During the past two years Meydan has emerged as most preferred for investment in Dubai, because of its central location and close proximity to the Downtown, DIFC and Academic City. The first thing that springs to mind about Meydan, without a doubt, is the racecourse. But the area is much larger – nearly half of the entire Mohammed bin Rashid City.
Property prices in Meydan are neither of the cheapest, nor of the highest in Dubai. You should not expect some “incredible deals” or 12% guaranteed return on investment, but rather good value for money home buying opportunities.
Townhouses are very popular choice for young people when it comes to setting up their first family home. Unfortunately until now, the affordable townhouses in Dubai have been built mostly on the outskirts of the city. Since 2015, a few property developers have been introducing gated communities comprising of townhouses in Meydan, but their price range is nearly double in comparison to the options we are highlighting here. So far, the lowest price for a 3 bedroom townhouse was approximately 2.5 million, while on the higher end it may reach even 5.4 million for a home with four bedrooms.
Now that “affordability“ has become the new driver behind the local real estate industry, some property developers are redesigning their luxurious and expensive projects to match the demand of average people in a need of a home in Dubai.
Therefore, we are able to offer to your attention 2 bedroom townhouses in Meydan with starting price from AED 1.39. And this is not a small home as it stretches over 1,625 sq ft, and it has a garden and private parking. There are also a few luxuries incorporated in the design that are usually associated with larger and much more expensive homes. These include maid’s room, walk in closet, patio and balconies in front of each bedroom.
As you can see on the floor plan below, the typical townhouse comprises of two floors. An open plan living area with modern kitchen corner occupies the entire first floor, while on the upper level are situated two bedrooms, each one en-suite with a bathroom.
If a two bedroom townhouse might be small for your preferences, 3 bedroom townhouses are also available for purchase in the same gated community. Understandably, these homes are larger – 2,032 sq ft. The prices are also higher, starting from 1.75 million. But for a family with two or more children, home with three bedrooms will be definitely far more comfortable.
The larger townhouses are also being build with maid’s room, private parking for two cars and all other features of a modern and comfortable home.
These newly launched gated community in Meydan will be completed in the third quarter of 2020. Hence, to buy a home is still relatively easy because the developer offers payment plan which comprises of a few installments. Forty percent of the total price must be paid during the construction period. The balance should be arranged for at the time of handover in the form of a mortgage loan, or in cash. You can always pay the total amount upfront, if you prefer to do so.
The first payment is equal to 10% of the total price. At the time of booking, buyers should also provide for the Dubai Land Department registration fee in order to obtain Oqood under their names. The next three installments are spread over two years and each one is equal to 10%.
Ideal for young families who aim to stay near the center of Dubai, these townhouses in Meydan are easily affordable and that’s why there are only a few still available.
If you might be looking for such home, please enter your contact details below in order to be contacted by a dedicated real estate consultant who will provide you with comprehensive information.