70% Property Occupied In Downtown Dubai

Downtown Dubai has perfect homes for executive singles, couples and small families. Buyers from UAE and outside are interested in buying apartments in Dubai.

Downtown Dubai, one of the urban developments consists of projects like Dubai Fountain, The Address, Emaar Square, South Ridge, The Dubai Mall, Emaar Boulevard, The Residence, The Old Town, The Old Town Islands, Burj Park Island and the most prominent Burj Khalifa. After economic down break property rates have fallen flat too. This has resulted into more buyers for Downtown Dubai. Plenty of Dubai properties for sale are available at Downtown Dubai.

Most of the self employed people in Dubai are making property investment in downtown Dubai. Sources say that around 70% of the apartments are occupied in downtown Dubai. There is a higher ratio of studios and one bedroom apartments in downtown hence it is more beneficial for couples, small families and executive singles. Downtown Dubai is one of the notorious areas in Dubai and recently it is gaining more popularity due to its lower rents. Most of the Dubai real estate agents say that downtown Dubai is seeing mix of buyers from different parts of the world like China, Pakistan, India and UAE. They all are aiming for a long term investments. Agents also informed about the maintenance charges which range between Dh22 per square foot to Dh55 per square foot. In some areas maintenance charges have dropped from Dh47 per square foot to Dh43 per square foot. With dropping maintenance and rental charges Dubai Downtown is witnessing array of customers and will see more of them throughout the year. Florentino Rios, a Spanish migrant who has settled in Dubai for further studies says, "Small apartments in Downtown Dubai have been blessing for singles like me. I can afford the rent and save money for other spending." Many students like Florentino are now opting to stay in downtown Dubai because the rents have dropped drastically so they can save a lot of money.

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