Off-Plan Properties Mohammed Bin Rashid City In Dubai

Last Updated on August 6, 2023 by Bram Vermolen

Off-plan property investment in Mohammed Bin Rashid City, Dubai, is the process of buying a property before it is completed or even constructed. Off-plan properties are usually sold by developers at a lower price than the market value, with attractive payment plans and incentives.

Off-plan properties offer investors the opportunity to benefit from capital appreciation, rental income, and flexible exit strategies. However, off-plan properties also come with certain risks and challenges, such as delays, quality issues, market fluctuations, and legal disputes. Therefore, it is important to do thorough research and due diligence before investing in off-plan properties in Mohammed Bin Rashid City.

About Mohammed Bin Rashid City

Mohammed Bin Rashid City, also known as MBR City, is one of the largest and most ambitious mixed-use developments in Dubai. It was announced in 2012 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of Dubai, as a new “city” within the city. The project covers an area of over 40 million square feet and is expected to cost around AED 30 billion. MBR City aims to create a world-class destination for living, working, leisure, culture, and innovation. It features four main components: family tourism, retail, arts, and entrepreneurship. Some of the highlights of MBR City include:

• The largest mall in the world, the Mall of the World, which will have over 20 million square feet of retail space, a theme park, a cultural district, and a wellness zone.
• The largest man-made lagoon in the world, Crystal Lagoon, which will span 40 hectares and offer water sports, beaches, and recreational activities.
• The largest family leisure and entertainment complex in the Middle East, Africa, and Indian subcontinent, which will include a park developed in collaboration with Universal Studios, with an annual capacity of 35 million visitors and more than 100 hotel facilities.
• The largest area for art galleries in the MENA region, which will showcase local and international artists and host cultural events and festivals.
• A hub for entrepreneurship and innovation, which will support start-ups and SMEs with incubators, accelerators, co-working spaces, and funding opportunities.

MBR City is also home to several residential communities that offer luxurious apartments, villas, townhouses, and mansions with futuristic designs and green building standards. Some of the popular residential projects in MBR City include Sobha Hartland, District One, Mag Eye at Meydan (formerly known as District 7), District 11 and Dubai Hills Estate.

How Is The Dubai Mohammed Bin Rashid City Real Estate Market?

The Dubai Mohammed Bin Rashid City real estate market is one of the most dynamic and attractive markets in the region. It offers a variety of properties for sale and rent that cater to different budgets, preferences, and lifestyles. The market is driven by several factors, such as:

• The strategic location of MBR City, which is close to major landmarks and attractions in Dubai, such as Downtown Dubai, Burj Khalifa, Business Bay, Design District, and Al Quoz.
• The high-quality infrastructure and amenities of MBR City, which provide residents with convenience, comfort, security, and entertainment.
• The strong demand for properties in MBR City from local and international buyers and tenants who seek luxury living and investment opportunities.
• The competitive prices and payment plans of properties in MBR City compared to other areas in Dubai.
• The potential for capital appreciation and rental income of properties in MBR City due to the ongoing development and completion of various projects.

According to Bayut1, the average sale price of apartments in MBR City was AED 1.4M in 2021. The average sale price of villas was AED 10.9M. The average rent for apartments was AED 63k per year. The average rent for villas was AED 230k per year.

How Is The Off-Plan Property Market In Mohammed Bin Rashid City?

The off-plan property market in Mohammed Bin Rashid City is one of the most active and lucrative markets in Dubai. It offers a wide range of off-plan projects for sale, from apartments and villas to townhouses and mansions.

Off-plan properties in MBR City are developed by some of the most reputable and renowned developers in the UAE, such as Sobha Group, Meydan Group, Emaar Properties, Azizi Developments, Ellington Properties, and MAG Property Development.

These developers offer attractive incentives and benefits to off-plan buyers, such as flexible payment plans, post-handover payment options, discounts, waivers, freebies, and guaranteed returns. Off-plan properties in MBR City are also eligible for mortgage financing from leading banks and financial institutions in the UAE.

What Are The Benefits Of Off-Plan Property In Mohammed Bin Rashid City?

