Dubai Downtown is a highly sought-after location for young couples in the UAE, with its luxurious high-rise buildings, world-class amenities, and proximity to popular attractions. However, housing affordability in this area can be a concern for many. This may be a significant financial burden for young couples who are just starting.
However, several factors can help make housing more affordable, such as the type of building, size of the apartment, and rental payment plan. The average asking sales price for properties in Dubai Downtown is 1,850,000 AED, with a starting price of 100,000 AED. However, the average transaction sales price is slightly lower at 1,600,000 AED, with a starting price of 487,500 AED.
This suggests that there may be room for negotiation when purchasing property in this area. In terms of rentals, the average rental price in Dubai Downtown is 130,000 AED, with a starting price of 30,000 AED. The average gross yield for rental properties in this area is 7.00%, which measures the return on investment for landlords.
This yield is relatively high, indicating that rental properties in Dubai Downtown can be a profitable investment. Despite the cost, Dubai Downtown remains a popular choice for young couples due to its vibrant lifestyle and central location. With proper planning and budgeting, affordable housing options can be found in this area, making it possible for young couples to enjoy all these dynamic city offers.