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Dubai Health Care City Phase 1 area in Dubai - prices, rents and cap rates

Cap rates for projects in Dubai Health Care City Phase 1 area in Dubai

Data as of April 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
Creek Heights15,4567394.8%

The cap rate (rental yield) in Dubai Health Care City Phase 1 is 4.8%.

Sales prices for completed properties in Dubai Health Care City Phase 1

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio4218,336779,041

Price for completed Studio apartment in Dubai Health Care City Phase 1 is 779,041 AED or 18,336 AED/sqm.

Rent in Dubai Health Care City Phase 1 is 18,336 AED/year/sqm on average for long term rent of an apartment.

Residential property projects in Dubai Health Care City Phase 1

Off-planReady
-Creek Heights

Share of off-plan projects in sales in Dubai Health Care City Phase 1 is 0%

Sales and rents in Dubai Health Care City Phase 1 in April 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
Creek Heights
18,3363

Area guide for property buyers in Dubai Health Care City Phase 1

What are the advantages of 'Dubai Health Care City Phase 1' area in Dubai for property buyers vs. other areas? What are the disadvantages?

Dubai Healthcare City (DHCC) Phase 1 offers several advantages and disadvantages for property buyers when compared to other areas in Dubai. Here’s a closer look:

Advantages

1. Medical Hub: As a specialized healthcare district, DHCC Phase 1 hosts numerous medical facilities, clinics, and hospitals. This makes it an ideal location for healthcare professionals and those seeking proximity to top-notch medical care.

2. Educational Institutions: The area includes several institutions related to medical education, research facilities, and training centers, which is a significant plus for students and professionals in the healthcare industry.

3. Strategic Location: Situated in the heart of Dubai, DHCC Phase 1 offers easy access to major highways like Sheikh Zayed Road and Al Khail Road. It's also close to key areas like Downtown Dubai, Business Bay, and Dubai Creek Harbour.

4. Public Transportation: The area is well-served by public transportation, including the Dubai Metro and RTA buses, making commuting convenient.

5. High-Quality Infrastructure: Being a purpose-built medical city, the infrastructure in DHCC Phase 1 is modern and of high quality, including well-planned roads, utilities, and amenities.

6. Amenities and Lifestyle: The area features a range of amenities like parks, restaurants, cafes, and retail outlets, offering a balanced lifestyle. Additionally, the focus on health and wellness often means well-maintained public spaces.

7. Limited Supply: Areas with specialized zoning like DHCC tend to have limited residential supply, potentially increasing property values over time due to constrained availability.

Disadvantages

1. Higher Costs: Property prices in DHCC Phase 1 can be higher than other residential areas in Dubai due to its specialized nature and strategic location. This includes both purchase prices and rental rates.

2. Specialized Market: The area mainly caters to healthcare professionals and those specifically seeking proximity to medical facilities. This limits the target demographic, which can be a disadvantage for some property investors.

3. Lack of Variety in Property Types: The focus of the area on healthcare and medical services might limit the variety of residential properties available. You are more likely to find apartments and fewer options for villas or townhouses.

4. Traffic Congestion: Given its central location and heavy traffic to medical facilities, the area can experience congestion, especially during peak hours.

5. Limited Leisure Activities: While the area does offer some cafes, parks, and restaurants, it is not known for a wide range of leisure and entertainment options compared to other areas like Dubai Marina, JBR, or Downtown Dubai.

6. Less Residential Focus: The primary focus on healthcare means that the majority of the developments are commercial, medical, or educational. Therefore, the number of pure residential projects is limited, which might not suit everyone’s needs.

Conclusion

DHCC Phase 1 offers a unique and specialized living environment with numerous advantages, especially for those in the healthcare sector. However, the higher costs, limited residential variety, and specialized market appeal might not make it the ideal choice for every property buyer. When comparing it to other areas in Dubai, it is essential to weigh these factors based on individual needs and investment goals.

What areas are better than 'Dubai Health Care City Phase 1' area in Dubai and why?

Dubai is home to a diverse range of neighborhoods, each offering its own unique appeal. Whether an area is better than another can be subjective based on factors such as lifestyle preferences, budget, proximity to landmarks, amenities, and community vibe. Here are some areas that are often considered highly desirable and may be considered better than Dubai Healthcare City Phase 1 depending on what you're looking for:

1. Downtown Dubai
- Why it's better:
- Home to iconic landmarks like Burj Khalifa and The Dubai Mall.
- High-end dining, shopping, and entertainment options.
- Vibrant community and luxurious residential complexes.
- Excellent public transportation links.

2. Dubai Marina
- Why it's better:
- Picturesque marina views and waterfront living.
- A bustling lifestyle with numerous cafes, restaurants, and retail outlets.
- Popular among expatriates and young professionals.
- Access to beaches and outdoor activities.

3. Palm Jumeirah
- Why it's better:
- Exclusive man-made island living.
- Luxurious villas and apartments with private beaches.
- High-end hotels and fine dining options.
- Unique living experience with premium amenities.

