The Address The BLVD is a 72-story building by developer Emaar. Construction of the skyscraper began in 2012 and was completed in 2017.
The tower has hotel rooms and 532 residential units, which consist of penthouses, studios and 1-5 bedroom apartments. All residences include a large bedroom, en-suite bathroom, walk-in closet, furnished kitchen, dining area, living room and balcony. The windows offer views of the city center and major attractions.
The minimum price for a 562 sq. ft (52 sq. m) studio is AED 1,300,000 (USD 354,000).
Residents have access to satellite TV, internet, air conditioning, and parking.
*The price is valid for 2020
The residential complex is located in the center of the city in Downtown Dubai. Nearby are the tallest building in the world, Burj Khalifa, one of the largest fountains in the world, Dubai Fountain and the largest shopping center, The Dubai Mall.
Residents of The Address The BLVD can stroll daily along the local boulevard with stores, restaurants and cafes. Families with children can relax in Burj Park and take a free ride on the seven-meter DownTown slide.
In the area itself, there are several clinics providing various medical services. A kindergarten is nearby for residents’ young children. The local schools are five minutes away by car.
Dubai Airport (DXB) is about 20 minutes away by car or public transport. There is also a metro station and various bus stops nearby.
Downtown Dubai is the smallest and one of the most prestigious areas of the Dubai metropolis. The proximity of the main city attractions makes it a tourist and commercial center. Residential real estate has a good return on investment.
Apartments in Downtown Dubai will bring investors a profit of 5.25%. Housing here is sold for AED 4,918 (USD 1,339) per square meter. The cost of renting an apartment is AED 98,596 (USD 26,842) per month.
The investment appeal of Downtown Dubai is high prices will not fall below the city’s average. Residential real estate prices here are among the highest in Dubai.
*The price is valid for 2020
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