District One West is a new premium complex that is currently at the early stages of construction. This is an exclusive collection of residences comprised of 4 to 6-bedroom villas and 7-bedroom mansions. The large-scale project is being implemented by Meydan Group, a multi-profile organization that has been enhancing the Dubai cityscape with its iconic developments for dozens of years.
The project boasts a prime location in Mohammed Bin Rashid City (MBR City), a popular and picturesque district with extensive facilities. The floor area of local properties will vary from 649 to 1,594 m2. The design of the complex makes sure that the residents can satisfy most of their needs without setting foot outdoor.
District One West is designed as a mixed-use kids-friendly space aimed at satisfying the needs of every family member. It will feature various amenities for children, including a playground, as well as a wide range of communal-use facilities for adults and all ages. The residential project will have the following advantages:
2 and 3-storey houses within this premium complex will be built in a contemporary architectural style. The exteriors of villas and mansions feature a monochrome colour scheme, floor-to-ceiling windows, spacious balconies, and terraces with glass balustrades.
The elegant interiors match the outside appearance and boast a high-quality finish with materials such as marble and wood in neutral colours. The meticulously designed system of artificial lighting and massive windows allow plenty of daylight into the living quarters. The stylish and functional floor plans feature an open-plan kitchen, a dining area separating it from the living room, spacious bedrooms with private walk-in wardrobes, and other carefully designed spaces.
While the project is at the early stages of construction, local properties are offered at reduced prices. 4-bedroom villas currently cost upwards of AED 7.5 million (USD 2 million), 5-bedroom homes sell for AED 11.5 million (USD 3.13 million) or more, while 6-bedroom residences are worth upwards of AED 16 million (USD 4.35 million). A 7-bedroom mansion costs AED 45 million (USD 12.23 million) or more. As the construction approaches completion, premium properties will become more expensive, so closing the deal right now will generate guaranteed capital gains. Investors can also be sure of a stable rental income of AED 800,000 (USD 218,000) per year. The return on investment in a villa may thus reach 10% per annum.
Meydan Group is a diversified organization established in 2010 to support the concept of the Dubai ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the UAE. One of the company’s first signature projects is the Meydan Racecourse that includes a 2,400-metre turf race track and a 1,750-metre dirt course. The portfolio of Meydan Group also includes a wide range of residential properties, i.e., townhouses, villas, mansions, apartments, and other property types, which are incredibly popular among investors and regular home-hunters due to exceptional quality, state-of-the-art design, numerous amenities, and prime locations.