Downtown Dubai – Offplan Projects in Dubai
Downtown Dubai, “The Center of Now,” is welcoming millions of visitors each year. It is the home of famous landmarks and world-famous attractions, including the tallest building in the world – Burj Khalifa, Dubai Mall, and Dancing Fountains. Therefore, the area is the business hub where you and your family can reside and build a comfortable, safe life, fully inclusive of all luxury, convenience, comfort, and fun.
Downtown stretches along Sheikh Zayed Road, across Al Wasl, and bordering Business Bay. The area is the perfect definition of a “city-based” lifestyle, fast-paced, buzzing with vitality, charm, energy all year round. Downtown is reminiscent of old New York, a trendy residential and professional hub. Furthermore, it is currently in high demand, counting many investors and families looking to settle here. Community is famous for its upscale cosmopolitan lifestyle, targeting a broad audience. Similarly, it addresses young couples, professionals, and a considerable number of families looking to invest in off plan properties Dubai.
Downtown Dubai Lifestyle
The community offers a wide range of off plan properties, with a selection of apartments, hotel apartments, and some podium villas. As a result, the area attracts high interest from buyers, renters, and tourists. Off Plan Properties in Downtown Dubai come in a variety of sizes, layouts, and architectural designs.
Residential properties offer upscale studios, one to four-bedroom apartments, or low-rise Souq-inspired apartment blocks. Contemporary skyscrapers are a distinct feature of the area.
Spacious layouts and high-end finishes dominate the theme of Downtown residences. Units boast great views and floor plans, large balconies, fitted kitchens, master bedrooms, private parking, and the best standard facilities available to residents.
Popular buildings for rental options include The Residences, Boulevard Point and Opera Grand. For instance, Burj Al Najoom offers the best options for studios with balconies, ranging from 450 sq. ft. to 560 sq. ft. Furthermore, Burj Views, overlooking Dubai Canal, is one of the best buildings for renting a one bedroom flat, up to 900 sq. ft. in size.
The famous Burj Khalifa ranks first for rental preference. It is highly in demand for two-bedroom rentals, with an estimated annual rent price of 160,000 to AED 190.000. For example, the luxurious flats cover up to 1,800 sq. ft. in the tallest building in the world. Residing at Burj Khalifa is a statement of luxury itself. It comes with unparalleled amenities, high-end services, and some of the best views over the city. Living at the top of Downtown skyscrapers comes with exclusive views and offers. Luxury duplex units and penthouses range in size from 3,000 sq. ft. to 5,000 sq. ft.
Annual rental yield varies according to property type. A studio is likely to fetch 5.9% ROI, a two-bedroom or four bedroom flat 4.7 %. A 5 bedroom apartment could generate 4.1% ROI
Selling trends in Downtown Dubai also show the attractiveness and potential for investment in the area. Investors can purchase a studio for around AED 1,000,000. For example, a one-bedroom apartment will set you back around AED 1,400,000 and a two-bedroom flat will cost around AED 2,400,000. Furthermore, the latest off-plan projects offer exclusive, premium 5 bedroom flats and penthouses, expected to fetch up to AED 36,000,000 in price. Similarly, moving around Downtown and reaching key locations in the city couldn’t be easier. The community is very well connected via public transport. Burj Khalifa Metro station is within easy reach. Also, bus stops are servicing the entire area, departing from Burj Khalifa and Business Bay metro station.
Downtown is home to the world’s largest mall: Dubai Mall, the ultimate destination for retail therapy and entertainment. Furthermore, Burj Khalifa, The Dubai Fountain Show, Souk Al Bahar, and Opera District are also iconic landmarks. Last but not least, you do not have to be a tourist to feel an irresistible attraction to these places, which you will revisit over and over again.