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Learn more about the Mohammed Bin Rashid City (MBR) property market through trends and average prices.
The median sales price for a property in Mohammed Bin Rashid City (MBR) is approximately AED3,840,000
The median price per square feet in Mohammed Bin Rashid City (MBR) is AED1,970
The Mohammed Bin Rashid City (MBR) area currently has 2,316 properties for sale
Mohammed Bin Rashid City is the largest and most significant mixed-use development in Dubai's history, spanning more than 54 million square feet of valuable land. It is planned to become a new completely integrated city inside Dubai that will offer the ultimate in opulent urban life, consisting of four key components: arts, retail, residential, and entrepreneurship. MBR City will be home to some of Dubai's most opulent luxury properties, featuring sprawling villas and opulent palaces set amid sweeping lush greenery, stunning vistas, and enthralling water features. The magnificent residences will have a one-of-a-kind and exquisite architectural style rooted in cultural elements, with a dash of modern aesthetics thrown in for good measure.
The projected cost of MBR city is approximately AED 30 billion, according to the ruler of the emirate, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, who announced it in the second half of 2012. The project includes cutting-edge tourist attractions, a hub of leisure activities, the world's largest retail mall, a large-scale park, the world's largest man-made lagoon, and 45 million square feet of the freehold property. This is a 10,800-hectare development project, 20 percent larger than Manhattan, named for the Ruler of Dubai, whose palace is located inside the development region. In May 2015, His Highness Sheikh Mohammed Bin Rashid personally launched this project. This area has quickly grown in popularity, with a varied selection of housing, entertainment, shopping, and dining options, and it never fails to satisfy visitors with its trendy, lively, and cosmopolitan lifestyle. It is a collaboration between Meydan Group and Sobha Group. Polo Residence, Azizi Riviera, and Wilton Terraces 1 are just a few of the exquisite developments that will be available by Meydan Property Group.
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