Properties for Sale in Dubai Festival City

Dubai Festival City is a mixed-use community located in Dubai. The area consists of residential and commercial buildings, as well as leisure facilities and entertainment venues. The community covers an area of 5,200,000 sq. m. and is situated along Dubai Creek. Residential real estate includes mid-rise apartment buildings and villas that are surrounded by green areas, retail stores, and fitness centres. Buildings have a mix of Mediterranean and Arabian architectural styles that blend modern and traditional designs.

The area is known for having many international hotels, such as InterContinental, Crowne Plaza, and Holiday Inn, which attract visitors from all over the world. Many of the five-star hotels have conference rooms, lounges, landscaped areas, swimming pools, spas, and Michelin-starred restaurants. Rooms include suites and serviced apartments.

Dubai Festival City offers excellent transport accessibility. Residents can take advantage of local bus stops. Residential buildings have underground and street parking, and each villa has a garage for two vehicles. The nearest major thoroughfare is Nad Al Hamar Road, which provides easy access to other parts of the emirate.

The community has its own shopping centre called Dubai Festival City Mall. It is located on the waterfront and has more than 500 retail stores, including famous boutiques, as well as some of the city’s largest supermarkets, such as Kadooli, Carrefour, Abu Hail, and Choithrams. Residents can choose from a wide selection of restaurants and cafes that have outdoor terraces near the water.  A few popular restaurants include Hard Rock Café, Motomachi, Al Fanar, and Bateel.

Residents with children can take advantage of nearby educational institutions. Universal American School offers a comprehensive curriculum that follows American education standards, and Deira International School uses a British programme. For medical care, residents can go to various facilities in Dubai Festival City, such as Smile Spa Dental Clinic, Al Badia, Dubai London Clinic, and Al Sultan.

Dubai Festival City is considered to be one of the most popular neighbourhoods in Dubai. It attracts visitors and permanent residents. The secret to the project’s success is its convenient location along the picturesque Dubai Creek, and most of the residences have a view of the water. The community also has many entertainment and sports facilities to ensure that residents have an interesting and active lifestyle.

The area offers many profitable real estate investment opportunities. Properties can be purchased to subsequently rent out, which can generate a stable annual income. The average return on investment rate for units in the area is 5.3%. Three-bedroom apartments have the highest return rates of 5.8% and an annual rental rate of approximately AED 160,000 (USD 45,000).