Resale properties for sale in Downtown Dubai
Downtown Dubai, the heart of the city, is the pearl of the emirate. The best tourist attractions are located in this area. It also offers a great variety of luxury real estate in Dubai, entertainment, and shopping, which are always impressive for locals and visitors from abroad.
Despite the various skyscrapers, and residential and business centers, residents appreciate that the towers are located far apart from each other. You can buy a secondary property in Downtown Dubai in the central part of the district and in Old Dubai. The real estate options are cozy flats, apartments, and premium penthouses. Houses in the Old Town are low-rise. Local brand-new buildings, with streets and shady gardens, are made in the Arabic style.
Features of the area to buy a resale property in Downtown Dubai
Downtown Dubai is a huge residential and commercial development stretching along Sheikh Zayed Road. It’s a dynamic urban center, one of the most exclusive and iconic places in Dubai, and the heart of the emirate. It has many key attractions, impressive, especially to those seeing them for the first time:
- The world’s tallest skyscraper, Burj Khalifa.
- The 2,000-seat Dubai Opera.
- The Souk Al Bahar shopping complex, designed like an Arab market.
- The Dubai Fountain.
- The Dubai Mall.
- The Burj Khalifa artificial lake.
In addition to being one of the busiest tourist destinations in the emirate, it’s considered the perfect place for those who like living in the thick of things and being at the center of attention. There are many luxury five-star hotels, first-class entertainment venues, and branded shops. Gastronomic gourmets will appreciate the local restaurants, for example, in Souk Al Bahar, and on Mohammed Bin Rashid Boulevard.
The neighborhood has everything you need for a comfortable life. Despite the high business activity and variety of offices, the area is suitable for families with children. There are several good schools and kindergartens: Babilou Nursery, Blossom Downtown Nursery, GEMS Jumeirah Primary School, and International Horizons College. There are also many children's clubs, playgrounds, and parks for fun and family recreation in the community.
From the district, you can quickly reach key locations such as:
- The Dubai International Financial Centre Business Center is 5 minutes away.
- The Dubai International Airport is 10 minutes from the neighborhood.
- Jumeirah Beach is 13-minutes away.
- The Dubai Creek Harbor is 20 minutes away from the community.
Public transport is available if you don't have a car. In addition to numerous taxis, the district provides F13 buses for its residents and guests, which are comfortable for traveling in the community.
The Dubai Mall/Burj Khalifa Metro Station is popular for those who prefer public transport. The Emirates Towers Metro Station is also a short walk from the community.
Downtown Dubai has been designed to be pedestrian-friendly, so guests from abroad and residents of the neighborhood can walk along local boulevards and streets safely.
Real estate in Downtown Dubai
Local real estate includes properties of various configurations and designs for every taste and budget., These parameters can vary considerably, depending on the building. The community has both small studios and luxury apartments with four or five bedrooms. You can find houses and buildings in different architectural styles. From low-rise residential buildings in the Middle Eastern style in the Old City to ultra-modern mind-blowing skyscrapers in the center of Dubai, there’s real estate for everyone!
In addition to first-class apartments, Downtown Dubai projects also include villas and townhouses on the lower floors of residential complexes. As a rule, these houses have from three to four bedrooms.
The community is suitable for ex-pats coming to the emirate for the first time and also those who have been living in the city for many years. The status and high-quality development of the district attract residents from all over the world.
Secondary real estate prices
As in other parts of the city, secondary property for sale in Downtown Dubai, the UAE, consists of brand-new apartments that have retained their charm and quality. Most apartments in Dubai in this community do not need renovation and do not require additional costs unless you prefer more fashionable and advanced interiors.
Secondary housing in Downtown Dubai for foreigners in residential complexes is available in the buildings constructed earlier, e.g., South Ridge buildings (2008), The Lofts (2009), The Act Towers (2017), Burj Vista (2018), and various others.
The average secondary real estate prices in Downtown Dubai for a one-bedroom apartment are AED 1,770,000 ($483,000). The average resale property cost in Downtown Dubai to rent such apartments is AED 110,000 ($30,000) a year.
You can also buy an investment resale property in Downtown Dubai and earn rental income. The average rental yield in the neighborhood is 6.2% per year.
You can find out the current value of the secondary housing stock in Downtown Dubai on the official Ax.Resales website!
Buying a secondary property in Downtown Dubai
Are you planning to buy a house in Dubai or another part of the emirate? Start searching today on the Ax.Resales website! We have collected the best secondary real estate for sale in Downtown Dubai from verified homeowners with detailed photos and descriptions, as well as current prices in euros and dollars. The company's managers will help you secure a property for living or a profitable investment, as well as conclude a quick and secure transaction with the owner of the home you are interested in.
To consult with a specialist in secondary properties in Downtown Dubai, leave a request on the website or call the number.