Downtown Dubai’s Economic Attractiveness

The most popular tourist destinations in Dubai are located in Downtown Dubai, earning the region the nickname “The Center of Now” from the city’s planners. These include the Dubai Fountain and the Dubai Mall.

Investors are very interested in the neighborhood because of its central position, established infrastructure, and consistent flow of visitors, all of which create a strong demand for short-term rental accommodation. Expat employees are a sure bet to drive rental demand for apartments in Downtown Dubai.

Foreigners may purchase real estate in Downtown Dubai with complete ownership rights since it is located in one of the freehold zones. Real estate activity in the region increased in 2019, making it the second most popular location in Dubai after Business Bay. The sales of high-end apartments in Downtown Dubai surpassed all others in the Emirate in 2020.

Studio flats, which are popular among young expatriates, will have the greatest return on investment (5.9% by the end of 2020) in the area. One-bedroom units had the highest return at 5.1%, followed by two- and four-bedroom units at 4.7% and three-bedroom units at 4.3%.

Short-term apartment rentals to visitors, on the other hand, may provide returns as high as 10% annually. For an investor, hotel units might be an excellent choice. In reality, it’s more like renting out a hotel room with assistance from the hotel’s management firm. Owners may collect rental money on a consistent basis, while renters get the same treatment as hotel visitors.

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