What You Need to Know About Mohammed Bin Rashid City (MBR)
Mohammed Bin Rashid City is the largest and most significant mixed-use development in Dubai's history, spanning more than 54 million square feet of valuable land. It is planned to become a new completely integrated city inside Dubai that will offer the ultimate in opulent urban life, consisting of four key components: arts, retail, residential, and entrepreneurship. MBR City will be home to some of Dubai's most opulent luxury properties, featuring sprawling villas and opulent palaces set amid sweeping lush greenery, stunning vistas, and enthralling water features. The magnificent residences will have a one-of-a-kind and exquisite architectural style rooted in cultural elements, with a dash of modern aesthetics thrown in for good measure.
The projected cost of MBR city is approximately AED 30 billion, according to the ruler of the emirate, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, who announced it in the second half of 2012. The project includes cutting-edge tourist attractions, a hub of leisure activities, the world's largest retail mall, a large-scale park, the world's largest man-made lagoon, and 45 million square feet of the freehold property. This is a 10,800-hectare development project, 20 percent larger than Manhattan, named for the Ruler of Dubai, whose palace is located inside the development region. In May 2015, His Highness Sheikh Mohammed Bin Rashid personally launched this project. This area has quickly grown in popularity, with a varied selection of housing, entertainment, shopping, and dining options, and it never fails to satisfy visitors with its trendy, lively, and cosmopolitan lifestyle. It is a collaboration between Meydan Group and Sobha Group. Polo Residence, Azizi Riviera, and Wilton Terraces 1 are just a few of the exquisite developments that will be available by Meydan Property Group.
Mohammed Bin Rashid City (MBR) Real Estate Trends
Learn more about the Mohammed Bin Rashid City (MBR) property market through trends and average prices.
How affordable is it to live in Mohammed Bin Rashid City (MBR)?
The median sales price is approximately AED2,860,000 in Mohammed Bin Rashid City (MBR) The median price per square feet in Mohammed Bin Rashid City (MBR) is AED1,870 The Mohammed Bin Rashid City (MBR) area currently has 1,414 properties for sale
Popular Areas in Mohammed Bin Rashid City (MBR)
Mohammed Bin Rashid City (MBR) was planned to be completed in full by 2020. While handovers have begun and much of the region is now complete, numerous additional projects have been added throughout time. Today, the neighborhood rents and sells high-rise and mid-rise apartments, as well as luxury villas and townhouses. The neighborhood is situated between Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, and Al Khail Road which are totally well-connected. The area features two international educational institutions; Hartland International School and North London Collegiate School. The famous Burj Khalifa, the acclaimed Dubai Opera, and the intriguing Dubai Fountains are all within walking distance of MBR City, which is conveniently positioned along Al Khail Road. It will also be immediately connected to Downtown Dubai and Business Bay by a tunnel known as Cultural Crossing, which will feature a number of outstanding art galleries.
The MBR City will be an intriguing neighborhood for animal enthusiasts, having both an equestrian and falcon center in the region, due to the existence of the Meydan Hotel nearby. Mohammed Bin Rashid City provides a community with a busy environment in an ultra-modern setting, with numerous cafes, entertainment centers, retail shops, and many more futuristic developments coming up. District One is a premier residential community within MBR City that will feature an exclusive collection of charming villas and mansions designed in three architectural styles – Contemporary, Arabesque, and Mediterranean – as well as a world-class golf course, a spectacular 7-kilometer crystal lagoon, and acres of lush open spaces. This incredible park, created in partnership with Universal Studios International, is one of MBR City's newest and most exciting leisure activities. It will be 30 percent larger than London's Hyde Park and will be able to accommodate millions of tourists from all over the world.
Types of Property in Mohammed Bin Rashid City (MBR)
One of the most anticipated developments in Dubai is Mohammed Bin Rashid City. As the neighborhood grows, it is projected to become another Downtown Dubai. The first two phases of the project were finished in 2019 and handovers have already begun, but the third step is nearing completion. Some areas of Dubai Hills Estate and District One, which have been eagerly anticipated, are now ready for occupancy. There are several types proper for sale in this community. Most of the residential units in the community are designed with green construction standards in order to preserve energy, create a natural environment, and maintain efficient environmental processes, and they provide luxurious dwellings and a premium lifestyle. Sobha Hartland has a lot of studios, one-bedroom, two-bedroom, and three-bedroom apartments. There are also some larger 4-bedroom units in District One, ranging in size from 3,000 to 5,000 square feet. Penthouses in this neighborhood are also suitable for those wanting to invest in luxury residences. Some have lagoon views, while others are duplexes with partial canal views. There are several brand new and completely equipped villas in MBR City with 5 to 6 bedrooms. These residential apartments for investment, on the other hand, may have additional alternatives or larger floor plans.
Those wanting to invest in elegant apartments will find the pricing to be very affordable, especially when considering the facilities available. There are studios to four-bedroom apartments to select from. The magnitude of the community's future developments demonstrate that purchasing a villa for sale in this area is quite a sensible decision. In MBR City, the most popular choice for apartments and villas is District One. Offering Arab and European inspired designs in a modernistic setting, the community delivers a lifestyle with utmost extravagance.
What is the average price of a Property in Mohammed Bin Rashid City (MBR)?
Lifestyle Factors in Mohammed Bin Rashid City (MBR)
MBR City is a buzzing new address that offers a tranquil yet elegant living. Residents will have access to lengths of designated lush open areas, which will provide a quiet, fresh, and comfortable living environment. The quiet suburban environment is a refuge for nature and outdoor enthusiasts and excellent for family-friendly lifestyle, with unending panoramas of captivating views. MBR City is recognized for its central position, and many essential amenities can be found close, if not within the community's limits. MBR City is a 15-minute drive from renowned facilities such as Emirates HospitalDubai and American Hospital Dubai. Meydan One Mall, one of the world's largest shopping malls, will be another massive addition to MBR City's growing infrastructure. Meydan One is one of Dubai's most popular shopping malls, with over 600 stores and restaurants, including many of the world's most prestigious brands. The world's largest dancing fountain and indoor sports facilities including water sports will also be available at this planned mall in the capital city of the UAE.
Top Reasons to Invest in Mohammed Bin Rashid City (MBR)
This massive mixed-use development area spans more than 50 million square feet. MBR City will contain luxury apartments, state-of-the-art recreational and entertainment facilities, and a variety of hotels once it is built. One of MBR City's most notable characteristics is that it will be home to the world's largest lagoon, which will have a man-made beach for inhabitants to relax on. A number of prominent Dubai landmarks surround MBR City. The Burj Khalifa, the world's tallest structure, and the Dubai Mall are all 15 minutes distant from the city. The wetland preserve Ras Al Khor Wildlife Sanctuary is 15 to 20 minutes distant, located at the end of Dubai Creek. Because MBR City shares boundaries with Downtown Dubai, a lot of hotels are within a significantly close distance. Sheikh Mohammed Bin Rashid Al Maktoum City is one of the UAE's most important mixed-use complexes, including world-class entertainment and luxury homes. MBR City is already being considered as the emirate's future "downtown." The project is eagerly awaited since some of the advancements have the potential to set new records.