City Walk Dubai (also known as Citywalk) is an urban district developed by Meraas, which is located in the center of one of the most popular areas of Dubai; Jumeirah, close to some of the best beaches in the emirate. The total area of the district is 9,687,519 sq. ft. and combines elite residential and commercial real estate, as well as some of the coolest infrastructure for recreation and entertainment. City Walk is famous for its exclusive shopping spots, luxury fashion boutiques, parks, walking areas and numerous bars and restaurants overlooking the Burj Khalifa. The local street art is of great interest to tourists – the graffiti on the walls were created by world renowned artists from all around the world.
There are also children’s playgrounds, state-of-the-art fitness centers and a large platform for public events. Since the district is popular among tourists, there are many signs around the area which are there to help find a required location easily.
City Walk belongs to freehold zones so foreign investors can purchase real estate here with unlimited ownership. The City Walk Dubai residential block is represented by 34 mid-rise buildings with glass facades, which are beautifully illuminated at night. There are multiple exclusive shops, restaurants and entertainment venues in the surrounding area.
The location of City Walk Dubai can pretty much be labelled as perfect – on one side there is the Jumeirah waterfront, and on the other – the tourist center of Downtown Dubai with the main attractions of the emirate.
Residential areas of Al Wasl and Al Safa which both have a developed social infrastructure are located in the southwest of the microdistrict. City Walk is bordered by Al Satwa to the northeast and Business Bay to the south.
The microdistrict is located at the intersection of Al Safa Road and Al Wasl Road, a couple of minutes’ drive from Sheikh Mohammed Bin Zayed Road – one of the main highways of the UAE, which provides easy access to most parts of Dubai and other cities. It takes 10-15 minutes’ to drive to Dubai International Airport from City Walk, and 40 minutes’ to reach Al Maktoum International Airport.
City Walk is easily accessible by both private and public transport – metro, buses and taxis. The nearest metro station is Burj Khalifa / Dubai Mall Metro Station (red line) and is 5-10 minutes’ away by car or taxi (one can reach the area on foot within 20 minutes). A little further away, there is the Financial Center Station. It takes nearly the same time to drive there as before, and will take about 25 minutes’ to get there on foot. To the south there is the Business Bay metro station, which will take only 5 minutes’ via the Sheikh Zayed Road exit.
The Dubai Petroleum Corporation 1/2 bus stop is located on Al Safa Street, a couple of minutes’ walk from City Walk. Here one can take buses No. 7, 28, 81, C14.
For those who prefer to get around by car, there are more than 600 allocated underground parking spaces in the residential part of City Walk. There are also several parking lots close to the commercial shopping area.
Families who have bought or rented a home in City Walk can easily find suitable kindergartens and schools where children can receive a quality education.
In the microdistrict itself, the kindergarten Honey Bee Nursery is open for pupils from four months to four years old. The nursery applies the British curriculum of The Early Years Foundation Stage (EYFS).
There are many more educational establishments in the Jumeirah area. Among the most popular places for toddlers are Great Mind’s Nursery and Gems Wellington Elementary School.
Great Mind’s Nursery is 5 minutes’ away by car or a 20 minute walk. Children are taught here according to the famous early development method by Montessori.
GEMS Wellington Primary Schoolis also located within a 5 minutes’ drive (15-20 minutes’ walk) in the Al Wasl area. The institution operates according to the UK curriculum.
As for secondary schools, JSS Private School and Horizon English School are the most popular nearby institutions. The JSS Private School teaches according to the Indian educational programme CBSE. Horizon English School uses the EYFS curriculum. Both establishments are located about 5-7 minutes’ from City Walk in the neighbourhood of Al Safa.
For Russian-speaking children there is the only Russian school in Dubai not far away from City Walk. The Russian International School is located in the Muhaisnah area, a 20-minute drive away.
Higher education can be obtained at Canadian University Dubai, which takes less than a 5-minute drive from City Walk. Mohammed Bin Rashid University of Medicine and Health Sciences and the University of New Brunswick are located nearby as well. Both can be reached within 10 minutes. And for those who aspire to become professional makeup artists, the exclusive beauty school The Lipstick MakeUp Institute is located 15 minutes’ away by car.
