Mohammed Bin Rashid Al Maktoum City
Mohammed Bin Rashid Al Maktoum City, known as MBR City, is one of the largest multifunctional facilities in the Emirate of Dubai, the construction of which began in 2012.
City. MBR City district is named after the Vice President and Prime Minister of the UAE and the current Ruler of Dubai - His Highness Sheikh Mohammed bin Rashid Al Maktoum.
In total, MBR City plans to build 26,400 residential facilities with its own monorail connecting the area with two international airports.
Also included in the project are: The Mall of the World shopping complex with the world's largest swimming pool, hospitals, schools, hotels, sports centers.
Mohammed bin Rashid Al Maktoum City includes both Meydan City and the more limited residential development area District One by Meydan Sobha. The developer of this area offers real estate for purchase exclusively as an investment opportunity. Also, an extended off-plan payment plan for the purchase of real estate is included here. The construction is carried out in 3 main styles — modern Arabic, Mediterranean and in a universally modern architectural style.
The amount of net profit from investments in housing on average for MBR City is estimated at at least 8%, plus developers also offer a number of discounts and bonuses.
In addition to residential and commercial facilities, the District One gated complex includes a 7-kilometer lagoon, the world's largest artificial beach with 14-kilometer embankments for walking, 1,500 villas and a 350,000 sq. m. water park. Also, District One covers 4 million sq. m. of primary land located in the Leasehold category, located along the Al Khail highway.
The economic attractiveness of the district
The Mohammed bin Rashid Al Maktoum City project offers opportunities to attract entrepreneurs and stimulate innovation, as well as connectivity to downtown Dubai and Business Bay.
The most impressive is that it boasts a complex with the lowest population density, where more than 65% of the land (1,100 acres) are designated for green spaces.
Flexible payment plan for real estate in most off-plan projects offers buyers economical bank financing of up to 80% for both finished and under construction projects. Also, an extensive range of solutions and schemes for financing the purchase of housing is included.
In November 2012, the ruler of Dubai, Mohammed bin Rashid Al Maktoum, announced the creation of what he called a new "city" in Dubai. The complex was supposed to contain four components:
Family tourism, including a park created in collaboration with Universal Studios, with an annual capacity of 35 million visitors and more than 100 hotel facilities, the largest family recreation and entertainment complex in the Middle East, Africa and the Indian subcontinent;
Retail trade with the largest shopping center in the world Mall of the World;
Art, including the largest area for art galleries in the MENA region; and
Entrepreneurship and innovation.
The drawings show that the land allocated for the development will be bordered by Emirates Road, Al-Khail Road and Sheikh Zayed Road. The complex will also include Mohammad bin Rashid Gardens and residential complexes Downtown Dubai, Burj Khalifa and Business Bay.
In 2013, Meydan and Sobha began construction of District One, a luxury low-density residential complex in MBR City, as the first stage of development. Crystal Lagoons has also begun construction of a 40-hectare lagoon, the world's largest artificial lagoon in the world.
In 2019, a 7-bedroom villa in District One was sold for 90 million UAE dirhams (US$24.5 million), making it the most expensive property sold in Dubai.
