No doubt Dubai downtown is an amazing place to live and spend time with your loved ones. The superlative residences like Burj Khalifa –the world tallest building is also home to some lucky residences. The major charm of Burj Khalifa is the famous mall in Dubai- the Dubai mall and the unmatched dancing fountain show. If you are planning to buy a property in downtown Dubai which is the centre of attention, you need to consider and evaluate major points before deciding any. The following article will help you tofor getting a perfect home.
1.Make sure of the future developments around the building as it might block your view
Mostly people buy property in downtown Dubai to see the amazing views, which cannot be seen from anywhere else in the city. You should be aware of the major developments happening around your tallest tower because it might block your view in future. The main attraction of living in high rise building is to see the downtown beauty, which if blocked will make everything else useless. Mostly the property in Dubai opera will get the construction in future and can block the views. Therefore make sure about the future construction happening around your tower so that it will not block the stunning views from your tower.
2. Profitable investment
Everyone wants to have profitable investment; no one wants to have a low return on their property investment. Thein the real estate market in Dubai is around 7% which is almost 2 to 3% higher than the international market average yield. But sadly the higher return on investment is not the case in Dubai downtown as compared to areas like Dubai Marina, Jumeirah lake towers, and Jumeirah village circle. If you are looking for higher yield than Dubai downtown is not the right choice for you. 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 downtown
We all know that property is quite expensive in Dubai, though the prices have come down still, not everyone can easily buy a property in Dubai. if you have enough savings and wants to invest in Dubai, then look for the property which has specifications, design and all the basic facilities. If Dubai downtown is the last and first option, then go for the address boulevard, act two and act one with amazing views of Dubai downtown.
4. Look for a lower price of the property
Do not buy an expensive property; always look for the good and affordable options before deciding any. The apartments in downtown Dubai costs around AED 1,490,000 and AED 5,990,000, however, the price of a penthouse in Dubai downtown is around AED 13,000,000. Its everyone dream to get an apartment in Dubai downtown which is close to Sheik Zayed road and gives stunning views of the city but the price factor is the main hurdle. Right now, the properties are at a reduced price that one can take the advantage of.