Undoubtedly, Dubai downtown is an amazing place to live and spend time with your loved ones. Like Burj Khalifa, the superlative residences –the world’s tallest building– are also home to some lucky places. The major charm of Burj Khalifa is the famous mall in Dubai- the Dubai Mall and the unmatched dancing fountain show. If you plan to buy a property in downtown Dubai, the center of attention, you must consider and evaluate major points before deciding. The following article will help you for a perfect home.
1. Make sure of the future developments around the building, as they might block your view
Most people buy property in downtown Dubai to see the amazing views, which cannot be seen anywhere else in the city. You should be aware of the major developments around your tallest tower because they might block your view in the future. The main attraction of living in a high-rise building is to see the downtown beauty, which, if blocked, will make everything else useless. The property in Dubai Opera will probably get construction and can block the views. Therefore, ensure that future structure is happening around your tower to not block the stunning views from your building.
2. Profitable investment
Everyone wants a profitable investment; no one wants a low return on their property investment. The average yield in Dubai’s real estate market is around 7%, almost 2 to 3% higher than the international market average yield. Sadly, a higher return on investment is not the case in Dubai downtown compared to Dubai Marina, Jumeirah Lake Towers, and Jumeirah Village Circle. If you are looking for a higher yield than Dubai, downtown is not the right choice. The area is good for people who live on rent as they do not own the property and thus do not want high returns.
3. The best towers of Dubai’s downtown
We all know that property is quite expensive in Dubai; though the prices have risen, not everyone can easily buy a Dubai property. If you have enough savings and want to invest in Dubai, look for a property with specifications, design, and basic facilities. If Dubai downtown is the last and first option, go for the address boulevard, Act Two, and Act One, with amazing views of Dubai downtown.
4. Look for a lower price for the property
Do not buy an expensive property; always look for good and affordable options before deciding. The apartments in downtown Dubai cost around AED 1,490,000 and AED 5,990,000; however, a penthouse in downtown Dubai costs around AED 13,000,000. Everyone dreams of getting an apartment in Dubai downtown, close to Sheik Zayed Road, and giving stunning city views, but the price factor is the main hurdle. Right now, the properties are at a reduced price that one can take advantage of.