Property in Downtown Dubai

 | 
March 11, 2022
UPDATED: 
March 23, 2022
Property in Downtown Dubai

Downtown Dubai is an area in the very heart of a city. It is well-known because Burj Khalifa, the tallest tower in the world, is located there. As you can guess from the location, this area is a very profitable part of the city. If you are interested in property prices in Downtown Dubai, or any other area of the city, go over to the Ax Capital website. 

General Description

Since 2004, when the developer Emaar began construction on an unprecedented project, the whole world has been following the progress of its implementation with interest. According to the creators, Burj Khalifa is the centerpiece of the new Downtown Dubai freehold area, which includes business buildings, shopping complexes, hotels, housing, as well as one of the largest and tallest fountains in the world - the Dubai Fountain.

Downtown Dubai is one of the unique urban concepts and the largest urban development in the Middle East. The complex development around the Burj Khalifa skyscraper has already received the unofficial title of the most exclusive and expensive square mile on Earth with a total construction investment estimated at USD 23 billion. On an area of ​​more than 200 hectares, there will be about 30,000 apartments with the most recognizable address on the planet. Naturally, the most prestigious are the apartments in the Burj Khalifa skyscraper itself.

In sharp contrast to the skyscrapers rushing upward is the low-rise Old Town residential complex, located on the opposite side of the Burj Khalifa fountain, consisting of 6 blocks. Low-rise, 3-5 story buildings, made in the traditional Arabic style, immerse their residents in a leisurely rhythm of life filled with the spirit of traditions. Becoming an owner of real estate in Dubai in this area is a dream of many people.

The area is comprised of:

  • residential and office complexes with a height of 3-162 floors, 
  • apartments, 
  • hotel apartments, 
  • offices.

Infrastructure

In the immediate vicinity of the Burj Khalifa building is one of the world's largest shopping centers, The Dubai Mall, with an area of ​​more than 1,1 million square meters. On its territory there are:

  • about 1,500 shops, 
  • more than 150 cafes and restaurants, 
  • a 22-screen cinema, 
  • a real Olympic ice arena, 
  • a giant aquarium, 
  • an amusement park, 
  • a children's play center and much more. 

It was opened in November 2008 and has since become one of the most popular shopping and leisure destinations for both tourists and residents. At the foot of Burj Khalifa lies the Dubai Fountain, one of the largest and tallest musical fountains in the world. The height of its jets reaches 150 meters (about 50 floors). The fountain is illuminated by more than 6 thousand colored light sources.

Real Estate in the UAE

Are you planning to buy property in the UAE or in Dubai specifically? Contact the Ax Capital agency, and their experts will help you make the right choice from the presented line of off-plan properties and the ones that have already been built.  

Author

  • Chuck is Score LA’s Executive Director of Events and Marketing. He aims to help business owners and would-be entrepreneurs in Los Angeles improve their business practices.

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