Learn more about the Mohammed Bin Rashid City (MBR) apartment market through trends and average prices.
How affordable is it to live in Mohammed Bin Rashid City (MBR)?
The median sales price is approximately AED1,290,000 in Mohammed Bin Rashid City (MBR)
The median price per square feet in Mohammed Bin Rashid City (MBR) is AED2,010
The Mohammed Bin Rashid City (MBR) area currently has 711 properties for sale
What is the average price of a Apartment in Mohammed Bin Rashid City (MBR)?
What You Need to Know About Mohammed Bin Rashid City (MBR)
Mohammed Bin Rashid City is a massive new development planned for the largely undeveloped land to the south of Business Bay, bounded on the northwest by Al Khail Road, on the southwest by Umm Suqeim Road, on the southeast by Sheikh Mohammed Bin Zayed Road, and on the northeast by DubaiAl Ain Road. This opulent neighborhood, encompassing more than 54 million square feet of valuable land, is Dubai's largest and most significant mixed-use development. It is envisioned as a new fully integrated city within Dubai that would provide the pinnacle of luxurious urban living, with four major components: arts, retail, residential, and entrepreneurship. According to the governor of the emirate, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, who announced it in the second half of 2012, the estimated cost of MBR city is around AED 30 billion. The project comprises cutting-edge tourist attractions, a leisure center, the world's largest retail mall, a large-scale park, the world's largest man-made lagoon, and 45 million square feet of space. This is a mega-development project that is 20% larger than the Manhattan. It is a joint venture between the Meydan Group and the Sobha Group. Polo Residence, Azizi Riviera, and Wilton Terraces 1 are just a few of the magnificent properties that Meydan Property Group will make accessible.
His Highness Sheikh Mohammed Bin Rashid personally opened this project in May 2015, named after the Ruler of Dubai, whose palace is located inside the construction zone. With a diverse range of housing, entertainment, retail, and dining options, this region has swiftly increased in popularity, and it never fails to delight tourists with its stylish, vibrant, and cosmopolitan lifestyle. MBR City will be home to some of Dubai's most luxurious residences, including huge mansions and magnificent palaces situated among sweeping lush greenery, breathtaking panoramas, and fascinating water features. The beautiful houses will feature a one-of-a-kind architectural style steeped in cultural aspects, with a splash of modern aesthetics tossed in for positive measure.
Popular Areas in Mohammed Bin Rashid City (MBR)
This community is conveniently located between Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, and Al Khail Road, all of which are completely interconnected. Mohammed Bin Rashid City offers a bustling community in an ultra-modern setting, with many cafés, entertainment centers, retail shops, and many more futuristic developments on the way. The neighborhood was supposed to be finished by 2020. While handovers have begun and much of the region is now complete, several other projects have been added throughout time. The area now rents and sells high-rise and mid-rise flats, as well as luxury villas and townhouses.
This location will also be directly connected to Downtown Dubai and Business Bay by the Cultural Crossing tunnel, which will house a number of great art galleries. Hartland International School and North London Collegiate School are two international educational institutes in the region. MBR City, which is ideally located along Al Khail Road, is within walking distance of the world-famous Burj Khalifa, the celebrated Dubai Opera, and the fascinating Dubai Fountains. Because of the adjacent Meydan Hotel, the MBR City will be a fascinating area for nature aficionados, including both an equestrian and falcon center. District One is a prominent residential neighborhood within MBR City that will have an elite collection of lovely villas and mansions constructed in three architectural styles: contemporary, arabesque, and mediterranean. A world-class golf course, a stunning 7-kilometer pristine lagoon, and acres of green open space are also nearby. One of MBR City's newest and most interesting leisure activities is this amazing park, which was built in collaboration with Universal Studios International. It will be 30% larger than London's Hyde Park and will be able to accommodate millions of visitors from all over the world.
Types of Apartment in Mohammed Bin Rashid City (MBR)
In this community, there are numerous sorts of property for sale. The majority of the residential units in the community are built to green building standards in order to save energy, create a natural environment, and maintain efficient environmental processes, while still providing elegant homes and a premium lifestyle. Mohammed Bin Rashid City is one of Dubai's most anticipated ventures. It is expected that when the neighborhood develops, it will become another Downtown Dubai. The project's first two stages were completed in 2019 and handovers have already begun, but the third phase is nearly complete. Some of the most anxiously awaited sectors of Dubai Hills Estate and District One are now open for business. There are several studios, one-bedroom, two-bedroom, and three-bedroom apartments available in Sobha Hartland. In District One, there are also some bigger 4-bedroom flats ranging in size from 3,000 to 5,000 square feet. Penthouses in this area are also appropriate for individuals looking to invest in high-end properties. Some of the homes offer views of the lagoon, while others are duplexes with partial canal views. These residential units, on the other hand, could offer more options or larger floor layouts.
Those looking to invest in exquisite apartments will find the prices to be extremely reasonable, especially when compared to the amenities offered. You may choose from studios to four-bedroom apartments. The scale of the community's future developments show that buying a villa for sale in this region is a decent investment. District One is the most popular choice for apartments and villas in MBR City. The neighborhood provides a luxurious lifestyle by combining Arab and European influenced elements in a modernistic environment. One of the most essential projects in this neighborhood is The Residences at District One. This place offers the 1-bedroom units for sale with a very attractive pricing. The prices are varying between AED 1.1 to 1.4 million, depending on the size of floor plans.
Lifestyle Factors in Mohammed Bin Rashid City (MBR)
This modern neighborhood is known for its central location, and many important amenities are within walking distance, if not within the community's boundaries. The Emirates HospitalDubai and the American Hospital Dubai are both 15 minutes away from MBR City. With over 600 stores and eateries, including many of the world's most famous brands, Meydan One is one of Dubai's most popular shopping malls. This proposed mall in the UAE's capital city will have the world's largest dancing fountain as well as indoor recreation facilities, including water sports. Meydan One Mall, one of the world's largest shopping malls, will be another major addition to MBR City's rapidly expanding infrastructure. The residential area is a bustling new address that provides a serene yet sophisticated lifestyle. Residents will have access to long stretches of lush open space that will create a peaceful, fresh, and comfortable living environment. The tranquil suburban setting is a haven for nature and outdoor enthusiasts, as well as a great place to raise a family, with endless views of intriguing landscape. This modern community is ideally suitable for families who wish to stay in the exclusive address with remarkable connectivity.
Top Reasons to Invest in Mohammed Bin Rashid City (MBR)
Sheikh Mohammed Bin Rashid Al Maktoum City is a major mixed-use development in the United Arab Emirates, with world-class entertainment and luxury residences. MBR City is already being referred to as the future downtown of the emirate. The initiative is anticipated with bated breath since some of the advances have the potential to break new ground. The total size of this huge mixed-use complex is more than 50 million square feet. When completed, MBR City will include luxury residences, cutting-edge recreational and entertainment facilities, and a selection of hotels. One of MBR City's most distinguishing features is that it will be home to the world's largest lagoon, complete with a man-made beach for residents to relax on. MBR City is surrounded by a number of well-known Dubai landmarks. The world's tallest skyscraper, the Burj Khalifa, and the Dubai Mall are all 15 minutes away from the city. The wetland preserve Ras Al Khor Wildlife Sanctuary, located at the end of Dubai Creek, is 15 to 20 minutes away. Because MBR City is bordered by Downtown Dubai, a large number of hotels are within an incredibly short distance away.