Downtown Dubai continues to be one of the top-performing areas in real estate sales value. The reason is clear: its almost fully developed infrastructure, prime location, and world-renowned attractions. This vibrant district, developed by Emaar Properties, has become the first destination for any tourist visiting Dubai.
Emaar, a leading master developer, has built not only some of the most iconic communities in the region but also world-class hospitality ventures. From luxury hotels to lifestyle destinations, Emaar has shaped Downtown into a global investment and lifestyle hub.
Looking at the real estate performance for Q3 2024, here are the top 10 buildings in Downtown Dubai based on www.dxbinteract.com. These projects highlight the ongoing demand for high-end living in the area:
Leading the chart with a sales increase of 60.7%, this luxurious residence saw 45 units sold, with a median price of AED 3.5M and AED 3,087 per sqft.
With an impressive 153.3% sales growth, this tower recorded 38 sales, offering a median price of AED 2.8M and AED 2,593 per sqft.
The world’s tallest tower maintained strong demand, with 31 units sold at a median price of AED 4.1M and AED 2,749 per sqft.
Though it saw a slight decline (-14.8%), the tower still sold 23 units at a premium median price of AED 4.4M and AED 3,586 per sqft.
Al Noujoum Tower
Experiencing 120% sales growth, this tower saw 22 transactions, priced at an affordable AED 1M, with AED 1,378 per sqft.
City Center Residences
Witnessing the highest growth at 175%, City Center Residences had 22 sales at AED 2M and AED 2,549 per sqft.
Burj Crown
Sales increased by 37.5%, with 22 units sold at a median price of AED 2.4M and AED 2,538 per sqft.
Burj Royale
Despite a decline (-51.3%), this project still recorded 19 sales, with a median price of AED 3M and AED 3,361 per sqft.
Burj Lake Hotel – The Address Downtown
Maintaining stable sales, this development saw 18 units sold at AED 2.9M and AED 3,250 per sqft.
Vida Dubai Mall Tower 1
Though slightly down (-5.3%), Vida Dubai Mall Tower 1 sold 18 units at AED 3M and AED 3,116 per sqft.
A key observation from the Q3 2024 report shows that transactions are heavily dominated by new projects or recently handed-over buildings. This trend reflects the growing demand for fresh, modern properties in the heart of Dubai. Moreover, the report highlights that two-bedroom units were the most transacted property type during this period, indicating a preference for family-sized, practical living spaces.
Clients were particularly drawn to Emaar projects and properties that offered attractive features such as payment plans or post-handover payment options. Additionally, there was a noticeable demand for properties that were vacant, located on high floors, and offered Burj Khalifa or Fountain views — factors that significantly enhanced their desirability.
Looking to invest or find your dream home in Downtown Dubai? Don't miss the chance to own a prime property in one of the most sought-after locations in the world. Whether you're looking for brand-new projects with flexible payment plans or a luxury apartment with stunning views, Downtown Dubai offers endless opportunities. Contact us today for more information or to schedule a viewing.