DOWNTOWN
About Area
Strategically positioned in the heart of Dubai, Downtown Dubai stands as a premier investment destination, surrounded by iconic landmarks and a dynamic urban landscape. Bordered by Business Bay to the south and Al Wasl to the north, this centraldistrict is a nucleus of economic activity, cultural richness, and architectural brilliance.
Key Features
- Rental Yield: Downtown Dubai consistently boasts impressive rental yields, averaging around 7-9%, outperforming many global real estate markets.
- Property Appreciation: Over the past five years, property values in Downtown Dubai have experienced an average annual appreciation of 5-7%, showcasing a steady and lucrative growth trajectory.
- Commercial Space Demand: The demand for prime commercial spaces in Downtown Dubai has surged, with a notable 15-20% increase in leased office spaces over the last two years, indicating a robust business environment.
- Tourist Footfall: The district’s iconic landmarks, including the Burj Khalifa and The Dubai Fountain, attract over 15 million tourists annually, providing an extensive market for short-term rentals and tourism-centric investments.
Real Estate:
- Residential Property Breakdown: The majority of properties in Downtown Dubai consist of high-rise apartments (70%), with an average price per square foot ranging from AED 1,500 to AED 2,500, ensuring diverse investment options.
- Commercial Property Dynamics: Prime commercial spaces command rental rates between AED 150 to AED 200 per square foot, showcasing the district’s appeal for businesses seeking a prestigious address.