Several first-class medical facilities are located around City Walk. These include the Valiant Clinic & Hospital, which is a 10-minute walk or 5-minute drive from the Al Wasl area. There are cardiology, dermatology, endocrinology, otolaryngology, pediatrics, orthopedics and dentistry departments as well as plastic surgery that can be found in the clinic.
The well known Emirates Hospital Clinics is a 10-minute drive away along the Sheikh Zayed Road in Business Bay. Al Garhoud Private Hospital Clinic is less than 10 minutes’ away in Jumeirah. One can get dental work at the Dubai London Clinic Dental Center in the Al Wasl area, which is just a 5-minute drive away. For specialist medical centers for diseases of the musculoskeletal system, as well as other organs, doctors from the multidisciplinary 24-hour Medcare Orthopedic & Spine Hospital in the Al Safa area are ready to assist at any time. One can get there in 10 minutes.
City Walk has several pharmacies including Boots Pharmacy and Marina Pharmacy.
The microdistrict is home to the same-named City Walk shopping center and hundreds of luxury boutiques, where leading international brands and exclusive collections are presented to shoppers, including Ralph Lauren, Karl Lagerfeld, Chantelle, OnePiece, Calvin Klein, Michelle Belau as well as many others.
The Dubai Mall, the world’s largest shopping and entertainment complex, is a 5-minute drive away from the microdistrict. One can also get there on foot in about half an hour. The mall features high-end boutiques, restaurants, a cinema, an ice rink and other entertainment options, as well as a large Waitrose supermarket.
City Walk itself also offers plenty of grocery stores, including All Day Advantage, which is very popular among residents. There are smaller shops and a Carrefour hypermarket (Al Wasl district) within a 10-minute walk from the microdistrict. And within 5-10 minutes’ drive, residents can find the supermarkets of Geant Express, West Zone and SPAR.
The public mosque in City Walk is open next to the main square of the microdistrict. Several other religious sites for Muslims are located nearby, including Ahmed Bin Jursh Mosque and Ramadan Juma Mosque, both are a 10-minute walk away.
The nearest Christian churches are in the Oud Metha area, which takes 10 minutes’ by car: St. Mary’s Catholic Church, St. Thomas Orthodox Cathedral and St. Mark & Ava Bishoy Coptic Orthodox Church and Holy Trinity Church.
City Walk is known for its fine restaurants, bars, pubs and cafes. In the microdistrict and its surrounding area, one can try dishes of almost any national cuisine, including Mediterranean, Arab and Asian. The most popular eateries among residents and tourists are Sarabeth’s City Walk, Farzi Cafe, SIKKA Cafe, COYA Dubai, Graze Gastro Grill & Bar with its famous steaks, the burger restaurant Five Guys, and LIMA Dubai, a Peruvian restaurant. A little further down in Jumeirah, there is the Indian restaurant, Mint Leaf.
LookUp Rooftop Bar on the rooftop of La Ville Hotel & Suites and La Casa Del Habano are among the most in-demand bars in the area.
City Walk Dubai is located in the center of Dubai’s most popular beachfront area, so it offers access to the best coastal areas of the emirate in less than 20 minutes.
In 10 minutes’ one can reach the free public beach ofJumeirah Beach. Surfing enthusiasts and lovers of other water sports can take a trip to Kite Beach, which is 15 minutes’ away. Here one can hire an instructor and rent equipment. The beach also features playgrounds and sports grounds, a skate park, as well as cafes, restaurants and bars. There is an impressive view of the Burj Al Arab; the sail-shaped hotel that can be seen from the beach.
It takes approximately the same time to drive to the semi-wild Sunset Beach (Al Sufouh), which is considered to be one of the most picturesque beaches in the entire emirate. A little further, a 20-minute drive away, in the Dubai Marina area, there is Barasti Beach, which attracts club lovers and young sun seekers. On Fridays, the area hosts club nights under the open night sky.
There are no world-famous landmarks in City Walk, but the neighbourhood is popular for luxury boutiques, walking areas, graffiti art on the walls of buildings and entertainment.
