About this property
The Waters Downtown Dubai is a 54-unit penthouse development in the fast-growing Downtown Dubai area, walking distance to Dubai Opera and Burj Khalifa. Designed by Yabu Pushelberg with a coastal-minimalist aesthetic, the project features yoga pavilion, electric-vehicle charging, rooftop infinity pool, and Omniyat's professional rental-management program targeting 9โ11% net yield. Owners receive freehold title, transferable and inheritable. Omniyat handles booking, guest management, maintenance and tax reporting so owners can enjoy passive returns from day one.
Project details
| Developer | Omniyat |
|---|---|
| Property type | Penthouse |
| Status | Under construction |
| Completion | Q4 2026 |
| Handover year | 2026 |
| Construction | 62% complete โ Superstructure at 62%, MEP installation underway |
| Last update | Jun 15, 2026 |
| Bedrooms | 2-3 |
| Unit sizes | 59โ131 mยฒ |
| Total units | 15 across 3 unit types |
| Available now | 6 units |
| Starting price | $1.76M up to $3.87M |
| Payment plan | 20% down ยท 45% during build ยท 30% on handover ยท 36mo post-handover |
| Projected ROI | 6โ8% net rental yield |
| Location | Downtown Dubai, UAE โ Downtown Dubai |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| 2BR Garden | 59 mยฒ | 2 BR | $1.76M | Sold out |
| 3BR Penthouse | 79 mยฒ | 3 BR | $3.27M | 4 left |
| 3BR Sky | 131 mยฒ | 3 BR | $3.87M | 2 left |
Payment plan
๐ก Flexible plan with milestone-based drawdowns during construction. Bank financing available up to 60% LTV via local mortgage partners.
Construction progress
Amenities
Location & neighborhood
Located in Downtown Dubai, UAE, The Waters Downtown Dubai is walking distance to Dubai Opera and a short drive from Burj Khalifa. The neighbourhood is one of the most sought-after enclaves in the region, offering a rare mix of lifestyle amenities and long-term capital appreciation.
๐ The Waters Downtown Dubai, Downtown Dubai, UAE
- Downtown Dubai Center 0.5 km โ 4 min
- Burj Khalifa Landmark 0.5 km โ 4 min
- Dubai Mall Landmark 0.6 km โ 5 min
- Dubai International (DXB) Airport 11 km โ 25 min
- Palm Jumeirah Landmark 17 km โ 36 min
- JBR Beach Beach 19 km โ 42 min
- Al Maktoum Airport (DWC) Airport 35 km โ 56 min
Distances are straight-line; drive times are estimated averages.
Similar projects
Just launched
Early bird
Finishing works