Off-plan property in Mohammed Bin Rashid City offers several benefits to investors and end-users, such as:

• Lower prices: Off-plan properties are usually sold at a lower price than the market value, as developers offer discounts and incentives to attract buyers and secure funding for their projects. Off-plan buyers can save up to 30% compared to ready properties in MBR City.
• Capital appreciation: Off-plan properties have the potential to increase in value over time, as the demand for properties in MBR City grows due to its strategic location, high-quality infrastructure, and world-class amenities. Off-plan buyers can benefit from capital appreciation by selling their properties at a higher price when they are completed or near completion.
• Rental income: Off-plan properties can generate rental income for investors who wish to lease their properties after handover. MBR City is a popular destination for tenants who seek luxury living and convenience. Off-plan buyers can expect high rental yields and occupancy rates for their properties in MBR City.
• Flexible exit strategies: Off-plan properties offer flexible exit strategies for investors who want to diversify their portfolio or cash out their investment. Off-plan buyers can sell their properties before or after handover, depending on the market conditions and their personal preferences. Off-plan buyers can also transfer their properties to another buyer or assign their contract to another party with the consent of the developer.
• Customization options: Off-plan properties allow buyers to customize their properties according to their taste and preferences. Off-plan buyers can choose from different layouts, designs, finishes, and fittings for their properties. Some developers also offer bespoke services and solutions for off-plan buyers who want to create their dream homes.

What Are The Disadvantages Of Off-Plan Properties In Mohammed Bin Rashid City?

Off-plan property in Mohammed Bin Rashid City also comes with certain disadvantages and challenges that buyers should be aware of, such as:

• Delays: Off-plan properties are subject to delays due to various factors, such as market fluctuations, regulatory changes, technical issues, legal disputes, or force majeure events. Delays can affect the delivery date, quality, and value of the off-plan properties. Off-plan buyers should check the developer’s track record, reputation, and financial stability before buying off-plan properties.
• Quality issues: Off-plan properties may not meet the expectations or specifications of the buyers when they are completed. There may be discrepancies or defects in the construction, design, or finishing of the off-plan properties. Off-plan buyers should inspect their properties thoroughly before handover and report any issues or complaints to the developer or the relevant authorities.
• Market fluctuations: Off-plan properties are exposed to market fluctuations that can affect their value and demand. The real estate market in Dubai is influenced by various factors, such as supply and demand, economic conditions, political stability, consumer confidence, and global events. Off-plan buyers should monitor the market trends and indicators regularly and be prepared for any changes or risks.
• Legal disputes: Off-plan properties may involve legal disputes between the buyers and the developers or between the buyers themselves. There may be cases of breach of contract, fraud, misrepresentation, non-payment, cancellation, termination, or arbitration. Off-plan buyers should read and understand the terms and conditions of their contracts carefully and seek legal advice if necessary.

What Is The ROI On Off-Plan Properties In Mohammed Bin Rashid City?

The return on investment (ROI) on off-plan properties in Mohammed Bin Rashid City depends on various factors, such as the purchase price, selling price, rental income, maintenance costs, service charges, taxes, fees, and commissions. According to Bayut, the average ROI for apartments in MBR City was 6% in 2021. The average ROI for villas was 4%. The table below shows some examples of off-plan projects in MBR City with their estimated ROI based on current prices and rents:

Project Name	Property Type	Average Price (AED)	Average Rent (AED/year)	Estimated ROI (%)
Sobha Hartland	Apartments	1.5M	80k	5.3
District One	Villas	11M	450k	4.1
MAG Eye at Meydan	Townhouses	4M	200k	5.0
Dubai Hills Estate	Apartments	2M	100k	5.0

Why Is Mohammed Bin Rashid City Off-Plan Property Interesting For Real Estate Developers?

