Opera Grand in Downtown Dubai - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Opera Grand

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	159	30,162	4,800,000
3	213	41,582	8,875,000

Rents in Opera Grand

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	69	2,101	145,000
2	149	2,039	303,750
3	211	2,035	429,000

The cap rate (rental yield) of investments into Opera Grand project is 5.3% on average.

The price of an apartment in Opera Grand is 38,481 AED/sqm on average.

The long term rent of an apartment in Opera Grand is 2,039 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Opera Grand is 4,800,000 AED or 30,162 AED/sqm.
Price for completed 3 bedroom apartment in Opera Grand is 8,875,000 AED or 41,582 AED/sqm.

Rent for 1 bedroom apartment in Opera Grand is 145,000 AED or 2,101 AED/sqm.
Rent for 2 bedroom apartment in Opera Grand is 303,750 AED or 2,039 AED/sqm.
Rent for 3 bedroom apartment in Opera Grand is 429,000 AED or 2,035 AED/sqm.

About Opera Grand

'Opera Grand' in 'Downtown Dubai' area project description

Opera Grand is a luxurious residential development located in the heart of Dubai, United Arab Emirates. The project is a joint venture between Al Habtoor Group and Meraas Holding, two of the most prominent real estate developers in the region. The project is set to be completed in 2021 and will feature two towers of 40 and 45 storeys respectively. The towers will be connected by a podium and will offer a total of 545 residential units ranging from studios to four-bedroom apartments.

The project is designed to provide a luxurious lifestyle for its residents, with a range of amenities and facilities. The development will include a grand lobby, a swimming pool, a health club, a spa, a sauna, a steam room, a Jacuzzi, a children’s play area, a business centre, and a retail area. Residents will also have access to a private beach, a marina, and a yacht club.

The development is located in the heart of Dubai, close to some of the city’s most popular attractions. It is within walking distance of the Dubai Mall, the world’s largest shopping centre, and the iconic Burj Khalifa, the world’s tallest building. The development is also close to the Dubai Marina, the world’s largest man-made marina, and the Palm Jumeirah, the world’s largest man-made island.

Opera Grand is a luxurious development that will provide its residents with a luxurious lifestyle. The development is located in the heart of Dubai, close to some of the city’s most popular attractions. It will feature a range of amenities and facilities, including a grand lobby, a swimming pool, a health club, a spa, a sauna, a steam room, a Jacuzzi, a children’s play area, a business centre, and a retail area. Residents will also have access to a private beach, a marina, and a yacht club. The project is set to be completed in 2021 and will provide residents with a luxurious lifestyle in the heart of Dubai.

Q&A on Opera Grand

What are the advantages of 'Opera Grand' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Opera Grand is located in the heart of Dubai, giving buyers easy access to the city’s top attractions, shopping, dining, and entertainment.

2. Luxury Amenities: Opera Grand offers a range of luxury amenities, including a state-of-the-art gym, swimming pool, and spa.

3. Affordable Prices: Despite its prime location and luxury amenities, Opera Grand offers competitive prices for real estate buyers.

4. High-Quality Construction: Opera Grand is built with high-quality materials and construction techniques, ensuring that buyers get a safe and secure home.

5. Flexible Payment Plans: Buyers can choose from a range of flexible payment plans, making it easier to purchase a property at Opera Grand.

What projects are better than 'Opera Grand' project in Dubai which are located close by, and why?

*Burj Khalifa Residences:* Located in the tallest building in the world, offers unparalleled views, luxurious amenities, and a prestigious address. Proximity to The Dubai Mall and various fine dining options adds to the exclusivity.

*The Address Residences:* Known for its direct access to The Dubai Mall and premium hotel services, these residences provide an upscale living experience with extensive amenities including infinity pools, spas, and top-tier restaurants.

*Armani Residences:* Situated within the Burj Khalifa, these homes are designed by Giorgio Armani, adding a touch of unparalleled elegance and style. Offers exclusive access to the Armani Hotel’s services and facilities.

*Il Primo*: Located close to the Dubai Opera, it offers expansive, luxurious apartments with high-end finishes and large layouts. The tower features extensive amenities such as a golf simulator, a cigar lounge, and a library.

*The Residences at The St. Regis Dubai - The Opera*: Combines the sophistication of the St. Regis brand with luxury living. Offers bespoke services, including butler service, and is located adjacent to the Opera House.

*BLVD Crescent:* Provides luxury living with a focus on modern design and high-end finishes. Its location along Mohammed Bin Rashid Boulevard offers easy access to numerous dining and entertainment options.

*Act One | Act Two Towers:* Inspired by the Dubai Fountain, these twin towers offer spectacular views and a convenient location next to the Dubai Opera. They feature unique layouts and premium finishes, aimed at those looking for chic urban living.

What are the closest schools to 'Opera Grand' project in Dubai?

Dubai International School – located in Al Qouz
Jumeirah International Nursery – located in Al Wasl Road, Jumeirah
Kangaroo Kids Nursery – located in Umm Al Sheif, near Al Wasl Road
Horizon English School – located in Al Safa
Jumeirah English Speaking School (JESS) – located in Al Safa

These schools are accessible within a short driving distance from Opera Grand in Downtown Dubai.

What are the closest medical clinics to 'Opera Grand' project in Dubai?

- Medcare Medical Center Downtown: Located at Sheikh Mohammed bin Rashid Blvd, near Burj Khalifa.

- Aster Clinic, Business Bay: Situated in the Bay Avenue, Executive Towers area of Business Bay.

- Emirates Hospital Clinic: Positioned within the Emirates Financial Towers, DIFC.

- Mediclinic Dubai Mall: Found inside The Dubai Mall, adjacent to Burj Khalifa.

- Dr. Joy Dental Clinic: Located at Emaar Boulevard, near Boulevard Plaza.

- American Hospital Clinic – Dubai Media City: In the Arjaan by Rotana building, Media City, relatively close by car.