Sales trends in Masdar City: A guide to investing in the environment friendly district of the capital
Located at the immediate southwest of the Abu Dhabi International Airport is the futuristic community called Masdar City. Since its launch more than a decade ago, the mixed-use development has garnered interest from real estate investors, and potential homeowners alike, especially when it comes to Masdar City apartments for sale.
Developed as a sustainable city, the community has a lot to offer to residents, professionals and tourists. Today we provide an analysis of the sales trends in Masdar City for those interested in investing in the area.
INVESTING IN MASDAR CITY
There are several reasons you can consider when it comes to buying a home in Masdar City. As the UAE’s leading sustainable project, Masdar City offers unparalleled environmental-friendliness. Whether you are opting for apartments for sale in Masdar City or want to invest in villas and townhouses, all residential properties in Masdar City combine traditional designs with modern technology.
One of the things to be aware of while investing in Masdar City is that it’s not uncommon to see solar panel roofs on top of most buildings. Doors and exterior fittings feature palm wood, a sustainable alternative to the widely used hardwood. Moreover, there are motion sensors at key points within the homes to automatically turn-off features like lights and water taps if there is no activity. This not only conserves power but also brings down the cost of living in Masdar City.
In addition to this, one of the key benefits of living in Masdar City is that the community has all the facilities required for a comfortable lifestyle. These include schools, universities, medical centres, supermarkets and even a shopping mall. Recreational places include Masdar Park. Not to mention, the community is located close to Khalifa City and Yas Island, which means other amenities are also within easy reach.
PROPERTIES FOR SALE IN MASDAR CITY
The project features an interesting portfolio of residential properties including luxurious villas, townhouses and apartments in a variety of layouts. The wide array of properties make the community ideal for individuals, couples and families.
Before making the investment though, you need to weigh the pros and cons of Masdar City. But in any case, Masdar City also offers healthy opportunities for real estate investors. In fact, you can expect a return-on-investment (ROI) of 8.5% from projected rental yields when you buy Masdar City apartments. Here’s a look at Masdar City home-buying trends for 2019.
TOP 3 BUILDINGS TO BUY APARTMENTS IN MASDAR CITY
Masdar City is among the top five areas in Abu Dhabi to buy apartments, according to the Abu Dhabi Q3 2019 Market Report. A true real estate buyers market, Masdar City offers you a wide range of properties. You can currently choose from a wide selection of studios to 3-bedroom flats for sale in Masdar City.
As already noted, Masdar City apartment buildings combine traditional Arabic architecture with technology to promote a green lifestyle. Here is a look at the three apartment complexes that currently dominate Masdar City sales trends.
OASIS RESIDENCES
The most popular place for buying apartments in Masdar City, Oasis Residences, is a newly built residential complex. Interested buyers can choose between studios, 1-bed, 2-bed and 3-bed flats. Fitness facilities in the building include separate gyms for men and women with state-of-the-art equipment.
The gym also provides nice views of the mangroves. Other facilities include swimming pools and Jacuzzis. While apartments for sale in Oasis Residences attract all kinds of buyers and investors, families especially will be interested to know that the building has a school, park and beach nearby.
Buying a studio apartment in Oasis Residences would cost you around AED 535k. The prices increase progressively as you move to larger apartments. For instance, 1-bedroom apartments for sale in Oasis Residences are available for AED 765k to AED 850k. 2-bed units for sale in Oasis Residences are priced even higher – around AED 1.2M.
LEONARDO RESIDENCES
The second residential development on our list is Leonardo Residences. This building enjoys a central location in Masdar City near the Masdar Institute and International Renewable Energy Agency (IRENA) Headquarters. Residents of these apartments are close to the expansive ‘green belt’ of the community with various recreational facilities.
The six-storey building consists of more than 150 apartments ranging from studio flats to 3-bedroom units. Facilities include covered parking as well as a recreational area on the ground level featuring a swimming pool, gym, kid’s play area and BBQ area.
Also, each apartment is fully furnished and features impressive interior designs. The apartments are complete with balconies overlooking the community. Prices range between AED 500k for the studios for sale in Leonardo Residences to AED 2.2M for 3-bedroom apartments.
AL MAHRA RESIDENCE
Ranking third on our list is Al Mahra Residence, a project of SIADAH International Real Estate Development. The project consists of two mid-rise buildings with a total of 300 residential units. These Masdar City apartments for sale come with views of the central boulevards of the neighbourhood.
This residential development also features a range of apartments with sustainable designs. Homeowners can expect handover on Q2 2021, which gives a good chance for investors to book flats in advance. Prices for 1-bedroom flats in Al Mahra Residence start at AED 750k, while 2-bedroom and 3-bedroom flats for sale in Al Mahra Residence cost AED 1M+.
TOP AREAS TO BUY TOWNHOUSES IN MASDAR CITY
As we continue the discussion on sales trends in Masdar City, note that the community also features a line-up of lavish villas and townhouses, also infused with green technologies. These will especially appeal to those seeking larger living spaces. Here is the best place to buy Masdar City townhouses.
OASIS RESIDENCES
The aforementioned project also features sky villas and townhouses. You can buy 3-bedroom townhouses in Oasis Residences starting from AED 880k. The sales prices for these Masdar City villas for sale can go as high as AED 1.8M. Facilities include parking and 24-hour security and maintenance, as well as proximity to mosque, jogging track, beach, medical centre and bank.
You should also consider the fact that while many residential and commercial projects have been set up in Masdar City, the community is still developing and you can expect a wide range of properties and amenities to surface soon. All this reiterates the fact that as a home buying market, Masdar City is a promising venture for real estate investors.
This concludes our analysis of the sales trends in Masdar City. Overall, the property market of Abu Dhabi offers a variety of investment options. For instance, those who prefer a beachfront lifestyle can consider investing in Al Raha Beach. Expats can also look at the best freehold areas in Abu Dhabi.
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