Dubailand is steadily becoming one of the most coveted residential zones in Dubai. Dubailand is majorly known for its popularity as a tourism and entertainment hotspot. However, residential prospects are fast picking up here and investors are splashing out on affordable property options in Dubailand. Several expats, tourists and investors are choosing properties in Dubailand including the likes of Damac Golf Vita. Dubailand is a major entertainment and tourism complex that is being developed rapidly.
Dubailand has evolved towards being a residential area apart from a theme park. Dubailand is projected to be one of the biggest leisure zones globally and is located towards the east and south of the vital Sheikh Mohammed Bin Zayed Road. The project was announced in the year 2003 and has been witnessing swift development ever since. The approximate cost for the project is close to AED 65 billion. The project will encompass 3 billion sq. ft. and will help in positioning Dubai as a major tourist hub worldwide.
Long-term investors can snap up affordable properties in Dubailand with average prices being pretty reasonable in comparison to other well-established locations in Dubai. The theme park is a major attraction along with the Dubai Sports City and Snowdome. It goes without saying that rental yields are robust here along with good access to social infrastructure. Comparative affordability has scaled up the popularity quotient of Dubailand in comparison to more expensive areas like Dubai Marina and Downtown. Several affordable apartment projects are drawing investors to Dubailand and other suburbs.
Demand is high in Dubailand when it comes to studio apartments and one bedroom units as well. It is a coveted location as far as rentals are concerned and there is scope for incredible future growth including several resorts, clubs, retail zones, hotels, golf courses and lots more. Motor City in Dubailand is one of the most preferred communities here for its proximity to restaurants, stores and educational institutions. Dubailand will witness several connectivity and road improvements and this will spur future growth tremendously. Several projects are expected to be completed here by the 2020 Expo.