, and proximity to famous attractions. This ensures a high demand for rental housing.

Please contact our specialists to learn more about real estate investments in Dubai. With us, you can always find up-to-date information about prices, profitability, liquidity, and net profit of the chosen housing unit. We will gladly assist you to select the best buy-to-invest apartment option to receive a stable passive income.