Property for Sale in Downtown Dubai

Downtown Dubai is a project by Emaar Properties, who is one of the best-selling developers in the emirate. The area which is located at the north of Dubai, is a large-scale commercial and residential development of 500 acres.
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Dubai Mall
Burj Khalifa
Dubai Opera

Downtown Dubai Overview

Among the distinctive features in Downtown Dubai are a combination of contemporary gleaming skyscrapers and traditional Arabic buildings.

The area is situated alongside the Sheikh Zayed Road, E11, across from Al Wasl and bordering Business Bay, which is a thriving commercial and business hub. Thanks to such a convenient location, Downtown Dubai provides easy access to many coveted addresses, including airports, beaches and more.

There are also many luxury hotels and high-end boutiques, and the neighbourhood boasts close proximity to hospitals, schools and many other facilities.

Property Trends and Prices in Downtown Dubai

The area offers a wide selection of premium residences, including studios & apartments in configurations from 1 to 7+ bedrooms, 3–6 bedroom penthouses, 1–4 bedroom duplexes and 2–4 bedroom hotel apartments.
Those who need more space may choose from an array of 2–4 bedroom villas and 3 and 5-bedroom townhouses.
The starting rental price for a 1-bedroom unit is AED 75K (USD 20K) a year. You can lease your property profitably with an average ROI of 6% and enjoy a decent long term income.
Property
ROI 6%
The average yearly rental price for a 1-bedroom unit has increased by 34.6% during the first 3 months of 2023 in contrast with Q4 2022, as reported by Bayut & dubizzle.
Rental price
34,6%
Some of the most popular apartment complexes in Downtown Dubai include Downtown Views II, Vida Residences Dubai Mall and Burj Royale. The lowest price for a 1-bedroom apartment of 860 sq. ft is set at AED 950K (USD 259K) in Burj Al Nujoom.
Commercial property investors are welcome to acquire land plots, full floors and half floors
Please note that the prices below are correct, as of May 2023.

Hotel residences

Hotel resiences
Hotel residences are in strong demand in The Address Residence Dubai Opera, The Address Residence Fountain Views and The Address The BLVD. The starting cost for a 2-bedroom hotel apartment with a floor plan size of 858 sq. ft in Downtown Dubai is AED 1.35M (USD 368K).
Penthouses

penthouses

Penthouses can be acquired in Standpoint Towers, Southridge, Grand, Mon Reve and other developments. That said, Standpoint Tower 1 offers a 3-bedroom residence with a living area of 1,904 sq. ft for a minimum of AED 4M (USD 1.09M). If you are interested in duplexes, you may check out Bellevue Towers, BLVD Heights and The Address Residence Fountain Views. The initial price for a duplex of 1,362 sq. ft is set at AED 2.2M (USD 599K) in Bellevue Towers.

Villas

Villas
Villas for sale in this neighbourhood are available in The Residences, BLVD Heights , Boulevard Point and Il Primo. The starting price tag for a property of 2,600 sq. ft in BLVD Heights is AED 5.2M (USD 1.4M). At the same time, the complexes of 29 Burj Boulevard and Opera Grand offer a limited collection of townhouses. The minimum cost for a 1,773 sq. ft townhouse residence is AED 3.9M (USD 1.06M) in Downtown Dubai.
Plot

Plot

The starting price for a plot of 291,487 sq. ft in Downtown Dubai stands at AED 87.4M (USD 23.8M). Full floors are on offer in Dunya Tower, City Center Residences, Downtown Views II and Elegance Tower, among other projects. The minimum price for a full floor at 9,672 sq. ft is on offer for a minimum of AED 17M (USD 4.6M). St Regis The Residences and Il Primo also offer half floors for sale as well. The initial cost for a half floor at 4,351 sq. ft constitutes AED 19.5M (USD 5.3M).

