As the name proposes, Downtown Dubai is the centre of Dubai, constantly developing at a a high speed.. Home to many landmarks and world-famous attractions, including Burj Khalifa, the Dubai Mall and Dancing Fountains, the area is a hub of activities. The ideal place keeps Downtown busy throughout the year. Constantly attracting tourists, there’re always some new things to do in Downtown Dubai. The area is most popular for offering a luxurious lifestyle. It used to be a vertical community, but many villas have also been added to the real estate market. As per Aleizba.com 2020 Rental Market Report, it is the second most popular area offering luxury apartments for lease after Dubai Marina.
Downtown is well connected to other key commercial and residential areas in the city. Strategically located along Sheikh Zayed Road, E11, across Al Wasl and bordering Business Bay, it is a pretty active and bustling neighbourhood. Downtown is one of Dubai’s best areas for non-drivers and frequent travellers. Many amenities, including upscale hotels, chic leisure points and massive shopping centres, make Downtown Dubai a sought-after address and “the centre of now.”
Home to some of Dubai’s well known, the area has developed into a coveted residential address. The apartments in Downtown Dubai come in different designs and configurations, depending on the building. One can find studios to 4-room units. However, upcoming (currently off-plan) buildings will also offer investors and future tenants the option of 5-bedroom flats. As is common with all major developments, each tower’s architectural style varies. From the low-rise Middle Eastern souq-inspired apartment blocks in Old Town to the more contemporary skyscrapers, Downtown Dubai has it all!
The community has undoubtedly set a benchmark for modern vertical communities. There is also a wide range of villas concentrated at the podium levels of The Residences, Boulevard Point and other developments. The configuration for such units ranges from 3 to 4-beds. Also, Opera Grand is an off-plan project with an exclusive collection of townhomes on offer.
Downtown Dubai attracts residents who are new to Dubai and even those living in the city for decades. Due to its status and global appeal, people from all over the world flock to the bustling district.
SALES TRENDS IN DOWNTOWN DUBAI
Investors can also find several attractive apartments. The normal expense of a studio for sale in Downtown is AED 933k while 1 bedroom apartments might cost around AED 1.4M. Similarly, you will need around AED 2.4M to buy 2-bed flats while 3-bed apartments in Downtown Dubai are available for AED 4.1M, on average. Buying 4-bedroom apartments in Downtown with 5 to 6 bathrooms and a separate driver’s room costs about AED 13M. More importantly, there are many upcoming and off-plan projects set to offer luxurious 5-bedroom flats with an expected asking price of AED 36M.
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Apartment Type
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Average Sale Price in AED
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Studio
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933,000
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1-Bed
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1,430,000
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2-Bed
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2,437,000
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3-Bed
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4,184,000
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4-Bed
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13,733,000
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5-Bed
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36,645,000
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Villas for Sale in Downtown Dubai
For those interested in investing in villas, there are options ranging from 2-bed to 5-bed units. A standard 2-bed villa costs around AED 3M while the sale price of 3-bedroom villas in Downtown is AED 6M. Similarly, buying a bigger 4-bedroom villa would cost around AED 8M.
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Villa Type
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Average Sale Price in AED
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2-Bed
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3,028,000
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3-Bed
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6,321,000
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4-Bed
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8,073,000
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RENTAL TRENDS IN DOWNTOWN DUBAI
Since the area is mostly known for its rental properties, there are many projects one can consider based on the requirement, apartment type and amenities offered.
Apartments for Rent in Downtown Dubai
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Apartment Type
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Average Rental Price in AED
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Studio
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53,000
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1-Bed
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77,000
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2-Bed
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122,000
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3-Bed
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196,000
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4-Bed
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506,000
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5-Bed
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712,000
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Young expats usually go for rental studios in Downtown that have covered areas ranging from 455 sq. ft. to 560 sq. ft. Burj Al Najoom is one of the top buildings to rent studios in Downtown Dubai. This tower has dedicated underground parking and a shared swimming pool. If you are looking for a comfy living space that’s not costly, Burj Al Najoom can be your option. The project offers 450 sq. ft. studio apartments with a balcony.
Next, there are 1-bed apartments for rent in Downtown spread across 750 sq. ft. to 900 sq. ft. The average annual rent for these is AED 77k. Situated amid Burj Khalifa Boulevard and Al Asayel Street, Burj Views is one of the best buildings for renting 1-bed flats in Downtown. The complex has a 3-level basement and six elevators. Those who wish to enjoy nice views and location can consider the three-tower project, Burj Views overlooking the Dubai Canal.
With rents averaging at AED 122k, 2-bed flats in Downtown Dubai range from 1,200 sq. ft. to 1,800 sq. ft. Spacious and luxurious 2 BHK flats in Burj Khalifa are quite sought-after. The world’s tallest tower ranks among the top projects in Downtown to rent 2-bed apartments for many reasons. Besides gorgeous views and central location in the city, the skyscraper offers a range of luxury lifestyle amenities.
For more spacious properties like Downtown Dubai 3-bed flats for rent, the average cost would be AED 196k, per annum. The covered area for these units may range from 1,500 sq. ft. to 2,400 sq. ft. Whereas, renting a typical 4-bed apartment in Downtown that spans across 2,800 sq. ft. may cost you around AED 506k, on average.
Speaking of luxury apartment rentals, one can’t miss the range of penthouses in Downtown Dubai at the top of skyscrapers offering exclusive views. Interested tenants can choose between full-floor units, duplex units and apartments spanning across 3,000 sq. ft. However, the annual rent would vary based on these features.
Villas for Rent in Downtown Dubai
Since Downtown Dubai only has limited villas, you’d find them in projects like Boulevard Point and The Residences. You can expect to pay an average rent of AED 212k for 3-bed villas in Downtown Dubai. The covered area for such properties is around 2,600 sq. ft. to 3,200 sq. ft. while even bigger 4-bed units may span around 5,000 sq. ft. One may also find a few reasonable 2-bedroom villas for AED 161k, per annum on average and duplex properties for rent in Downtown Dubai.
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Villa Type
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Average Rental Price in AED
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2-Bed
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161,000
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3-Bed
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212,000
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4-Bed
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419,000
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MOST POPULAR BUILDINGS IN DOWNTOWN DUBAI
Burj Khalifa
The Address Residence Fountain Views
Burj Al Nujoom
The Address Sky View Towers
The Residences
