Mohammed Bin Rashid City: The Master Plan So Far
    Global WealthNovember 21, 20153 min read

    Mohammed Bin Rashid City: The Master Plan So Far

    Three years after it was announced, Mohammed Bin Rashid City is taking shape. A review of its districts, progress and what it means for buyers.

    Luxury Property Specialist

    Forbes-featured expert in ultra-luxury real estate. Elena has facilitated over AED 2 billion in prime property transactions for European and Russian clientele.

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    Mohammed Bin Rashid City, announced in 2012, is one of the largest development initiatives in Dubai. Spread across a large area between Downtown, Meydan and Al Khail Road, it brings together residential communities, parks, retail and leisure in a series of districts. Three years later, several parts are under construction.

    Key components

    • Dubai Hills Estate: a golf-course community with homes and parks.
    • Meydan: residential and leisure around the racecourse.
    • District One and other communities: villas and waterfront homes.
    • Retail and leisure: malls, parks and recreational facilities.

    Progress

    Infrastructure is being built and several residential projects are under way. Some components have changed or been rephased since the original announcement.

    Why it matters

    MBR City extends the centre of Dubai and offers large-scale family communities close to Downtown. It could become one of the city's most important residential areas.

    Considerations for buyers

    Buyers should consider the progress of the specific project, the developer, the timing of amenities and how the surrounding area will change as construction continues.

    Risks

    Large master plans evolve. Buyers should focus on confirmed projects with clear delivery plans.

    How large master plans evolve

    Master plans on the scale of Mohammed Bin Rashid City rarely unfold exactly as first announced. Market conditions change, priorities shift and individual components are redesigned, rephased or reassigned to different developers. Some elements may be delivered earlier than expected, while others are delayed or replaced. This is normal for very large projects and does not mean the vision has failed. For buyers, the practical lesson is to focus on what is registered, funded and under construction, and to treat future components as possibilities rather than certainties. Buying a home that is attractive on its own merits protects investors from changes elsewhere in the master plan.

    Our view

    MBR City is a long-term vision that is gradually becoming reality. We help clients identify the projects within it that offer the best combination of location, quality and value.

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