This huge district offering luxury real estate in MBR City is named after Mohammed bin Rashid Al Maktoum, the current Emir of Dubai. The total area of the district is 10,800 hectares, of which 220 hectares will be occupied by parks and gardens, including golf courses. The district is located 3 km from the Business Bay area and 9 km from the popular Jumeirah Beach. The estimated cost of the project development is 30 billion AED. According to the development plan, MBR will be a «city within a city». There’ll be a developed public transport system, including a monorail connecting the area with two international airports. The leading developers, Emaar Properties and Dubai Holding are well-known. The start of construction was announced in 2012. The development project of the district has undergone strong changes from the initial building plans, which were to build the largest shopping centre in the world, the tallest residential skyscraper and even the longest ski run. In the future, those who buy new buildings in the community in MBR City will possibly have access to these facilities, but the exact timing of this is not yet known. In the article, we will discuss the current state and what will be built in the coming years. At present, there’re several separate residential complexes on the territory of the district. Various developers are working to create the advantages of Mohammed bin Rashid City, namely a variety of residential buildings and landscape.
The territory of the district − this is the last large vacant lot near the business centre of the Emirate of Downtown Dubai, allocated for the development of luxury homes. Everything about real estate in MBR City becomes clear due to the location of the area: Business Bay and Downtown Dubai are literally across the street, and the Persian Gulf Embankment is a 10-min drive away. Dubai International Airport can be reached in 24 mins .
Contents
- Advantages of Mohammed bin Rashid City
- Attractions
- Night clubs
- Beaches and entertainment
- Hotels
- Restaurants
- Shopping malls
- Fitness centres
- Active water sports
- Spa and recreation
- Transport
- Schools and kindergartens
- Hospitals and pharmacies
- All about real estate in Mohammed bin Rashid City, UAE
- New buildings and communities in MBR City
- Types of real estate in Mohammed bin Rashid City
- Real estate rental prices
- Prices for the sale of real estate
- Real estate in Mohammed bin Rashid City for investment
Advantages of Mohammed bin Rashid City
At the moment, several residential complexes with villas, townhouses and multi-storey buildings have been commissioned in the district. Six more residential complexes are planned to be completed by 2026. The construction of several previously planned infrastructure facilities has been postponed for the time being. The main advantage of the area, which will become the pearl of the Emirate of Dubai, UAE after completion of the plans, is its unique location and the opportunity to invest in housing in Dubai during the construction phase. Types of real estate in Mohammed bin Rashid City include both low-rise buildings and high-rise buildings. The advantages of MBR City for Europeans are that this area is one of the largest freehold zones in Dubai. Foreigners can purchase real estate here with unconditional and full ownership rights.
Attractions
The territory of the quarter stretches for many kilometres. There is already something to admire at present, e.g., man-made crystal-clear lakes and lagoons. Many villas in MBR City are located around them and allow their residents to relax on sandy beaches. Thanks to these reservoirs, locals forget that the Persian Gulf is only a 10-min drive away.
There’s a golf course, The Track, at the Meydan Golf Club. On this professional site, you can learn to play golf, and visit a golf goods store and restaurants. The complex is adjacent to the hippodrome, where equestrian competitions are held, and the jumps can be observed from the multi-storey buildings in the neighbourhood. The Meydan Bridge, which connects District 1 in MBR City to the golf course, serves as a popular backdrop for selfie lovers. The bridge,with curved shapes, looks very unusual and offers stunning views of the emirate's iconic cityscape.
Night clubs
Almost 85% of the population of the Emirate of Dubai, UAE, are foreigners without local citizenship, but they all comply with the local laws based on the precepts of Islam. However, the district does provides expats with the opportunity to not break tradition but at the same time maintain the usual Western lifestyle.
There are several nightclubs in Dubai, which can be reached from the district in 10-15 mins. In MBR City, you can visit the Soho Beach DBX club, where guests are invited to relax to techno music, eat, drink and have fun in the large and various small pools. Such a neighbourhood doesn’t affect the rental prices of real estate in MBR City; however, it does increase interest in the area among wealthy young people.
Beaches and entertainment
The development plan of the district includes the construction of an aquapark, but the timing of its construction has not yet been determined.
Residents of the town can relax on the shore of artificial lagoons or go to the coast of the Persian Gulf. A 10-min drive away is Jumeirah Beach with its mesmerizing white sands, where all possible beach activities, bars and restaurants are available to visitors. The nearest water park, Splash 'n' Party Kids Water Park, is an 11-min drive away. If you want to diversify your vacation, then the road to the rest of the entertainment centres is quickly reachable, as the district borders the Dubai Marina and Business Bay, where the dolphinarium, family recreation centres, trampoline playgrounds, game rooms and attractions are located, suitable for both children and adults.
Hotels
At present, there is only one hotel in the district, The Meydan. This five-star hotel offers those who come to Dubai, UAE accommodation in luxury rooms and access to a golf course and a racetrack, luxury restaurants and a nightclub.
Accommodation here will be an excellent choice for those wanting to purchase real estate in Mohammed bin Rashid City for investment and wanting to get acquainted with the area beforehand. The road from the airport to the hotel takes only 15 mins.
