Properties for sale in Mohammed Bin Rashid City (MBR City)

Property for sale in MBR City

Properties in MBR City, UAE are a prime example of a prestigious property in Dubai, situated within one of the most extensive multi-functional freehold complexes. This ambitious project, announced by Sheikh Mohammed bin Rashid Al Maktoum in 2012, cost AED 30 billion (USD 8.17 billion). It features popular tourist attractions, entertainment centres, an extensive park and the world's largest man-made lagoon. The project was inaugurated in May 2015.

While much of the area is already developed, the increasing popularity of property in MBR City for investment and living is leading to new projects. This allows for the purchase of both off-plan and build-to-suit properties. Currently, this community offers residents a variety of residential options, including high-rise and mid-rise complexes, as well as luxury townhouses and villas in Dubai.

Property prices in Mohammed Bin Rashid City depend on the type of property and its size:

• 1-bedroom apartments - AED 1.7 million (USD 463,000)
• 2-bedroom apartments - AED 2.9 million (USD 789,500)
• 3-bedroom apartments - AED 5 million (USD 1.3 million)

However, the maximum cost of apartments in Dubai in this area can be much higher. For example, 4-bedroom apartments are available for AED 19.5 million (USD 5.3 million) and a 7-bedroom residence costs AED 57.7 million (USD 15.7 million). This diversity of supply confirms that there is an option to suit every budget.

As for villas, the average cost of cost of property in MBR City of this type is AED 9.9 million (USD 2.7 million). You can buy a 4-bedroom house for this amount. The average price of a 5-bedroom house is AED 18 million (USD 4.9 million). A 6-bedroom villa costs AED 30.7 million (USD 8.4 million). A 7-bedroom house can be purchased for AED 65.7 million (USD 17.9 million).

Lifestyle in Mohammed Bin Rashid City

Conveniently situated between the E311, E11 and E44 motorways, the property in Mohammed Bin Rashid City, Dubai boasts excellent transport links. For families with children, the area hosts two international schools: Hartland School and North London School. With the ongoing construction of various entertainment and shopping centres, shops and other innovative projects, the cluster is evolving into a dynamic modern community.

The community enjoys proximity to the city's central districts, offering residents access to a wide range of shopping facilities. The Carrefour supermarket is just a 12-minute drive away, while Lulu Express is reachable within 9 minutes by car. Additionally, all essentials can be purchased at one of the region's largest shopping malls, Meydan One Mall, which is currently under construction and slated for completion soon.

A well-developed healthcare system provides medical services at several hospitals. Premium clinics, including Emirates Hospital and American Hospital, are within a 15-minute drive.

Less than a 30-minute drive from the coastline, residents can easily reach one of the area's well-maintained beaches, including Sunset Beach, Kite Beach and Jumeirah Beach.

The cluster is surrounded by numerous attractions, including the Burj Khalifa skyscraper and the Dubai Mall shopping and entertainment centre, both within a 15-minute drive. Ras Al Khor Wildlife Sanctuary, located on Dubai Creek, is reachable within 20 minutes by car and Safa Park, one of the best family leisure destinations, within an 8–10 minute drive.

For golf enthusiasts, the area is home to The Track golf course. Several other well-known golf clubs can also be found nearby, including Emirates Golf and Al Badia.

Investment real estate in MBR City

Buying property in MBR City for foreigners is potentially lucrative. The prices of real estate for sale in MBR City increase annually, mirroring the growth of the emirate as a whole. Over the past year, prices have risen by an average of 4.6–22%. Villas and apartments in the fast-developing community are in high demand, ensuring that they can be resold at a higher price. Income can be generated from investments in both finished and off-plan properties.

Additionally, purchased properties can be rented out. In this area, 2-bedroom apartments offer the highest return on investment. The ROI for such properties is 7.85% per annum. This is followed by 3-bedroom apartments with a yield of 7.67%. 1-bedroom apartments have a yield of 7.32%.

When considering villas, 5-bedroom villas have the highest profitability at 7.53% per annum. In second place are villas with 4 bedrooms, with a coefficient of profitability of 6.45%. Villas with 6 bedrooms have an average yield of 6.04%.

Profitable to buy property in MBR City

The website presents the best real estate sales offers in the Emirates. The search system is equipped with convenient filters. Simply select the type of property and the desired area and you will promptly receive all the relevant information about the sale. Our specialists are readily available to assist you in finding the best option and help with purchasing real estate in MBR City for expats.