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NEIGHBORHOODS WITH A HIGH RETURN ON INVESTMENT IN DUBAI

Dubai is fast becoming an international tourism and trading center. Because of this and the fact that it is ranked quite high on the list of safest cities in the world, it is very popular with real estate investors. The average return on investment (ROI) on property in Dubai is in the high range of 5% and 8.4%, but certain areas in this cosmopolitan city have been consistently offering even higher returns to investors. The Dubai real estate market is presently in a robust shape, and there’s been a measureable uptick in real estate market activity in 2022 after a couple of tough years. With a noticeable buzz surrounding the Dubai real estate market yet again and favorable taxation policies, many investors have but one question on top of their mind: “Which are the most lucrative areas in Dubai to invest in?” With Dubai offering investors many options, and new locations popping up at regular intervals, identifying the best locations for investing in property can be a tad challenging. However, don’t worry because we have got you covered. In this article, we will introduce three of the most lucrative locations for real estate investing in Dubai. JUMEIRAH VILLAGE CIRCLE (JVC) Jumeirah Village Circle — commonly called JVC and situated alongside Al Khail Road — is an affordable, family-friendly, residential area in Dubai. It offers its residents a peaceful community while still being very close to some of the most popular hotspots in the city. JVC has more than 2,000 residential units, which include apartments, townhouses, and villas, as well as commercial buildings. Since its inception in 2005, JVC has emerged as one of the top areas for real estate investment in Dubai. Here are some of the main reasons to invest in this area. Family-friendly Community Thanks to its unique architecture and abundant facilities, JVC is a great community to live for families.  The area boasts of no fewer than 33 landscape marks and several recreational centers, play-areas, fitness centers, cycling tracks, and playing fields. On top of all this, JVC is close to several medical clinics, schools and kindergartens. Accessible Location JVC’s location is another reason for its huge popularity. Residents can quickly access it from various parts of the city via different roads, and some of the major destinations, such as Dubai airports, Business Bay, Palm Jumeirah, and Dubai Marina, are just a short drive away. Top-class Shopping Destinations With over 200 retail shops, supermarkets and 2 department stores, the Circle Mall is a one-stop shopping destination for the residents of JVC. It also features an awesome food court and a multi-screen cinema. DOWNTOWN DUBAI Downtown Dubai largely offers innovatively designed and spacious apartments to real estate buyers. Three main reasons why you can expect a handsome ROI from this region are as follows: It’s a cultural hotspot Besides the world-famous Burj Khalifa, Dubai Mall and Dubai Opera, Downtown Dubai has a very vibrant nightlife and is peppered with many awesome dining venues, bars, and nightclubs. It’s close proximity to Jumeirah Beach Another reason for Downtown Dubai’s immense popularity is its close proximity to Jumeirah Beach. Many great schools and hospitals are located within or nearby The Downtown area is very close to several good schools and nurseries, as well as two of the top hospitals in Dubai, Mediclinic Parkview Hospital and Emirates Hospital. MOHAMMAD BIN RASHID CITY (MBR CITY) Mohammad Bin Rashid City, commonly referred as MBR City, is a great place to invest in properties for several reasons. These include: Location MBR City is connected to the entire Dubai through roads, which is a huge convenience for residents. Moreover, MBR is situated quite close to Downtown Dubai making it the perfect choice for those who work in the central district. Shopping and Entertainment The Meydan One Mall is perhaps the most anticipated shopping mall in the UAE right now.  Home to Dubai’s largest indoor ski slope and more than 600 retail shops, including a hypermarket and 2 major department stores, it is a one-stop shopping destination scheduled to open towards the end of 2022. Since it is located within MBR City, residents will enjoy quick access to one of the most thrilling shopping destinations in Dubai. Appreciation Potential With unique residential properties and world-class shopping and entertainment options, MBR City is often touted as a city within a city. Given its immense popularity, as an investor you are likely to generate a handsome return on your investment. 