Why Buy Property in Downtown Dubai

According to Bayut & dubizzle, Downtown Dubai was the second most popular neighbourhood in Dubai in terms of the acquisition of luxury apartments in Q1 2023.
Since Downtown Dubai is a tourist area, it is a great choice for short-term rentals as well. As of May 2023, the initial daily, weekly and monthly short-term rental cost amounts to AED 309 (USD 84), AED 2.5K (USD 681) and AED 7K (USD 1.9K) respectively.
May 2023
short-term rental cost
In fact, the average price per sq. ft here grew by a whopping 15.4% compared to Q4 2022, amounting to AED 2.2K (USD 599).

Such strong indicators are a result of consistent demand among wealthy homebuyers, who wish to live in the centre of Dubai. It also means that you can always count on a profitable return when reselling your apartment in Downtown Dubai.
The average price per sq.ft
15.4%

Benefits

Downtown Dubai boasts a perfect position right next to the Sheikh Zayed Road, providing excellent road connectivity. That said, it is a mere 15-minute drive away from Dubai International Airport, which is perfect for frequent travellers.

The area also houses the Dubai Trolley, which is the world's first hydrogen-powered trolley. Occupants of Downtown Dubai will have all the necessary facilities right on their doorstep, thanks to the excellent infrastructure of the area.
Downtown Dubai has an array of prestigious academic institutions, including Jumeirah International Nursery and Blossom Downtown Nursery Dubai. The first facility accepts children aged from 45 days to 6 years old, whilst Blossom Downtown Nursery is suitable for newborns to6 years. Both of these nurseries follow the British EYFS curriculum. Within less than a 10-minute drive in Business Bay, there is a Canadian curriculum preschool for children aged 12 months to 6 years called Maple Bear Pre School.
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Downtown Dubai houses a range of various medical facilities, handling all kinds of health issues, from A&E to check-ups. A few of these include:
Mediclinic Dubai Mall is the emirate's largest outpatient care facility, with a whopping area of 60,000+ sq ft. Here one can get a doctor's consultation, buy medicine at the pharmacy and get rehabilitation in a physiotherapy gym.
Excellency Center, located on Old Town Island, is a specialized physiotherapy and rehabilitation establishment. Here one is provided with an array of standard therapy options such as massage, cryotherapy, and thermotherapy. Those who prefer alternative treatments can book acupuncture and magnetotherapy.
Bonex Klinik Orthopedic & Spine Care is a good option if you have back pain or a knee fracture, for instance. Specialists in this facility are experienced in manual techniques, surgeries and rehabilitation.
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Downtown Dubai boasts an excellent public transport infrastructure with an array of bus links scattered throughout the area. These include The Dubai Mall, Burj View central tower 1, and 8 Boulevard Walk Tower 1, just to name a few. Not forgetting the Burj Khalifa/ Dubai Mall Metro Station, which is on the Red Line station, serving Downtown Dubai and Al Wasl.
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The iconic neighbourhood is famed for its array of breathtaking landmarks, which offer a myriad of activities for all ages. Here you can visit:
Dubai Mall is the world's largest mall by total land area, with 1,200 retail outlets and more than 160 dining venues. It also houses a Souq, an aquarium and underwater zoo, a cinema complex, the biggest Apple Store in the Gulf and much more.
The 30-acre Burj Lake hosts the world-famous The Dubai Fountain, which is the world's tallest choreographed fountain system. You can enjoy many fountain performances every night, and entrance is completely free for everyone.
Souk Al Bahar features more than 100 shops of antique carpets and lifestyle stores. Not forgetting 22 restaurants, cafes and lounges with stunning waterfront views.
№4
Dubai Opera is the country's first purpose-built performing arts theater, and has the capacity of accommodating up to 2,000 people.
The Burj Khalifa is the world's tallest building with a height of 2,716 ft. Here one has the opportunity to take in the panorama of Dubai from 2 observation decks and try sumptuous dishes in Atmosphere and The Lounge, Burj Khalifa.

Buying property with Metropolitan Premium Properties

Metropolitan Premium Properties will gladly provide you with assistance regarding property acquisition in Downtown Dubai. Our agents will find you the most suitable options based on your budget and requirements, whether for investment or for private use. We will handle the entire procedure, from the interaction with the seller, to preparing documents and registering ownership in the DLD. After the transaction is concluded, we will help you and your family to obtain a 2 or 10-year visa, if you meet the eligibility criteria.
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