Restaurants
Even though the district is still poorly built up, residents and guests are allowed to visit establishments catering for every taste to maintain their usual lifestyle. E.g., there is a high-rise restaurant, the Hola Rooftop, with an amazing view of the city. You can sit in the cosy Qahwaty cafe with a view of a large man-made lake.
There’re also numerous coffee shops, fast food establishments, and bakeries located here.
Shopping malls
At the moment, there is no large shopping centre in the area but you can buy everything you need in the local shops and supermarkets. The nearest shopping centre is the Dubai Mall in the Downtown area, reachable in 10 mins. The mall accommodates over 200 stores with products from popular brands, a huge aquarium, an ice rink, a panic room, a children's playground, cinemas etc.
Fitness centres
Apartments in MBR City offer residents quick access to the neighbouring Business Bay community, where there are over 10 fitness centres, one centre located literally across the street from the district. Such an abundance of choices will allow you to choose a gym or a group class to suit your taste and price. In the future, MBR City will have fitness centres and gyms.
Active water sports
The advantages of Mohammed bin Rashid City in Dubai, UAE, are its proximity to the coast. Residents of the area can be on the beaches of the Persian Gulf in just 10-15 mins, where you can scuba dive, do kitesurfing and parasailing, go water skiing, wakeboard or sapboard etc.
Spa and recreation
If you are studying all about real estate in Mohammed bin Rashid City to move to Dubai for permanent residence, information about spa services in the area will be useful. Currently, you will have to go to neighbouring areas for a relaxing massage and other wellness treatments. In Downtown Dubai, there are over 10 spa centres for such treatments. As the area develops, it will have eventually have its own spa.
Transport
Many new buildings and communities in MBR City have not yet been fully commissioned and don’t have public transport stops. Residents are invited to drive their vehicles or hire taxis. By purchasing apartments and villas, future owners also receive parking spaces.
The nearest public transport stops are the following:
- A metro station − Burj Khalifa / Dubai Mall, in the nearby Downtown area;
- A bus stop − Capital Golden Tower, across the street from the district.
Schools and kindergartens
Regardless of what types of real estate in Mohammed bin Rashid City − apartments or villas − you will acquire, you will be able to study at any of the three nearest schools. Two of them, North London Collegiate School and Heartland International School Dubai, are international. Moreover, the first one is known for successfully preparing children for admission to the best universities in the world. The third school, Rashid School, accepts only boys and has an ambitious task − to train future politicians and managers of the Arab Emirates.
For younger children, there are two kindergartens in the district, which are located at different ends of the district for the convenience of its residents.
Hospitals and pharmacies
There is a Nad Al Sheba Health Centre hospital on the territory of the district, offering primary care. If you need more serious treatment, you can travel to other areas of the Emirate of Dubai, UAE. Dozens of medical institutions work on the coast and in the neighbouring communities.
The DOCLIB Meydan Pharmacy is located in the community.
All about real estate in Mohammed bin Rashid City, UAE
New buildings and communities in MBR City
The district offers a full range of residential real estate: from luxury villas with 8 bedrooms to small studios. The prices for the sale of real estate are favourable for Europeans due to the opportunity of a discount when buying a home during the construction phase and the convenient payment plans in installments. Different developers are engaged in construction, so each complex is unique. At present, buyers can choose housing in several ready-made residential complexes. In addition, 6 more communities are being built, which will be commissioned by 2026.
Types of real estate in Mohammed bin Rashid City
Among the apartments in the buildings, you can choose from a studio, an apartment with 1-4 bedrooms, duplexes and penthouses.
Townhouses in the area mostly have 2 to 4 bedrooms.
The widest selection is offered for those looking for villas in MBR City. There’re many private houses here − from small one-bedroom properties and typical villas with 2-5 bedrooms to luxury mansions with 8 bedrooms.
Real estate rental prices
The area is in demand among tenants due to its location. It’s ideal for those who work in Business Bay and want to live in their home.
Renting a local studio with an area of 44 m² will cost from 45,000 AED ($12,250) per year, and a one-room apartment with an area of 52 m² - from 58,000 AED ($15,700) per year.
3-bedroom villas with an area of 353 m² are rented for 500,000 AED ($136,100) per year.
Real estate in MBR City for investment is beneficial for Europeans, as it will increase savings in a crisis.
Prices for the sale of real estate
The table shows the minimum prices for real estate in MBR City, Dubai.
| Type of real estate | Square (m²) | Price |
|---|---|---|
| Studio | 35 | 385 000 AED (104 800 $) |
| 1-bedroom apartment | 39 | 650 000 AED (177 000 $) |
| Villa with 4 bedrooms | 353 | 96 million AED (26.15 million $) |
| Townhouse with 2 bedrooms | 158 | 1.5 million AED (408 400 $) |
Real estate in Mohammed bin Rashid City for investment
The profitability of renting houses and apartments in MBR City ranges from 2.7 to 5.5%. Studios and studio apartments often bring the highest return on investment. Villas with 7 bedrooms have the lowest profitability. But if you consider that renting such a property will bring 1.07 million AED ($291,300) per year of passive income, it is clear that investing in such houses is a good option.
Our assistance in buying real estate in MBR City
If you want to know all the details about how to buy a property in the UAE, contact our specialists for an online chat or phone the numbers listed on the website. We’ll select a villa or apartment that meets all the requirements of the client and provide full support at all stages of the transaction. Start your journey to a happy life in Dubai today!
