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Downtown Dubai

A guide to living in Downtown Dubai, Dubai — what it sells for, what it rents for, the buildings, and who to ask. Every figure is drawn from the Dubai Land Department’s registers: sales through September 2026, rents through September 2026.

What Downtown Dubai actually sells for — every building, ranked by recorded price →

What Downtown Dubai rents for — recorded tenancies by layout, and the yield →

Median resale price
AED 2.95M
1,428 completed homes · the last 12 months
Mean AED 3.97M
Median per sq ft
AED 2,539
+2% on the year before
Mean AED 2,691
Median rent, 1 B/R
AED 115,000
a year · 4,039 tenancies in twelve months
Mean AED 119,837
Gross yield, 1 B/R
5.6%
recorded rent over recorded resale price
Address Grand Downtown, Downtown Dubai, Dubai
Address Grand Downtown, Downtown Dubai — on the market with McCone

At a glance

Downtown Dubai in numbers

Made of
156 buildings with a recorded sale history
Sales on record
43,638 since 2007 — the latest registered 3 Sept 2026
Tenancies
9,190 registered with Ejari in the last twelve months 59% new leases, 41% renewals
On the market
82 for sale · 185 for rent with McCone today
Who works it
Joshua Graeme RiderSales

The guide

Living in Downtown Dubai

Downtown Dubai is the address at the foot of the tallest building in the world, and it was built to be exactly that. Emaar laid it out around the Burj Khalifa, the Dubai Mall and the fountain lake, a district of apartment towers along a boulevard, with an opera house, a low-rise Arabian quarter and the hotels that carry the brand's name, and it is where the city puts its skyline on the postcard. It is also a place a few thousand people call home, and this page is about that.

The place

The district sits between Sheikh Zayed Road and Business Bay, with Financial Centre Road on one side and Al Khail Road beyond. The boulevard loops through it, lined with towers, cafes and the district's hotels; the lake and the fountain sit at the centre with the mall on one side and the tower on the other; the opera district fills the ground between the lake and the boulevard's far side. The Old Town quarter, low-rise and Arabian in style, sits beside the mall and has its own guide.

The district is busy at all hours and never more than on the evenings when the fountain plays and the city arrives to watch it.

What you get

Apartments only, from one-bedroom flats to some of the largest penthouses in the city, in towers that span the district's whole history: the early Emaar buildings around the lake and the Old Town, the boulevard towers of the district's middle years, and the newer towers of the opera district and the boulevard's far end, several of them carrying hotel operators' names. Service charges are among the highest in the city and finish, in the newer buildings, matches.

The Old Town quarter beside the mall is the district's exception: low-rise, Arabian in style, shaded and quiet, with courtyards and a souk of its own, and its flats trade as a market apart from the towers. It has its own guide.

Views are the currency here as nowhere else. A flat that looks at the tower and the fountain, and the same layout that looks at the road, are different markets, and the register records the gap building by building.

Getting around

The Metro's station at the mall connects to the district by a long air-conditioned walkway, and residents of the towers nearest it use it; for the rest it is a walk in the cooler months and a taxi in the warmer. By car, the boulevard's few exits onto Sheikh Zayed Road, Financial Centre Road and Al Khail Road congest at the peak, on fountain evenings and badly on the nights the city celebrates here; residents learn the hours and the back ways. DIFC and Business Bay are minutes away, the Marina is a long run and the airport a reasonable one. Parking is allocated by flat and paid for visitors.

Day to day

The Dubai Mall is the district's high street, with everything a city centre holds, and the boulevard's cafes and restaurants carry the everyday. The opera district carries the evenings for those who want them and the fountain carries them for everyone else. Supermarkets sit in the towers' podiums. There are no schools in the district; families use the schools of Jumeirah, Al Safa and Al Quoz a short drive away, and nurseries operate in several of the towers.

