Apartments for sale in MBR City, UAE
Luxury real estate in MBR City is represented by apartments, villas and townhouses. This prestigious area of Dubai, UAE, occupies about 180 km² and is currently under active construction. Housing here is in high demand among buyers as the district is located next to the Business Bay business district. An apartment in MBR City with all amenities, located in a green oasis surrounded by a lagoon, will allow its owner to relax in a calm atmosphere before a new working day. And at night you can admire the iconic landscape of Dubai in the illumination of lights, sitting on your spacious balcony and looking at the big city lights.
At present, the district offers several ready-made high-rise buildings with apartments in different styles, as well as houses for one or two families. Developers of the city are actively working, so in the next couple of years, apartments in MBR City will be replenished with thousands of new residential units.
Prices
As statistics show, real estate prices in the emirate are rapidly increasing. Over the past year alone, the cost of residential properties here has increased by 10.7%. In the luxury housing sector, this figure is even higher. The most cost-effective offers for the purchase of real estate can be obtained at the construction stage. Developers also offer various installment plans, so it’s usually possible to pay for housing in installments over several years.
Apartments in Mohammed bin Rashid City for investment and accommodation disperse quickly. In the table below you’ll find prices for apartments in MBR City. We have listed prices for apartments of different categories to show the full range of offers.
| Apartment in MBR City | Square | Price |
|---|---|---|
| Studio | 113 m² | 385,000 AED ($104,800) |
| Two bedrooms | 474 m² | 1.1 million AED ($299,500) |
| Penthouse | 1814 m² | 14 million AED ($3.8 million) |
In comparison, the average property price in Dubai, UAE, is 1.1 million AED. The average cost of apartments in Mohammed bin Rashid City is still below this level.
Real estate in MBR City for investment
Investments in apartments in MBR City on average receive approx. 4% per annum on rentals. As the area develops, the profitability is likely to increase.
If you desire to buy the most highly liquid and profitable housing, then it’s worth choosing the studios as they will annually bring about a profit of 5.5% of the cost of the property. To save money, a three-bedroom apartment is best suited as they will only bring about an income of 3.9%, but are growing in price and are expensive, so a single purchase can achieve a higher saving.
The problem with savings is especially relevant for Europeans. Statistics show that in the last two months, the majority of the transactions for the purchase of real estate in Dubai, UAE, were with Europeans. In a period of instability, investing in housing in a region with sustainable development is the best solution.
Our assistance in buying an apartment in Mohammed bin Rashid City
If you want to learn more about how to buy real estate in Dubai, UAE, our English-speaking real estate specialists will answer you via online chat or by the phone numbers listed on the website. In our catalogue, you can find the current offers for the purchase of a villa or apartment directly from the developer in MBR City. You can view prices in dollars and euros. The company provides full support to the client at all stages of the transaction, as well as provides after-sale services and facility management.