Mohammed Bin Rashid City off-plan property is interesting for real estate developers because it offers them several advantages, such as:

• Larger market share: MBR City is one of the most sought-after and prestigious destinations in Dubai. It attracts a large number of buyers and tenants from different segments and nationalities. By developing off-plan projects in MBR City, developers can capture a larger market share and increase their brand awareness and reputation.
• Faster cash flow: Off-plan projects in MBR City generate faster cash flow for developers, as they can sell their properties at an earlier stage of development and receive payments from buyers in installments. This helps them to finance their construction costs, reduce their debt burden, and improve their liquidity.
• Lower risk: Off-plan projects in MBR City involve lower risk for developers, as they can gauge the market demand and adjust their supply accordingly. They can also avoid holding costs, such as interest, taxes, and maintenance, by selling their properties before completion. Moreover, they can transfer some of the risks to the buyers, such as delays, quality issues, or market fluctuations.
• Innovation and creativity: Off-plan projects in MBR City allow developers to showcase their innovation and creativity, as they can design and build their properties according to the latest trends and standards. They can also offer customization options and bespoke services to their buyers, which can enhance their customer satisfaction and loyalty.
• Competitive edge: Off-plan projects in MBR City give developers a competitive edge over their rivals, as they can offer attractive incentives and benefits to their buyers, such as discounts, waivers, freebies, and guaranteed returns. They can also differentiate their products and services from other developers by offering unique features and amenities.

Why Is Mohammed Bin Rashid City Off-Plan Property Interesting For Real Estate Investors?

Mohammed Bin Rashid City off-plan property is interesting for real estate investors because it offers them several opportunities, such as:

• Higher returns: Off-plan properties in MBR City offer higher returns to investors, as they can buy them at a lower price than the market value and sell them at a higher price when they are completed or near completion. They can also generate rental income from their properties after handover, which can increase their cash flow and yield.
• Diversification: Off-plan properties in MBR City offer diversification to investors, as they can choose from different property types, sizes, locations, and prices. They can also invest in different stages of development, from pre-launch to handover. This helps them to spread their risk and optimize their portfolio.
• Leverage: Off-plan properties in MBR City offer leverage to investors, as they can use mortgage financing from banks and financial institutions to buy them. This allows them to invest with a smaller amount of capital and increase their return on equity.
• Growth potential: Off-plan properties in MBR City have a high growth potential, as they are located in one of the most promising and prestigious areas in Dubai. MBR City is expected to witness significant development and completion of various projects in the coming years, which will enhance its value and demand.
• Tax benefits: Off-plan properties in MBR City offer tax benefits to investors, as they are exempt from value-added tax (VAT) until handover. They are also exempt from capital gains tax (CGT) if they hold them for more than two years. They are also subject to a low property tax rate of 4% on the purchase price.

Why Is Mohammed Bin Rashid City Off-Plan Property Interesting For Off-Plan Buyers?

Mohammed Bin Rashid City off-plan property is interesting for off-plan buyers because it offers them several benefits, such as:

• Affordability: Off-plan properties in MBR City are more affordable than ready properties, as they are sold at a lower price than the market value. Off-plan buyers can also take advantage of flexible payment plans and post-handover payment options offered by developers, which can reduce their financial burden and increase their purchasing power.
• Choice: Off-plan properties in MBR City offer more choice to buyers, as they can select from different property types, sizes, locations, and prices. Off-plan buyers can also customize their properties according to their taste and preferences, which can enhance their satisfaction and comfort.
• Quality: Off-plan properties in MBR City offer high quality to buyers, as they are built according to the latest standards and regulations. Off-plan buyers can also expect to receive warranties and guarantees from developers, which can protect their rights and interests.
• Lifestyle: Off-plan properties in MBR City offer a luxurious and convenient lifestyle to buyers, as they are located in one of the most prestigious and attractive areas in Dubai. Off-plan buyers can enjoy the world-class amenities and facilities of MBR City, such as the Mall of the World, Crystal Lagoon, Universal Studios Park, art galleries, and entrepreneurship hub.
• Future value: Off-plan properties in MBR City offer a high future value to buyers, as they are expected to appreciate in value over time due to the ongoing development and completion of various projects in MBR City. Off-plan buyers can benefit from capital appreciation by selling their properties at a higher price in the future or by living in them and enjoying their equity.

What To Consider When Buying Off-Plan Properties in Dubai Mohammed Bin Rashid City?

