Tajer Residences apartment comes with a view of Burj Khalifa

If I asked you whether a two-bedroom apartment in Dubai was worth Dh5.3 million you might ask, quite reasonably, why. Well, the reason is because of its location in the Tajer Residences on the Old Town Island in Downtown Dubai. This is a cause for celebration, as it may mean Dubai’s property market has started to become a more traditional, established and readable market where location counts for everything.

The fact that Downtown Dubai is now levying a serious premium means the market is beginning to act in a more obvious manner when it comes to pricing property. This apartment – which will be vacant on transfer – will appeal to both the investor and the end user, thank to its unique location.

Tastefully decorated, the property is in good condition and offers 1,518 square feet of space including two master bedrooms with en suite bathrooms. The open-plan living area includes a fully-fitted dark wood kitchen complete with white goods and a dining and living area separated by an attractive alcove.

The generous balcony space offers views of Burj Khalifa – one of only a handful of Tajer Residences’ properties that do – meaning you can also watch at least half (depending on your view and how far you can crane your neck) of the world’s largest dancing fountain, Dubai Fountain. This is set in the 30-acre Burj Khalifa Lake and delivers performances to music at lunchtime and every evening between 6pm and 11pm.

For the security-conscious, there is video surveillance throughout the public areas of the complex as well as guarded parking – good to know if you want to park your Ferrari in the parking space that comes with the property. And the Residences comes with its own pool and kids play area.

Tajer Residences’ location within Downtown Dubai is also significant. It is directly linked to The Dubai Mall and Souq Al Bahar, so you are perfectly placed if you run out of milk or want the latest designer handbag. And the nearest Metro station is only a 1.15-kilometre walk away.

ascott@thenational.ae

Tajer Residences apartment comes with a view of Burj Khalifa

Dh5.3 million may only buy you a two-bedroom apartment at Tajer Residences in Downtown Dubai. But the location is key – you will have a view of Burj Khalifa and instant access to The Dubai Mall.