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Dubai’s Best Area To Invest In Property

Dubai is a favorite destination among people looking to buy an investment property — and for good reasons. Its real estate market has been in robust shape over the years and estimates suggest that things will be even better in the coming years, especially with the pandemic phasing out. Real estate investors are spoilt for choice when it comes to picking a location, as Dubai boasts several hotspots. However, two areas particularly stand out. These are MBR City and Downtown Dubai. If you are looking to buy an investment property in Dubai, you may well want to start with either of these locations. Whether you are a beginner searching for your first investment or a real estate expert, both offer great returns in terms of lifestyle offerings, capital gains, and ROI. WHAT MAKES MBR CITY SPECIAL?Four reasons make MBR City a favorite among real estate investors. These are: LOCATIONMBR City is well-connected to the rest of Dubai, and the residents of this new master-community enjoy easy access to all important streets and highways. Plus, Dubai International Airport is just a 10-15 minutes drive away. As a result, it provides great connectivity to foreign travelers, visitors, and residents. PROPERTIESIn this new master-community, you will find a mix of residential communities and commercial establishments from many developers like Ellington Properties. In MBR City you will find a broad selection of luxurious villas and apartments, as well as mid-range apartments and townhouses within lush green, sustainable communities. LIFESTYLEThis part of the city is all set to become a popular destination among tourists and families with a range of services, amenities, and facilities catering to different cultural backgrounds. RETAIL AND SHOPPINGThe Meydan One Mall is home to Dubai’s biggest indoor ski slope and 620 retail shops, including a hypermarket and two major department stores. The residents of MBR City will enjoy easy access to one of the most exciting retail destinations in Dubai. LEISURE AND ENTERTAINMENTThere’s no shortage of entertainment options in MBR City. Among the most popular ones are Crystal Lagoons, the biggest man-made lagoon in the world, Meydan Golf Course, a 9-hole golf course spanning more than 7,000 yards of natural lakes and tee options, and Meydan Grandstand and Racecourse, one of the most popular race courses in Dubai. WHAT MAKES DOWNTOWN DUBAI SPECIAL?In Downtown Dubai, you will find thoughtfully designed spacious apartments. Some of the main reasons that make this part of the city popular among renters and buyers alike are as follows:   SOME OF DUBAI’S BEST SCHOOLS ARE IN DOWNTOWN DUBAIThere are several famous schools as well as nurseries in and around Downtown Dubai. These include Jumeirah International Nursery and Blossom Downtown Nursery. In addition to top schools and nurseries, the Downtown Dubai area is a few minutes drive from two of the best hospitals in Dubai, Emirates Hospital and Mediclinic Parkview Hospital. IT IS A CULTURAL AND NIGHTLIFE HOTSPOT IN DUBAINot only Downtown Dubai is home to the famous Dubai Mall, Dubai Opera and Burj Khalifa, but it also boasts some of the very best nightlife and dining venues that the city has to offer. Plus, there are many nightclubs and bars in this part of the city. IT IS CLOSE TO JUMEIRAH BEACHLiving in Downtown Dubai means you will never be far from the beach. If you are an avid beach-lover, that’s really good news. Jumeirah Beach is just a few minutes drive away from Downtown Dubai. OTHER OPTIONSApart from MBR City and Downtown Dubai, some of the other locations that you may want to add to your list include the following:

