Townhouses for Sale in Downtown Dubai

Dubai has long been one of the most attractive places for international investment. Many expats are attracted not only by the high standard of living in the emirate, but also by the generous tax policy. There is no income tax or stamp duty in the country. The legal framework of Dubai is well adapted for foreigners – expats who have received residency status have the same rights and responsibilities as locals.

Dubai is a promising jurisdiction not only for permanent residence, but also for investing in real estate. The average yield from the acquisition of housing in the emirate, depending on the area and property type, is 5-10% per annum. For example, the ROI from leasing housing in Downtown Dubai is on average 8%. We should not forget the fact that the UAE is also one of the safest countries to live in.

Downtown Dubai is the central area of the city, where business centers and representative offices of global companies as well as iconic tourist attractions such as the Burj Khalifa and Dubai Mall are concentrated.

The area has a rectangular shape. Along it passes the highway Sheikh Zayed Road. Nearby are areas such as Business Bay, Trade Center and Al Wasl. The general developer of Downtown Dubai is Emaar Properties.

Downtown is the center of the city with stores, restaurants and boutiques. There is also a concentration of world-class beauty salons, shopping centers, medical and educational institutions. The nearest beach is Jumeirah Beach, about 20 minutes away. It takes 15 minutes to get to Dubai International Airport.

If we talk about architectural features, the traditional oriental buildings and ultra-modern futuristic towers are harmoniously combined here. The infrastructure of the area is also top class  the subway, buses, streetcars, and cab services are easily available here.

Townhouses in Downtown Dubai are a good real estate choice for families working in the area. Nearby there is all the necessary family infrastructure – schools, kindergartens, hospitals, stores and restaurants. In addition, such real estate will allow you to live comfortably in the heart of one of the world’s leading metropolises.

For example, a 375 sqm townhouse in the Burj Khalifa area in Opera Grand with 5 bedrooms will cost AED 12,888,888 (USD 3,509,000). A 175 sqm 3-bedroom Act One townhouse costs around AED 5,000,000 (USD 1,360,000), and a 3-bedroom townhouse in BLVD Heights costs around AED 4,600,000 (USD 1,250,000).

The average annual rent of such real estate varies in the range AED 120,000-210,000 (USD 32,50-57,500), depending on the size and class of housing.

Another advantage of buying property in the emirate is the absence of stamp duty and property tax. When buying a townhouse, you will only need to pay a transfer fee, which is 4% of the contract value.