Located in Dubai Hills Estate
Dubai Hills Estate is one of the most popular areas to reside in Dubai, with a mixed-use infrastructure, and great overall amenities. The project launched in 2014 and is a joint venture of two holding companies – Emaar Properties and Meraas Holding. This was the first phase of construction for the Mohammed Bin Rashid City district (MBR City) and is a “city within a city” due to the huge scale of the project. The total built-upon area is over 118 million sq. ft, where it is proposed to accommodate over 100,000 residents in over 30 blocks. Most of the area is set aside for vast landscaped parks and gardens, outdoor areas and a 177,165 ft cycling track. The project comprises property such as a commercial centre, hotels and hotel apartments, townhouses, mid and low-rise complexes as well as residential land plots, which are located on an area equal to 200 football fields. It is evident that no other community in the region can measure up to such size.
According to the master plan, Dubai Hills Estate is an extensive residential complex, which is essentially divided into three zones:
It is worth noting that Dubai Hills is very popular among families with small children, as the area has four schools, a vast park with playgrounds, volleyball court, tennis court, skate park, bike paths, swimming pools and landscaped recreation areas with hammocks. As for young professionals who prefer a lively social life, this is a place where they can relax and escape their daily routine.
British education institutions are located just 10 minutes from Dubai Hills Estate, offering learning programmes from Foundation Stage (FS1) to A / AS-Levels. Other nearby schools follow the IB and US curricula from preschool to grade 12.
The nearest CBSE schools are on Al Khail Street. There are many other schools nearby in Al Barsha and Al Barsha South, including the American School of Creative Sciences, kings’ School Dubai and Dubai Heights Academy.
Dubai Knowledge Park, known as an educational hub and is about a 15 minutes’ drive away and is home to multiple universities and colleges.Well-known options include universities such as Bradford, Wollongong and Middlesex.
King’s College Hospital is located within the Dubai Hills Estate next to the Al Khail Road exit and entrance. This is a new British medical center that opened in 2019. The hospital is a large 100-bed facility with a surgical department specialized in orthopedic pediatrics. There is also Mediclinic ParkView Hospital located on Umm Suqeim Street, Al Zahra Hospital and Saudi Arabia Hospital in Al Barsha. In the surrounding area, one can also find several branches of Aster Clinic as well as many large pharmacies.
As Dubai Hills Estate is very popular with investors, the area attracts many families and young couples due to its proximity to the city and the area having a wide range of amenities closeby. As such, sales trends in Dubai Hills Estate have risen over the past few years with those looking for a more secluded home having a wide range of villas to choose from. In the enclaves of Dubai Hills Grove and Dubai Hills Views, there is a limited number of luxury villas without finishing, ranging in size from 24,993 to 29,999 sq. ft with property owners able to customize interiors and fittings according to their own preferences.
In 2019, the Park Heights Mulberry, Acacia residential complexes and the townhouses in Maple, had already been commissioned. The first two phases of Sidra Villas I and II, Parkway and Fairways were also completed in 2019 with the third phase of Sidra Villas successfully completed in 2020.
However, the area is still under construction and is expected to be fully completed in 2022. Because of this, the possibility of investing in off-plan real estate with a more profitable payment plan directly from the developer remains available for buyers. Those planning to buy a ready to move in property, will face possible temporary difficulties due to current construction work, as well as an under-developed infrastructure and a limited range of amenities, but this will change once the district is complete.
Dubai Hills Estate offers several types of properties for both sale and to rent. According to Bayut’s 2020 Annual Rental Report, Dubai Hills Estate ranks as one of the most popular cottage communities in Dubai for luxury villa rentals. This tendency continued in 2021.
When buying property in Dubai Hills Estate, the ROI is 5.2% per annum for 1-bedroom apartments, 5.1% and 5% for residential units with 2-3 bedrooms. Larger units with 4-5 bedrooms generate an average ROI of 4.9% and 4.4%, while 6-7BR villas generate ROI of 3.8% and 4.3% respectively.
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