Transport links are always an advantage for investors looking to put their money into real estate in any city, and Dubai is no different.
The UAE’s national rail network, Etihad Rail, recently marked 75 percent completion of Stage 2 of its network, and the added connectivity is drawing the eyes of property investors and owner-occupiers who will now have the option of buying affordable villas and apartments a slight distance away from the city.
Etihad Rail aims to link the UAE’s centres of trade, industry, and population, and will provide passenger and freight services.
With the Etihad Rail line proposal released, Allsopp & Allsopp has now put together a guide to average sales prices in the communities that the rail line connects.
This offers investors the opportunity to take advantage of the current prices before an expected increase when the rail line opens.
The Etihad Rail line runs through a number of Dubai’s already well-sought-after areas such as Al Furjan, Reem Mira, Arabian Ranches 2, Mudon, Damac Hills, Arabella, Town Square, and the East and West portions of the Green Community at DIP.
Al Furjan and Arabian Ranches 2
In Al Furjan, the average sales price of an apartment as of May 2022 is AED 595,187 and the average sales price of a villa is AED 2,100,000.
In Arabian Ranches 2, a villa can be purchased for, on average, AED 5,560,000.
In Damac Hills, an apartment can be purchased for an average price of AED 941,250 and villas in the area are selling for an average price of AED3,730,000.
Damac Hills offers residents 4000 square feet of parkland, running tracks, and outdoor exercise equipment.
The area is very pet friendly, and you will catch dog owners walking with their pets through the winding parks.
Trump International Golf Club is located in Damac Hills and is a very well thought out, challenging course. The course is flood-lit and is open from 6.30 am – 9 pm.
Green Community at DIP
At the Dubai Investment Park’s Green Community East, a villa can be purchased for an average price of 3,232,500 and in the Green Community West, villas can be purchased for AED 3,575,000.
Green Community East and West are well-established communities in Dubai with bungalows, townhouses, and villas that are completely surrounded by mature landscaping.
Mudon and Mira
In Mudon, the average price of a villa is AED 2,795,000.
In Mira, a villa can be purchased for an average price of AED 2,296,500.
The Mira community also has a football group, a yoga group, and a dog walking club for residents to get together, enjoy activities, and make new friends.
The Al Qudra cycle track is only a short drive from Mira and offers fitness and cycling enthusiasts the opportunity to ride the 85km uninterrupted loop.
In Town Square, the average sales price of a villa is AED 1,926,000.
The Town Square community offers clean, modern, spacious living with all day-to-day amenities on the doorstep.
The community has a firm focus on family life with lots of activities for children. As a result, families from all over Dubai gather in Town Square for a family day out.