District One (Mohammed bin Rashid Al Maktoum City) by Meydan Sobha
District One (Mohammed bin Rashid Al Maktoum City) is a residential real estate that includes several development projects with various number of floors. It is being built by Meydan Group and Indian Real Estate Company, Sobha. A variety of properties allows to invest in District One real estate.
About District One (Mohammed bin Rashid Al Maktoum City)
The residential property is located in the central and fashionable area of Dubai. It is close to the shore of an artificial lagoon. There is everything that is necessary for a comfortable life. The area began to actively develop since 2014, until now its final development has not been completed. The residential real estate includes four development projects from 4 to 16 floors.
To buy an apartment in District One
The property is located in a free zone. It means that expats also can buy such a property. The new development project is in demand, although you can still find profitable ads from the developer and buy an apartment in Dubai at an attractive price. The project commission is planned at the beginning of the 2nd quarter of 2023.
Types of apartments in District One
There are several types of apartments in the residential property:
- One-bedroom apartments from 71 sq. m.
- Two-bedroom apartments from 119 sq. m.
- Three-bedroom apartments from 251 sq. m.
Each type has one or more spacious balconies with an artificial canal view.
Prices for apartment in District One
The price starts from AED 1,200,000. Three-bedroom apartments can cost AED 3,000,000. The final price depends on the total and living area, as well as the number of rooms. For more details on Dubai real estate price, please contact the company's specialists.
Useful information about District One for investors
Among the numerous properties for investment in Dubai, this project has its own pros. It is focused on family life, so it is suitable for both permanent residence and rent. An advantageous payment schedule is provided for investors. Only 50% is paid during construction, the second half is paid after the project commission.
ROI in District One
On average, apartments have a ROI of 5 to 6%. One-bedroom apartments are in the greatest demand. This is the most attractive properties for investment in Dubai. The more rooms and the higher the sum of investment, the ROI decreases.
Useful information about District One
The real estate in District One has a developed infrastructure. For instance:
- Green areas.
- Swimming pools and gyms.
The residential development project has 24-hour video surveillance and security. There is an access to a private beach.
Infrastructure in District One
The community has everything that is necessary for permanent residence: schools, higher educational institutions, kindergartens, shops and public catering establishments. The area is a 20-minute drive away from the largest airport of the United Arab Emirates. The largest attractions, including Burj Khalifa, are also a 10-minute drive away.
Dubai Mall, the city's largest shopping mall, is a 10-minute drive away. Other large malls, such as Mall of the Emirates and Meydan One Mall, are a bit far from the residential project. There are lots of retail outlets in the nearest subcommunities, including Downtown Dubai, which is also known as Downtown Burj Dubai. Besides, Oasis Mall is located nearby. It has more than 400 retail outlets and restaurants.
Most of the hotels are located in the center and close to tourist sites and the coastline. You can stay in a five-star Meydan Hotel, Le Royal Meridien Beach Resort & Spa or La Verda Suites & Villa, etc.
There are two underground stations, which are close the community. You can travel by your own or rental cars. Moreover, there is a bus service. Car rental is possible if you have an international driving license. There are no difficulties with parking spaces, as it is provided on the territory of the residential property.
Restaurants, bars and cafes
You can taste different national cuisines in the community. You can get acquainted with Arabic cuisine at the Al Arab restaurant. The traditional Indian dishes are prepared in Bombay Chowpatty. The Egyptian menu is presented in Hadoota Masreya restaurant. American cuisine is served at Texas Roadhouse Restaurant.
Supermarkets and grocery stores
There are several supermarket chains in the area. The closest one is Carrefour. Here you can find food, clothing, as well as household goods. Al Maya supermarket is a bit further from the area.
Beaches near District One
Residents have an access to a 14 km long artificial lagoon beach. The access to the sea is located in the Jumeirah community. It's 10 minutes away. The beach is fully equipped for a comfortable stay, as there are changing cabins, showers, barbecue areas, snack bars and cafes.
There are two mosques, such as Jumeirah and Mohammad Bin Ahmed Al Mulla Mosque, near the sub-community. Hindu can go to Sitladevi Temple. Christian churches, such as the St. Thomas Orthodox Cathedral, the Christian Fellowship Church, are located in the surrounding areas. The Orthodox Church of St. Philip the Apostle is located in Sharjah.
Educational institutions and kindergartens
The kindergarten is provided by the developer on the territory of the residential development project. Maple Bear School Dubai and Jumeirah International Nursery are located nearby. There is Clarion School with an American education system and Al Quoz School win a British education system in Al Quoz.
The multi-specialty hospital iCare Clinics is located in walking distance. A full range of services from analyzes and X-ray examinations to the consultations of narrow specialists is provided here. You can also contact Medcare Hospital for medical help.
We will help you buy real estate for investment in District One
Our company specializes in foreign real estate in the UAE. Our catalog contains properties from local developers. Specialists will help buy real estate in District One. Do not delay the choice, so as not to miss the most favorable proposals.