Buying off-plan properties in Dubai Mohammed Bin Rashid City requires careful consideration and due diligence from buyers. There are several factors that buyers should consider before buying off-plan properties in MBR City, such as:

1. Developer reputation

The reputation of the developer is one of the most important factors to consider when buying off-plan properties in MBR City. Buyers should check the developer’s track record, experience, financial stability, and customer feedback. Buyers should also verify the developer’s registration with the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). Buyers should avoid dealing with unregistered or unlicensed developers, as they may be fraudulent or unreliable.

2. Project location

The location of the project is another important factor to consider when buying off-plan properties in MBR City. Buyers should choose a project that suits their needs, preferences, and lifestyle. Buyers should consider the proximity of the project to major landmarks and attractions in Dubai, such as Downtown Dubai, Burj Khalifa, Business Bay, Design District, and Al Quoz. Buyers should also consider the accessibility of the project to public transportation, roads, and highways. Buyers should also check the surrounding area of the project for any potential issues or nuisances, such as noise, pollution, traffic, or construction.

3. Payment plans

The payment plans of off-plan properties in MBR City vary depending on the developer and the project. Buyers should compare different payment plans and choose the one that fits their budget and cash flow. Buyers should also read and understand the terms and conditions of the payment plans carefully and ensure that they are clear and transparent. Buyers should also check for any hidden fees or charges that may be applicable to their payment plans.

4. Payment structure options

The payment structure options of off-plan properties in MBR City include cash payments, mortgage financing, post-handover payments, or a combination of these methods. Buyers should evaluate different payment structure options and choose the one that suits their financial situation and goals. Buyers should also consult with their bank or financial advisor before opting for any payment structure option.

5. Due diligence

Due diligence is essential when buying off-plan properties in MBR City. Buyers should conduct thorough research and investigation on the developer, the project, the market, and the legal aspects of buying off-plan properties. Buyers should verify the following information before buying off-plan properties in MBR City:

• The title deed of the land on which the project is built.
• The escrow account details of the project.
• The completion date and progress of the project.
• The floor plan and specifications of the property.
• The service charges and maintenance fees of the property.
• The contract and sale agreement of the property.
• The cancellation and termination policy of the property.
• The dispute resolution and arbitration clause of the property.

Buyers should also seek legal advice from a qualified lawyer before signing any contract or agreement.

6. Property Tax

Property tax is another factor to consider when buying off-plan properties in MBR City. Buyers should be aware of the following taxes and fees that may apply to their off-plan properties:

• Value-added tax (VAT): Off-plan properties are exempt from VAT until handover. After handover, VAT may apply to some services and goods related to the property, such as maintenance, utilities, and furniture.
• Capital gains tax (CGT): Off-plan properties are exempt from CGT if they are held for more than two years. If they are sold within two years, CGT may apply at a rate of 10% on the profit.
• Property registration fee: Off-plan properties are subject to a property registration fee of 4% on the purchase price, which is payable to the DLD. The fee is usually split between the buyer and the seller, unless otherwise agreed.
• Transfer fee: Off-plan properties are subject to a transfer fee of 0.125% on the purchase price, which is payable to the DLD. The fee is usually borne by the buyer, unless otherwise agreed.
• Agent commission: Off-plan properties may involve an agent commission of 2% on the purchase price, which is payable to the real estate agent. The commission is usually borne by the seller, unless otherwise agreed.

Community Overview Of Mohammed Bin Rashid City

Mohammed Bin Rashid City is a vibrant and diverse community that offers a high-quality lifestyle to its residents and visitors. It has several sub-communities that cater to different needs and preferences, such as Sobha Hartland, District One, Mag Eye at Meydan, District 11 and Dubai Hills Estate. MBR City has a range of amenities, facilities, and services that provide convenience, comfort, security, and entertainment. Some of the features of MBR City community are:

What Are The Most Popular Buildings In Mohammed Bin Rashid City?