4. Jumeirah
- Why it's better:
- Well-established, family-friendly community.
- Large villas and houses with private gardens.
- Close to Jumeirah Beach and waterfront activities.
- Excellent schools and healthcare facilities nearby.

5. Business Bay
- Why it's better:
- Thriving mixed-use community adjacent to Downtown Dubai.
- Modern residential towers and commercial spaces.
- Wide range of dining and entertainment options.
- Proximity to major business hubs and financial institutions.

6. Emirates Hills
- Why it's better:
- Gated community known for its luxury and exclusivity.
- High-security, golf-course views, and lakefront properties.
- Excellent for high-net-worth individuals looking for privacy.
- Close proximity to international schools and healthcare facilities.

7. Arabian Ranches
- Why it's better:
- Suburban, family-friendly environment.
- Spacious villas with community-centered amenities.
- Great for families with children due to playgrounds, parks, and schools.
- Golf course and equestrian club.

8. Jumeirah Lake Towers (JLT)
- Why it's better:
- Urban lifestyle with a variety of residential and commercial buildings.
- Plenty of dining, retail, and entertainment options.
- More affordable compared to Marina while still being highly accessible.
- Close to metro stations for easy connectivity.

9. The Greens and The Views
- Why it's better:
- Mid-rise developments offering a quiet, community-focused environment.
- Green spaces, lakes, and pet-friendly areas.
- Good value for money, particularly for young families and professionals.
- Accessible to both Sheikh Zayed Road and Al Khail Road.

10. Bluewaters Island
- Why it's better:
- Exclusive island living with stunning views of the Arabian Gulf.
- Home to Ain Dubai, the world's largest observation wheel.
- High-end residential, retail, leisure, and entertainment options.
- Unique, modern community setting.

Each area offers different advantages, so the "best" choice depends greatly on personal preferences and requirements. Whether you prioritize luxury, community, affordability, or proximity to business districts, Dubai has a neighborhood to match almost any need.

What schools are there in and around 'Dubai Health Care City Phase 1' area in Dubai and what are their locations?

Dubai Healthcare City Phase 1 is a significant area known for its medical facilities. While the area itself is more focused on healthcare institutions, there are several schools in the nearby areas, primarily in and around Oud Metha and Al Jaddaf. Here are some of the notable schools close to Dubai Healthcare City Phase 1:

In Oud Metha

1. GEMS Winchester School
- Location: Oud Metha Road, Oud Metha
- Curriculum: British

2. The Indian High School
- Location: Oud Metha Road, Oud Metha
- Curriculum: Indian (CBSE)

3. St. Mary's Catholic High School
- Location: 13th Street, Oud Metha
- Curriculum: British

4. Dubai Gem Private School
- Location: 19th Street, Oud Metha
- Curriculum: British

In Al Jaddaf

1. Swiss International Scientific School
- Location: Al Jaddaf, Dubai Creek
- Curriculum: International Baccalaureate (IB)

In Bur Dubai

1. New Indian Model School
- Location: Al Raffa, Bur Dubai
- Curriculum: Indian (CBSE)

2. Queen International School
- Location: Al Raffa, Bur Dubai
- Curriculum: British

In Al Karama

1. Horizon English School
- Location: Al Wasl, near Al Karama
- Curriculum: British

2. Europian School Dubai
- Location: Al Karama
- Curriculum: Indian (CBSE)

These schools cater to a range of curricula including British, Indian (CBSE), and International Baccalaureate, providing a variety of options for expatriate and local families residing near Dubai Healthcare City Phase 1.

What medical clinics are there in and around 'Dubai Health Care City Phase 1' area in Dubai and what are their locations?

Dubai Healthcare City (DHCC) Phase 1 is a prominent medical district in Dubai that hosts a variety of clinics and healthcare facilities. Here's a list of some notable medical clinics and their locations within this area:

1. American Hospital Dubai Clinic – DHCC
- Location: Building 26, Dubai Healthcare City, Phase 1

2. Mediclinic City Hospital
- Location: Building 37, Dubai Healthcare City, Phase 1

3. Dr. Sulaiman Al Habib Hospital
- Location: Sheikh Zayed Road, Dubai Healthcare City, Phase 1

4. Dubai Dental Clinic
- Location: Building 34, Dubai Healthcare City, Phase 1

5. Dr. Rami Hamed Center (DRHC)
- Location: Building 52, Dubai Healthcare City, Phase 1

6. Imc Medical Centre
- Location: Building 34, DHCC, Phase 1

7. Uptown Medical Clinic
- Location: Building 34, Dubai Healthcare City

8. German Heart Centre Bremen FZ-LLC
- Location: Building 82, Dubai Healthcare City, Phase 1

9. Clemenceau Medical Center (CMC) Dubai
- Location: Building 64, Dubai Healthcare City, Phase 1

10. Orchid Fertility Clinic
- Location: Building 64, Dubai Healthcare City, Phase 1

11. BR Medical Suites
- Location: Building 49, Dubai Healthcare City, Phase 1

These clinics offer a range of medical services from general healthcare to specialized treatments. Always check their websites or contact them directly for the most current information regarding services, appointments, and operational hours.


Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.




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