Previously known as Downtown Burj Dubai, is a large-scale mixed-use complex in Dubai, United Arab Emirates. It is the home of some of the city's most important landmarks including Burj Khalifa, Dubai Mall and Dubai Fountains. It covers an area of 2 square kilometers and estimated to cost US$20 billion /AED 73 billion. The complex is situated along Sheikh Zayed Road across from Al Wasl locality on the north-west. It is bounded to the south by Business Bay and to the north-east by Financial Centre Road. It is connected to the Dubai Metro via the Burj Khalifa /Dubai Mall Metro Station. The Development is divided into 11 prominent projects among which are the infamous Burj Khalifa, Dubai Fountain, Dubai Mall and The Address Downtown Dubai hotel.
According to Mohamed Ali Alabbar, chairman of Emaar Properties, The estimated the total cost for the project is about US$1.5 billion. In March 2009, he recalls office space pricing at Burj Khalifa reaching US$4,000 per sq ft /over US$43,000 per m². The Armani Residences, also in Burj Khalifa, sold for US$3,500 per sq ft /over US$37,500 per m². Current prices at Burj Khalifa are averaging AED 3,750 a square foot, while elsewhere in Dubai is at the AED 1,359 a square foot. In 2013, prices for apartments in the tower are believed to have risen by an average of 25% according to real estate experts. Today's asking rates are still believed to be way below the peaks they had touched — a staggering AED 9,000 a square foot in August 2008 and right before the Global Financial Crisis. It had reached a bottom of AED 2,500 a square foot in February 2009. These unit values exclude the super-premium Armani apartments in Burj Khalifa. Asking rates for units at the Burj should soar further, according to market analysts. There are asking rates for AED 4,300 a square foot for those units which are facing the fountain. Emaar, the project developer has launched multiple new projects in Downtown Dubai. Currently, off-plan properties in Emaar projects are selling between AED 2, 400 and AED 3,500 per square foot in the secondary market. Prices, however, vary with the view and floor of the tower. Emaar has already banned local real estate brokers from selling any off plan property, bought in their own name, untill completion. Investors have to make 40 per cent payment before selling their properties in the secondary market.
Burj Khalifa , the world's tallest sky scrapper provides a home for the world's elite. Rising gracefully from the desert, it surpassed limits and expectations and added to Dubai's appeal as a main destination for the world's finest shopping, dining and entertainment. Previously known as Burj Dubai, Burj Khalifa is the tallest man-made structure in the world, at 829.8 m /2,722 feet tall. The building officially opened on 4 January 2010 as the main component of a 2 kilometer squared development called Downtown Dubai at the 'First Interchange' along Sheikh Zayed Road, near Dubai's main business district. The tower's architecture and engineering were performed by Skidmore, Owings and Merrill of Chicago, with Adrian Smith as chief architect, and Bill Baker as chief structural engineer. The primary contractor was Samsung C&T of South Korea. The decision to build Burj Khalifa is reportedly based on the government's decision to diversify and shift towards a service and tourism based economy. According to officials, it is necessary for projects like Burj Khalifa to be built in the city to garner more international recognition, and hence investment. Sheikh Mohammad Bin Rashed Al Maktoum (Ruler of Dubai and Prime Minister of the UAE) wanted to put Dubai on the map with something really sensational and that was the "Burj" At the top of Burj Khalifa lies an observation deck at the 124th floor, as well as the infamous fine dining Atmosphere on level 122. Burj Khalifa boasts 900 luxurious residences in addition to 147 elite private Armani Residences. Residents of the" Burj" enjoy a state of the art 4story fitness and recreation annex. Burj Khalifa offers 37 floors of ultra-luxury corporate suites. The "Burj" is also home to the Armani hotel with its glamorous 160 guest rooms and suites. Surrounded by an 11 hectare park, six water features, the world renowned Dubai Mall with its glorious fountains, Burj Khalifa offers a truly exceptional indulgent sanctuary in the heart of Downtown Dubai.
