Properties for Sale in Downtown Dubai

Sightseeing and Entertainment in Downtown Dubai

Downtown Dubai offers enjoyment for individuals of all ages, from art galleries to shopping and ice skating. The main cultural and amusement sites in Downtown Dubai include:

• The Burj Khalifa, the tallest building in the world.
• The Dubai Fountain the world’s largest singing fountain in an artificial lake.
• Dubai Opera.
• The Dubai Mall the largest shopping and amusement complex in the world, with an area of ​​10,763,910 sq. ft.
• Dubai Aquarium & Underwater Zoo.
• Dubai Ice Rink.
• Burj Park.

Burj Khalifa

The Burj Khalifa is a 160-story building of 2,755 ft in height, with two observation decks, offering breathtaking views of the entire UAE, and is one of the most iconic signs of Dubai. The building accommodates the Armani Hotel Dubai, many restaurants and offices, and premium private real estate (some apartments and the penthouse are for sale).

The cost of visiting the iconic tower and taking part in a building tour starts from 149 AED (USD 40). One of the most popular events in the Burj Khalifa attracts tourists worldwide, is the sensational New Year’s light and laser show with grand fireworks.

The Dubai Fountain and Burj Khalifa Lake

The man-made Burj Khalifa Lake is 129,166 square feet and is located at the foot of the tower of the same name. The world’s largest singing and dancing fountain has been built in the pool, and a free show is held here multiple times daily. The design includes 6,600 light sources, and the water jets rise above 492 ft. Up to 83 thousand liters of water simultaneously take off into the air during the show.

Dubai Opera

The cultural hub of Dubai is the Dubai Opera, a 2,000-seat musical theater. The incredible structure is a glass-walled, boat-shaped building with a transformable stage structure. Theater shows, concerts, productions, and international shows are annually held here.

Shopping at The Dubai Mall and other shopping malls in Downtown Dubai

The area of ​​the world’s largest shopping hub is 10,763,910 sq. ft, which is almost half of Downtown Dubai. The Dubai Mall is a kind of “city within a city”, where in addition to world top shopping brands, one can also find all types of enjoyment options as well, including:

• Dubai Aquarium & Underwater Zoo, is one of the world’s largest oceanariums with over 140 species of marine life.
• Dubai Ice Rink with figure skating lessons.
• Cinema complex.
• A real skeleton of a dinosaur that lived 155 million years ago.
• Virtual reality amusement park.
• EKart Zabeel, an indoor e-karting space.
• Trampo Extreme a trampoline park.
• KidZania is an entertainment and academic center for children with an area of ​​26,246 square feet.
• Mediclinic.
• SPA centers and beauty salons.
• Restaurants, cafes, snack bars, and Shesha bars.

The Dubai Mall accommodates international, regional, and local brands that cover all product lines, from new fashion to literature and technology. The Fashion Avenue shopping gallery sells products from top-ranked brands like Chanel, Prada, Louis Vuitton, and probably every other luxury brand just beyond your imagination.

Another iconic mall in Downtown Dubai is the Souk Al Bahar. This is a small shopping mall with the unique elegant design of an oriental bazaar (its name is translated from Arabic as “sailors’ market”). There are about 100 small shops, including local perfumes, spices, dried fruits, and over 20 restaurants. The newly opened Time Out Dubai is also located here, where many local F&B shops from around the city deliver their elegant dining experience all within the same venue.

Beach Vacation

Downtown Dubai is located east of Sheikh Zayed Road, which separates it from the Arabian Gulf as it connects the highway, so it’s impossible to reach the sea while walking. However, the distance between the border of the district and the coast is less than two miles.

One can get to famous public beaches, such as Jumeirah Beach, in just 15-20 minutes by car or 45 minutes by bus #81. A trip to the Open Beach by car or cab will take less than 15 minutes, and by bus #81 – less than 40 minutes. In addition, there are many swimming pools in Downtown Dubai, which can be found in almost every residential complex.

Sports and Fitness

Burj Park is a small garden with a jogging and running track where one can go jogging or for a simple walk, even with a pet. For active residents, Downtown Dubai has an automatic bike rental system, where you can take a bike at one station and leave it at the next station. The area also has several fitness centers, including the popular Fitness First Al Manzil Platinum, Fitness 360, and Flywheel Sports Dubai, which are equipped with state-of-the-art facilities.

Economic Attractiveness of Downtown Dubai

The developers of Downtown Dubai call the spot “The Center of Now”, as it continuously draws the attention of tourists worldwide and accommodates the most visited attractions of Dubai: The Dubai Fountain and The Dubai Mall.

Due to its prominent location, well-developed infrastructure, and a continuous flow of tourists, which ensures a high demand for short-term rental housing, the district attracts investors powerfully. In addition, Downtown Dubai has many offices that provide direction for apartment rentals from outside workers.

Downtown Dubai belongs to one of the freehold zones, which means outsiders can buy real estate with full ownership. In 2019, the district became Dubai’s second most trending spot (Business Bay is the first one) by the number of real estate dealings. In 2020, Downtown Dubai became the Emirate’s leader in luxury apartment deals.

At the end of 2020, the most increased ROI in the district of 5.9% was recorded for studio apartments, as this is the type of accommodation preferred by young foreigners to rent. The average ROI for one-bedroom apartments is 5.1%, two and four-bedroom apartments have a return rate of 4.7%, and three-bedroom flats bring in 4.3%.

However, ROI can be much higher – from 10% per year for those renting out apartments to visitors and tourists on a short-term basis. A good option for an investor in this case could be hotel apartments. It is more like a hotel room, where the company that works with the operating hotel will help rent out the apartment. The residents will be provided the same service as all hotel guests, and owners can permanently receive income from their rental residences.