The Burj Crown is a 44-story residential complex being built in Downtown Dubai. The tower is being constructed in the heart of the city within walking distance of the world’s tallest high-rise building, the Burj Khalifa. The tower is scheduled to be completed at the end of 2023.
Here you can buy apartments with one, two or three bedrooms. The size of a one-bedroom apartment with a balcony is 57.74 square meters. The minimum price is AED 17,000 (USD 463). The minimum price for a two-bedroom apartment with a balcony and a size of 95.34 square meters is AED 1,734 (USD 472). For a minimum of AED 2,500 (USD 680) a three-bedroom apartment with a balcony, measuring 125.85 square meters can be sold.
The Burj Crown is located in the most important and popular area of Dubai – Downtown Dubai, the construction of which began in 1997. The area of the district resembles a rectangle with an area of 2.5 square kilometers. It is the business center of the city, where the offices of the world’s companies are concentrated, and with an abundance of local attractions it is a popular place for tourists.
Here is the highest multi-storey building in the world – the Burj Khalifa, and the Dubai Fountain, which is one of the world’s largest fountains. The area is home to the largest shopping mall in the world at a size of 1.2 million square meters – Dubai Mall.
From the Burj Crown to the international airport it takes 15 minutes by car or taxi. Nearby there are two subway stations, and bus and streetcar stops.
Around the Burj Crown are many boutiques, beauty salons, cafes and restaurants. Nearby are also schools, kindergartens, hospitals, pharmacies and financial institutions.
Downtown Dubai is the most popular area in Dubai for real estate in which investors are constantly trusting their capital. Due to the many commercial and tourist attractions here, it is always possible to sell or rent out property of various types – for housing, or office space.
The average rate of return for apartments in the area is 5.4%. You can buy or sell an apartment for AED 1,442 per square foot. This is one of the highest prices in Dubai. The average monthly rent for an apartment will cost AED 97,754. Over the past month this figure rose by one and a half percent.
Thanks to the construction of new residential complexes, and the city’s investment in the infrastructure of its center, we can predict that the price of buying or renting housing will only go up. Investors will continue to put their capital in the most prestigious area of one of the most rapidly developing cities in the world. If you buy real estate now, in a few years you can earn great profits in return.
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