Apartments and flats for sale in Meydan

Apartments for sale in Meydan, Dubai

Apartments in Meydan for investment and living are a popular choice among investors seeking profitable opportunities in real estate. The community, with the famous eponymous racetrack and the Track golf course, is located near the major highway Ras Al Khor Road. It's a 15-minute drive to the city centre and the coastline.

The community boasts a developed infrastructure: there are parks, fitness centres, clubs, IMAX cinemas and walking and jogging paths. Within a 10-12-minute drive are several popular schools and nurseries: Safa British School, GEMS Jumeirah, Jumeirah International Nursery, Hummingbird Nursery, Medcare Hospital and Emirates Hospital. For food lovers, there are numerous restaurants and cafês, including Fiya, Shiba, Calla and Loop. Another local attraction is the Meydan Bridge, with wave-shaped railings beautifully illuminated at night.

The area continues to be developed, with a large Meydan One Mall under construction. This mall will include over 620 shops and restaurants, an ice rink and several concert halls. It will also host various sports events. Currently, residents can go shopping and for entertainment at the largest mall in the Emirates, Dubai Mall.

Apartments in Dubai's community range from modern studio units to spacious 5-bedroom apartments. Such diversity ensures good demand. Local real estate is popular among both single buyers and families with children.

The cost of apartments in Meydan depends on their area and the project in which they are located. Most complexes have pools, gyms and playgrounds. The apartments offer panoramic views of parks and the cityscape.

Average apartment prices in Meydan, UAE:

• Studio units starting from AED 490,000 (USD 133,500)
• 1-bedroom units starting from AED 700,000 (USD 190,500)
• 2-bedroom units starting from AED 950,000 (USD 258,500)
• 3-bedroom units starting from AED 1.35 million (USD 367,500)
• 4-bedroom units starting from AED 4.45 million (USD 1.21 million)
• 5-bedroom units starting from AED 13.8 million (USD 3.76 million)

Investment apartments in Meydan

Apartments in the community attract investors due to potentially high ROIs. Many prefer to buy property here during the construction phase for subsequent resale. This strategy can yield a profit of up to 30% of the original price. Combined with the overall rise in property prices in Dubai, this makes Meydan an excellent area for investment.

Another way to generate income from investments is to rent out the property. As the area is close to the centre and has a well-formed infrastructure, it’s in demand among both locals and expats.

Average ROI depending on the property configuration:

• Studio options: 7.4% per annum
• 1-bedroom flats: 7.2%
• 2-bedroom flats: 6.9%
• 3-bedroom flats: 6.1%

Buying an apartment in Meydan

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