CompletedDowntown Dubai

Vida Residence Downtown

Vida Residence Downtown by Emaar: a Vida-branded serviced-apartment tower of 320 one to four-bedroom homes on Mohammed Bin Rashid Boulevard, completed in 2019 and trading on the secondary market.

DeveloperEmaar

Entry priceAED 2.10M

CompletedMay 2019

StatusCompleted

CommunityDowntown Dubai

Overview

Project brief

A VIDA-BRANDED SERVICED-APARTMENT TOWER ON MOHAMMED BIN RASHID BOULEVARD

Vida Residence Downtown is a serviced-apartment tower by Emaar in Downtown Dubai, Emaar's flagship district built around the Burj Khalifa, The Dubai Mall, Dubai Opera and Burj Park. It sits on Mohammed Bin Rashid Boulevard and is linked directly to the Vida Downtown Dubai hotel, the first property of Emaar Hospitality Group's Vida Hotels and Resorts brand.

Per the Emaar brochure, the building is a 57-storey serviced-apartment tower sitting on a three-level podium, comprising 320 serviced one, two, three and four-bedroom apartments. The residences connect to the hotel by an air-conditioned glass bridge running from the podium levels, giving residents access to the hotel's services. The podium itself holds a swimming pool, a gym, a children's area and shops, with cafés and restaurants facing the boulevard.

Architecturally, the tower uses a wedged floor plate to open the apartments to views of Mohammed Bin Rashid Boulevard, the Burj Khalifa and the Dubai Fountain. The façade is a vertical composition of stone and glass drawing on 1920s New York art deco. The building sits at the heart of the Old Town precinct, physically linked to the traditional souk, Dukkan Al Manzil, and facing the Burj Khalifa.

Construction completed in May 2019, so the building trades on the secondary market rather than off-plan. Figures below reflect completed-building resale data rather than a developer launch.

PROJECT SUMMARY

Project	Vida Residence Downtown
Developer	Emaar
Community	Downtown Dubai (Old Town precinct, Mohammed Bin Rashid Boulevard)
Type	1, 2, 3 & 4-Bedroom serviced apartments
Height	57 storeys on a three-level podium
Total units	320
Hotel link	Air-conditioned glass bridge to Vida Downtown Dubai hotel
Status	Completed / handed over (May 2019)
Indicative resale entry	From approximately AED 2.1 million (1-bed, per PropSearch)

Storey count, podium and unit total per the Emaar brochure. Completed building; resale availability and pricing vary by unit and are confirmed on request.

UNIT MIX & SIZES

Unit type	Area published by Emaar	Recorded resale PSF (AED)	Recorded resale prices (AED)
1-Bedroom	Not published	2,712 – 3,099	2.1M – 2.4M
2-Bedroom	Not published	2,451 – 3,384	4.6M – 4.7M
3-Bedroom	Not published	3,131 – 7,943	6.3M – 16.0M
4-Bedroom	Not published	approx. 2,553	approx. 7.15M

The Emaar brochure confirms the one, two, three and four-bedroom serviced-apartment mix and the 320-unit total but publishes no layout areas at all. The PSF and price columns are recorded Dubai Land Department resale transactions reported by PropSearch, not asking prices or Emaar figures. Floor areas for a specific unit are confirmed on request.

THE INVESTMENT CASE

Vida Residence Downtown is a completed, standard-tier brief: the angle below is qualitative. Where the live Dubai Land Department transaction feed for Downtown Dubai is available, current pricing and PSF trends will be shown alongside — those figures are the basis for any comparison, not the estimates below.

DEVELOPER: EMAAR, ONE OF DUBAI'S MOST ESTABLISHED DEVELOPERS

Vida Residence Downtown is developed by Emaar, the developer behind many of Dubai's landmark destinations. Emaar reported revenue of AED 49.6 billion for 2025 and, with a proven delivery track record, has delivered over 125,600 residential units across Dubai and other global markets since 2002. Its portfolio includes Burj Khalifa and Dubai Mall. The hospitality side of the building is operated under Vida Hotels and Resorts, Emaar Hospitality Group's own lifestyle hotel brand. As a delivered building, Vida Residence Downtown carries none of the completion uncertainty of an off-plan purchase.

