Buying, Selling or Renting Property in Meydan
Meydan City, or simply, Meydan, is one of those newly developed regions of Dubai that are still growing and evolving, which makes them a real estate investor’s paradise. Situated in the Ras Al Khor area of Dubai, Meydan is built on land that is approximately 15,000,000 square feet in size, and the entire development covers over 40,000,000 square feet of gross floor area. The project was first launched in 2007, and the area continues to be developed with several ongoing and future construction projects such as hotels, entertainment venues, clubs, sky-bubble restaurants, IMAX movie theaters, a concourse plaza, towers, a boat-house and various other commercial and residential projects. A sale or investment in Meydan means a win-win for everyone.
Meydan in a nutshell
The Meydan City project was launched back in 2007 at the eve of the Dubai World Cup. What seemed like an ambitious idea at first has now grown into a thriving metropolis with a diverse array of upscale projects. Meydan, the name of the community, actually originates from an Arabic term that means “a meeting place.” The community is the perfect blend of business opportunities, luxury lifestyle amenities, and leisure. It won’t be wrong to say that Meydan is the ultimate suburb you will find in Dubai. Home to globally recognized entertainment facilities and events, this community outshines the other glorious neighborhoods of the city in more ways than one.
The growing popularity of Meydan has given birth to a number of new sub-communities including The Polo Residences, Meydan One, Meydan Heights, Meydan Avenue, Millennium Estates, and The Polo Townhouses to name a few. Designed to represent the modern society, Meydan hosts globally recognized entertainment and sporting events and offers an unparalleled living experience. Here are a few unique features that have helped this community to create its special presence in the map of the Emirates:
- It hosts the Dubai World Cup and the biggest horse racing festival every year.
- It is home to some of the most elite class properties that offer residents a lavish lifestyle.
- It offers a diverse range of residential properties including townhouses, villas, and apartments.
- It is an innovative community that combines residential areas and free-zone businesses.
- It is among the most sought after freehold areas in the city that is being developed as the ultimate residential destination.
Top attractions in Meydan
There is a lot to see and experience in Meydan. While many of the top attractions here were completed long back, others are still being developed and are expected to launch soon. While these projects hold a significant weight on their own, when combined, they increase Meydan’s status and value. The community is going to become more and more popular as each of the proposed and on-going developments is completed. Here are a few noteworthy off-plan and completed attractions in Meydan:
Opened back in 2010, Meydan Racecourse is the most famous racecourse in Dubai. It replaced Nad Al Sheba Racecourse, which previously occupied the site. The grandstand is more than one-mile-long and is capable of accommodating over 60,000 spectators. The racecourse consists of a horse racing gallery, museum, a nine-hole golf course, and a five-star hotel. When it is not being used for racing, the Meydan Racecourse serves as a conference and business center. The track’s interiors have also been used for filming. The 2016 film Star Trek Beyond was shot here!
The Meydan is the first five-star trackside hotel in the world. A part of Meydan Racecourse, the hotel has two race tracks, 285 rooms, and the Grandstand, which also has 72 corporate suites, a racing museum, and several restaurants. The Racecourse district covers an area of 620 hectares, and it is divided into four sub-districts including Meydan Racecourse, Meydan Horizons, Meydan Metropolis, and Meydan Godolphin Parks. World renowned stars such as Lady Gaga, Sia, Janet Jackson, Kylie Minogue, Santana, and Elton John have had concerts at Meydan Racecourse.
Meydan One is a brand new district that is still being developed. It is a project of Meydan One Group Dubai, which is already known for creating the city’s famous horse racecourse. However, there is more to Meydan than the racecourse, and that is what Meydan One is going to show the world. Designed to bring innovation and sustainability to modern living, this community will reshape how we see Dubai. The new district will cover a land area of several million square miles and extend from the desert to the Burj Khalifa. A four-meter long canal connects the Arabian Gulf to Meydan One. That means the district will not only be accessible by private and public transport, but also by water taxis and yachts.
Meydan One will have lots of exciting spots to explore and a range of leisure activities for both residents and visitors. A number of development projects have already been announced and some are being constructed.
Real estate options in Meydan
Considering that Medyan is still being developed, there are plenty of great investment opportunities here. Whether you are looking to buy or rent a residential or commercial property, you are going to be spoilt for choices here in Meydan. When it comes to residential properties, you can choose from a wide range of options including townhouses, villas, hotel towers, and apartment complexes.
If you are looking for apartments for sale in Meydan, there are 1 BHK, 2 BHK, and 3 BHK units available. There are cozy apartments for singletons and new families. However, if you are looking for something more luxurious, you can find spacious and independent townhouses and villas that are built in a series of units. The average selling price of a 3 BHK apartment is around AED 1.2 million. These apartments also come with amenities such as elevators, 24-hour security, fitness clubs, waste management services, and swimming pools.
If you are looking for a larger property with a more lavish feel, you can go for villas or townhouses. The price of a 3 BHK townhouse starts from AED 1.7 million. Such a unit may be 2,000 sq. ft. in size and feature private lawns and spacious rooms. If you are on a tighter budget, you can also go for a 2 BHK townhouse, which can cost an average of AED 1.2 million to AED 1.6 million. Although the major chunk of Meydan’s property market is currently off-plan, you can find some ready-to-move properties if you choose the right real estate agent in Meydan to help you out. Such an agent may also help you land unfurnished or furnished properties in the area.
Real estate agency in Meydan
When it comes to investing in a newly developed area such as Meydan, you can never go wrong with a bit of professional help. Whether you are a seasoned real estate investor or an amateur, hiring a reputed real estate agency such as RiseUp can give you a significant bang for your buck. There are plenty of investment opportunities in Meydan, but finding the right ones can be tricky. If you have not studied the market or seen the ups and downs at a local level, making sound decisions can be especially hard, if not impossible!
That is why it is smart to have professionals backing you at all times. At RiseUp, we have dedicated investment advisors who can guide you on your investment journey. They can tell you when to invest, how much to invest, and which property you should invest in. Furthermore, our team of experienced real estate agents will help you find the ideal properties that will not only fit your budget and affordability, but will also meet your long-term goals. Lastly, RiseUp has an excellent legal team that can handle all the paperwork and the other legal necessities involved in property investment.
No matter what sort of assistance or support you are looking for, RiseUp can offer that. If you are planning to buy or rent a commercial or residential property in Meydan, make sure to give us a call or drop us an email.