Property for sale in Mirdif
The property in Mirdif for investment and living is a truly unique option to become a happy homeowner in the UAE. The community attracts buyers and tenants by offering some of the most affordable villas in Dubai. While most suburban cottages consist of premium-class houses and townhouses, real estate in Mirdif for expats is the most optimal balance of price and quality. If you are interested in purchasing cosy apartments in Dubai, you can pick up the perfect ones in several residential complexes in the area.
The community is located near the city's major highway Sheikh Mohammed bin Zayed Road and Airport Road. You can reach places like Downtown Dubai and DIFC in less than 20 minutes. Dubai International Airport is a 12-minute drive away. The district is convenient enough for residents who do not have cars to lead a comfortable lifestyle. There are public buses to Rashidiya Metro Station.
The lowest price of properties in Mirdif, UAE, is only AED 470,000 ($128,000) when considering purchasing a studio. The starting price of a 1-bedroom flat is AED 849,000 ($231,000). Buyers should keep in mind that this area has some freehold residential complexes, and these properties will be much more expensive.
Property prices in Mirdif are higher for villas: the cost of 3-bedroom cottages starts at AED 2.3 million ($626,000).
Overall, the community has a large selection of layouts and configurations. The local apartments consist of cosy studios and 1-, 2- and 3-bedroom residences. The villas are available for purchase and rent in 3- and 4-bedroom configurations.
Lifestyle in Mirdif
This community is known as a family-oriented area with a low-cost property in Dubai. It will be useful for parents to know that the neighbourhood offers several English-speaking kindergartens and schools. GEMS Royal Dubai School follows the UK curriculum up to Grade 6 and has been receiving a high rating from KHDA for the past three years. Star International follows the English curriculum up to Grade 6 as well. In addition, the district has two Full International Baccalaureate (IB) schools with a good reputation: Uptown School and Dar Al Marefa School.
The community has Medcare medical centres and a Mediclinic hospital, a Spinneys store and a large Carrefour supermarket in the heart of the neighbourhood and several small grocery departments and convenience stores.
This area is home to one of Dubai’s finest parks, Mushrif, the community’s main attraction. One of the most worthy entertainment venues and photo zone here is a collection of miniature monuments and famous buildings from all over the world, which are scattered throughout the location. Mushrif Park is also considered the oldest in Dubai.
Community members can drive to the downtown for shopping, but they do not need to, as the area has its own huge shopping complex — City Centre Mirdif. There are numerous international fashion stores, branded home and leisure goods, gourmet restaurants and entertainment for children, including mini football. The shopping mall also hosts performances by world-class artists and entertainment events for people of all ages. The VOX Cinemas is another popular recreation option for community members.
In addition to the large shopping complex, the district has several other outlets scattered around the neighbourhood. Abaya Mall is a specialized showroom with women's traditional abaya capes. Golden Gate Mall is a place where there are several high-end restaurants, flower shops, departments and supermarkets with good items. Residents of the Shorooq sub-community can shop at the local public centre of their cluster as well.
The area is well-developed — there are many places to walk and jog, various parks and recreational venues. Car owners will be glad to know that there are no problem with parking spaces here. If residents live in apartment buildings, they receive one parking space per residence, while villas have a separate parking space or garage.
Investment real estate in Mirdif
The property for sale in Mirdif is rather investment-attractive and in high demand among businessmen and foreigners. However, when choosing a residence with sea views, you should be careful: a foreigner can buy a property in Mirdif only in a residential complex with freehold status.
Mirdif Hills is one of the few sub-communities in the area where foreign citizens can purchase real estate in full ownership. 2-bedroom residences here cost an average of AED 1.5 million ($408,500). When buying a property in Mirdif for foreigners, it is worth having a closer look at Mirdif Tulip residential complex, which belongs to freehold. The cost of 1-bedroom flats here starts at AED 1 million ($272,500). As for the rest of the sub-communities, you can purchase a property there as well. However, they offer leasehold housing options. This type of ownership means a long-term lease for up to 99 years. Moreover, you can live in this residence, but you cannot rent out, resell or redevelop it without the consent of the main owner.
The return on investment for real estate for sale in Mirdif reaches 6.7%, so investors can receive the highest income when buying and renting a studio and other modest properties for sale in Mirdif. This figure for villas is much lower — about 5%.
The cost of a property in Mirdif meets the UAE’s requirements to participate in visa programmes. Investors and their family members can apply for a 2- or 5-year visa when buying a home in the community.
Is it profitable to buy a property in Mirdif?
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