On the last night of the year the district is closed to cars, the tower is lit for the fireworks and the whole city comes; a resident here either hosts or leaves. The rest of the year's evenings are busy enough that the towers facing the lake are the ones that never sleep, and the towers on the boulevard's far side are the quieter choice.

Who it suits

People who want the address and will pay for it. Executives who work in DIFC or along Sheikh Zayed Road and want to walk to the desk. Buyers from abroad for whom the tower in the window is the point. Owners who intend to let, because the district's furnished and short-stay market is among the deepest in the city.

It suits families less well, and anyone who wants quiet, a garden, a school within walking distance or the most space for the money.

Buying and renting here

The district's towers span two decades and the register shows the spread: the tables on this page and the building pages beneath it list what each building's layouts actually fetched, and the gap between the early lake-side buildings, the boulevard towers and the new opera district is plain in those prices. Buyers should look at the service charge, which varies widely, at the cooling arrangements and, in the operated residences, at the operator's rules. Off-plan launches continue at the district's edges and are kept apart from resales here.

For tenants, the official index caps a renewal while a new lease follows the market, and the gap here is wide. Landlords weighing a furnished short-stay let should check the tower's rules first.

Buildings to know

The tower itself carries residences on its lower floors; the early Emaar buildings around the lake and the Old Town, the boulevard towers and the operated residences of the district's hotel brands are the settled stock; the opera district's towers are the newest premium end. The table below shows where the district's sales are actually happening, and every building has its own page with every recorded price.

What it costs to buy

What Downtown Dubai sells for

Completed resales over the last three years, by layout — the registered price and the registered floor area. Off-plan launches are counted separately and never folded in.

LayoutTypical sizeMedian priceMean pricePer sq ftSales
Studio522 sqft1,195,0001,281,8412,332364
1 B/R884 sqft1,950,0002,028,2312,1762,294
2 B/R1,348 sqft3,300,0003,593,2232,4712,459
3 B/R1,766 sqft5,400,0005,823,0453,000929
6 B/R6,679 sqft19,000,00031,312,5002,8126
5 B/R6,175 sqft20,924,88829,421,6593,89115
4 B/R5,176 sqft23,500,00020,827,7394,33087

Over the last 12 months, 1,428 completed homes changed hands in Downtown Dubai at a median of AED 2,950,000 — AED 2,539 a square foot, up 2% on the year before. Off-plan launches sit beside that figure, not inside it: 1,075 in the last year at AED 3,819 a square foot.

Every Downtown Dubai building ranked by recorded price, and every sale as registered →

What it costs to rent

What Downtown Dubai rents for

Every residential tenancy registered with Ejari in Downtown Dubai in the last twelve months. Annual rents, medians. A renewal is capped by the RERA index; a new lease is the market.

LayoutTypical sizeMedian rentNew leaseRenewalContracts
Studio514 sqft73,50072,00075,000617
1 B/R882 sqft115,000115,000115,0004,039
2 B/R1,362 sqft180,000185,000172,0003,426
3 B/R1,933 sqft286,650300,000270,0001,043
4 B/R5,176 sqft1,350,0001,100,0001,650,00057

9,190 tenancies were registered in Downtown Dubai in the last twelve months, 59% of them new leases. A one-bedroom let for a median AED 115,000 a year — AED 115,000 on a new lease against AED 115,000 on a renewal.

The full rental report — rents by year, and the buildings the register names →

What it returns

Gross yield in Downtown Dubai, by layout

Recorded rent per square foot a year over what the same layouts sold for, in the same twelve months. Gross — before service charges and empty months.

LayoutRent per sq ft, a yearResale per sq ftGross yieldTenanciesSales
Studio1452,3246.2%61771
1 B/R1312,3335.6%4,039521
2 B/R1332,5915.1%3,426583
3 B/R1483,0434.9%1,043215
4 B/R2904,4156.6%5729

A one-bedroom in Downtown Dubai returns a gross 5.6% on the two registers — what tenants paid over what buyers paid, for the same layouts in the same year.

