Meydan is a new district in Dubai with countless real estate investment opportunities. But generally, opportunities come with some pros & cons and Meydan's investment opportunity is not an exception. Read this blog and know about the pros and cons of living in Meydan.
Meydan is not just a district but a visionary concept of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Previously known as a horse racing venue but now this district is famous as an integrated city located in Dubai City Center offering its inhabitants a sustainable and family-friendly metropolitan region.
MBR City (Mohammed Bin Rashid Al Maktoum City) is a famous freehold residential zones here. Spread over approx 47 million square feet in the heart of Meydan. A diverse, family-friendly community presenting villas and other mixed-use developments with a wide range of amenities and services.
Meydan Heights is another best community here presenting 528 units of townhouse development with a community center and mosques. Most of the units here are completely reserved for the employees of Emirates Airlines.
Meydan Avenue is another community in Meydan that comprises the world-famous Meydan Racecourse, Meydan Hotels, commercial developments, and business centers.
Meydan One community here is taking the luxury standard of living to a new level. Presents a high-end lifestyle to the residents with world-class amenities & services like 711m tall Dubai One Tower, Meydan One Mall, Best Hotels, Indoor Sports Plaza, etc.
Meydan Free Zone is the best place to run your business through advanced facilities & features, and flexibility in rules & regulations.
Even with all these facilities, there are some pros & cons of living in Meydan Dubai that you should know. So let’s explore this in detail.
As you know, Meydan is a dream project of Sheikh Mohammed Bin Rashid Al Maktoum. So there are many pros of living in Meydan, some of which are written below.
Location is one of the biggest pros of living in Meydan, as this master community is located next to the Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, Al Ain-Dubai Road and Al Khail Road. It is not only a key driver for sound investment but you will also get multidimensional connectivity from the rest of the city, with access to the metro & other transportation. This district also takes the advantage of the best spot with easy access to Dubai’s commercial and business centres, as well as recreational and entertainment zones.
Meydan district is a dream project by Mohammed bin Rashid Al Maktoum with everything within like commercial developments, hotels, racecourse, malls and business parks etc. So, everyone wants to buy a property here at any cost. And the best thing is, here you will get different living options at different prices from reputed real estate developers.
AZIZI Riviera is one of the best residential development here and features waterfront Studios, 1, 2 & 3 Bed Apartments starting from AED 551,888 with the best payment plan. So, there are best property options for different budgets & requirements and this is one of the biggest pros.
The best community also pay attention to the key amenities and experiences its potential residents get, as buyers tend to consider convenience and comfort when choosing a home for their family to live and stay in for a lifetime. Meydan district is set to become the best destination for home buyers with world-class services, facilities and amenities to keep in mind multiple cultural backgrounds. So, no matter where you belong, here you feel at home.
The best advantage of living in Meydan for the shopaholic person is, there are countless options for retail & lifestyle stores with recreation options. This is only possible through Meydan One Mall, which comprises 550 retail stores, and a hypermarket spread over more than 13000 sq. meters. The mall is one of the most highly anticipated development not in the Meydan district but in Dubai as well.
When it comes to entertainment & leisure then there is no other region in Dubai that can provide you with international class except Meydan. Some of the best entertainment & leisure options are:-
The best pros for the family with school-going kids is, the Meydan district has many schools & institutions within its peripheries. You can choose any of these schools according to your preferred curriculum.
Appreciation is one of the biggest expectations from real estate. A real estate investment should have a strong appreciation potential in terms of the neighbourhood and the property. Meydan district is a highly anticipated development 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 are expected to compete against the world’s best.
Recognized as a city within the city, Meydan is on the path to becoming the new city centre of Dubai. This district is still under development it has not yet been fully developed. However Dubai’s reputation as delivering unbelievable results and paving ways to ground-breaking changes, supported by favourable policies & government support, the Meydan is showing outstanding prediction reports with current market trends expected to only go upward. This means if you buy a property here then you are on the right track.
Just imagine a real estate investment without any property tax and no tax on rental income as well as capital gains is not a bad deal.
Meydan is a free-zone region in Dubai, making it a most preferred zone for local & foreign real estate investors. As well as, Dubai's zero tax policy makes investment here affordable for everyone. Residential properties in Meydan offer 0% tax and many other advantages.
There are many pros of living in Meydan Dubai, but honestly speaking there are only a few negligible cons of living there, that are not worth mentioning here.
Large parts of the Meydan district are still under construction. So if you are immediately looking for a ready-to-move property then you have to wait. However, construction work is in full-swing and expected to deliver on time.
If you prefer public transport then Meydan is not for you, particularly not this time. According to the Master Plan, this community will have the advantage of well-managed public transportation. So again you need to wait.
Planning to buy property in Meydan Dubai? Consider these pros & cons of Meydan before you make a final decision.
Meydan District in Dubai presents better investment opportunities for local & foreign investors. There are many pros and cons that come with this investment. But overall, the pros are maximum and the cons are few. So Meydan is a better investment for you.
When it comes to real estate investment in Meydan or anywhere in Dubai, you can never go wrong with the help of the best real estate company. Whether you are an experienced or novice real estate investor, taking the help of the best real estate company in Dubai like Dubai Housing can give you an extra edge with better options in off-plan properties from reputed real estate developers.