Some of the most popular buildings in Mohammed Bin Rashid City are:

• Sobha Hartland Greens: A collection of luxury apartments ranging from studios to three-bedroom units, with spacious layouts, modern designs, and premium finishes. The apartments offer views of the canal, the park, or the skyline. The building has amenities such as a swimming pool, a gym, a sauna, a steam room, a children’s play area, and a barbecue area.
• District One Residences: A collection of contemporary apartments ranging from one to three-bedroom units, with elegant interiors, smart home technology, and balconies. The apartments offer views of the Crystal Lagoon, the park, or the skyline. The building has amenities such as a swimming pool, a gym, a spa, a lounge, a concierge service, and a 24-hour security.
• MAG Eye Townhouses: A collection of stylish townhouses ranging from two to four-bedroom units, with spacious living areas, private gardens, and rooftop terraces. The townhouses offer views of the community or the skyline. The building has amenities such as a swimming pool, a gym, a clubhouse, a mosque, a supermarket, and a landscaped garden.
• Dubai Hills Estate Park Heights: A collection of sophisticated apartments ranging from one to three-bedroom units, with sleek designs and high-end fittings

Which Transportation And Parking Spaces Are There In Mohammed Bin Rashid City?

Mohammed Bin Rashid City (MBR City) is well-connected to the rest of Dubai by major roads such as Sheikh Mohammed Bin Zayed Road (E311), Sheikh Zayed Road (E11) and Al Khail Road (E44). You can also use public transportation such as buses, taxis and metro stations to get around the city. Some of the nearby metro stations are Business Bay, Burj Khalifa/Dubai Mall and Noor Bank. MBR City also plans to have access to the Etihad Rail network in the future, which will link it to other emirates and countries in the region.

As for parking spaces, most of the residential and commercial properties in MBR City come with allotted parking spaces for residents and visitors. There are also public parking lots and garages available in the area, especially near the malls and attractions. You can use apps like RTA Dubai or Parkopedia to find and book parking spaces near your destination.

Which Amenities, Schools And Healthcare Are There In Mohammed Bin Rashid City?

MBR City offers a range of amenities and facilities for its residents and visitors, such as parks, lagoons, cycling and running tracks, swimming pools, fitness centres, clubhouses, mosques, nurseries, retail shops and more. The community also features state-of-the-art tourist attractions, such as the Meydan One Mall, which will be the world’s largest mall when completed, the Crystal Lagoon, which is the world’s largest man-made lagoon, and the Meydan Racecourse, which hosts the prestigious Dubai World Cup every year.

For education, MBR City has two international schools within its premises: Hartland International School and North London Collegiate School. Both schools follow the International Baccalaureate (IB) curriculum and cater to students from Pre-KG to Grade 12. There are also other schools nearby, such as Gems Wellington Academy, Swiss International Scientific School and Lycee Francais International Georges Pompidou.

For healthcare, MBR City residents can visit several medical facilities located in nearby areas, such as Emirates Hospital, Aster Hospital, Mediclinic Parkview Hospital and Medcare Hospital. There are also clinics, pharmacies and dental centres within or close to MBR City.

Which Outdoor Activities, Fitness And Beauty Are There In Mohammed Bin Rashid City?

MBR City is an ideal place for outdoor enthusiasts, as it boasts 26 million sq. ft. of open and green spaces for parks and lagoons. You can enjoy a variety of outdoor activities in MBR City, such as kayaking, paddle boarding, sailing, fishing, horse riding, golfing and more. You can also explore the cycling and running tracks that span over 8 km around the Crystal Lagoon or join the District One Cycling and Running Club for group sessions and events.

If you prefer indoor fitness options, you can visit one of the many gyms and fitness centres in MBR City, such as Fitness First Platinum Club at Meydan One Mall or Fit Republik at Dubai Sports City. You can also join classes for yoga, pilates, martial arts, dance and more at various studios in the area.

For beauty and wellness services, you can pamper yourself at one of the many salons and spas in MBR City or nearby areas. Some of the popular ones are Tips & Toes at Sobha Hartland Greens, The Nail Spa at The Dubai Mall or Armani/Spa at Armani Hotel.

Which Leisure Activities And Notable Landmarks Are There In Mohammed Bin Rashid City?

MBR City is home to some of the most impressive leisure attractions and landmarks in Dubai and the world. Some of them are:

• The Meydan One Mall: This will be the world’s largest mall when completed, with over 600 retail outlets, a 1 km long ski slope, a water park, a dancing fountain and more.1
• The Crystal Lagoon: This is the world’s largest man-made lagoon that covers 7 km of water surface and features beach-like shores.2
• The Meydan Racecourse: This is a world-class horse racing venue that hosts the Dubai World Cup every year.3
• The Museum of The Future: This will be a futuristic museum that showcases cutting-edge innovations and technologies.4
• The Dubai Canal: This is a 3.2 km long waterway that connects the Arabian Gulf with the Dubai Creek and offers scenic views and activities along its banks.5

Which Restaurants Are Located In Mohammed Bin Rashid City?

