Properties for sale in Dubai Festival City

Property for sale in Dubai Festival City

The community area falls under the freehold zones, so buying property in Dubai Festival City for foreigners is permitted in full private ownership. The transaction can be completed remotely: it is sufficient to select a property from the database provided and settle organisational and financial issues with the seller.

The area is located close to the sea and covers an area of 5.2 sq. km, part of which is occupied by residential buildings and the rest by commercial and public facilities. The largest complex was built by the Al Futtaim Group, which specialises in the construction of multi-functional residential complexes. The Nad Al Hama Road is within just 5 minutes’ drive, providing access to all parts of the city.

The area is divided into 3 main clusters: Al Badia, Festival Centre and Marsa Plaza, with the Creekside Promenade in between. The buildings are of medium height, giving the apartments views of the sea and the city. The airport is only 2.6 km away, and the well-maintained beaches are 10 to 15 km away.

The area of property in Dubai Festival City has grown considerably in recent years, thanks to expatriates who appreciate its picturesque landscapes and high-quality developments.

Our database is constantly updated so that you have access to the most advantageous properties in Dubai Festival City, UAE, from developers and agencies with impeccable reputations.

Lifestyle in Dubai Festival City

The name of the area reflects its lifestyle: creative and business events take place all the time, there is plenty of entertainment for adults and children, and in the evenings, light shows are organised to show the beauty from a new perspective. Favourite places for expatriates buying property in Dubai Festival City for investment and living include:

• Mall with over 500 shops including Chanel and DOLCE & GABBANA boutiques;
• Restaurants including Bateel, Al Fanar, Motomachi and Hard Rock Café;
• Waterfront Centre with a cinema, 350 shops, snack bars and restaurants;
• MEES 17 and the Arena;
• The Promenade with cafes on Creek, where you can also take a yacht ride on the Gulf;
• Festival Bay with a 40 m Ferris wheel and the famous Imagine Fountains.

For groceries, you can shop at one of the supermarkets: Choithrams, Abu Hail, Carrefour or Kadooli. If you are moving with children, the proximity of the Universal American School and the Deira International School will be a great advantage. There are also hospitals in the area - the Dental Clinic, the Medcare Center, the German Cardiology Center Bremen FZ-LLC, the American Spine Disorders Treatment Center and the Dr. Dana Diet Center.

Investment real estate in Dubai Festival City

The number of expatriates and investors in the area has increased from 2010 to 2015, which is attributed to the emergence of modern complexes. Over the past 5 years, residential real estate for sale in Dubai Festival City has become particularly attractive to foreigners, which is understandable:

• New residential complexes with modern finishes and all the necessary internal and external infrastructure are appearing in the area;
• Beautiful views from windows, balconies and terraces are available in almost all properties;
• It is easy to find homes in the area based on individual requirements for size and layout; 1- to 4-bedroom properties are available for sale;
• Passive rental income is at least 4.7% per annum, with the potential to increase this significantly by letting the property on a daily basis;
• There are options with potentially high rental fees in several complexes; the most sought after are in Al Badia Residences, Al Badia Hillside Village and Marsa Plaza;
• Buying apartments in Dubai comes with many additional privileges, including concierge services, access to barbecue areas, playgrounds, indoor and outdoor swimming pools;
• Experts predict that property prices in the region will continue to rise, and the population will continue to grow, guaranteeing a successful rental market.

Foreigners can choose the real estate in Dubai Festival City for expats based on their personal preferences and financial capabilities, which will determine the initial cost:

• 1-bedroom apartments are available for an average of AED 1.7 million ($462,900);
• 2-bedroom apartments are priced from AED 2.6 million ($707,000);
• Penthouses can be purchased from AED 5.5 million ($1.5 million).

The following factors influence the cost of property in Dubai Festival City:

• Type: 1- and 2-bedroom apartments are most commonly offered here;
• Number of bedrooms and bathrooms;
• Area and layout;
• Design: exclusive projects will cost more;
• Availability of furniture;
• Technical equipment;
• View from the window: landmarks, city, sea;
• Presence of terrace or balcony;
• Complex infrastructure: there are residential apartments in Dubai with swimming pools, round-the-clock security, gyms, saunas and other options;
• Project stage at the time of purchase: property prices in Dubai Festival City in a building under construction is approximately 1.5 times lower than an apartment in a completed project (the difference may be greater if you invest at the beginning of construction);
• Location specifics, such as proximity to MEES 17 or the Festival Arena.

As for the area, it varies from 49–55 sq. m to 300–400 sq. m, although there are more spacious options.

It is profitable to buy property in Dubai Festival City

It is not worth delaying the selection and purchase of real estate in this prestigious area, as prices have increased by 1.8% in January 2024 alone. Our website provides information on real estate with maximum liquidity, making it easy for you to find the best investment property in Dubai.

In addition to detailed descriptions and photos that allow you to judge the architecture of the complex, finishes and technical equipment, an interactive map is available. See which attractions, parks, transport hubs and shopping centres are close to the property you are interested in to assess whether it meets your requirements.