Apartments for sale in Burj Lake Hotel - The Address DownTown

Your Guide to Finding Address Downtown Dubai Apartments for Sale (Burj Lake Hotel)

The Address Downtown, also known locally as Burj Lake Hotel because of its position beside the Burj Khalifa Lake, sits right at the centre of Downtown Dubai. Developed by Emaar Properties in partnership with Address Hotels and Resorts, the 63 storey tower opened in 2008 and underwent a full renovation after a 2015 fire, reopening in 2018 with the same five star finish throughout.

The building holds 196 hotel rooms and 626 serviced apartments, making it one of the largest hotel branded residences in the district. Address downtown Dubai apartments for sale here range from studios to four bedroom layouts, all delivered fully furnished with hotel grade interiors and finishes.

Downtown Dubai is a freehold zone, so buyers from anywhere in the world can own property outright. Given the tower's position next to Burj Khalifa and Dubai Mall, demand for address downtown Dubai apartments for sale stays strong among both investors chasing rental income and end users who want a walkable, central lifestyle.

Market overview

The wider Downtown Dubai community averages around AED 3,100 per square foot, while the Address Downtown Hotel typically prices above that benchmark thanks to its branded status and five star services.

Studio apartments generally list between AED 1,800,000 and AED 2,500,000, covering around 519 sq ft. One bedroom units range from AED 2,900,000 to AED 5,749,999 across 737 to 959 sq ft, with Boulevard facing layouts sitting at the lower end and fountain facing units toward the top. Four bedroom apartments, the largest configuration in the tower, sell between AED 29,500,000 and AED 39,000,000 across 4,623 to 4,769 sq ft, usually with a maid's room and multiple en suite bathrooms.

Shared amenities include swimming pools, a gym, a spa and sauna, and a kids club, all run to hotel standards. With 626 serviced apartments and 196 hotel rooms combined, the tower ranks among the larger branded residences in Downtown Dubai.

Investment potential and rental yields

Rental yields across Downtown Dubai typically sit between 4% and 6% gross, with smaller units trending toward the higher end and larger family apartments settling lower. Demand for address downtown apartments for sale stays steady from both short term holiday renters and long term tenants, largely thanks to the direct walk to Dubai Mall and the view of the Dubai Fountain.

Short term rentals tend to perform best in fountain or Burj Khalifa facing units, while long term leases suit Boulevard facing or lower floor apartments. Resale listings in the tower typically move within a few weeks, helped by steady tourist and corporate demand in the area. Continued development around Downtown Dubai, including new towers and retail expansions nearby, should keep supporting values here. Fountain views, direct mall access, and the building's five star brand all add to resale and rental appeal, and this remains true whether buyers are looking at address downtown apartments for sale as a home or as an income asset.

Prices of apartments in the Address Downtown Hotel range from AED 1.8 million to AED 39 million, offering 3% to 5.5% gross rental yields, with steady demand due to its Burj Khalifa Lake frontage and direct link to Dubai Mall.

• Studios: AED 1,800,000 to AED 2,500,000, 4%-5.5%, 519 sq ft
• 1-Bedroom Apartments: AED 2,900,000 to AED 5,749,999, 3.5%-5%, 737 to 959 sq ft
• 4-Bedroom Apartments: AED 29,500,000 to AED 39,000,000, around 3%, 4,623 to 4,769 sq ft

Why buy an apartment in the Address Downtown Hotel?

Central address

Owning here places you steps from Burj Khalifa, Dubai Mall, and the Dubai Fountain, with a pedestrian bridge linking straight into the mall's climate controlled walkways.

Hotel grade living

Every apartment comes fully furnished and backed by five star hotel services, including concierge, housekeeping, and maintenance handled to Address Hotels standards.

Strong resale value

Fountain facing and high floor units hold their value well, supported by steady demand from international buyers drawn to the Burj Lake Hotel name and its skyline views.

Suits investors and end users

The mix of short term rental appeal and long term liveability makes the building suitable for buyers chasing income as well as families wanting a permanent home in the city centre.

Amenities in the Address Downtown Hotel

Schools

• Hartland International School, around a 10 minute drive
• Dubai International School, a short drive from Downtown Dubai
• Several British and IB curriculum schools along Sheikh Zayed Road and Business Bay

Nurseries

Nurseries near the tower follow EYFS, Montessori, or bilingual programmes, with several located a short walk or drive away.

• Blossom Nursery and Preschool, Al Manzil District
• JINS Downtown, South Ridge
• Babilou Downtown, Boulevard Walk

Hospitals and clinics

• Mediclinic Dubai Mall, one of Dubai's largest outpatient facilities
• Valiant Clinic and Hospital, around a 10 minute drive via City Walk
• Emirates Hospital Clinic, Business Bay

Shopping

• Dubai Mall, connected directly via a pedestrian bridge
• Souk Al Bahar
• Carrefour Market and Al Maya Burj Downtown for daily groceries

Fitness

• In building a gym and a swimming pool
• Yoga and Pilates studios nearby in Downtown Dubai
• Waterfront promenades around Burj Khalifa Lake for walking and running

Location and transportation

The Address Downtown Hotel sits directly on Sheikh Mohammed Bin Rashid Boulevard, inside Downtown Dubai and beside Burj Khalifa. Sheikh Zayed Road is a few minutes away by car, giving quick access to Business Bay, DIFC, and Dubai Marina.

Public transport is close by. The Burj Khalifa/Dubai Mall Metro Station and Business Bay Metro Station both serve the tower, and the Burj Khalifa Palace Hotel bus stop sits about three minutes on foot, served by route F-13. Because the district draws heavy tourist traffic, residents driving should expect congestion during weekends and peak season, which makes the Metro the more reliable option for daily trips to DIFC or Business Bay.

Pros and cons of buying an apartment in the Address Downtown Hotel

Pros

• Direct pedestrian access to Dubai Mall and Burj Khalifa
• Hotel grade management, security, and concierge service
• High floor units with Burj Khalifa and fountain views
• Fully furnished units ready for immediate use or rental

Cons

• Heavy tourist traffic and congestion during weekends and holidays
• Higher day to day living costs than suburban communities
• Limited quiet, low key streets for buyers seeking a slower pace
• Premium pricing compared to the average Downtown Dubai rate

FAQ

Is Downtown Dubai a freehold location?
Yes. Downtown Dubai is a designated freehold area, allowing UAE nationals and foreign buyers alike to own apartments outright, including units in the Address Downtown Hotel.

Is Downtown Dubai good for investment? 
Downtown Dubai remains one of the strongest investment addresses in the city, supported by constant tourist footfall, proximity to Burj Khalifa and Dubai Mall, and consistent resale demand.

What is the average price per square foot in the Address Downtown Hotel?
The wider community averages around AED 3,100 per square foot, though branded units in the Address Downtown Hotel, also known as Burj Lake Hotel, typically price above that figure.

What is the average rental yield in this community? 
Gross rental yields across Downtown Dubai generally range from 4% to 6%, with studios and one bedroom apartments trending toward the higher end.

Can foreigners buy an apartment in the Address Downtown Hotel?
Yes. Because Downtown Dubai is freehold, foreign nationals can buy, sell, and lease apartments here without restriction.