One of the first residential communities at Downtown Dubai, The Residences is a 9 high-rise tower complex surrounded by water and calming greenery. Offering tranquil living in the heart of the city with retail, dining facilities and fascinating views of Burj Khalifa, Burj Lake and the Dubai Fountain, the Residences are a haven within Dubai's dynamic new downtown.
A pristine three high-rise tower development located along the outer edge of Downtown Dubai and surrounded by lakes and landscaped gardens, Burj Views is ideal for those who like to return home to a calming environment but do not wish to be away from the energy of Downtown Dubai. Fantastic shopping, dining and leisure facilities are all within walking distance allowing residents to have the best of both worlds at Downtown Dubai.
An ideal residential community comprising six elegant high-rise towers ranging between 27 and 41 floors, South Ridge provides breathtaking views across the Downtown Dubai landscape as well as unique view of Burj Khalifa.
8 Boulevard Walk is located close to lively Burj Khalifa Boulevard. Designed to surpass expectations, this 35 story tower claims its place at the heart of Downtown Dubai - where nothing is short of purely amazing.
The six quarters of Old Town Yansoon, Reehan, Zaafaran, Zanzebeel, Kamoon, Miska offer an exclusive variety of restaurants, cafes, hotels and a traditional style Souk. The Old Town has the essence of the Arabic charm as well as the luxuries of modern living. The low-rise residential complex is set among intimate courtyards and alleyways that offer its residents a cozy living environment at the heart of Downtown Dubai.
The Old Town Island offers a exceptional way of life with its exclusive low-rise development set at the heart of Downtown Dubai. Residents of this perfectly manicured community enjoy waterfront walkways, charming courtyards, shaded avenues, and vibrant shopping. Inspired by the timeless beauty of Arabic design, this community boasts combining the best of cosmopolitan living with the magic of the intimate surroundings.
The Lofts offer an innovative twist to urban living. The 3 high-rise residential towers offers six one-and two-bedroom apartments per floor. The floor to ceiling windows and gorgeous balconies of the bespoke three-bedroom penthouses occupying the top of each building offer unparalleled views of the Downtown Dubai.
The greatness of the 1930s New York skyscrapers was the inspiration for Frank Williams' design of the two high-rise towers. The towers of 29 Burj Khalifa Blvd are 44 and 45 stories high. Their exceptionally warm décor and tall ceilings create a sanctuary in a city that never sleeps, where everything has been designed to cater to your luxurious desires to rest, play and recharge.
World renowned architects Smallwood, Reynolds, Stewart and Stewart created these two masterpieces. The two residential towers unique design offer panoramic views over Downtown Dubai while minimizing sight-lines to adjacent apartments enhancing resident's privacy.
A group of mid-rise towers with abundant spaces between the buildings allows for ample natural light and an overall sense of ease. Claren offers a fine residential sanctuary with a distinct Boulevard lifestyle in the heart of the Downtown Dubai.
Unparalleled Indulgence is one of the simplest ways to describe Burj Park. With its prime location this exclusive development designed by world renowned architects offers an ambience that's second to none. Experience a lifestyle of effortless luxury and inherent glamour. Reside in a unique place where modern architecture and gorgeous views of the waterfront, Burj Khalifa and the Old Town Island go hand in hand with state-of-the-art interiors and world-class amenities. A exclusive community for the successful and experts in the art of living invites you to dive into the adventures of urban luxuries.
Perfectly situated on Burj Khalifa Boulevard, residents of this exclusive development are a short stroll away from shopping, dining and a vibrant street life. Located above streamlined podium, Boulevard Central stands at a height of 22 and 24 stories, with offices occupying the mezzanine floor and various retail outlets at the bottom floor.
An ultramodern development located in the heart of Downtown Dubai, Burj Place finds itself surrounded by endless opportunities. This gem consists of a two 55 story towers offering first class homes situated above offices with state of the art amenities on the lower floors. This unique development boasts an adjoining corridor to a world class hotel featuring an exclusive variety of dining options and retail shops.