Emaar Property’s flagship development, the over 20-billion dollar worth Downtown Dubai district, daily becomes more and more sought residential location among young people engaged in business and with a taste for high quality living. This is an easy to explain fact with the development’s central to the city location offering easy access to all key areas combined with the high quality facilities and services offered by Emaar.
One may say, Downtown Dubai living is expensive! And unarguably it is, but most things in life come with a price tag. So, it is important to set your priorities straight and chose where and how you would like to live. To some people, it may be more suitable to live in suburban areas like Mirdif or the Arabian Ranches and drive 30 minutes to work, but to have larger homes. For others, the easy access to a spacious boulevard, humongous entertainment facility like the Dubai Mall in a walking distance and a rich calendar of events may be of higher importance.
What the Downtown Dubai offers that you can’t read about it in the advertisement brochures?
Safety and security! You are constantly guarded either by hidden security cameras or by security guards. You are so much watched that sometimes it could be even a little too much. Residential buildings entrances are all with restricted access. If you forget your card, it could be annoying, but when you have children it is very reliable.
Talking about children, the residential buildings in the Downtown Dubai are all equipped with children playgrounds and swimming pools. Community areas are allocated in most of the buildings, like for example in the Burj Views, where you can host kids-themed parties. In the communal areas you can organise also different social events and even seminars.
When it comes to food, the choice is richer than everywhere else in Dubai. All chains of supermarkets have set up branches in the Downtown Dubai. You can shop for groceries at the Carrefour, Spinneys or in the Witerose. The variety of restaurants and cafes is truly confusing, because there is so much on offer. Between the food and beverage outlets of the Dubai Mall, the Souk Al Bahar, the numerous five star hotels around and the fast growing number of street cafes, you can eat breakfast, lunch or dinner at a different place every weekend of the year.
However, the big bonus of the Downtown Dubai living right now is actually related to the value of the rents. Contrary to some media reports about rising rents, in the Downtown Dubai rents remained unchanged since the summer of 2011. Yes, you can browse through various offers on Dubizzle and compare listings. You can find a range of prices differing by some 30% to 40%, but this is absolutely normal as different landlords are free to set different prices according their individual estimates.
Moreover, in the course of the 2013 rents in the Downtown Dubai will slightly decrease, because of the huge supply being currently released. Nearly a thousand of brand new apartments are right now hitting the propert market, making the variety of choice for prospective tenants richer than ever. Naturally, the new apartments may be more appealing especially to younger people. This will affect negatively the rents in the already established neighborhoods like the The Old Town, the Burj Views, The Residences and The Old Town Island. But this is exactly what a tenant may be looking for – decreasing rents in the hottest residential area of the city!
In addition to that, tenants are protected by a 2-years rental cap in Dubai. This means that if you negotiate a reasonable rent in Downtown Dubai now, by law your landlord cannot increase it next year. At present, this is quite important as inflation is quickly invading all consumer-related areas of life. In two years from now, the rent you can negotiate at present in a primary residential area like the Downtown Dubai, it will look most probably cheap.
All of the above arguments describe the positive aspect of living in the Down Dubai. You may have a look for yourself at the listing of the Downtown Dubai Specialist for 2 bedroom apartment in The Old Town and get a better idea : http://www.downtown-dubai-apartments.com/2-bedroom-apartments/
