Madinat Badr
About the project
Madinat Badr is an apartment complex located in Mirdif district. It belongs to the Al Muhaisnah community and will be the first of five residential buildings in the community. The developer is Nakheel. There are 1, 2 and 3 bedroom apartments.
Apartments in Madinat Badr cost AED 1,000 (USD 272) per sq. ft. The average price for a one-bedroom apartment of 923 sq. ft (85 sq. m) is AED 1,000,000 (USD 272,242).
*The price is valid for 2020
The residences are designed in a Mediterranean style. The layout of the apartments includes spacious balconies, wide terraces and kitchens equipped with modern appliances. The windows offer views of the surrounding scenery.
Residents of Madinat Badr have access to the following amenities: sports fields, a public swimming pool, a fitness center, a shopping center and a park.
Location
Madinat Badr is located at the intersection of Sheikh Mohammed Bin Zayed Road and Al Nahda Street. The main advantages of the complex are the well-developed infrastructure and convenient transport links.
Mirdif area has everything you need for a comfortable lifestyle. There are restaurants, stores, sport facilities, a kindergarten, a school, a medical clinic, a supermarket, park and mosque.
Dubai Mall is a 15-minute drive away, Burj Al Arab 25 minutes, The Palm Jumeirah artificial island and The Walk JBR are 30 minutes away. Dubai International Airport is just 5 minutes from Madinat Badr.
Payback
The average gross return on an investment in real estate in the Mirdif area is 4.7%. The average annual rental value of the apartments is AED 42,000 (USD 11,434).
Based on these figures the net annual rental return for apartments in Madinat Badr could be AED 35,300 (USD 9,610). Given the current prices of residential real estate, the purchase should pay for itself within 25 years.
We expect District Mirdif to grow and actively develop in the near future, and become more attractive to investors. As a consequence, the payback period of apartments in Madinat Badr will be significantly reduced.
*The price is valid for 2020
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