The real estate sector represents 60% of the world’s leading resources and a large share of all national, corporate, and personal assets. In this regard,
Top 5 Reasons to Buy a Property in MBR City
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 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.
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.
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.
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 offers zero taxation in rental income taxes, capital gains taxes, and inheritance taxes.