Apartments and flats for sale in Meydan Avenue

Apartments for sale in Meydan Avenue

The opportunity to buy a flat in Meydan Avenue for foreigners is an option for those who want to live in a vibrant neighbourhood close to the centre of Dubai. The mixed-use cluster is next to Al Meydan Road and the famous Meydan Racecourse. It features modern low and mid-rise buildings, parks, 3.5 kilometres of walking paths, a cycle track and a boulevard with entertainment facilities.

The project includes more than 1800 apartments for sale in Meydan Avenue, Dubai. Within 1.5 kilometres, there are 3 shops: Fair Mart, Bizcon Minimart, and Grand Fresh, as well as a large Spinneys supermarket.

Several highly rated nurseries and schools are within a 10–15-minute drive radius: Safari Kid Nursery, Rashid Boys School, Latifa School For Girls, and Hartland International School. Nad Al Sheba Health Centre Hospital is also within the same distance.

Investors buying an apartment in Meydan Avenue can quickly access critical areas of the emirate. It takes approximately 15 minutes to reach the city centre's Burj Khalifa skyscraper and Dubai Mall. The exact route takes you to Business Bay and the DIFC Financial Centre.

Palm Jumeirah Resort Island, Burj Al Arab Hotel and The Walk promenade take around 25 minutes. DXB International Airport is a 20-minute drive away, and Al Maktoum Airport is a 40-minute drive away.

Prime Views, Park Avenue, Centurion Onyx, and Polo Residence are popular complexes of apartments in Meydan Avenue for investment and living. As a rule, they include studios and apartments with 1–4 bedrooms. The buildings have everything for comfortable living:

• swimming pools;
• gyms with fitness equipment;
• cafes and shops;
• gardens and walkways;
• children's playgrounds.

Apartments prices in Meydan Avenue, UAE:

• studios — from AED 600,000 ($163,500);
• 1-bedroom residences — from AED 750,000 ($204,000);
• 2-bedroom residences — from AED 1.01 million ($275,000);
• 3-bedroom apartments — from AED 3.65 million ($993,500).

Investment apartments in Meydan Avenue   

The area will be an excellent choice for those who want to buy a quality property in Dubai at a favourable price. Developed infrastructure, proximity to the centre and the presence of construction projects increase the location's attractiveness.

You can buy an apartment in Meydan Avenue for expats at the excavation stage and then profitably resell it. Property prices in the completed house are usually 20–30% higher than in an off-plan one. The average construction period of housing in the UAE is 2–3 years.

Another way to invest is to rent a residence long-term and receive a stable profit. The cost of apartments in Meydan Avenue for rent starts from AED 70,000 ($19,000) per year for a 1-bedroom residence. The average annual ROI in the community is:

• studio — 6.5%;
• 1-bedroom residence — 7.5%;
• 2-bedroom — 8%;
• 3-bedroom — 6.8%.

This is an excellent indicator for apartments in Dubai.

Profitable to buy an apartment in Meydan Avenue

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