Renting a property in Dubai has been trending for the past few years. Many people from every corner of the globe are inspired by the luxurious residential properties and high standards of living in Dubai and they want to adopt the elite lifestyle of Dubai. That’s why a large number of people are moving and increasing the population of the city.
With the enhancement of the population, the demand for luxury rental properties in Dubai is also increasing. The rental price of the property is affordable and reasonable in Dubai as compared to other popular cities of the world. Many famous communities in Dubai offer the best properties for rent in different price ranges and of various types.
Through this article, we are going to reveal the 5 best properties for rent in Downtown Dubai – one of the most popular, top-rated, progressive, and energetic areas of Dubai.
Downtown Dubai – Community Overview
Known as the “Center of Now” mixed-up renowned development – Downtown Dubai was developed by Emaar Properties, one of the leading developers in Dubai’s real estate market.
Downtown Dubai is the tourist and entertainment hub. It is one of the most amazing communities in Dubai that offers luxurious, fabulous, and elite residential properties with stunning views and top-notch facilities.
Home to the tallest building in the world – Burj Khalifa, the building is an entertainment and tourist destination for shopping and many leisure facilities. The residents can enjoy plenty of dining options in this amazing building. Another attraction in Downtown Dubai is the choreographed show of the Dubai Fountain. The world’s largest shopping mall, Dubai Mall is also located in Downtown Dubai.
It is located in the center of the city and gives access to the business communities of the city like DIFC, Dubai Design District, and Business Bay, this accessibility makes Downtown Dubai a favorite destination for professional workers.
Downtown Dubai has exceptional infrastructure and a road map. It has an ideal location and plenty of residential and commercial properties available for sale and rent.
Downtown Dubai, an iconic and vibrant community is also known as the heart center of Dubai. Although it is one of the most expensive areas in Dubai, the standards of living, elite lifestyle, and top-notch amenities justify it. As a tourist hotspot, it also plays an important role in the city’s economic growth.
5 Most Popular Buildings To Rent In Downtown Dubai
Downtown Dubai is the home to Dubai’s most famous, progressive, and high-profile real estate projects. If you are moving to this iconic destination of Dubai and looking for the best rental properties in the most energetic and busy area of Dubai, there are numerous options available for rental properties. Here is the list of the five best properties to rent in Downtown Dubai.
- Burj Khalifa
- Old Town
- Burj Al Najoum
- Burj Views
- The Address Residence Fountain View
Burj Khalifa
At over 828 meters, and more than 160 stories, Burj Khalifa is the tallest freestanding structure in the world. It holds many records in the world and globally admirable and renowned projects in the world. It has the tallest elevator service in the world.
Due to its amazing iconic structure, many people wish to have an apartment at the top of the tallest building. The penthouse in Burj Khalifa is the most favorite property among the prospective renters in Dubai. The penthouses in Burj Khalifa give stunning views of the city. It is just like life among the stars. The residents can enjoy the beautiful views of the city’s skyscrapers and the Arabian Sea.
There is a relatively high rental price in this building, but the elite lifestyle and high standards make it a wealthy building.
Here is an overview of the rental prices in Burj Khalifa:
- The average rent for a studio apartment is AED 95k per annum.
- The average rental price for a 1-bedroom apartment is approximately AED 160k. ● For a 2-bedroom apartment, you are expected to pay AED 284K annually as rent. ● The average rental price for a 3-bedroom apartment is AED 433k.
Old Town
The second top-listed most famous building to rent a property in Downtown Dubai is Old Town. This building is famous for its traditional Arabian architectural design. It is a unique blend of modern skyline and old cultural heritage.
Emaar Properties developed Old Town as a residential project and it features 35 low-rise buildings. This project is divided into six districts:
- Yasoon
- Reehan
- Zafran
- Miska
- Zanzabeel
- Kamoon
There are more than 1500 residential units and here is the rental trend in Old Town in Downtown Dubai: ● The average rental price for a studio apartment in Old Town is AED 90,000. ● The average rental price for a 1-bedroom apartment in Old Town is AED 128,000 ● The average rental price for a 2-bedroom apartment in Old Town is AED 207,000 ● The average rental price for a 3-bedroom apartment in Old Town is AED 346,000
Burj Al Najoum
Another famous building to rent a property in Downtown is Burj Al Najoum. It is a grand three-tower mixed-up project and the only project in Downtown Dubai that is not developed by Emaar Properties. Burj Al Najoum was developed by Al Thuraya Real Estate Development Limited.
The amazing project offers 395 total residential units including 195 studio flats, 84, 1-bedroom units, 113, 2-bedroom apartments, and 3 penthouses at the top.
Other than residential properties, it offers health clubs, roof gardens, swimming pools, and many other facilities.
Here are the rental prices for different residential units in Burj Al Najoum:
- The average rent for studios per year starts from AED 45k to AED 65k.
- From AED 49k to AED 80k per year is the average rental price for a 1-bedroom apartment.
- The rental price for a 2-bedroom apartment in Burj Al Najoum lies between AED 88k to AED 160k per year.
Burj Views
Our fourth most amazing and popular project to rent a property in Downtown Dubai is Burj Views. It is a Key to Business with a three-high-rise building complex. Besides residential units, it has many retail centers including salons, supermarkets, and dining options, which is the main reason for its popularity.
Emaar Properties developed the complex Burj Views which features 736 units including studios, 1-bedroom apartments, penthouses, and duplexes.
The rental trends in Burj Views are as follows:
- The average rent for a studio is AED 81k per year.
- The average rent for a 1-bedroom flat is AED 134k per year
- The average rent for a 2-bedroom apartment is AED 253k.
The Address Residence Fountain Views
The last project in our five top-listed projects in Downtown Dubai to rent a property is The Address Residence Fountain Views. It is also a three-tower residential complex developed by Emaar Properties. The total number of apartments in the Address Residence is 786.
The apartments in this building give stunning views of the Dubai Fountain to residents. The luxurious residential units are surrounded by top-notch facilities including gyms, fitness clubs, pools, kids’ play areas, a sauna, and a jacuzzi.
The rental trends in The Address Residence are as follows:
- The average rent for a 1-bedroom apartment is AED 170k
- The average rent for a 2-bedroom apartment is AED 306k per year.
- The average rent for a 3-bedroom apartment is AED 509k per year.
Conclusion
Burj Khalifa, Old Town, Burj Al Najoum, Burj Views, and The Address Residence are the most famous top five buildings to rent a home in Downtown. Each property has its specialty and has some special and unique features for its popularity. For Instance, Burj Khalifa is famous as the tallest building in the world. Old Town is renowned for its traditional Arabian architectural style, Burj Al Najoum is the only non-Emaar property in Downtown Down, The Address Residence is popular because it gives stunning views of Dubai Fountain and the popularity of Burj Views is due to its prime location among commercial and residential hubs.