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Overview
Downtown Dubai, located between old and new Dubai, is the Emirate's tourism, cultural, business, and entertainment hub. It's one of Dubai's most prominent freehold neighborhoods, developed by Emaar Properties in the UAE, spread over 26,909,776 sq.
Downtown Dubai is known as "The Centre of Now" due to its ideal location in the city's core, reviving the country with its spectacular residential units incorporating some of the world's most famous attractions in Dubai such as:
- Burj Khalifa: The tallest skyscraper in the world
- The Dubai Fountain: The world's largest light and music fountains
- The Dubai Mall: The largest shopping and leisure center
The area is distinguished by its attractiveness to residents and tourists from all over the world alike as they include cultural and entertainment centers, social infrastructure services, residential towers, luxury hotels, offices of global corporations, shops, restaurants, mosques, shopping malls, and pedestrian walkways within the district's surroundings.
Residential Units in Downtown Dubai:
- 124 building developments
- 88 projects: complete.
- 4 projects: planning stage.
- 19 projects: at various stages of construction.
- 8 projects: on hold or facing construction delays.
Location
Downtown, Dubai's beating heart, is located along Sheikh Zayed Road and Al Wasl locality. The dynamic area includes Dubai's famous landmarks such as Burj Khalifa, Dubai Fountain, and Dubai Mall, as a result every other district is freely reachable for everyone. Business Bay borders it from the south, while Financial Centre Road borders from the north.
Proximity To Landmark
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Burj Khalifa
5 mins
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Dubai Marina
20 mins
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Dubai Fountain
7 mins
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Dubai International Airport
23 mins
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Al Maktoum International Airport
36 mins
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Dubai Mall
14 mins
Downtown Dubai for Investment
The demand for apartments in the downtown district is skyrocketing. Among the many benefits that characterize property investments in Downtown is that rental yields are high, the area is immensely popular among both tourists and residents, the average property price in Downtown Dubai increase by over 24% year on year, seeing a significant capital appreciation.
Downtown Dubai Market Report 2021 Vs. 2022
ROI in Downtown Dubai
Below is a breakdown of recorded ROI for properties in Downtown by number of bedrooms.
Downtown Dubai Property Transactions
Both transactions of off plan and secondary properties in Downtown have been on the rise since 2021. As many areas in Dubai, apartment prices have risen significantly following Expo 2020 which was held earlier this year from October 2021 till March 31 2022.
List of different projects Transactions in Downtown Dubai
This statistic is based on a comparison between Q1 2021 and Q 2022, as it shows all transactions percentage of Downtown projects and how significantly they change for each project located in Downtown.
The rise in the number of transactions directly, especially for properties with reasonable prices, is the best evidence that Downtown is a desirable area for residents and investors, so Downtown Dubai has maintained its position as one of the most popular residential units in the Dubai real estate market.
Looking to invest in Downtown Dubai?
When it comes to a prime location like Downtown Dubai, all facts and statistics promise a bright investing future, but goals vary from one buyer to another, our advisors are here to put you on the proper path and lead you to the most adequate investment option.