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Completed
Jan 2007
N/A
Freehold
Luxury
TL;DR: Attareen Residences is a 7-storey, 88-unit residential building on Old Town Island in Downtown Dubai, developed by Emaar Properties and completed in February 2007. Situated within the exclusive 405-apartment Old Town Island sub-community — home to The Palace Downtown Dubai hotel, Souk Al Bahar, and Al Saaha boutique offices — Attareen offers 1-bedroom apartments from 940 to 1,284 square feet, 2-bedroom units from 1,545 to 2,575 square feet, and 3-bedroom residences from 1,693 to 3,826 square feet. Current sale prices range from AED 1.9 million for a 1-bedroom to AED 18 million for premium 3-bedroom units, with the building providing 500 dedicated basement parking bays, 24-hour concierge, and direct pedestrian access to Souk Al Bahar, Dubai Mall, and the Burj Khalifa.
Attareen Residences occupies a position of exceptional privilege within Downtown Dubai's hierarchy of residential addresses. While Downtown Dubai encompasses hundreds of towers and thousands of apartments, Old Town Island — the specific sub-community where Attareen sits — houses just 405 residences across four quarters: Attareen, Al Tajer, Al Bahar, and The Palace Downtown Dubai. This intimate scale, combined with direct waterfront frontage on Burj Khalifa Lake, traditional Arabian architecture, and seamless pedestrian connectivity to Souk Al Bahar and Dubai Mall, creates a residential experience that stands apart from the high-rise, high-density character of the broader Downtown district.
Completed in February 2007 and designed by DSA Architects International, Attareen was among the first residential components of what would become the most valuable real estate precinct in the Middle East. The building predates the Burj Khalifa (2010), Dubai Mall (2008), and Dubai Fountain — yet its residents were the first to witness these landmarks rise from construction sites to global icons, and today they enjoy the closest and most intimate relationship with these attractions that any residential address in Dubai can offer.
Old Town Island's community statistics underscore its exclusivity: 405 apartments, 161 hotel rooms, 83 hotel suites, 2,100 total parking bays, 4 community swimming pools, 15 restaurants and cafés, 89 boutique shops, and 130,000 square feet of retail — all serving a resident population of fewer than 500 households (Source: Emaar Community Management / ecm.ae).
Attareen's Old Town Island location delivers perhaps the most culturally immersive and walkable living experience in Downtown Dubai:
Attareen's architectural language represents a deliberate counterpoint to Downtown Dubai's surrounding glass-and-steel towers. Designed by DSA Architects International as "a deliberately human-scale interpretation of traditional Arabic town architecture," the building integrates authentic Arabian design elements with modern residential standards:
Traditional Arabian Elements:
Modern Residential Features:
Recognition: Old Town (including Old Town Island) won the 2010 SAPOA Excellence Award for Best International Development and the 2011 World Travel Awards for Middle East's Leading City Resort — recognition that reflects the quality of the architectural vision and its execution.
Attareen residents access amenities at both the building and the broader Old Town Island community level:
Building and Community Amenities:
Souk Al Bahar Integration: The direct pedestrian connection to Souk Al Bahar effectively extends Attareen's amenity envelope to include 100+ boutique shops, 22+ restaurants and cafés, art galleries, and handicraft stores — all within a 2-minute walk through architecturally harmonious surroundings. Notable dining concepts within the souk offer views of the Dubai Fountain performances, providing residents with front-row access to one of the world's most spectacular public attractions.
Boutique Office Component: Attareen integrates approximately 8,000 square metres of boutique office space into its ground and lower levels, creating a mixed-use character that adds daytime commercial activity and convenience retail to the residential environment.
Attareen's 88 apartments offer generous proportions reflecting Emaar's early Downtown design standards:
| Unit Type | Size (sq ft) | Sale Price (AED) | Annual Rent (AED) | Est. Gross Yield | |-----------|-------------|-----------------|-------------------|------------------| | 1 Bedroom | 940 - 1,284 | 1,900,000 - 3,650,000 | 110,000 - 165,000 | ~5.0-6.5% | | 2 Bedroom | 1,545 - 2,575 | 3,700,000 - 15,300,000 | 200,000 - 350,000 | ~3.5-5.5% | | 3 Bedroom | 1,693 - 3,826 | 9,500,000 - 18,000,000 | 339,000 - 650,000 | ~3.6-5.0% |
(Source: PropertyFinder, PropSearch DLD transactions, Provident Estate, 2024-2026 market data)
Recent DLD Transactions:
The wide price range within each bedroom category reflects view premiums (Burj Khalifa-facing vs courtyard-facing), floor level, unit size variation, and the presence of private garden terraces or study rooms.
Views:
Emaar Properties is the master developer of Downtown Dubai — the 500-acre precinct that houses the Burj Khalifa, Dubai Mall, Dubai Opera, Dubai Fountain, and the Old Town community. Founded in 1997 by Mohamed Ali Alabbar, Emaar holds a market capitalisation of approximately AED 143 billion (~USD 39 billion) with annual revenues exceeding USD 12.2 billion and a land bank of approximately 1.7 billion square feet.
Old Town Island holds special significance within Emaar's portfolio as a demonstration of architectural and cultural ambition beyond commercial maximisation. Where a conventional developer might have built another cluster of high-rise towers on this waterfront site, Emaar created a human-scale, heritage-inspired island community that serves as the cultural and social heart of Downtown Dubai. The integration of The Palace Downtown Dubai hotel, Souk Al Bahar, boutique offices, and 405 residences into a cohesive, pedestrian-first island reflects a development philosophy that prioritises long-term community value over short-term density.
Attareen Residences presents a distinctive investment profile defined by irreplaceable scarcity:
Swimming Pool
Gym
Kids Play Area
Retail Outlets
Restaurant
Security
Parking
Concierge
Discover the exceptional location of Attareen in Old Town, offering unparalleled access to Dubai's finest destinations.
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