Property for Rent in The Address Residence Sky View, Dubai

Downtown Dubai is a modern, stylish neighbourhood of Dubai that has succeeded in revitalising the Emirate with enormous construction initiatives. Downtown is commonly referred to as the city's business district due to business centres, banks, and shopping malls. Downtown's construction began in 2004, and it is now the most sophisticated metropolis with all of its structures. Downtown Dubai is the city's heart and the Emirate's most significant building project. The tallest structure in the world, Burj Khalifa, the biggest retail complex in the world, The Dubai Mall, and the largest global dancing and singing fountains are all located here.

Downtown Dubai is the smallest area in Dubai, measuring approximately 2.5 square kilometres, or a 1.5x1.6 Kilometre rectangle of land. Emaar Properties, founded in 1997 exclusively for constructing the Downtown area, built this region. The Dubai government owns the majority of Emaar Properties.

Downtown Dubai City Guide

Downtown Dubai is a must-see for any visitor, with iconic monuments, world-class shopping, and stunning promenades. It boasts plenty of wow-factor for visitors, with symbols such as the state-of-the-art Burj Khalifa, The exquisite Dubai Mall, and the beautiful Dubai Fountain. However, in addition to expensive stores, spectacular architecture, and fancy five-star hotels, the region has an urban sense of community due to its walkable design.

A trip to the viewing platform of the world's tallest skyscraper, the Burj Khalifa, is a terrific way to begin any Dubai vacation and provides the opportunity to take some very memorable images. The Dubai Fountain, with its unique music, water, and light show, is only a few metres away, as is The Dubai Mall, among the world's largest shopping complexes. Downtown may seem urban, but patches of green in the area, such as Burj Park, offer spectacular vistas. The park frequently hosts large-scale events, such as Market OTB, a pop-up market held each winter during the Dubai Shopping Festival.

Wander down Sheikh Mohammed bin Rashid Boulevard's beautifully planted promenades, which are lined with enticing restaurants. Following its curves will most certainly lead you to the Dubai Opera, the city's entertainment heart, which hosts a regular schedule of concerts, theatre, and other events. This area comes alive at night, featuring tall palm trees lit with fairy lights, outdoor terrace tables bustling with meals, and opera-goers dressed to the nines.

The blend of traditional and modern architecture is difficult to overlook - gigantic towers and glittering buildings lie side to exquisite Arabian-styled constructions, with spaces of green to enjoy. It's the finest of Dubai, and all rolled into one. Take the Dubai Metro to the Burj Khalifa/The Dubai Mall stop. You must cross the metro connection bridge to reach the Dubai Mall.

Demographics

Downtown Dubai has a population density of 100,000+ 7n per 2 km2 (0.8 sq mi). Asians comprise 71% of the total population, or nearly 85% of the ex-pats, with India contributing 51%. There are around 180,000 Chinese people in the United Arab Emirates, with 150,000 residing in Dubai. Many Chinese immigrants come from Wenzhou province, and many are company owners and traders who run and manage hundreds of retail establishments around the UAE.

Who Lives in Downtown Dubai?

The locality of Downtown Dubai is home to Professionals with high earnings, Families and individuals who appreciate the urban environment and Residents that want to live a luxurious and comfortable lifestyle.

Despite the hundreds of tourists who fill the area's hotel accommodations, residents in Downtown Dubai are rarely overwhelmed by the crowds - at least not outside of The Dubai Mall. Many young and/or well-paid executives choose to reside in Downtown Dubai, either by themselves or with their spouses and families.

Average Downtown Dubai Housing Pricing Trend For Rent

An extensive selection of apartments for rent in Downtown Dubai, both ready and off-plan, are for sale in Downtown Dubai. There are options for opulent penthouses and duplexes in the neighbourhood, as well as apartment layouts with studios to five bedrooms.

Downtown Dubai has seen a rapid increase in rental prices and this sharp rise in asking Downtown Dubai rent for properties can be attributed to the increased number of expats interested in relocating to the emirate after implementing flexible resident visa programmes. With travel restrictions being loosened throughout the world and the emirate's effective regulations ensuring a decent living standard for its citizens, the new surge of foreigners willing to name Dubai their long-term home is not surprising. 

The Average rental price in Downtown Dubai currently stands at 125,000 AED and the rent starts from 20,000 AED.

Property Types Available with Average Rent Price Trend

The neighbourhood combines high-rise apartment complexes and low-rise homes and villas. The skyscraper residential structures are generally equipped with enormous glass windows that provide magnificent scenery of the neighbourhood and its attractions.

Residents who prefer a more classic Arabic architectural design may select residential buildings. Brown-coloured buildings that resemble old Arab courtyards serve to connect Dubai's traditional feel and its future ambition. Most buildings or complexes offer their own pool access,  as well as gyms and underground parking.

The average yearly rent in Downtown Dubai for a 1 bedroom apartment is 105,000 AED which is 15.53% increase from 2021, the yearly rent for a 2 BHK apartment is 222,000 AED which is a 43.42% increase from 2021, and the yearly rent for a 3 BHK apartment is 321,000 AED which is a 3.39% increase from 2021. 

