Dubai World Trade Center Best Area Guide 2022

Dubai World Trade Center

Dubai World Trade Center is among the busiest and many happening locations in Dubai. Situated parallel to the city’s primary artery – Sheikh Zayed Road – the city lies in the middle of the central business and financial district where other similar developments for example Downtown Dubai, Dubai Worldwide Financial Center (DIFC), and Business Bay exist. Hosting several fairs, exhibitions, concerts, and global conventions, Dubai World Trade Center (DWTC) plays a simple role in the growth of worldwide trade in the center East.

Initially referred to as Sheikh Rashid Tower, DWTC was built-in 1979 and it was referred to as the tallest building at that time at 149 meters and 39 floors above ground. It initially began as only one building but after gradual progress and various additions, the complex has become extended across a place of just one.3 million sq. ft. It houses 21 exhibition halls, and 40 meeting rooms over 3 floors along with a couple of commercial towers and hotels outdoors the complex.

Still, thinking what’s Dubai World Trade Center? Generating significant revenue for that city’s economy in addition to creating numerous jobs, DWTC has built its presence like a cosmopolitan commercial destination. In this region guide, we’ll have a detailed take look at each facet of this skyscraper and also the entire development.

IN A NUTSHELL

  • Constructed in 1979, WTC was previously known as Sheikh Rashid Tower
  • Was the tallest tower in Dubai at 149 meters
  • Located amidst iconic landmarks of the city
  • Next to Dubai’s highway – Sheikh Zayed Road (E11)
  • Dubai Metro’s Red Line runs along with the World Trade Centre
  • The focal point for international trades and overseas businesses
  • Hosts many events, exhibitions, concerts, and trade shows

Sheikh Rashid Tower

NEIGHBOURHOOD

COMMUNITY OVERVIEW

The mixed-use growth and development of Dubai World Trade Center efficiently integrate commercial projects, residential qualities, retail spaces, and administrative centers. The WTC complex includes the 14-floor Convention Tower located near the large Dubai Worldwide Convention and Exhibition Center. Sheikh Rashid Tower and also the Novotel Hotel and Ibis Hotel can be found around the exhibition grounds. The residential side is restricted to Jumeirah Living – World Trade Center Residence. The Planet Trade Center Metro Station offers easy access outside the event venues known as The Plaza and Exhibition Gate.

Aside from these structures, the complex includes various exhibition halls for example Sheikh Rashid Hall, Sheikh Saeed Halls, Sheikh Maktoum Hall, and also the Trade Center Arena.

PROPERTIES IN DUBAI WORLD TRADE CENTRE

Formerly referred to as Sheikh Rashid Tower, Trade Center Tower is really a 39-floor skyscraper and among the first landmarks around the Sheikh Zayed Road. Considered the pioneering indication of worldwide trade, the 149-meter tall skyscraper has additionally been featured around the currency note of AED 100. It’s mainly an industrial building with lots of offices. Furthermore, the Trade Center Tower had once enjoyed the excellence to be the tallest building in the center East before the emergence of Burj Al Arab two decades later, as the title of the tallest building now resides with Burj Khalifa.

The complex of Jumeirah Living – Dubai World Trade Center Residence comprises two towers. It features 377 luxurious residences which include many short-stay serviced apartments, offering 1, 2, 3, and 4-bed units. Additionally, they provide the more spacious 1, 2, and 4-bed duplexes, along with the 3-bed breathtaking duplexes. Also, the complex facilities incorporate a fitness center, a rooftop pool as well as an in-house diner.

Jumeirah Living Dubai World Trade Centre

Made up of a king-size bed, the fir-master bedroom serviced flat features a floor portion of 900 sq. feet. Its amenities add a modern ensuite bathroom, a totally-outfitted kitchen, a widescreen LCD television, DVD player, free Wi-Fi, and complimentary utilization of an individual beach and Wild Wadi Waterpark. Further amenities for instance newspapers, hairdryers, ironing facilities plus a minibar are available on request.

Presenting extra amenities, the fir-bed duplex and two-bed residences are created more than a place of a single,160 sq. feet. to 2,180 sq. feet. Whereas, the 3-bed breathtaking duplex is created more than a place that ranges between 2,460 sq. feet. and two,730 sq. feet. The greatest famous them, 4-bed duplexes give a space of three,130 sq. feet. The price in the rental duplexes in Dubai World Trade Center starts from AED 99k and increases to AED 270k every year. The buying curiosity about duplexes in WTC, Dubai lies between AED 1.2M and AED 6.5M.