LOCATION: THE OLD TOWN PRECINCT, FACING THE BURJ KHALIFA

Downtown Dubai is Emaar's flagship district — a 500-acre development built around the Burj Khalifa, The Dubai Mall, Dubai Opera, Burj Park and the Dubai Fountain. Vida Residence Downtown sits on Mohammed Bin Rashid Boulevard within the Old Town precinct, physically linked to the Dukkan Al Manzil souk and facing the Burj Khalifa, with The Dubai Mall and the Boulevard's dining within walking distance. The position combines a landmark central address with an on-site branded hospitality offer.

RESALE & RENTAL CASE

The building is fully delivered and trades on the secondary market, so units can be inspected and their income assessed before purchase. Its serviced character — hotel-linked amenities, podium pool, gym and retail, and a direct connection to the Vida Downtown hotel — supports both long-let and serviced short-let demand in a district where visitor traffic is consistently high. Recorded transactions per PropSearch (see Market & Availability) span a wide PSF range, so the case for a specific unit depends heavily on floor, view and layout rather than on a building-wide average. Current rental evidence is confirmed on request.

RISKS & WATCHPOINTS

Secondary-market pricing — pricing is set by individual resellers and varies by floor, view and condition; recorded PSF for 3-bedroom units alone ranges from roughly AED 3,131 to AED 7,943, so entry points must be verified unit by unit.
Serviced, hotel-linked structure — serviced stock connected to an operating hotel can carry hospitality-linked fees and operating arrangements that differ from a standard residential tower; the terms attaching to a specific unit should be confirmed before purchase.
Downtown premium — Downtown Dubai prices at a premium to most of the city; the entry point should be weighed against that premium.
Service charges — central, serviced, branded-amenity towers typically carry higher service charges, which affect net yield.
Building age — completed in 2019; condition, refurbishment history and building reserve-fund position should be checked as part of due diligence.
No published unit-mix table — Emaar has not published a unit-mix table or per-type areas for this building; the sizes implied by the PSF figures above are PropSearch-derived and should be verified against the title deed and a measured plan before committing.

SOURCES

Emaar — Vida Residence Downtown brochure (57-storey serviced-apartment tower on a three-level podium, 320 serviced 1–4 bedroom apartments, air-conditioned glass bridge to the Vida Downtown Dubai hotel, podium pool, gym, kids' area and retail, Mohammed Bin Rashid Boulevard / Old Town precinct location, Dukkan Al Manzil souk link, wedged floor plate and art-deco-influenced stone-and-glass façade, Vida Hotels and Resorts by Emaar Hospitality Group).
PropSearch — Vida Residence Downtown project page: https://propsearch.ae/dubai/vida-residence-downtown (May 2019 completion, recorded resale transactions and price-per-square-foot ranges by bedroom count).
Emaar Properties — 2025 revenue and delivery figures.
Dubai Land Department transaction data (Downtown Dubai) — live feed pending.

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Location

AREA, COMMUNITY & CONNECTIVITY

Vida Residence Downtown is in the Downtown Dubai area.

Location record

Area: Downtown Dubai

Area and community are from our own project record, not the DLD register.

Area and community: our own project record. Neither is a survey, and neither is a substitute for your own site visit.

Developer

Emaar

Downtown Dubai

Emaar is the developer of this project in Downtown Dubai. The figures alongside describe Mitchell’s coverage of Emaar on this site and the registered sales behind it, not an assessment of the developer.

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Projects covered

182

Emaar briefs published on this site

Registered sales

From 1 of 182 briefs joined to the DLD register

Developer attribution as stated on this brief. Counts describe what Mitchell’s Realty publishes and, where shown, sales registered with the Dubai Land Department at those projects; they are not a measure of the developer’s wider portfolio or delivery record.

Method & questions

HOW TO READ THIS PAGE

Two different things sit on this page: transaction evidence taken from the Dubai Land Department’s public register, and the mechanics of buying in Dubai. The four notes below explain how the figures were built and what they can fairly be used for.

