A new addition of luxury villas, On the Lagoon is coming soon to one of the most expensive and prestigious communities in Dubai – District One in MBR City. Premium residences with 5 and 6 bedrooms will be available to buy to end-users and investors. During the previous launch, the units were sold out within the first day after the initial announcement. Meydan Sobha is expecting the same tremendous response from homebuyers and investors the second time around.
The architectural concept of the villas are all about minimalism with clean and refined lines. Combining state-of-art design with modern functionality, these homes are the epitome of refinement and style.
Homeowners will have easy access to nearby amenities such as The Meydan Racecourse and Grandstand, The Track 9-hole golf course, The Meydan 5-star hotel and the future Meydan One Mall, due for completion in Q4 2021. The Mall will feature over 100 food and beverage outlets, a 21-screen cinema with a food court hosting an additional 20 outlets, as well as a 656 ft Central Canyon flanked by a collection of both luxury and highstreet flagship stores.
District One, by the master developer Meydan Sobha, is an ultimate residential destination, primarily known for the stunning man-made Crystal Lagoon. Over 65% of the area is dedicated to open green spaces. Its strategic location means you can get pretty much anywhere in Dubai within 20 minutes and is just a short drive from the world’s tallest tower, the Burj Khalifa and all the amenities of Downtown Dubai.
Based on data from the Dubai Land Department, half of the most expensive transactions were made in District One in 2020. This data showed that a villa in Cluster C of District One was purchased for AED 60M, USD 16.3M, becoming the third costliest residence sold in Dubai last year. This purchase was followed by three villas in the same area, each priced between AED 55M(USD 15M) to AED 58M(USD 15.8M).
Sign up for our weekly newsletter for market updates!