The Mohammed Bin Rashid label/brand is hard to miss in Dubai and, indeed, in the United Arab Emirates. It is nearly impossible not to come across the name during your stay in the country. It is a street name, a community name, and, as many may wonder, a brand everywhere in the city!
Newcomers are often perplexed at how and why there are many Mohammed Bin Rashid kinds of stuff, locations, and items in the country. It has been recently discovered that many people want to know why the identity means so much, and many more even think it is the name of some martyred hero in the history of Dubai. The name is such that it has previous relevance and current impact in the UAE. Read on to understand the significance of the brand and why it is such an important fabric of Arabian society as far as the UAE is concerned. Take that information as a guide before you buy apartments for sale in Mohammed Bin Rashid City.
All about the Mohammed Bin Rashid City
The Mohammed Bin Rashid City, or the MBR City, is christened after the traditional leader of the Emirates, HRH Sheikh Mohammed Bin Rashid Al Maktoum – the same thing as the Al Maktoum road. The MBR is a 30 billion AED project unveiled officially in 2012 and later commissioned in 2015. The MBR is a mega project consisting of world-class tourism destinations, parks, and malls, and it is distinctive for housing the Crystal Lagoon, the largest artificial lagoon in the world.
The MBR City is mixed, meaning there are luxury apartments and residential towers on the one hand and fancy hotels and resorts on the other. Simultaneously, commercial buildings are also available for rent with small, large, and medium size office/shop space. Many properties have been completed, with handovers executed, while many newer units are being developed in the city.
Another amazing part of living in the MBR City is the green policy. It is a delight to find eco-sustainability entrenched in the intricate designs of the city area, the roads, the gardens, and even the residential towers. This ensures the environment’s safety and the comfort of those living there in a balanced camaraderie.
Housing projects in MBR City include:
- District One;
- The Wilton Park;
- District 11;
- The Opal Gardens;
- Sobha Hartland;
- KOA Canvas.
The pricing in the area is considered fair compared to other prime locations in the city. It is likewise a freehold zone, meaning you can own property with no restrictions as a foreigner and invest in a company with minimal taxation. All property types are available, from small studio units to large mansions and villas.
A major reason why the name has both previous, future and present relevance is that the top leading of the UAE has played a significant role in the growth of Dubai and in the development of record-breaking real estate, which now contributes to the nation’s economy.
Road Network and Accessibility to the City
Closeness to other cool locations is another advantage of MBR City. It is close to Business Bay, Al Quoz, and Dubai Downtown, less than 10 minutes away. This closeness gives it easy navigation to other cool locations and makes it a superb investment option.
The MBR City is reachable through the Sheikh Zayed Road, the Al Khail Road, and the Mohammed Bin Zayed Road, respectively. Having so many main routes, in and out of the community, movement is not a problem (both public and private). You should ask and be reassured about the parking spaces at your residential apartment before you take it as that is not regulated by the government of Dubai but rather a function of the private developers; so, ensure it meets your requirements for ease of entry and exit.
Learn how to shop and select the best properties in the area; read more on the official website https://emirates.estate/.
Perfect Fun Places for Tourists
The Crystal Lagoon
The Crystal Lagoon is the largest artificial lagoon in the world, consisting of forty – five million square feet of freehold land, private units, commercial complexes, etc. It is also home to the great Al Maktoum Mosque. It is located in District One of the MBR City and has more than enough hotel units, and was designed to give off the Caribbean feel, with clear water filtered seasonally to ensure purity.
The Meydan One Mall
Being developed by the Meydan Group and originally announced to be unveiled in 2022, the Meydan One Mall promises to be one of the largest malls in Dubai. It generally consists of multiple structures for a stadium, the Dubai One (proposing to be the highest residential tower in the world), all planned in the heart of the MBR City. You can see a lot to look forward to in the area.
The Falcon Center
Falcons are significant animals in the UAE, and it is no surprise that falconry is a widely practiced sport and well-revered country. The Falcon Center is a splendid structure in the MBR city, which lovers of falconry will find exciting, with images, molded falcons, and a history of falconry heritage documented. There are many Falconry centers in Dubai, but the one in MBR City is one of the best worthies a visit.
Expected Returns on Investment in the Community – Counting your Gains
As an investor or purchaser hoping to earn from real estate in the MBR, it is critical to consider the anticipated returns for the next couple of months or at least a year. The anticipated ROI for investors in MBR City for 2023 is about 7% minimum.
