Property for sale in Mohammed Bin Rashid City, Dubai, UAE: buy real estate, prices

Real estate for sale in MBR City

Real estate in Mohammed bin Rashid City, off-plan and ready, belongs to the premium class. This elite area is named after the Emir of Dubai, Mohammed bin Rashid bin Said Al Maktoum, who has ruled the region since 2006. It was under his leadership that Dubai began to build up, attracting investments from all over the world.

30 billion AED has been allocated for the development of a huge territory of 10,800 hectares. It’s planned to build over 26,000 residential facilities here: apartments that will be located in skyscrapers, as well as houses of different storeys, standard and designer villas and townhouses.

The buildings will stand away from each other, leaving a lot of open space between them and allowing residents to enjoy beautiful views from the windows. The largest developers of the emirate, such as Meydan, Emaar Properties, Sobha Realty and other firms with a well-deserved reputation, are trying to leave as much space as possible for running and walking paths, gardens and parks in MBR City. According to the plan, 2.2 km² will be allocated for green spaces. In some residential complexes, gardens and parks will occupy up to 60% of the area.

The longest artificial lagoon in the world with a length of 7 km will be located in this area. A pond with the purest sandy beaches stretches along many residential complexes. Just imagine how nice it will be to live in a private house with a view of the lagoon and the beach just a dozen metres from the threshold or in an apartment with a balcony offering panoramic views of the blooming gardens and the iconic cityscape of Dubai, UAE.

The district is located just a couple of mins’ drive from Downtown Dubai and Business Bay. The beaches of the Persian Gulf are a 10-min drive away. The cost of housing in MBR City can only increase in such a neighbourhood.

Some infrastructure facilities are already available, but more will become available with the expansion of construction. At present, there’s a golf course and a racetrack in the area, as well as a nightclub. There are three schools and kindergartens for children, and there is also a hospital. According to the original plan, the district was supposed to accommodate the largest shopping centre in the world and the tallest residential building, but the coronavirus pandemic prevented these ideas from materialising. At this stage, it is not yet known whether these projects will happen in the future. If so, one can only imagine how the cost of real estate in Mohammed bin Rashid City will rise. If not, other projects will appear that will be no less stunning and more practical.

Real estate in MBR City, UAE

Lifestyle and features of the area

Villas and apartments in MBR City offer a luxurious lifestyle to their inhabitants. In 2020, a local villa broke the sales record in the UAE as being the most expensive house in Dubai, UAE. Its cost was 90 million AED ($24.5 million). Appropriate services are attached to housing of this level. There are expensive restaurants and five-star hotels, as well as world-class golf courses and schools.

The convenience of the district lies in its location. It borders on the main business districts and tourist attractions, but the same influx of vacationers is not expected here so residents will be able to enjoy privacy and comfort. Highly liquid and profitable real estate in the area is noticeably more expensive than, e.g., in the JVC area. In addition, no public transport is available here yet, so it is only by chance that a few idle revellers may wander into the quiet streets of the elite neighbourhoods.

Types of real estate in Mohammed bin Rashid City

The area is being built by different developers, each creating unique real estate options. Buyers will find the following housing offers for investment:

studios;
one- to four-bedroom apartments;
duplexes for three or four bedrooms;
penthouses;
townhouses;
standard villas;
building plots where you can build a property to your liking.

If you are planning to move for permanent residence, real estate prices in MBR City will only allow you to get a «golden visa». In the district, you can find objects cheaper than the cost threshold of 2 million AED ($544,500) required to obtain a 10-year resident visa, but such objects are represented by studios, one-bedroom apartments and inexpensive townhouses. So, it’s not difficult to choose an option that will ensure the right to long-term residence in the United Arab Emirates. If you do not want to spend large sums on buying housing in MBR City, you can purchase an object for $204,000 and get a three-year resident visa with the possibility of unlimited extension.

The cost of apartments in the district starts from 385,000 AED ($104,800) per studio. The cost of houses starts from 1.45 million AED ($394,700). At the same time, each developer offers their prices and level of real estate. In several residential complexes, the price of studios can reach up to 1.28 million AID ($348,500).

Real Estate in Mohammed bin Rashid City for investment

Investment attractiveness of MBR

Investing in real estate in Dubai is one of the most reliable ways to receive passive income from investing money, as, in the emirate, there’s a fairly high percentage of return on investment – about 5%. In this elite complex, the average is 4%. Since this percentage is calculated from the high cost of local facilities, in absolute terms, rent is beneficial for the landlord. In addition, over the past year, the cost of local housing has increased by 10.7%, so investors will not just save money, but also increase it.

Today, foreigners can buy real estate in MBR City on favourable terms as companies are ready to make installments at the construction stage. If you are interested in objects in elite complexes with all the amenities, note the objects that have not yet been commissioned. There are many of them and you can buy both apartments and villas in MBR City at the construction stage.

Advantages of Mohammed bin Rashid City

Attractions

The district already offers interesting places for tourists and locals.

1. The Meydan bridge is one of the most recognizable landmarks and a popular place for selfies.

2. Residents of elite communities and guests of The Meydan Hotel have access to a golf course and a racetrack. These entertainments will suit everyone, from children to pensioners, so it’s worth buying a property in Mohammed bin Rashid City to bring joy to all family members.

3. Amazing high-rise buildings created according to individual projects can be found in the district today. E.g., among the commissioned multi-storey buildings in which Europeans can already invest, let's consider Wilton Terraces and Gemini Splendor.

Oasis in the desert

What distinguishes the district from other districts is the abundance of greenery and artificial reservoirs. Residents can leave their luxury high-rise buildings or villa and, after walking a couple of steps, find themselves on the shore of the lagoon.

Unlike most reservoirs in the communities of Dubai, UAE, these lagoons are not just decorative – beaches are arranged on the reservoirs. Some entrances to the water look like traditional sandy beaches, while others offer steps like in a swimming pool.

There are sun loungers and umbrellas on these beaches and sometimes adjacent pools and jacuzzis, and beach bars will be located in multi-storey buildings.

Almost all residential complexes are planned to be landscaped as much as possible. So, the new complex The Fields, whose name translates as «fields», will be surrounded by lawns and trees.

Restaurants and shopping

Real estate in the district is a great option for those who like shopping and enjoy drinking a glass of wine in cosy restaurants.

Even though only a few residential complexes have been commissioned in the area, there’re excellent restaurants with magnificent views. E.g., the Hola Rooftop on the roof of The Meydan Hotel or the shady Qahwaty cafe by the pond.

For shopping and other entertainment, residents can go to the Dubai Mall, the largest store in Dubai, UAE, reachable in approx.10 mins. If you buy a house in MBR City, you can enjoy unlimited access to one of the coolest shopping centres in the world.

Spa, sports and recreation

To buy a house in Mohammed bin Rashid City is worth it for those who are fond of sports and healthy recreation as residents can go to numerous fitness centres in the neighbouring Business Bay. The nearest one is literally across the street from the county and is just a few minutes’ drive.

In addition, high-rise buildings usually have their gyms and separate pools and some complexes offer spas and yoga halls. If you purchase a villa, then such amenities will be available in the communal centre of the residential complex.

For those who prefer outdoor sports, running and cycling paths, as well as a racetrack and a golf course, are available. You can also swim in pools and artificial reservoirs.

The more residential complexes developed here, the stronger the infrastructure will become. So the number of offers will grow in time.

Mohammed Bin Rashid City (MBR City)