The Guides

4 insider tips for buying property in Downtown Dubai

Thinking of buying a property in Downtown Dubai? Below are 4 tips from our Luxhabitat expert on Downtown Dubai.

Words by Ankita Bhowmick & Mikhail Vasilev in The Guides · Jan 18th, 2018

The upscale community of Downtown Dubai is home to some of the unrivaled residences include the Burj Khalifa ,the world's tallest tower. It also has a host of other attractions such as Dubai Mall and the Dubai Fountain - the world's tallest performing fountain system. If you fancy owning a home of your own in 'the centre of now', there is a lot that you will need to take into consideration in order to choose the property that suits you the best. Luxhabitat's Downtown Dubai expert - Mikhail Vasilev's tips might help you in the process in getting the right home for you in Downtown Dubai. 

1. Be Aware Of Upcoming Developments That Might Block Your View

While you choose your dream apartment in a high rise tower in the upscale community of Downtown Dubai, one of the main amenities that you get to enjoy are the stunning views. But what if after a few years the views that you enjoy the most gets blocked by the construction of another building next to that of yours? Properties close to that of Dubai Opera are most likely to get their views blocked in the near future. Therefore, it is important that you have a clear picture of the upcoming constructions of towers next to that of yours so as to not repent later. 

2. Look For Properties With A Reduction In Price

A lot of you might dream to own a property at one of Downtown Dubai's exclusive and elegant apartment blocks and enjoy the fantastic location along Dubai's Sheikh Zayed Road but are getting demoralised by the high prices of them. You can now take advantage of a number of properties at a reduced price.

3. Lower Return On Investment

A strong return on investment is something that a lot of buyers would want at the end of the day. The real estate market in Dubai offers an average yield of 7 percent, which is bout 2-3 per cent above the average yield in international property markets. But somehow the return on investment that Downtown Dubai offers is not as high as many other parts of the city like Jumeirah Village Circle, Dubai Marina and Jumeirah Lake Towers and therefore is not advised as one of the best communities for those who are looking for a high yield. This makes the area perfect for end-users.

4. The Best Buildings To Own Properties

Investing in a property is an important decision and therefore it is important for buyers to go for the properties which are the best in terms of facilities, design and specifications. Though each property keeps out-doing its respective neighbours, the best of them that we would like to suggest you would be The Address Boulevard, Act One|Act two and Downtown Views.

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