Properties for Sale in Al Satwa
Projects in Al Satwa
About the neighbourhood
Al Satwa is a small residential community in Dubai. It is located near Sheikh Zayed Road (E11) on 2nd December Street, and it borders Jumeirah and Bur Dubai.
Al Satwa is a family-friendly area with an international community of residents and a lively atmosphere. There are plenty of retail outlets in the area, including groceries stores, clothing boutiques, tailoring shops, jewellery stores, building supply stores, furniture stores, pet shops, and pharmacies. Al Hudaiba Street, which is also known as Flower Street, offers flower shops and artificial plant stores. The most popular local supermarkets are Al Maya, Yamama, and Spring.
Residents can take advantage of nearby fitness centres, such as Star Gym Satwa, Sahin Gym, and Muscle Power Gym. The area also offers a selection of spas and beauty salons. Mandara Spa, Bella Style, and Bodyline Salon are available for women, and Diva, City Style, and Golden Star Salon are available for men.
Al Satwa has several secondary schools, including:
- Wasl School for Girls
- GEMS Wellington and Qurtoba elementary schools
- Jumeirah Baccalaureate School
- Al Shaab School
Higher education institutions are located in the neighbouring communities of Dubai International Academic City and Knowledge Village.
For medical services, residents can go to the Al Badaa Health Centre and Thumbay Hospital, which are situated within a short drive of the complex.
Al Satwa has a variety of residential communities with studios, apartments, villas, plots of land, modern offices, and retail spaces for sale and rent. The area offers public transport, which makes the community especially attractive to residents without personal cars. Numerous bus terminals provide connections to other parts of Dubai, and the most popular routes include the RTA and X13. The area also offers a Metro station.
Economic attractiveness
Al Satwa has three medium-rise apartment complexes commissioned, and another seven buildings under construction. Units feature studios and apartments with one- to three-bedroom floor plans, as well as villas with five- to six-bedroom layouts.
Properties in the area are primarily rented out. The minimum annual rental cost for a studio with an area of 460 sq. ft. (43 sq. m) is AED 25,000 (USD 6,800). The average annual rental cost for a one-bedroom apartment with an area of 700 sq. ft. (65 sq. m) is AED 32,000 (USD 8,700), and the average annual rental rate for a three-bedroom unit with an area of 1,803 sq. ft. (168 sq. m) is AED 120,000 (USD 32,670). The average annual rental cost for a five-bedroom villa with an area of 2,145 sq. ft. (200 sq. m) is AED 139,000 (USD 37,843).
The purchase price for a six-bedroom villa with an area of 15,000 sq. ft. (1,393 sq. m) is AED 9,200,000 (USD 2,504,764).
Real estate in the area has an average return on investment rate of 4%, per annum. Al Satwa offers many good real estate investment opportunities, and affordable rental rates attract tenants to the area.
*The price is valid for 2021
The best real estate projects
The most popular residential properties are located near Al Satwa Road, which is a lively part of the area featuring restaurants and retail stores. Al Satwa offers a mix of residential real estate projects, such as studios, apartments, and villas, as well as commercial real estate projects, such as offices and retail spaces. It is also possible to buy a plot of land for a customised construction project. Studios and apartments have an average size of 850 sq. ft. (79 sq. m) to 1,375 sq. ft. (128 sq. m), and units are equipped with furniture and appliances. Studios can be rented out for AED 35,000 (USD 9,529), per annum, and one-bedroom apartments can be rented out for AED 45,000 (USD 12,251).
*The price is valid for 2021
The Makeen Residence complex is popular among investors. Developed by Makeen Properties, the building consists of apartments with one- and two-bedroom floor plans. Property sizes range from 1,450 sq. ft. (135 sq. m) to 2,500 sq. ft. (232 sq. m), and the average annual rental cost for a unit is AED 62,000 (USD 16,880). The complex offers a variety of amenities, including a community pool, equipped gym, event space, barbecue area, and cafeteria, as well as 24-hour security and pet-friendly accommodations.
*The price is valid for 2021
Attractions
Residents can enjoy easy access to Al Satwa Park. It is a popular spot among locals looking to relax and spend time with family and friends. The park is equipped with a children’s play area with rides, a sports field, and jogging paths.
Neighbourhood streets are decorated with murals representing the history of the United Arab Emirates, and the Dubai Street Museum is situated along 2nd December Street.
Residents can choose from a variety of local restaurants, including Ravi Restaurant, which offers exotic dishes, as well as traditional Asian cuisine.
Jumeirah Public Beach is located within 10-minutes of the residential area, and it features regular social events and picnic areas.
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