7 Important Insights About Apartments for Sale in Downtown Dubai
An apartment for sale in Downtown Dubai would stand out for many things and primarily, for its location. Situated across the tallest dancing fountain and tower in the world, the largest mall, and the Dubai Canal, these are just a few of the major landmarks in the city, which can be steps away from your home if you live in Downtown Dubai.
It’s Affordable with Payment Plans
An apartment for sale in Downtown Dubai can be intimidating to house-buyers, and this is chiefly because of the myth that it is unaffordable.
This is a popular view because these apartments combine luxury with impeccable finishing in a prime location. Although these excellent amenities come with apartments in such a prime location, this does not mean that they are not affordable. An apartment in Dubai can be still within your means with special payment plans.
You can own a luxurious apartment in one of the world’s largest business hubs without any financial strain on your lifestyle. This is possible with AYKON City, which is an award-winning luxury freehold development that will allow you to see the breathtaking views of the Dubai Canal from the comfort of your home.
You Can Rent It for High Returns
As with gaining returns on any apartment in Dubai, a good way to do that is by renting or letting it out. This is how real estate investors earn on their apartments and properties.
Even if you’re away on a weekend or a vacation, you can rent it out and get returns. If you are searching for apartments in Dubai for investment purposes, you can expect to get returns of up to 10% annually. In ten years, you can get back the initial investment you made, while your apartment continues to increase in value.
It Increases in Value
Investing in apartments is well-recognized as a popular investment option, if not the most popular of all investments. This is because investing in residential apartments in Dubai is considered a safe investment.
With Expo 2020 just around the corner, the value of an apartment in Downtown Dubai is bound to increase in value.
An apartment for sale in Downtown Dubai (or Business Bay) offers ultimate access to most of the landmarks that drive tourists to Dubai.
This makes an apartment in Downtown Dubai a premium location, and a very safe investment option too.
It’s a Safe Investment Option
There is a formula to making a good investment in real estate. This formula comes down to three things:
It comes as no coincidence that location tops the list. Location is the major indicator, if not the pillar, of a good investment.
The amenities surrounding an apartment in Downtown Dubai are timeless, as they are always updated and refurbished to the best standards to meet tourist and world demand.
The demand is steady and increasing as it becomes more prestigious to own an apartment in Downtown Dubai, and the amenities are ready available inside the building and it surroundings. Therefore, it is a good idea to invest in an apartment for sale in Downtown Dubai at this time.
You Can Make It More Valuable
If you choose to buy apartments in Dubai, choose an apartment in Downtown Dubai or its surrounding neighborhoods, so that you rest your head assured on the quality of your apartment, especially if you are investing with DAMAC Properties – as we ensure that our apartments in Dubai are always up to standard and luxurious.
However, if you want to rent out your apartment for high returns and some passive income, you can depend on factors other than the building, the location, and the amenities. Start by adding finishing touches to your apartment. A new wide-screen TV or mattress that make you feel like you’re on a cloud, are bound to increase the value of your apartment in Dubai.
It’s a World Class Location
The landmarks we already mentioned are known internationally, distinguishing these apartments from other apartments in Dubai. Other than the Burj Khalifa and the stunning dancing fountain, Dubai boasts of quality infrastructure too. It is always improving, and the transport links in Downtown Dubai can help move its residents to practically all-around Dubai.
The restaurants in and around the area are plentiful, providing international cuisines to suit all tastes. You can grab a bite of shawarma, a cup of karak tea, or enjoy a luxury sushi dinner by the Dubai Canal.
Visitors and Residents Are Increasing in Number
According to a report by Standard Chartered, there will be 300,000 direct jobs and at least 1 million indirect jobs due to Expo 2020. 1 25-30 million visitors are expected to visit Dubai for the 6-month long event.
Real estate will also be benefiting from the surge in the market, with the demand for apartments in Dubai expected to increase further.
The Dubai Statistics Centre announced that Dubai's population in January 2016 was 2.4 million and will reach 5.2 million by 2030.
This means that the demand for apartments in Dubai will increase, and ultimately, the value of your apartment will continue to appreciate.
The apartments for sale with DAMAC Properties have elegant lobbies, 24-hour reception, concierge desks, landscaped gardens, gymnasiums, steam rooms, saunas, children’s play area and much more. You can find out more on the apartments for sale in Downtown Dubai and its surrounding areas by checking our list of properties on offer.
Source: 1; Khaleej Times
For more information about DAMAC's different investment options, please register your details in the form or call +971 4 520 5110