Dubai Healthcare City (DHCC) is a Free Economic Zone (FEZ) that was created in order to provide high-end healthcare facilities, medical teaching centers and investment opportunities to foreign investors and medical professionals. In 2002, DHCC was established by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, with the main goal of the project being to develop medical tourism in Dubai, and make it an attractive place for visitors. The construction work was carried out by Tatweer, a subsidiary of Dubai Holding, and the district is currently under the control of the Dubai Technology and Media Free Zone Authority (DTMFZA).
In general, Dubai Healthcare City consists of two communities – the Medical Community and the Wellness Community, with a total area of 4,090,285 sq. ft. The first zone is home to medical centers, branches of global pharmaceutical companies and educational organizations. In the second zone, recreational services are centralized, as well as the development of the hotel business and retail trade. Thus, the district brings together a wide range of services in the fields of health care, medical equipment, education, research, pharmaceuticals and wellness, as well as providing related support through its strategic partnerships and adapts innovative concepts from all over the world in all of these areas. Additionally, within the framework of this mega-project, there are also commercial and residential complexes.
Real estate in Dubai Healthcare City consists of mainly low and mid-rise residential buildings with modern studios and 1-3-bedroom apartments. In most buildings, there is 24-hour security, a shared outdoor swimming pool, an indoor gym and terraces. Some of the apartments are full-furnished and ready to move in.
N.B. About 90% of the district’s population are foreign nationals, many of whom are young or highly paid healthcare professionals. There are different types of licenses available for obtainment of projects in DHCC: service, industrial and commercial.
Residents of Dubai Healthcare City enjoy a range of benefits, from good property prices to ease of living an active and healthy lifestyle, thanks to the close proximity of many hospitals, clinics and wellness centers. This district is a combination of medical facilities, shops and restaurants, leisure facilities, modern apartments and a tranquil environment.
Dubai Healthcare City has a well-developed infrastructure as several public RTA buses run throughout the area, both day and night. Taxis are also fairly common in the area, with Careem and Uber pick-up services being in high demand among both residents and medical patients.
Facilities and services:
Dubai Creek Park is a popular attraction and is one of the most famous parks in Dubai, as it is the second largest (10,333,354 sq. ft) after Mushrif Park. Residents have the opportunity to visit the local planetarium as well as riding along the Dubai Creek. Visitors and residents can visit other interesting places and areas of Dubai by water taxi or, as it is also known as, the wooden dhow, from the stations situated along the Dubai Creek. It is worth noting that the park also has three helipads, a communications center, water coolers, an ambulance room and several places specifically designated for outdoor picnics.
Creek Park Dubai also features:
Since Dubai Healthcare City is a free economic zone, it provides a number of benefits for investors who are planning to start a healthcare business. Business registration takes place in several stages and depends on the type of license that the company obtains, for instance, a commercial, medical or service license. Due to its location, just 10 minutes’ from Downtown Dubai, this type of project is definitely a safe option for anyone looking to make a profitable long-term return on their investment.
The average purchase price for a property in Dubai Healthcare City starts at AED 450,000 (USD 122,500) for studio apartments. The price for a two-bedroom apartment starts at around AED 2,500,000 (approximately USD 680,700).
The average annual rental price for real estate in Dubai Healthcare City vary as follows:
There is also the possibility of renting a hotel apartment The annual cost of which is approximately:
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