Rental Trends in Dubai World Trade Centre

Apartment Type
Average Rental Price in AED
1-Bed
90,000
2-Bed
125,000
3-Bed
216,000
4-Bed
225,000

By observing the overall cost trend from the residential apartments in Dubai World Trade Center, we have started to understand that the rents range from AED 65k and AED 270k per year. The cost depends upon how big the system is.

The cost of renting 2-bed apartments in Dubai World Trade Center starts from AED 65k yearly and rises to AED 150k yearly. Whereas, a 3 BHK flat for rent in DWTC costs between AED 175k and AED 270k yearly. In the situation, you are looking for a larger flat, opt to rent a 4-bed room apartment in Dubai World Trade Center which costs between AED 180k and AED 249k yearly.

Offices for Rent in Dubai World Trade Centre

The mixed-use project features an array of offices. Interested ones can pick from a 100 sq. foot. to 170 sq. foot. office for rental in DWTC or perhaps a bigger 6,000 sq. foot. to 22,000 sq. foot. unit. The annual prices of those commercial units begin at AED 16k. You will probably pay around AED 3.3M in the max.

Sale Trends in Dubai World Trade Centre

Apartment Type
Average Sale Price in AED
2-Bed
1,906,000
3-Bed
2,861,000
4-Bed
4,939,000

Due to the development’s effective economic status, property in Dubai World Trade Center will also be broadly considered for investments. Directly proportional to the available amenities, the purchase cost of apartments starts from AED 1.10M and rises to AED 6.9M.

The purchase cost of the 1-bed flat in Dubai World Trade Center is about AED 1.0M. It’s possible to purchase a 2 BHK flat in WTC at least the cost of AED 1.19M. For a 3-bed room apartment, the purchase costs up to AED 3.99M. A 4-bed room flat for purchase in World Trade Center is priced between AED 3.2M and AED 6.9M.

ROI in Dubai World Trade Centre

Apartment Type
ROI
2-Bed
6.5%
3-Bed
6.6%
4-Bed
4.8%

The 3-bed apartments are the most lucrative with the highest ROI of 6.6%. Investors can also consider buying 2-bed apartments with a potential ROI of 6.5%. Finally, 4-bed units can generate around 4.8% rental yield.

Dubai World Trade Center

Based on Rama Real Estate statistics, World Trade Center Residence is easily the most popular community for renting and purchasing qualities. Apartments for rent in World Trade Center Residence range from AED 99k and AED 269k yearly. Individuals prepared to buy apartments in World Trade Center Residence will find prices between AED 1.1M and AED 6.9M.

The 2nd most widely used building in Dubai World Trade Center is C1 Tower. It features apartments varying from two to three-bed units to rent and buy purpose.

Dubai World Trade Centre Floor Plans

If you are searching for WTC floor plans, check out our various 2D and 3D layouts available for each building in Dubai World Trade Centre.

Hotels in Dubai World Trade Centre

Dubai World Trade Centre

Regardless if you are searching for any short-term staycation or lengthy-term accommodation, the apartments at Dubai World Trade Center provide a luxurious living experience. The 3 separate apartment blocks will perfectly fit your residential needs. It features different units which are completely furnished and serviced. Some-star Novotel Hotel offers 412 suites and amenities like a salon, gym, an outside pool, free valet parking, and an array of bars and restaurants.

Ibis Hotel Dubai World Trade Center

The 2-star Ibis Hotel offers over 200 non-smoking rooms with facilities such as a minibar, rollaway beds, cable/satellite television, babysitting services, and a lot more.

TRANSPORTATION AND PARKING SPACES IN Dubai WORLD TRADE CENTRE

DWTC is served by three major roads: Sheikh Zayed Road (E11), 2nd Zabeel Street (D73), and Happiness Street (D86).

You will find multiple parking spaces in Dubai World Trade Center. Its many dedicated parking areas are located along Happiness Street (Al Sa’ada Street) and around its complex. Strategically divided, the facilities include free parking, compensated parking, and valet parking areas in addition to electric vehicle charging units.

World trade center dubai

Public Transportation near Dubai World Trade Centre

For public transit in Dubai World Trade Center, being near the Red Type of Dubai Metro is a big advantage for visitors and residents. Commuters who wish to use trains and buses can certainly connect to the metro station located alongside WTC.