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Harrington House

Five reasons to invest in a new property in Dubai

Growing at a faster rate than most other cosmopolitan cities, Dubai is replete with skyscrapers, idyllic spots, picturesque water views, and more. From the world’s largest artificial islands built in the shape of a date palm tree to the world’s tallest tower, Dubai has a lot that impresses anyone landing here for the first time. Looking to purchase property in Dubai? The real estate market here is as diverse as you can imagine and includes not only a standard commercial and residential inventory but also high-rise buildings, detached houses, and ultra-modern complexes. Plus, Dubai is ideally located between Asia, Africa and Europe, which is a big reason why experienced real estate investors from all over the world flock here. Here are top 5 reasons why investing in a new property in Dubai right now is a smart decision. Trustworthy, regulated real estate market The latest Global Real Estate Transparency Index from JLL ranks Dubai (along with Abu Dhabi) as the most transparent market in the entire MENA region. This index is regarded as key indicator of the health of the real estate market of any city. The government understands the importance of having transparent real estate policies, which is essential for attracting a lot of foreign investments. A case can be made for the new Open Data Law. It paves the way for the sharing of non-confidential data between non-government and government entities without any obstacles. What’s more, the Real Estate Regulatory Agency is also doing its bit to streamline processes. For instance, it has introduced several measures in the past few years to make Dubai’s real estate more regulated. Today, its real estate market is as well regulated as any other top international destination, like Singapore or Paris. Stable economy Dubai is no longer just an oil-dependent economy. Instead, the UAE has diversified its economy immensely in the last several years by developing other sectors like manufacturing and tourism. Dubai features many tourist attractions, like Palm Jumeirah and Burj Khalifa, and the ongoing 2020 Expo is expected to deliver a further boost to its travel and tourism industry.    Attractive Rental Yields Dubai, unlike many other cosmopolitan cities, offers a high ROI, which stands for return on investment. A key component of real estate returns is rental income. In contrast to capital appreciation, rental income matures immediately. Capital appreciation, on the other hand, is attainable only when you sell a property or release considerably home equity through a home loan. Dubai apartments achieved a 7% rental yield last year on average, despite the global slowdown due to the Covid-19 pandemic. Villas in Dubai, in contrast, registered a 5% ROI. In simple language, it means that if you buy a 2-bedroom unit for AED 1,000,000 and rent it, you will be able to recover the entire property value in 14 years only, even if the rental rate doesn’t grow further. Safety & High Living Standards Another reason to buy a new property in Dubai is its high standard of living. Dubai not only offers a modern lifestyle, but it also has a very low crime rate. As a matter of fact, the crime rate in the UAE is very close to zero, and consequently, it is considered as one of the safest countries in the globe. Different Types of Residential Units Dubai real estate has an impressive and diversified portfolio of residential properties. From ultra-modern apartments and studios in JVC or Downtown or beautiful townhouses and villas in Jumeirah, MBR City and Dubailand, Dubai has it all. No wonder then it is frequently referred to as the real estate capital of the Middle East. Where to buy a residential property in Dubai? Dubai is a prime real estate market offering all types of properties, including affordable and luxury assets. From an investment perspective, there are hundreds of suitable properties in Dubai. These include studios, apartments, villas, and townhouses.  If you are interested to invest in a high-yield apartment or a luxury townhouse in Dubai, then take some time out to check out all the available options on our website at www.ellingtonproperties.ae. Alternatively, you can also contact us anytime and we will be glad to assist you.

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Dubai Expo 2020

The expected impact of Dubai Expo 2020 on the UAE economy

The global center stage belongs to Dubai and the UAE for the next few months, throughout the duration of Expo 2020 Dubai, termed as one of the biggest global events ever by many. This universal extravaganza of technology, business, connectivity, and showbiz already got underway in a spectacular style and is expected to bring millions of visitors from all over the world over the next few months. The Expo 2020 Dubai will further cement the UAE’s place as a key global player in a number of fields, showcasing its strengths to the world and attracting not just tourists but business investments as well. It is no exaggeration to say that the Dubai Expo will have a telling effect on real estate, tourism, investment, construction, and many other sectors of the UAE economy. Surprised? Don’t be. Here are some statistics (from Arab News) that prove just that.   Expo 2020 Dubai will boost the UAE’s economic activity by a whopping USD 33.4 billion It will support no fewer than 905,200 full-time equivalent job-years The economic activity during Expo 2020 Dubai (October 2021 to March 2022) is expected to equal 1.5% of UAE’s total GDP Restaurants and Hotels spending will increase by USD 3.1 billion Spending in the SME sector will go up by USD 1.3 billion Event organization and business services are expected to see a growth of USD 18.8 billion The construction sector is likely to see an impressive growth of USD 7.35 billion The message from economic pundits is loud and clear. In particular, the tourism and construction industry will receive a shot in the arm, thanks to Dubai Expo. The authorities believe, and not without reason, that Expo will boost Dubai’s attractiveness as a prime destination for not only tourists but also expatriate workers. Besides targeting 25 million visits to this global event itself, experts believe Dubai will see around 23 million tourist arrivals by 2025. To put things into perspective, Dubai recorded 16.7 million visits in 2019, so we are talking of an increase of roughly 33% in six years. This massive, expected inflow of tourists has incited the DTCM (which stands for the Department of Tourism and Commerce Marketing) to prepare a large number of events and attractions that will surely wow visitors and keep their families entertained. Now, let’s see what the Expo’s impact will be on a couple of important sectors. Real Estate: Since the announcement of Expo 2020, government-led projects have increased significantly in Dubai. Smart cities, improved infrastructure, and the District Expo 2020 will all transform the real estate sector for the better. On another hand, property sales and rental prices have already increased in the second half of 2021 and this was mainly due to an rise in demand by residents, investors and short-term visitors. After this event, real estate prices are expected to stabilize. For this purpose, authorities have come up with a detailed plan. So, even after the hundreds of thousands of tourists have left, the real estate market is likely to continue to grow and be able to avoid market fluctuations. Investment: Did you know that Dubai has invested 8 billion USD in the 2020 Expo? While this is not a meager sum by any stretch of imagination, when compared to the potential revenues from the event, it does look small. Experts have forecasted that direct revenues from Expo 2020 will easily reach 16 billion USD. Also, by the end of 2031, Dubai Expo 2020 is expected to contribute a whopping 33 billion USD to the UAE’s economy. Other industries expected to move to the next level thanks to Dubai Expo 2020 include conferences and exhibitions, transportation, communications, storage and of course hospitality. After Expo 2020 — What to Expect? The District 2020 (which is also referred as the Expo site) is all set to become an important hot spot for economic growth. Because this region has affordable housing, it will go on to become the nerve center for tourism and exhibitions. The Dubai Expo 2020 will make the city one of the most attractive places to visit and live, boosting the country’s overall attractiveness. So, while the event itself is for just six months, it will continue to have a positive effect on the UAE’s economy for many years to come.

