Out of the numerous upcoming property hotspots in Dubai, Sports City has definitely taken the real estate market of the Emirate by storm! Demand has increased considerably in Dubai Sports City amongst families and professionals and why not! Sports City offers a more relaxed way of life and comparative affordability of residential housing units as compared to several other zones in Dubai. This is one community that is more pedestrian friendly and residents vouch for the sheer sense of relief as compared to Sheikh Zayed Road’s constant traffic. Dubai Sports City was first built in the year 2008 and is a neighbourhood themed around sports, being one of the hubs for some of the largest global cricketing events and also some of the world’s most popular musical shows featuring the likes of Drake and others.
Dubai Sports City has now become a serene residential destination for locals and expats alike.
The Dubai International Cricket Stadium is the major landmark in the zone and is named ring of fire. This has seating capacity for 25, 000 people and is already in its 8th operational year. The entire neighbourhood already has 1, 183 residential complexes inclusive of 1, 144 villas and 39 towers along with townhouses. The area is known for offering a more relaxed community feeling and there are top events going on regularly. Those who love walking vouch for the pedestrian-friendly nature of the roads. There is lower noise and traffic congestion, particularly on the weekends since the area is located a little away from the coast.
People can commute better with improved connectivity and home prices and rentals are lower here too. The Canal District is another central landmark which should be completely developed by November next year and is a 15m wide, 1.2 km long manmade canal which has four bridges connecting promenades situated on both sides of the waterway. Dubai Sports City is also witnessing a flurry of projects coming up with the eventual vision being 103 residential towers, 1, 254 villas and townhouses and a population of 70, 000. 15, 000 people live here currently as per estimates.
Dubai Sports City also offers rental yields consistently between 7-8.7% annually with prices touching Dh890 per square foot on an average. This makes it one of the best investment destinations for real estate considering the decent yields on offer and consistent track record. Hessa Street is only two minutes away and this directly connects to the Sheikh Zayed Road and everything else is also within commutable distance by car.