Registered, not askedEvery Dubai Land Department figure on this page comes from a sale that completed and was entered on the public register. Asking prices, portal listings and developer price lists are excluded: they record what someone hoped for, not what was paid.
Medians, not averagesProject samples are often thin, and a single penthouse or one bulk-discounted floor will pull an average a long way off. The median — the middle transaction — describes the typical unit far more reliably at these sample sizes. The count behind each figure is always shown so you can judge how much weight it deserves.
Sales only“Sales” means arm’s-length sales. Intra-family and other “Gift” transfers are excluded, as are rows registered at zero or nominal consideration, because neither is evidence of a market price.
A dated snapshotThese are a snapshot at the date stated beside them, taken from one extract of the register rather than queried live. A figure for this project quoted elsewhere, or taken from a different extract, may not match what you see here.

Common questions

What does buying off-plan at Vida Residence Downtown involve?

Off-plan means contracting with the developer before the building is finished. In outline: you reserve the unit, sign the developer’s Sale and Purchase Agreement (SPA), and pay in instalments tied to construction milestones rather than in a single sum at the start.

Buyer payments on an off-plan sale in Dubai are made into a project escrow account regulated under Dubai Law No. 8 of 2007, and are released to the developer against verified construction progress. The developer registers the sale with the Dubai Land Department. The contract is between you and Emaar; we act as broker, not as principal.

What is the 4% DLD transfer fee, and who pays it?

The Dubai Land Department charges a property registration (transfer) fee of 4% of the price recorded on the contract, plus a fixed administrative charge. That is the rate in force as at July 2026. The statutory position splits the fee between buyer and seller; established market practice in Dubai is that the buyer pays the whole 4%.

Developers sometimes offer to absorb part or all of it on off-plan sales. Treat that as real only where it is written into the sale documents, not where it appears in marketing. Budget separately for the registration trustee charge, the Oqood registration fee on off-plan units, and — if you are borrowing — mortgage registration at 0.25% of the loan amount.

What is an Oqood registration, and is it the same as a title deed?

No. Oqood is the Dubai Land Department’s registration system for property that is not yet complete. When you buy off-plan, the developer lodges the SPA through Oqood, your interest is recorded on the interim property register, and you receive an initial registration certificate.

The title deed is a separate and later document, issued once the project is complete and the unit is formally transferred into your name. An off-plan purchase that is never registered leaves you off that interim register, so ask for evidence of Oqood registration once your first payment has cleared.

Can a non-UAE buyer own a unit outright?

In Dubai’s designated freehold areas, yes. Regulation No. 3 of 2006 sets out the areas in which non-UAE nationals may hold freehold title or a long lease; outside those areas ownership is restricted to UAE and GCC nationals. Ownership does not depend on holding UAE residency, and no local partner is required.

Tenure attaches to the plot rather than to a development’s marketing, so confirm what is recorded against the specific unit — freehold or leasehold, and the remaining term if leasehold — before you sign.

What happens at handover?

Once the building is complete and the completion certificate issued, you are called for handover: you inspect the unit (the snagging inspection), the developer addresses the defects listed, you settle the final instalment and any outstanding fees, and the unit is transferred into your name with a title deed issued.

Annual service charges begin at handover. They are levied per square foot at a rate approved by the regulator, so they are a recurring cost rather than a one-off. If you intend to let the unit, allow for the interval between handover and the first tenancy — a vacant unit earns nothing, and gross yield is annual rent measured against the purchase price, before those costs are taken off. Emaar gives completion for Vida Residence Downtown as May 2019; off-plan completion dates can move, and the SPA governs the position.

Where do the Dubai Land Department figures on this page come from?

They are drawn from the Dubai Land Department’s public transaction register — sales actually registered against Vida Residence Downtown, rather than asking prices, portal listings or developer price lists. They are a dated extract of the register, not a live query: the extract date is printed with the figures, and everything on this page is calculated from that single extract.

The number of sales behind every figure is shown alongside it. A median drawn from a handful of registrations carries far less weight than one drawn from several hundred, and should be read that way.

Who is Mitchell’s Realty, and how are you paid?

Mitchell’s Realty is the trading brand. The RERA-licensed brokerage behind it is The Luxury Real Estate Brokers LLC.

On developer off-plan sales the commission is paid by the developer. On resale transactions the brokerage fee is agreed with you in writing before terms are signed. We will confirm how we are paid on any specific transaction before you commit to it.

Please note. The above is general information about how transactions work in Dubai, not legal, tax or financial advice, and it is not a recommendation to buy. Fee rates, tenure rules and residency requirements change, and your own position may differ. Take your own independent legal and tax advice before you commit to a purchase.

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