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Dubai apartments

5 Tips to Help You Rent Out Your Apartment in Dubai

Renting an apartment is a great way to secure a monthly income in the UAE, but you will definitely have to put in conscientious efforts to make your property more appealing and optimize your rental yield. Here are five tips to help you rent out your apartment in Dubai. 1. Hire a reliable broker It is important that you partner with a broker you can trust and with whom you can build a win-win professional relationship. Often, property owners in Dubai spend less time picking a real estate agent than picking a restaurant, and that’s where things start to go wrong. It’s paramount that you invest time and effort to find the right broker then have an honest and open conversation with him or her so that they can fully understand your needs and expectations. So, how can find such a broker? A good first step is by getting recommendations from people whose opinions you trust and then following up with interviews of your own. 2. Perform real estate due diligence You may already have a rental figure in your mind, but the question is – is that price realistic and achievable in the Dubai market? Sift through various property portals to find out the average rental price for properties similar to yours in your area. Of course, your broker is going to share their inputs and that’s great, but you should also do some homework of your own. 3. Offer flexibility and add-ons Convenience is one word that resonates well with all potential renters. If you are flexible in the rental contract, you are likely to have a signed contract sooner. Here are four things you may want to consider to make your rental offer more attractive in Dubai: Multiple rent payment cheques: Not all forms of rent payment are equal. If you want to rent out your apartment in Dubai as quickly as possible, you should offer payment options that are easy and convenient for potential renters. One way to do that is by offering multiple payment instalments. It’s no secret that not many renters are interested in signing a one cheque rental contract unless it comes with a hefty discount. One month free rent: Apart from the word ‘convenience,’ another word that can pique renters’ interest in a property is the word ‘free.’ If your Dubai property has been sitting vacant for a few months, why not sweeten the deal for potential renters by including the one-month free offer in your contract? Short-term contracts: While one-year contracts are the norm, the rules of the game are not as rigid as before. Why? Glad you asked. A large number of expats new to Dubai now look for shorter-term contracts until they get acquainted and comfortable with the city and their new jobs. If you want to make your rental offering more attractive, consider offering shorter-term contracts, like 6 or 3 months. Utilities included: As a property owner, it’s up to you whether to include utilities as part of the monthly rent. Before you set the rent and write up the terms of the lease, decide who will pay for things like gas, electricity, heat, water, and so on. If your property is located in an area popular with professionals, especially singles, you may want to draw up an “all utilities included” rent agreement. That’s because busy working professionals are looking for such an arrangement, as that means they will not have to make the effort of setting up payments under their account upon moving in. 4. Consider turning your property into a holiday rental Want to escape the lower rental yields? If so, consider turning your apartment into a vacation rental property like the ones offered on Airbnb. Doing so is simple and easy and doesn’t involve hefty fees. You can take the first step in this direction by registering with the Dubai Department of Tourism and Commerce Marketing. Once you have done that, you will be able to list your studio or apartment on Airbnb and other similar websites. 5. Pay attention to the upkeep Nothing turns off renters more than a property that is being poorly maintained. When a potential tenant visits your apartment, he or she pictures it as their future home, at least for the next few months or years. They don’t expect to see — nor would they appreciate — surfaces that are scratched or unclean or walls with paint peeling off them.  Make a strong impression on all potential tenants by keeping your property in top condition.

