DISTRICT ONE by Meydan Sobha in Mohammed Bin Rashid City, Dubai, UAE: prices from the developer, № 24750

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.
Playgrounds.
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.

Shopping malls

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.

Hotels

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.

Transport

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.

Religious buildings

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.

Health care

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.

Features

Type of development project

District One Residences is an elite gated residential community in Mohammed Bin Rashid City near the Meydan Racecourse, Track Meydan Golf Course and 5–star Meydan Hotel.

District One is a group of buildings each with 5 to 17 floors where apartments with 1, 2 and 3 bedrooms are sold. The apartments have large floor-to-ceiling windows with views of the green gardens and lagoon. Besides apartments, you can also buy spacious villas here.

Originality

The community's master plan includes more than 900 luxury houses as well as 30 residential complexes.
A distinctive feature of District One Residences is the world's largest man-made Crystal Lagoon, which runs through the entire community and provides residents with access to a fantastic beach. The length of the coastline is 7 kilometers.
District One guarantees a unique lifestyle that combines convenience, safety and comfort in everything from the homes to the infrastructure. Community residents will have access to:

Indoor recreation areas;
Cycling and running tracks;
2,500,000 m² of open green spaces, parks and gardens;
Public swimming pools;
Fitness centers.

Architecture and design

The community is built around the reservoir. Many houses and villas are designed in the same style and organically suit the surrounding space. The designer of the District One concept was the AE7 design agency. They deal with integrating designs into the urban environment.

Economic attractiveness

Real estate in District One has the following:

Studios and apartments with 1, 2 and 3 bedrooms ranging from 55.74 m² to 185.81 m². The cost of apartments varies from AED 1,240,000 ($337,000 - ¥2,140,000) to AED 3,200,000 ($870,400 - ¥5,530,000);
Villas with 4 bedrooms and 6 bathrooms with an area of 836.13 m². The cost of the properties starts from AED 8,400,000 ($2,280,000 - ¥14,500,000);
Villas with 5 bedrooms and 7 bathrooms with an area of 1207.74 m². The cost of these houses starts from AED 11,250,000 ($3,060,000 - ¥19,490,000).The average rental yield in this area is 6.13% a year for apartments and 5.18% for villas.

Developer

The project’s developer is the Meydan Group, which was founded in 2010. For 12 years, they have created about 35 projects that include the iconic Dubai Water Canal, The Gate Tower, MAG City and others.