Average Cost of Living in Downtown Dubai

A bachelor's basic cost of living in Dubai varies depending on his way of life. Monthly utility expenditures for a single individual living in a studio in Dubai will vary. This cost shall cover DEWA, mobile plans, the internet, and television. Depending on your spending, monthly grocery costs in Dubai can be as minimal as a lot. Transportation costs for a monthly public transit pass can add to a single individual's living expenses in Dubai. Obtaining a Dubai driver’s licence and paying for gasoline will add to the total living expenses in Dubai for singles who choose to buy a car. 

A newly married couple's minimum living expenses in Dubai will be substantially more than those of a bachelor; based on their lifestyle, the expenses will differ. Depending on the neighbourhood, 1 BR flats in Dubai represent the most cost-effective housing option compared to bigger houses. Bigger families will have a higher cost of living. 

Average Rent By Housing Type and Size

Luxury apartment renters have also indicated a preference for rental homes in Downtown Dubai. Prices in this area have increased overall. Asking for a 1-bedroom apartment for rent in downtown Dubai typically ranged from AED 105k to AED 321k annually. The rental prices of 2-bed units saw the largest increase, rising by 43.42% to an average of AED 222k. The fact that more Elite Downtown residences are available for rent can be blamed for this rise.

Life and Style

If you live in Downtown Dubai, you will never be bored. For foodies, Mohammed Bin Rashid Boulevard has restaurants and cafes offering everything from nutritious snacks and gluten-free delicacies to the greatest theme restaurants in Dubai, such as Spice Klub, The Fish House, and others.

The Burj Khalifa is the ideal backdrop when you need a fresh profile picture. The Dubai Mall will function as the second home you've always desired for all you shopaholics out there!

Local Scoop

Property sales trends in the first half of 2022 reveal that average prices of reasonably priced properties in Dubai increased while rates in upscale areas increased, and the emirate's real estate sector appears to maintain the boom in the coming months despite the bleak regional and global economic outlook.

High-net-worth investors continue to select Arabian Ranches, Dubai Hills Estate, Downtown Dubai, and Dubai Marina, while small-ticket investors prefer suburban regions such as Dubailand, Business Bay, Damac Hills 2, and Jumeirah Village Circle.

Explore The Area

If you'd like to live or visit where the action is, go no farther than Downtown Dubai, one of the city's liveliest neighbourhoods. The neighbourhood is home to many of Dubai's top shopping, dining, and entertainment establishments, making it a tourist's delight, a renter's dream, and an investor's paradise. 

Downtown Dubai practically hums with must-see attractions for individuals of all ages. Because there are so many things to explore in Downtown Dubai, it's not a stretch to claim that you can't walk two steps without coming across some world-famous structure. Experience the beauty of the Burj Khalifa, Dubai Mall, Dubai Opera, Dubai Foundations, and other landmarks. Among the few spots in the city in which you can live entirely on foot. One of the most fun things to do in Downtown Dubai is explore Mohammed Bin Rashid Boulevard. It is one of the nicest places to walk and is home to various restaurants, cafes, and boutiques.

Universities and Schools

For people living in the heart of Dubai, the area provides a diverse range of housing options. Despite the fact that it lacks information on educational institutions, we will help you narrow down your hunt for schools near Downtown Dubai. Babilou Nursery Downtown, Hartland International School, JSS School, Blossom Downtown Nursery Dubai, GEMS Wellington Primary School, North London Collegiate School, etc. are a few of the area's well-known schools

Café & Restaurant

Eating establishments in Downtown Dubai are unmatched, thronging with excellent eateries and cafes to serve the neighbourhood's many residents and tourists. The best restaurants in Downtown Dubai offer a variety of cuisines, meal types, and occasions, making its vibrant dining scene the main draw. BiCE Mare, Kanpai Restaurant & Lounge, Inka, Patiala, New Silver Paradise, The Restaurant at Address, Lounge, Aquarius, and others are some of the area's well-known eateries.

Clinics and Hospitals

Dubai is renowned for its top-notch healthcare, attractions, affordable taxes, and steady economy. Some of the best medical facilities and hospitals in the UAE are located in Downtown Dubai. The government has recently backed the hiring of more medical personnel and the establishment of more accredited medical facilities in an effort to improve the health of all of its citizens.

Mediclinic, Dental & Aesthetic Centre, Drs. Nicolas & Asp Medical, Medicentres Polyclinic,  iCare Multi Specialty Clinic, Excellency Physiotherapy Centre, Prime Medical Centre, Al Qudra Medical Clinic, Al Sayegh Medical Centre, Al Zahra Pvt. Medical Centre, etc. are a few of the well-known healthcare facilities in the area.

Shopping Centers

Shopping is a favourite pastime activity in Dubai and is enjoyed by both residents and visitors. In Dubai, you can purchase anything, including the finest gold, designer clothing, cutting-edge equipment, and luxury goods. The city is filled with retail and shopping establishments, many of which have evolved into Dubai landmarks. Traditional markets, or souks, which frequently come with enormous shopping malls, are where traders can sell goods like gold, clothing, spices, carpets, and rugs.

The Dubai Mall, Gallery One Dubai Mall, MB&F M.A.D. Gallery, Gallery One, Souk Al Bahar, Kinokuniya Book Store, Galeries Lafayette, Level Shoe District, Trampo Extreme, The Dubai Mall, Marks & Spencer, Petzone Sheikh Zayed, etc. are a few of the area's well-known shopping centres.