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covid

Top 5 Reasons to Buy a Property in Dubai Post-COVID

2020 and 2021 have been full of surprises as the COVID pandemic dramatically affected businesses across all industries. On the real estate front, the scene indeed witnessed a major upheaval. This stands particularly true to Dubai, a city full of surprises, where promises inspire growth and the hope for a sustainable development. This blog discusses 5 reasons to invest in Dubai’s real estate market post-Covid. An Adaptable City Since March 2020, it has been clearly established that social distancing and even lockdowns are the new way to operate. Dubai-based institutions had to adapt their schedules and systems to be in line with the curve during COVID. Aiming to be available 24/7, Businesses and brands embrace digital channels and display updated profiles on online platforms. Dubai was able to accommodate modernity like very few cities do. Dubai offers the widest possible array of activities and things to do from within your living quarters. Modernity makes everything available offline and online, giving way to flexible lifestyles that can be easily adapted to the lockdown. Thus, living in Dubai keeps uncertainty at bay and one will feel safe in the post-COVID times. A Safe Haven Not only is Dubai a hub of customer-centric services, resources and amenities, the city is most importantly safe. Crimes are at an all-time low due to the multiple laws, measures and their implementation in all of Dubai. Among the safest neighborhoods are Jumeirah Village Circle, Dubai Marina, Mirdif and Al Garhoud, Jumeirah Lakes Towers (JLT), Emirates Hills and Business Bay. Therefore, Dubai houses a community of individuals who can thrive due to the security and safety of the city. Beautiful Neighborhoods It is easy to find beautiful apartments, townhouses and free-standing villas that offer plenty of space and excellent amenities in JVC, MBR, Victory Heights, Motor City and Arabian Ranches. It is a relaxing to walk along Marina, bike in Jumeirah Village Circle, and catch the sunset in the park. That being said, there is a lot more to Dubai than inner city neighborhoods. For example, Palm Jumeirah is the place to be for beach lovers. The diversity of indoor and outdoor recreational activities, availability of transportation, and plethora of businesses is perfect for all residents. A Hub of Creativity Dubai is a celebration of art and creativity. Dubai Design District has become the center of the biggest events in the fashion and entertainment industry in the region. It pioneered the careers of influencers, artists and entrepreneurs alike. However, Dubai’s creativity is not limited to fashion and entertainment, as many other sectors are currently witnessing massive waves of innovation sponsored by the local authorities, including technology, media and even government services. Dubai is the first city in the Middle East to be selected as part of the UNESCO’s Creative Cities Network. Secure Investment All of the above make for a host of favorable reasons to not only live in Dubai, but also invest in Dubai’s flourishing real estate market, which is full of good opportunities that carry direct and indirect returns. Simply put, the income from this investment is tax-free and the best part is that the mortgage registration fees are low. Dubai is irrefutably a winner in the sense that it is quintessentially safe, eventful and forward-thinking, especially in a post-Covid era.