There are many interesting zones and attractions for children and adults:
Due to City Walk being close to Downtown Dubai, it offers easy access to the most popular attractions in the emirate and throughout the UAE, including:
It will take only 5-10 minutes’ to reach all of these iconic locations.
With a vibrant urban atmosphere, street art, close proximity to the beaches of Jumeirah and the attractions of Downtown Dubai, City Walk is recognized as one of the most popular tourist destinations in the emirate. The constant flow of guests ensures the demand for short-term rental housing. A well-developed social infrastructure and relatively affordable prices attract new residents here (both buyers and tenants of residential property).
If we talk about long-term rentals, then one-bedroom apartments have the highest ROI of 6.1%. Two-bedroom apartments are in second place, with a return on investment of 5.3%. ROI of apartments with three and four bedrooms is 4.8%. When renting out residential property for short-term rent, the profit is higher.
City Walk is a new microdistrict, the development of which is still undergoing. Therefore, here one can acquire not only finished real estate, but also units in buildings still under construction. Off-plan projects, in particular, are the most profitable investment option for those who do not have an urgent need for completed property, since the initial stages of construction, real estate is much cheaper. Only after does its price rise as the building is being commissioned.
Residential real estate in City Walk is represented by 34 mid-rise buildings (which is quite rare in Dubai, since the city is dominated by skyscrapers). All buildings have floor-to-ceiling panoramic windows, and a wide range of amenities that are provided for residents. Each building has children’s playgrounds, swimming pools for children and adults, gyms and parking lots with dedicated spaces for each residence.
There are mainly 1-4-bedroom apartments for sale, as well as a limited collection of penthouses and duplexes. Duplex flats with three and four bedrooms have two terraces and a private pool. Additionally, City Walk offers hotel apartments – apartments with hotel services. This is the best option for those who want to rent property out for short-term periods to tourists.
There are also exclusive offers available for high-end investors: here one can purchase an entire building starting from AED 146.5M (USD 39.9M).
The minimum cost of a ready-to-move-in one-bedroom apartment in City Walk is AED 1,550,000 (USD 422,000). Real estate prices for off-plan projects start from AED 760,000 (USD 207,000).
Among the most popular completed projects in City Walk is Building 21A which is a 7-storey building, completed in 2016, with glass facades. It includes 1-4-bedroom apartments and duplexes. As with all other residential projects in the microdistrict, a complex of amenities is offered to residents – security services, covered parking on the underground floor, central air conditioning system and a children’s play area. Apartments are sold furnished and with fully-equipped kitchens. One can purchase a four-bedroom apartment with an area of 2,830 sq. ft for AED 5,200,000 (USD 1,416,000).
As for off-plan property, investors are interested in Rove City Walk, a project by Emaar Properties located opposite the Coca-Cola Arena. This is an 18-storey apart-hotel that will comprise 340 rooms. Completion of construction is scheduled for the end of 2021. Amenities include a 24-hour coffee shop and minimarket, a gym, swimming pool, solarium, restaurants, cafes and a self-service launderette.
Here one can buy property of 247 sq. ft minimum, with the expected yield of 8%. The starting price for a studio is AED 734,000 (USD 200,000).
Investors will be able to receive 40% of the rental income of their property as part of the hotel fund. A bonus for the owners of such residences is a lifetime right to an annual free stay for two weeks.
City Walk is the third most popular community in Jumeirah among tenants. Prices depend on the size of the residence and how well-equipped they are; some apartments are rented fully-furnished, some only partially.
Apartments in the same Building 21A, which is also popular among buyers, are in high demand. A four-bedroom apartment of 2,830 sq. ft with six bathrooms can be rented for AED 250,000 (USD 68,100) per year.
Building 12 is quite a common choice among tenants. Similar to Building 21A, this is a 7-storey property offering 1-4 bedroom apartments with a wide range of amenities including 24-hour security, parking spaces for each apartment, high-speed elevators, a fitness center with a gym and a yoga area. Furthermore, the building features a swimming pool, sauna and children’s playground. The minimum annual rental price for a one-bedroom apartment in Building 12 is AED 85,000 (USD 23,200).
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