Occupany in Downtown Dubai rises

Downtown Dubai is soon becoming an ideal investment zone in Dubai with self-employed people making flourishing moves to buy properties there. From a sales perspective, average current prices for properties in Downtown Dubai is around Dh1,100 per square foot to Dh2,600 per square foot. These selling prices don't include for Burj Khalifa, but only at the surrounding developments of the tower. Also lower rentals have pushed occupancy levels to almost 70 per cent there. Occupancy has increased since rentals have become more affordable. With the exception of recently handed over loft apartments, most of the projects are more than 70 per cent occupied.
Due to the higher ratio of studios and one-bedrooms within Downtown Dubai, compared to two, three and four-bedrooms in the Downtown District, the ratio and the proximity of the Downtown Dubai district to the Dubai International Financial Centre (DIFC) and the main business district of Dubai is making it ideal for single executives, couples and small families. Investors have moved within one project and another with some families moving into the development as a result of falling rents. Current rents for studios range between Dh70,000 and Dh110,000 per annum; one-bedroom apartments between Dh80,000 and Dh150,000 per annum and two-bedroom apartments between Dh110,000 and Dh240,000 per annum.
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