MBR City has a variety of restaurants to suit different tastes and budgets. You can find cuisines from around the world, such as Italian, Indian, Lebanese, Japanese, American and more. Some of the popular restaurants in MBR City are:

• Armani/Ristorante: This is a fine dining restaurant that serves authentic Italian cuisine in a stylish setting at Armani Hotel.6
• Armani/Amal: This is another restaurant at Armani Hotel that offers Indian dishes with a contemporary twist and panoramic views of the city.7
• Nezesaussi Grill: This is a casual sports bar and grill that serves Australian, New Zealand and South African food and drinks at Manzil Downtown.8
• Boulevard Kitchen: This is a Mediterranean restaurant that offers buffet and a la carte options for breakfast, lunch and dinner at Manzil Downtown.9
• Reef & Beef: This is a steakhouse and seafood restaurant that offers fine dining and a beautiful view of the Crystal Lagoon at District One.10

Which Supermarkets Are Located In Mohammed Bin Rashid City?

There are several supermarkets and minimarkets located in or near MBR City, where you can buy groceries and other essentials. Some of them are:

• Carrefour Market: This is a large supermarket that offers a wide range of products, including fresh produce, bakery, meat, dairy, frozen food, household items and more. It is located at Binghatti Terraces on Sheikh Zayed Bin Hamdan Al Nahyan Street.11
• Lulu Express: This is a smaller version of Lulu Hypermarket that offers quality products at affordable prices. It is located in Al Quoz on Al Khail Road.12
• Spinneys: This is a premium supermarket that offers high-quality products, including organic and gluten-free options. It is located in Meydan City on Al Meydan Road.13
• Taj Al Madina Supermarket: This is a local supermarket that offers fresh fruits, vegetables, meat, fish, dairy and more. It is located in Sobha Hartland on Al Khail Road.14

Which Beaches Are Located Near Mohammed Bin Rashid City?

MBR City is located close to the coastline of Dubai, which means you can easily access some of the best beaches in the city. Some of the beaches near MBR City are:

• Kite Beach: This is a popular beach for kite surfing, water sports and other activities. It also has a jogging track, a skate park, a play area and many cafes and food trucks.15
• Jumeirah Beach: This is a public beach that offers stunning views of the Burj Al Arab and the Arabian Gulf. It also has showers, changing rooms, sunbeds, umbrellas and water sports facilities.16
• Sunset Beach: This is another public beach that offers a great spot to watch the sunset and the Burj Al Arab. It also has showers, changing rooms, sunbeds, umbrellas and water sports facilities.17

Which Malls Are Located Near Mohammed Bin Rashid City?

MBR City is surrounded by some of the most famous malls in Dubai, where you can shop, dine, entertain and have fun. Some of the malls near MBR City are:

• The Dubai Mall: This is the world’s largest mall by total area, with over 1,200 retail outlets, 200 food and beverage outlets, an aquarium, an ice rink, a cinema, a theme park and more.18
• Mall of the Emirates: This is another mega mall that features over 600 retail outlets, 100 food and beverage outlets, an indoor ski resort, a cinema, a theatre and more.
• City Walk: This is an outdoor shopping and entertainment destination that features over 300 retail outlets, 60 food and beverage outlets, a cinema, a gaming zone, a green park and more.

Which Churches, Temples And Mosques Are Located Near Mohammed Bin Rashid City?

MBR City is a multicultural community that respects all faiths and beliefs.