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mortgages

Mortgages: the 5 different types available in the UAE

Many people dream of buying property, which can often be a long and difficult process from day one until the key handover. As people search for the right apartment or villas, get the paperwork done, visit multiple sites, and have meetings, it’s becomes a long and arduous process.  Dubai real estate has seen an increased interest in property investments from local and overseas buyers. Along it, is the demand for property mortgages. There are different types of mortgages in Dubai, and it is of huge importance to make the right decision. At Ellington Properties, we provide easy payment plans for our homebuyers and investors, allowing them to pay as part of a 50/50 payment plan. Many of our clients pay the remaining 50% with a mortgage. For that reason, we have compiled a guide to the different types of mortgages available in the UAE. BACKGROUND ON MORTGAGES In the simplest terms, a mortgage is a loan you would take from a bank or individual that gives them the right to take your property if you fail to pay back the money you’ve borrowed, in addition to the interest. People often take on a mortgage to purchase properties. UAE CENTRAL BANK Central Bank of the UAE decides the interest rates. Every business day, banks provide their rates, and the central bank will remove both the highest and lowest rate and use the rest to create an average. They will then post the rate on their website at 11 am every day. HOW DO BANKS CALCULATE THEIR RATES? Some banks are linked to the Emirates Interbank Offered Rate (EIBOR), which is why banks or lenders have different rates. These rates are for what banks charge when they borrow from each other. The EIBOR is a panel of 10-12 banks, and its job is to ensure stability by regulating these rates. However, the rates could potentially fluctuate due to oil prices, or the liquidity of the market. If liquidity is tight, rates go up, and if deposits rise, the rates go down. TYPES OF MORTGAGES AVAILABLE IN THE UAE For those looking for mortgage options, there are different types depending on your needs and situation. The interest rates depend on the factors mentioned above, as well as others such as the amount, the time, and the type of mortgage. FIXED RATE MORTGAGE The interest rate is set before the loan period starts in a fixed-rate mortgage. Also, during the pre-agreed duration, which is normally under five years, this rate does not change. In this scheme, there are obvious incentives but to consider all the available mortgage forms in Dubai, it’s helpful to research the market or seek expert help, because a fixed-rate mortgage is not the safest choice if rates seem to be in decline. If the business condition shifts and prices go downwards, you would be left with the initial rate. Alternatively, if the prices go higher, the fixed-lower-rate would be an advantage. Regardless of how the market moves, the interest rate will remain the same. VARIABLE INTEREST RATES OR FLOATING INTEREST RATES For variable interest rate mortgages, the interest rate can vary based on market conditions over the repayment period. When market dynamics determine, you can end up with a good offer, or even end up paying a higher rate of return. Depending on the market itself, your rate could increase or decrease dramatically at any time. For this reason, it is important to make sure you have the financial liquidity to manage any rise in repayments if you apply for this form of loan. CAPPED MORTGAGE For people worried about having their rates increase to a point that they can’t afford, but who want a floating interest mortgage, a capped mortgage is an option. Capped mortgages are the only rate types that have payment stability, other than fixed rates. The capped mortgage was introduced as an exclusive deal for a short period, and is defined by the fact that before the loan period starts, a maximum rate is set. If the market increases beyond that limit, it will not affect you, but if the market declines, you will be at an advantage. The monthly installment would not go above the predefined limit regardless of the market. OFFSET MORTGAGE A conventional mortgage is combined with one or more savings accounts at the same financial institution to provide an offset mortgage, which is a recent term that only a few lenders offer in the UAE. Loan holders can connect their savings account, current account, credit card account and the loan account under an offset mortgage. Whenever any funds on some of the accounts are paid, the value of the debt is decreased by an offset of the amount credited. Therefore, you might pay a lower rate of interest in the long term by periodically offsetting the amount. REMORTGAGE A remortgage is a loan on an existing mortgage or, in basic words, a transfer to a new lender. It is named as balance transfer in the UAE. Interestingly, the same provider can offer this new loan, or you can find a new one. Many times, even if the interest rate on the original loan is low, individuals apply for a remortgage because they require extra funds. The smaller your loan-to-value (LTV), the more mortgage options you can have. You can calculate your LTV by dividing your remaining mortgage balance by the current value of your home. WHAT BANKS PROVIDE MORTGAGE LOANS? There are many banks in the UAE that provide mortgages to both residents and international investors, such as: FAB Emirates NBD ADCB ADIB CBD RAKBANK Standard Charter Bank Mashreq Bank HSBC DIB

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5 reasons why MBR City is the hotspot for property investment

Top 5 reasons that make MBR City the hotspot for property investment in Dubai for 2021 and beyond

