In terms of lifestyle and infrastructure, Old Town real estate is regarded as one of the top developments. Old Town stands out among the ultramodern construction jungle because of its remarkable architectural characteristics that are rarely found in Dubai houses anymore. Apartments for sale in Old Town is a unique residential community that stands out among the magnificent sky-high buildings that today define Dubai, stretching along the famed Sheikh Zayed Road and touching newer projects such as the Dubai Marina.
Dubai offers numerous advantages, but one thing to keep in mind is that the location is prone to heavy traffic during rush hour. At the entry and departure points to Downtown Dubai, there is often a lot of traffic in the morning and evening. Also, because of the traffic, residents on the lower floors facing Mohammed Bin Rashid Boulevard frequently complain about the noise. Regardless, there are a variety of reasons why tenants and investors flock to the neighborhood.
Types of Apartments in Old Town
More than 1,500 residential units, including mid-rise buildings, apartment towers, and even a few magnificent penthouses, are available in Old Town. If you wish to acquire an apartment in Old Town, you can choose between one, two, or three bedrooms. All residential apartments in this development have an average area of between 660 and 2,550 square feet.
The estimated space of a 1-bedroom apartment is between 770 and 1,500 square feet, while the area range for 2-bedroom flats is between 1,300 and over 2,500 square feet. Similarly, the average size of a 3-bedroom flat in this city is between 1,700 and 3,000 square feet. The apartments for sale in Old Town are placed in an earthy environment that is primarily inspired by the area’s breathtaking scenery.
Price Of Apartments in Old Town
Due to their structural essence, apartments for sale in Old Town are in high demand. The placement of the apartments, which are separated into six quarters, affects the price trend for buying property in Old Town. The price of a one-bedroom apartment in Old Town is expected to be between AED 1,000,000 and AED 2,500,000.
The Arabian grandeur depicted in these 2-bedroom residences would set you back an average of AED 1,650,000, with a price tag that easily exceeds AED 5,000,000. The cost of a three-bedroom unit begins at AED 2,750,000 and can reach AED 9,000,000.
Lifestyle in Old Town
Despite the fact that Old Town has a historical feel to it, the lifestyle is as vibrant as it is in the rest of Dubai. The finest aspect of living in Old Town is the classic charm that can always be found in the form of architectural elements and fun entertainment options. In Old Town, you’ll find amenities including adjacent coffee shops, restaurants, leisure centers, entertainment venues, swimming pools, steam rooms, saunas, and children’s play places.
Furthermore, The Dubai Mall, one of the world’s largest retail malls, is just across the corner. Residents of Old Town can also take advantage of amenities such as Vida Downtown Dubai, The Palace Downtown Dubai, and the spectacular Opera District.
Reasons for Investing in Old Town
Who wouldn’t like to invest in a city that is home to the world’s most elevated building? Purchasing an apartment in Old Town will put you right in the heart of Dubai’s amazing attractions. This city offers an abundance of options and amenities, making it one of the finest locations to invest. Old Town is not only surrounded by a wealth of culture and leisure options, but it is also a business hub. The neighborhood is also adjacent to the Dubai International Convention Centre, and fantastic areas such as DIFC and Business Bay are also within easy reach.
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