Some of the places of worship near Mohammed Bin Rashid City are:

• Mosques: There are several mosques within or near MBR City, such as Sobha Hartland Mosque, District One Mosque, Meydan Mosque, and Al Quoz Mosque. These mosques offer prayer facilities, Quran classes, and community events for Muslims.
• Churches: There are a few churches near MBR City, such as Emirates Baptist Church, Coptic Orthodox Church, and Maranatha Full Gospel Church. These churches are located in Al Barsha and Oud Metha and can be reached in 15 to 20 minutes by car. They offer worship services, Bible studies, and fellowship activities for Christians.
• Temples: There are no temples within MBR City, but there are some Hindu and Sikh temples in the nearby areas of Bur Dubai and Al Fahidi. These temples include Shiva Temple, Shree Krishna Haveli, Sindhi Gurdarbar Sahib, and Guru Nanak Darbar. These temples are located around 20 to 25 minutes by car from MBR City. They offer prayer facilities, religious ceremonies, and cultural events for Hindus and Sikhs.

How Is The Rental Market In Mohammed Bin Rashid City?

Rental Trends Of Mohammed Bin Rashid City

The rental market in Mohammed Bin Rashid City (MBR City) is one of the most active and attractive markets in Dubai. MBR City offers a range of properties for rent, from apartments and villas to townhouses and duplexes. MBR City is a mega-development project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. MBR City is located close to the Dubai Water Canal, Downtown Dubai, Business Bay, and Al Quoz, making it a convenient and desirable location for residents and visitors.

The rental trends of MBR City vary depending on the property type, size, location, and condition. According to Property Finder, the average rental price for apartments in MBR City was AED 85,000 per year in 2021. The average rental price for villas in MBR City was AED 300,000 per year in 2021. The table below shows some examples of rental prices for different property types and sizes in MBR City in 2021.

Property Type	Size (sqft)	Rental Price (AED/year)
Apartments	Studio	40,000 – 60,000
Apartments	1 Bedroom	60,000 – 100,000
Apartments	2 Bedrooms	90,000 – 150,000
Apartments	3 Bedrooms	120,000 – 200,000
Villas	4 Bedrooms	250,000 – 350,000
Villas	5 Bedrooms	300,000 – 450,000
Villas	6 Bedrooms	350,000 – 500,000

The rental market in MBR City is expected to grow and flourish in the coming years, as more projects are completed and handed over. Some of the upcoming projects in MBR City include Meydan One Mall, Museum of The Future, District One West Homes, and Sanctuary Villas. These projects will add more value and appeal to the community and attract more tenants and investors.

How Is The House Sale Market In Mohammed Bin Rashid City?

House Sale Trends Of Mohammed Bin Rashid City

The house sale market in Mohammed Bin Rashid City (MBR City) is one of the most dynamic and lucrative markets in Dubai. MBR City offers a range of properties for sale, from apartments and villas to townhouses and duplexes. MBR City is a mega-development project that aims to create a new city within a city, with world-class amenities, facilities, and attractions. MBR City is located close to the Dubai Water Canal, Downtown Dubai, Business Bay, and Al Quoz, making it a strategic and attractive location for buyers and investors.

The house sale trends of MBR City vary depending on the property type, size, location, and condition. According to Bayut, the average sale price for apartments in MBR City was AED 1.5 million in 2021. The average sale price for villas in MBR City was AED 11 million in 2021. The table below shows some examples of sale prices for different property types and sizes in MBR City in 2021.

Property Type	Size (sqft)	Sale Price (AED)
Apartments	Studio	550,000 – 750,000
Apartments	1 Bedroom	800,000 – 1.2 million
Apartments	2 Bedrooms	1.2 million – 2 million
Apartments	3 Bedrooms	2 million – 3 million
Villas	4 Bedrooms	4.5 million – 7 million
Villas	5 Bedrooms	6.5 million – 10 million
Villas	6 Bedrooms	8.5 million – 15 million

The house sale market in MBR City is expected to increase and diversify in the coming years, as more projects are launched and delivered. Some of the latest off-plan property launches in MBR City include Sanctuary Villas by Sobha Group, Senses at The Fields by MAG Property Development, District One West Homes by Nakheel, and The Highbury Apartments by Ellington Properties. These projects will offer more options and opportunities for buyers and investors who want to own a property in one of the most prestigious and promising areas in Dubai.

Frequently asked questions about Mohammed Bin Rashid City

Mohammed Bin Rashid City is a community that offers a unique opportunity to experience the natural and urban aspects of Dubai. Here are some of the frequently asked questions about MBR City and their answers.