Nad Al Sheba - Dubai - Al Wasl

Meydan City, an ambitious development project in Dubai, UAE, has its roots in the vision to transform the area into a top-notch hospitality and lifestyle destination. This vibrant district is renowned for the iconic Meydan Racecourse, which hosts the prestigious Dubai World Cup, the world’s richest horse race. Geographically, Meydan City is strategically located just minutes from the heart of Dubai, offering easy access to the city's financial and business hubs. Notable historical sites and the stunning Dubai skyline contribute to its allure as a prime luxury real estate market.

Luxury Real Estate Market in Meydan City

The exclusive property market in Meydan City is currently strong, driven by robust demand that exceeds the supply of luxury homes and apartments. The district's appeal to high-net-worth individuals is bolstered by its stability amid the strong political and economic climate of the UAE. Buyers typically pay a real estate commission of 2% on average, while sellers are generally accountable for a 2% commission as well. It's essential to consider additional costs when purchasing a luxury property, such as a 4% transfer tax and various fees for notary services and legal consultations.

Financial Considerations and Requirements

Meydan City's mortgage landscape generally allows for financing up to 80% of the property's value for residents, subject to income and financial standing. Non-residents might face different requirements, with a more conservative loan-to-value ratio. While there is no wealth tax on property in Dubai, it’s important to note that selling a second home or vacation property may incur capital gains tax depending on the circumstances.

Prime Locations and Living Experience

Renowned for its opulence, Meydan City hosts some of the most exclusive and sought-after areas, including Meydan One and the lagoons, which offer waterfront living. The district enjoys seamless connectivity via Sheikh Mohammed Bin Zayed Road and Al Khail Road, providing quick access to Dubai's business districts and attractions. The nearest major city, Dubai, is merely a short drive away, while Dubai International Airport, offering extensive global connections, is within close proximity.

Education, Healthcare, and Environment

Meydan City is part of the Dubai Province and enjoys the support of a burgeoning infrastructure. Situated in a dynamic environment with beautifully landscaped areas and water features, it offers a blend of luxury and nature. Excellent educational institutions, like the North London Collegiate School and Hartland International School, are nearby, along with world-class healthcare facilities like the Mediclinic City Hospital and Emirates Hospital.

Leisure, Shopping, and Culture

Meydan City provides an abundant selection of leisure and sports facilities, from the famed Nad Al Sheba Golf Club to the integrated sports centers for equestrian enthusiasts. The area is also a shopping paradise with options like Meydan One Mall, set to offer luxury retail experiences like no other. For dining and entertainment, discerning residents can indulge at renowned venues such as The Meydan Hotel, known for its high-end restaurants and an exciting nightlife scene. Cultural pursuits can be fulfilled at nearby venues like the Dubai Opera and galleries hosting international art exhibitions. With its luxurious offerings, Meydan City is a hub for those seeking an elite lifestyle in a vibrant, strategically located community. The city's infrastructure and amenities cater to a sophisticated clientele, promising a living experience that combines comfort, convenience, and class.