Over the years, property investment drew the attention of many people, and proved to be a sound investment. Whether you are an expert on the field or a beginner looking for your first investment, you will be always looking for locations that generate the best returns in terms of ROI, capital gains and lifestyle offerings. Mohammed Bin Rashid City, also known as MBR City, is one of the most-anticipated mixed-use developments in Dubai and the gulf region. Envisioned and developed as a city within the city by the ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, and thus it was named after him. MBR City is the hotspot for property investments in Dubai for 2021 and beyond, and we will share with you five reasons why. LOCATION Location is an extremely important element in property investment, as it is the key driver for a sound and strategic investment. Mohammed Bin Rashid City is located along the roads of Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, Al Ain-Dubai Road and Al Khail Road. This new master-community in Dubai is well-connected to the rest of the city, with access to all major highways and streets. Our projects are located within the Meydan district, which is just five minutes away from Downtown Dubai and Burj Khalifa, Emaar Square, Dubai Mall and just south of Business Bay. The Meydan District takes the best spot in terms of location with easy access to Dubai’s commercial and business centers, as well as leisure and entertainment areas. The International Airport is just 10 minutes away, providing an easy travel connection to all residents, international travelers and visitors. PROPERTIES The type and characteristics of properties are essential for property investments. Attractive plots or houses with well-to-do infrastructures, good and open-plan layouts attract tenants, in such that a property with attractive features makes a handful of returns. Mohammed Bin Rashid City offers a mix of commercial and residential communities from several developments such as Meydan City, Dubai Hills Estate, Sobha Hartland and District One. The community offers a wide selection of luxurious apartments and villas and mid-range townhouses and residential apartments within sustainable communities developed and built according to green living standards. Ellington Properties award-winning developments in MBR City, Wilton Terraces and Wilton Park Residences features a sustainable and eco-friendly residential living experience perfectly located in the middle of lush parklands, with an overlooking view of the Ras Al Khor Wildlife Sanctuary and the city skyline of Downtown Dubai. Wilton Park Residences offers residents with a natural living experience, with its design and development taking advantage of its natural surroundings. The amenities are inspired by top-luxurious resorts such as an infinity pool, highly appointed gymnasium and kids’ areas featuring multiple play zones for various play activities. The residences feature open-plan layouts, well-equipped kitchen and floor-to-ceiling windows, all built within the practice of biophilic design. LIFESTYLE AND OFFERINGS A profitable real estate investment also focuses on the key offerings and experiences its potential residents get, as tenants tends to focus on convenience and comfort when choosing for a house to live and stay. Mohammed Bin Rashid City is set to become the family and tourist destination in Dubai with services, facilities and amenities to cater to multiple cultural backgrounds. Shopping and Retail Meydan One Mall, envisioned to be the home of the world’s longest indoor ski slope, will feature 550 retail outlets including a 13,200 square meter hypermarket. The Meydan One Mall is one of the most highly anticipated developments in the city that will redefine the ultimate retail experience. Entertainment and Leisure Crystal Lagoons is set to be the largest man-made lagoon in the world. Inspired by the Caribbean, the lagoon covers about 7 kilometers of clear turquoise waters and palm trees, surrounded by corporate towers, parks and residential developments. Meydan Golf Course, a unique 9-hole course spanning over 7,412 yards of tee options and natural lakes, will operate with a pay and play concept ideal for visitors.  The Track, Meydan Golf Course is the newest course for all the golf lovers in Dubai. Meydan Racecourse and Grandstand boasts two-horse-racing tracks spanning over 1.5 kilometres with a spectacular facility that can cover up to 80,000 visitors. Schools and Universities North London Collegiate School located within Sobha Hartland in MBR City, is a 38,000 sq/m campus offering international curriculum standards dedicated to promoting the holistic developments of students. NLCS Dubai is just 1 minute away from Wilton Terraces and Wilton Park Residences. Hartland International School follows the UK curriculum educational system offering primary and secondary program committed to delivering the best educational experience. Situated within the Sobha Hartland community, it is 1 minute away from Ellington Properties projects, Wilton Terraces and Wilton Park Residences. APRECIATION POTENTIAL Appreciation is the real upside of real estate investment.  A property investment should have a strong appreciation potential in terms of the neighborhood and the property. Mohammed Bin Rashid City is one of the highly anticipated developments in Dubai because of its promising vision to deliver world-class entertainment and unique residential offerings. Some of the developments are forecasted to break records and is expected to compete against the world’s best. Tagged as city within the city, MBR City will become the new Downtown of Dubai. To-date it has not yet been fully developed, however with Dubai’s history of delivering results and paving ways to innovative changes, backed by certain economic stimulus and strong government support, the community is showing good prediction reports with market trends expected to go upward. This means that it will create a high demand in the market, both primary and secondary, for the next two years. ZERO TAX A property investment without paying taxes on rental income and capital gains is a win-win situation.  Dubai is a tax-free Emirate, making it one of the hotspots for investments for both foreign and local investors. Properties in Dubai have zero tax, and this makes it one of the cheapest cities for property investments globally. Residential properties in MBR City

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