Where the market is moving

The busiest buildings in Downtown Dubai

Over the ninety days to 3 September, Burj Khalifa and Imperial Avenue accounted for 45 of the 309 completed homes sold in Downtown Dubai, Imperial Avenue above its usual pace.

#BuildingSales, 90 daysAgainst its usual paceMedian per sq ft
1Burj Khalifa281.0×2,716
2Imperial Avenue171.5×2,181
3Burj Crown131.1×2,507
4Boulevard Point100.9×2,686
5Burj Royale101.3×3,369
6The Address Residences Dubai Opera Tower 2100.9×3,364
7Opera Grand91.6×2,891
8Burj Vista Tower 180.8×2,166
9Damac Maison Dubai Mall Street (The Signature)81.0×1,277
10Forte 180.6×2,844

Completed homes only, by the date the Dubai Land Department registered the transfer — the ninety days to 3 Sept 2026. Pace is this window against the building’s own average ninety days over the year before. Buildings with fewer than five sales in the window are left out, and another 10 cleared that floor without making the ten. 156 buildings in Downtown Dubai carry a recorded history, and each has its own page. Every one ranked by recorded price →

Joshua Graeme Rider

Who to ask

Joshua Graeme Rider

Sales

Joshua holds 29 of the 267 homes McCone is marketing in Downtown Dubai today, and hears about the rest before they reach a portal. Ask for Joshua at the desk.

More about Joshua

Questions people ask

Downtown Dubai, answered from the register

How much does it cost to buy in Downtown Dubai?

Over the last 12 months, 1,428 completed homes changed hands in Downtown Dubai at a median of AED 2,950,000 — AED 2,539 a square foot, up 2% on the year before. Off-plan launches are counted separately: 1,075 in the last year at a median AED 3,819 a square foot. Every figure is a transfer registered at the Dubai Land Department, not an asking price.

How much is a two-bedroom in Downtown Dubai?

Completed two-bedroom homes in Downtown Dubai sold for a median AED 3,300,000 over the last three years — typically 1,348 sq ft, or AED 2,471 a square foot — across 2,459 recorded sales.

What does a one-bedroom rent for in Downtown Dubai?

A one-bedroom in Downtown Dubai let for a median AED 115,000 a year across 4,039 Ejari contracts registered in the last twelve months — AED 115,000 on a new lease against AED 115,000 on a renewal, which the RERA index caps.

What is the rental yield in Downtown Dubai?

A one-bedroom in Downtown Dubai returns a gross 5.6% — AED 131 of rent per square foot a year over the AED 2,333 a square foot the same layouts sold for, before service charges and empty months. It is measured on 4,039 tenancies and 521 sales, both registered at the DLD.

How many buildings are there in Downtown Dubai?

156 buildings in Downtown Dubai carry a recorded sale history. Each has its own page with every registered price, and 98 of them have enough recent resales to be ranked by price per square foot.

Is Downtown Dubai still being built?

Of the 3,524 sales registered in Downtown Dubai in 2025, 1,457 were off-plan purchases from a developer and 2,067 were resales of finished homes — a community with both markets running at once. The register has 43,638 sales for Downtown Dubai since 2007.

Which buildings in Downtown Dubai are selling right now?

Over the ninety days to 3 September, Burj Khalifa and Imperial Avenue accounted for 45 of the 309 completed homes sold in Downtown Dubai, Imperial Avenue above its usual pace.

Where these numbers come from. Sale prices are the Dubai Land Department’s transaction register, read from the Dubai Data Exchange — what buyers actually paid, recorded at transfer. Mortgage registrations, gifts and developers’ own filings are excluded, and medians are used so one unusual sale cannot move the number. Rents are Ejari contracts from the same department, read from the community’s DLD area, new leases and renewals never blended. Sales through 3 Sept 2026 · Rents through 6 Sept 2026.