Property in Dubai


Despite the fact that Downtown is located in the heart of the city, it continues to be actively built and is one of the most attractive in terms of investment. Downtown real estate is represented by business centers, hotels, high-rise residential complexes, characterized by beautiful views and state-of-the-art amenities. Flats in Downtown Dubai for foreigners may become a highly profitable asset.


Pros and cons of the Downtown area


The main advantage of the area is its location and infrastructure. Not only are many of the most interesting places for tourists in the city located here, but it is also possible to quickly and easily get to almost any other area.

Regardless of the time of year and day, Downtown is always full of life. It is also known for the luxurious lifestyle of its inhabitants.


However, it is precisely because of this that the area may not be to the taste of some. If you do not like large crowds and noisy places, then it is better to prefer areas that are less popular with tourists and more remote from the center of Dubai. In addition, it should be taken into account that due to its favorable location and popularity, real estate in Downtown is on average 1.5-2 times more expensive than in other areas of the city.


The disadvantages for expats include the fact that getting to the sea on foot will not work because of the Sheikh Zayed Highway separating the center of Dubai from the Persian Gulf. However, you can overcome this barrier using public transport or a car: bus route 81 will take you to the sea in 45 minutes, while by car this distance can be covered in 15-20 minutes. In addition, the area has a large number of pools, which to some extent compensates for the inconvenience of access to the sea.


Real Estate in Dubai area Downtown


Since the area of Downtown Dubai is small, high-rise buildings predominate here. Therefore, the most common type of real estate in Downtown is apartments with a different number of bedrooms (usually from 1 to 3), as well as penthouses. The cost of one-bedroom apartments starts from USD 450,000.

In addition to apartments in a skyscraper in the center of Dubai, you can buy a townhouse or a villa located on the top floor, and even buy an entire floor in a building that is ready or still under construction.


Today, there are more than 120 residential complexes in the Downtown Dubai area, some of which are at one of the stages of construction. Among the finished buildings, recently put into operation, we can distinguish:


  • Elite project Burj Vista, consisting of 2 towers. The height of the first is 65 floors, the second is much lower, only 20 floors. There are 640 luxury apartments in just two towers, most of which have their own terraces with gorgeous views of the center of Dubai;
  • The three-tower complex The Address Residence Fountain Views, from the windows of which fountains and the majestic Burj Khalifa are clearly visible. Two of the three towers have 59 floors each, the third is 65 floors high;
  • The three-tower complex The Address Residence Fountain Views, from the windows of which fountains and the majestic Burj Khalifa are clearly visible. Two of the three towers have 59 floors each, the third is 65 floors high;


Real estate in Downtown is an excellent investment option, not only due to the quick payback, but also because of the loyal policy of the authorities. A foreigner can become the owner of residential or commercial real estate without not only having UAE citizenship, but even without having a residence permit. Moreover, starting from a certain amount of investment, they serve as a reason for the accelerated receipt of a residence permit.


Credits: Unsplash; Author: Mohammed Nasim;

Add to this a high rental yield (and often real estate in the center of Dubai is purchased for this very purpose) and it becomes completely clear why such investments have recently been gaining popularity.


Real estate agency in Dubai


Summing up, we can say that the Downtown Dubai area is an interesting and attractive place for various categories of investors, as well as those who plan to move to the Emirates for permanent residence. There are many attractions here, and a developed transport network allows you to easily visit the rest of the city. AX CAPITAL agency will assist you in choosing the property perfect for you and your investment strategy.