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The median sales price for a apartment in Mohammed Bin Rashid City (MBR) is approximately AED1,700,000
The median price per square feet in Mohammed Bin Rashid City (MBR) is AED1,990
The Mohammed Bin Rashid City (MBR) area currently has 954 apartments for sale
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 Dubai Al 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.
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