To say that Dubai is a city that never sleeps would be an understatement. It sometimes seems like a new residential area pops up every night as we’re tucked up in bed dreaming, each one more extravagant than the one before. In such a fast-paced and ever-expanding city, to consistently remain one of the best areas to live in Dubai is no small feat but it is one that Downtown Dubai is likely to boast about for many decades to come.
Not only is it home to the city’s most defining building, the Burj Khalifa, Downtown Dubai is overflowing with remarkable residential areas across a range of property types. It is one of Dubai’s most coveted addresses regardless of whether you’re living the bachelor life or raising a family of four.
With all its grandeur and high-end residential spaces, Downtown Dubai excited the interest of high-net-worth individuals in Dubai and became the third most popular location for renting apartments in June 2017. People favour the location due to its high-rise apartment buildings and views of the iconic Burj Khalifa. Furthermore, one can expect a 7%-9% ROI for apartments in Downtown, although some units been known to reach as high as 10% return on investment.
With Downtown being so close to Business Bay, this makes it an ideal place for investment as its only one metro stop away. This makes it perfect for people who work in Business Bay as its very close to where they work. As well as having your work close by which in fact will reduce time to travel, you have many outlets and shops all around you, And of course The Burj Khalifa, The Fountains, The Dubai Mall and many more.
With the rental yields being so high, this is why Downtown Dubai is on the hot list for investors.
There are many things which make downtown unique to other places and such a hot place for people to rent here.
The Dubai Fountain
Developed on the 24-acre Burj Lake, The Dubai Fountain is a landmark to acknowledge, as you can witness the expulsion of water that can reach extraordinary heights of 450 ft (140 meters). The structure is a creation of the California-based WET, the masterminds behind the Fountains of Bellagio in Las Vegas. The Dubai Fountain is 900 ft (275 meters) long and contains five circles of varying sizes along with two central arcs. The fountain stands proudly with over 6,600 WET Superlights and 25 projectors that produce an illuminating spectrum of kaleidoscopic colour. The beacon of light shining upward from the fountain can be seen from over 20 miles away and is also visible from space, making it the brightest mite of light in the Middle East. Choreographed to music, the fountain operates daily with a diverse playlist ranging from songs in Swahili to local popular beats. An exciting way to end a night in the town which will leave you submerged by its intensity.
Burj Khalifa
Known as the world’s tallest building, the Burj Khalifa stands at 828 meters and includes 160 stories whereby the tower’s three Sky Lobbies act as alteration areas for residents and guests. The Sky Lobbies are connected by express elevators that feature exclusively composed instrumental music, nostalgic of the background score of an adventure flick. The purpose of the dramatic music is to build an envisioned crescendo as the elevator reaches each floor. If you’re feeling peckish, the highly admired Armani restaurant boasts an expanded selection of delights that are sure to leave you fulfilled. The tower takes on a tri-petal form in order to allow every apartment to have an unrivalled view of the city. In addition, the incandescent lights at the top of the building provide the finishing touches to an astonishing piece of architecture.
Dubai Aquarium
The ideal place for families, the Dubai Aquarium & Underwater Zoo is an underwater wonderland. Placed at The Dubai Mall, the aquarium that maintains a capacity of 10 million litres of water offers an eventful and captivating insight into ocean life. As one of the largest indoor aquariums in the world, it exceeds in showcasing some of the most charismatic jewels of aquatic life. Just above the aquarium, the Underwater Zoo introduces visitors to a plethora of animals crossing from penguins and piranhas to crabs, seahorses and jellyfish. An exceptional new development at the Underwater Zoo is the King Croc, viewed as a miracle of nature due to its enormous length of around 5 meters and a weight of 750 kg. The Underwater Zoo regularly entertains various innovative exhibits which include a presentation of intriguing cephalopods along with the nocturnal creatures of the UAE. A fabulous chance to educate the public on the less domestic creatures of the animal kingdom.
Dubai Ice Rink
Admired as a major leisure attraction at The Dubai Mall, the ice rink can be located on the ground floor of the mall next to the Souk and has become a common trend, advancing to those on both ends of the age spectrum. The Dubai Ice Rink has succeeded in expanding its range of facilities to maintain its credentials as a must-see destination. This popular attraction hosts an energetic dance floor and a lively venue for all kinds of events. They assure unlimited fun for all whether you’re in the advanced stages of skating or a beginner. The ice rink has proved to be a physically challenging encounter that even offers children under 100 cm a chance to learn the art. Skate to the rhythm during a disco session or freestyle to your heart’s content and develop your skills.
…and many more places. This is why Downtown will remain on the hot list for investors.
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