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Ever wondered what it would be like to reside at the heart of a commercial district with a huge mall near your home? Wonder no more, for such a place exists in Dubai.
Established by the Al Futtaim Group, Dubai Festival City (DFC) is a place that marries commercial and residential development with a stylish and luxurious community built to make you feel right at home.
This “city within a city” has everything you could ever need – from academic and commercial elements to entertainment and the best shopping mall you could ever find in Dubai.
Interested in this upscale development? This article will help you decide whether you’re on the right track by answering the top four questions you should be asking:
1.What can Dubai Festival City offer?
Dubai Festival City is 5.2 million square metres of mixed-use development. Here, you’ll find commercial, residential, and entertainment spaces, all packed into one glorious neighborhood.
DFC is popular for being one of the most family-oriented and prestigious communities in Dubai. It has many leisure spots built along the Dubai Creek, like the Festival Bay, IMAGINE Dubai, and the Dubai Festival City Mall.
It also encompasses 20,000 residences and freehold properties that can cater to 50,000 residents. This includes apartments, villas, and townhouses built with both traditional and modern architectural styles at Al Badia Hillside Village Dubai, Al Badia Residences, and Marsa Plaza, all of which are available for purchase or lease.
2.What is in the DFC neighbourhood?
DFC is filled with lots of luxurious spots, including a waterfront resort spread over 1,300 acres of land. It also houses the Dubai Festival City Mall, where you’ll find plenty of globally recognised retail brands, along with excellent dining choices and massive cinemas, all rolled into one place.
But more importantly, this luxurious neighbourhood has a family-friendly community that is home to a good selection of supermarkets, schools, and fitness centres.
Schools
The Universal American School and the Deira International School are two international schools that nurture youngsters and future leaders of Dubai Festival City. Both provide world-class education and exemplary learning, inculcating the value of diversity and family in every student.
Al Areesh Club
The Al Areesh Club has everything you could ever want in a perfect community – from a local supermarket to supreme fitness facilities, including gyms and swimming pools. You’ll also find expertly managed entertainment centers that you can visit at your convenience.
3.How easy is it to get around Dubai Festival City?
Transportation is one of the critical factors that affect convenience and luxury in any community, and Dubai Festival City is not short on options for getting around.
For one, several public buses are available, with a couple just outside the DFC Mall capable of connecting to the red line in the Emirates metro station. From there, you can also access the Rashidiya and Airport Terminals 1 and 3 metro stations.
If you prefer to travel by car, you can also find taxis near Hard Rock Café or use car-hailing services close to Dubai Festival City Mall.
You can also avoid the city traffic altogether by travelling via Dubai Water Taxi at Festival Bay; it can bring you to more than 40 water taxi stations across Dubai.
4.What is the expected ROI for a DFC property?
If you think of your home as an investment, you’ll also want to know the potential rate of returns you’ll get.
Here is a breakdown of potential ROIs per property type according to an analysis from Bayut:
- Apartments in DFC can yield an average of 4 percent return on investment.
- Three-bed units have the highest returns at 5.8 percent.
- In second place come two-bed flats with 5.7 percent rental yields.
- In third place are one-bedroom flats with 4 percent ROI.
Based on the report, Al Badia Residences is the most popular neighborhood across the DFC, which now has three phases ready for occupancy.
Why Live in Dubai Festival City?
You’ll find so many reasons why you should choose to live in Dubai Festival City. With complete amenities and a high potential for investment earnings, the place offers everything you could ever want and more.
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