Individuals who want to go ahead and take the bus can arrive at the bus stations located near Novotel Hotel and Jumeirah Living – World Trade Center Residence.

AMENITIES, SCHOOLS, AND HEALTHCARE

SUPERMARKETS IN Dubai WORLD TRADE CENTRE

Grocery and residential utility shopping can be achieved at Fair Trade Supermarket & Mall neat the ibis World Trade Center Dubai Hotel. Right opposite WTC there is also a ZOOM convenience store.

Carrefour Market, situated across Sheikh Zayed Road in Duja Tower is among the supermarkets near the Dubai World Trade Center that gives a broader and much more varied choice of fresh produce and merchandise at marketing prices.

CHURCHES, TEMPLES, AND MOSQUES NEAR Dubai WORLD TRADE CENTRE

Numerous places of worship near Dubai World Trade Center can be found in Oud Metha, nearly 7.7 kilometers away. It’s possible to achieve that area if you take a ten-minute drive while using the Sheikh Zayed Road route and visit St. Mary’s Catholic Church, The Dubai City Church, and St. Thomas Orthodox Cathedral Dubai. There are lots of other places of worship in Dubai for everyone in the various denominations of Christianity.

Temples near World Trade Center include Mahamevnawa Buddhist Temple in Al Wasl. Hindu temples include Shiva Temple, Shree Krishna Haveli, and ShrinathJi Temple. Which comes in Bur Dubai, a brief 10-minute drive from DWTC.

Presently, there’s no mosque in World Trade Center only one can click on Al Shaikh Hamdan Bin Rashid Al Maktoum Masjid reachable inside a 7-minute drive. A few mosques will also be present in the region across Sheikh Zayed Road.

st mary's catholic church dubai

SCHOOLS AND UNIVERSITIES IN Dubai WORLD TRADE CENTRE

Choices for preschoolers include Smart Children Nursery, Roots and Wings Nursery, and StepUp Nursery within the Al Jafiliya community, accessible having a 7-minute drive. Hummingbird Nursery DIFC, its extension Hummingbird Pre-school DIFC, Safari Kid Sheikh Zayed Road Nursery, and Grassland Daycare & Nursery are the other facilities for preschoolers.

For elementary education, there are a couple of schools near the World Trade Center. Parents can send their kids to GEMS Wellington Primary School, Salma Al Ansari School, Al Wasl Women School, and Al Maktoum Primary School for Boys. These options come in the neighboring area of Al Satwa and are reachable within ten minutes.

Offering a number of courses, Dubai College of Tourism close to the ibis One Central Hotel supplies a broad understanding of the fast-evolving tourism industry. The courses tap into different areas for example tourism, occasions, hospitality, retail, and cooking.

Different color leaves, there are a couple of institutes that provide business studies and/or courses, for example, Philippine Business School, Champion Traders Academy, and Blue Sea Academy.

There’s an abundance of educational institutes near Dubai World Trade Center. Whether you need to learn different languages for example Mandarin or Arabic or wish to get ready for admission tests for example Scholastic Assessment Test (Sitting), Graduate Management Admission Test (GMAT), or Worldwide British Language Testing System (IELTS), World Trade Center and it is neighboring areas have you ever covered.

You’ll find the china Language Institute within the H Hotel, opposite World Trade Center. The Arabic Language Center (ALC) is on the fourth floor of Sheikh Rashid Tower.

FAQS ABOUT Dubai WORLD TRADE CENTRE

Where is the World Trade Centre located?

World Trade Centre is one of the busiest locations in Dubai, situated parallel to the main highway along Sheikh Zayed Road.

What is the old name of the Dubai World Trade Centre?

It was formerly known as Sheikh Rashid Tower.

How to get around Dubai World Trade Centre by public transport?

Residents can use Dubai Metro and taxis for an easy commute. You can also find trains that run every few minutes, from 5 am to 11 pm using a Nol Card.

Who owns Dubai WTC?

The Government of Dubai.

When was Dubai Trade Center built?

  • Construction began: in 1974
  • Completed: 1979

Which is the oldest building in Dubai?

Al Fahidi Fort is the oldest existing building in Dubai. Whereas, if you talk about the first tallest building on Sheikh Zayed Road, it is the WTC complex.

LOCATION

  • Lies parallel to Sheikh Zayed Road
  • Towards the west of Dubai Creek
  • Situated southwest of Bur Dubai
  • Neighbors of the vast residential community of Za’abeel
  • About 10.4 kilometers (12 minutes) away from Dubai International Airport

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