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Festival City area in Dubai - prices, rents and cap rates

Cap rates for projects in Festival City area in Dubai

Data as of May 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
Al Badia Hillside11,0138447.7%
Al Badia Residences11,7358447.2%
Marsa Plaza - Core16,3108445.2%

Cap rate (rental yield) in Festival City area in Dubai is from 5.2% to 7.7%.

The maximum cap rate in Festival City is 7.7% at Al Badia Hillside project. The minimum cap rate in Festival City is 5.2% at Marsa Plaza - Core project.

Sales prices for completed properties in Festival City

RoomsSize, sqmSale price, AED/sqmSale price, AED
22259,3522,100,000
326712,0913,233,333

Rents in Festival City

RoomsSize, sqmRent, AED/sqm/yearRent, AED
111084493,199
2177844149,448
3266844224,564
4402844339,109
Studio6884457,569

Price for completed 2 bedroom apartment in Festival City is 2,100,000 AED or 9,352 AED/sqm.
Price for completed 3 bedroom apartment in Festival City is 3,233,333 AED or 12,091 AED/sqm.

Rent in Festival City is 12,091 AED/year/sqm on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Festival City is 93,199 AED or 844 AED/sqm.
Rent for 2 bedroom apartment in Festival City is 149,448 AED or 844 AED/sqm.
Rent for 3 bedroom apartment in Festival City is 224,564 AED or 844 AED/sqm.
Rent for 4 bedroom apartment in Festival City is 339,109 AED or 844 AED/sqm.
Rent for Studio apartment in Festival City is 57,569 AED or 844 AED/sqm.

Residential property projects in Festival City

Off-planReady
-Al Badia Hillside
Al Badia Residences
Marsa Plaza - Core

Share of off-plan projects in sales in Festival City is 0%

Sales and rents in Festival City in May 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
Al Badia Residences
11,7353 84420
Al Badia Hillside
11,0131 84430
Marsa Plaza - Core
84410

Area guide for property buyers in Festival City

What are the advantages of 'Festival City' area in Dubai for property buyers vs. other areas? What are the disadvantages?

Dubai Festival City is a large, mixed-use development located along the Dubai Creek, offering an attractive lifestyle for residents. Here are some key advantages and disadvantages for property buyers in Dubai Festival City compared to other areas:

Advantages

1. Strategic Location:
- Situated close to Downtown Dubai and Dubai International Airport, making it ideal for frequent travelers and professionals.
- Proximity to major highways like Sheikh Zayed Road and Al Khail Road ensures easy connectivity to other parts of the city.

2. Waterfront Living:
- Offers picturesque views of Dubai Creek, enhancing the visual and lifestyle appeal of the area.

3. Amenities and Facilities:
- Home to Dubai Festival City Mall, which features a wide range of shopping, dining, and entertainment options including IMAGINE, the record-breaking light and water show.
- Includes healthcare facilities, international schools, and numerous leisure options, making it convenient for families.

4. Community and Lifestyle:
- Family-friendly environment with parks, recreational areas, and a variety of residential properties including apartments, townhouses, and villas.
- Pedestrian-friendly layout allows for leisurely strolls along waterfront promenades and landscaped gardens.

5. Integrated Development:
- A master-planned community that blends commercial, residential, and recreational spaces, fostering a sense of community and convenience.
- Includes business centers and office spaces catering to professionals, enhancing the work-life balance.

6. Quality of Construction:
- Properties in Festival City are typically built to high standards, reflecting modern architectural designs and superior materials.

Disadvantages

1. Cost:
- Property prices can be higher compared to other parts of Dubai, due to the premium location and high-quality amenities.
- Service charges and maintenance fees can also be relatively high, impacting the overall cost of ownership.

2. Traffic Congestion:
- Being a popular destination, the area can experience traffic congestion, especially during peak hours and weekends.

3. Limited Availability:
- As a popular residential and commercial hub, the availability of properties can be limited, making it competitive for prospective buyers.

4. Noise Levels:
- Proximity to the airport and main roads can result in higher noise levels, which might be a concern for some residents.

5. Cultural and Social Scene:
- While Festival City offers many amenities, it might not have the same vibrant cultural and nightlife options as areas like Downtown Dubai or Jumeirah.

6. Development Dynamics:
- As with any growing area, ongoing construction and development might cause temporary inconveniences, such as construction noises and changes in traffic patterns.

Comparison to Other Areas

- Downtown Dubai: Offers a more vibrant cultural and social scene but typically comes with higher prices and more congested living.
- Jumeirah: Known for luxury beachfront living but can be more expensive and lacks the integrated commercial amenities of Festival City.
- Dubai Marina: Offers a lively waterfront lifestyle but is more congested and more expensive in terms of property prices.
- Mirdif or Silicon Oasis: These areas are generally more affordable and provide a quieter family environment but lack the waterfront views and proximity to central attractions.

In summary, Dubai Festival City offers a balanced, family-friendly lifestyle with a mix of residential, commercial, and recreational features, making it an attractive option for property buyers despite some of the associated challenges.

What areas are better than 'Festival City' area in Dubai and why?

Dubai Festival City is a well-regarded area, known for its large, mixed-use development that includes residential, commercial, and leisure components. However, there are several areas in Dubai that might be considered superior, depending on what you are looking for. Here are a few notable ones:

Downtown Dubai
Why it's better:
- Landmarks: Home to iconic landmarks like the Burj Khalifa, Dubai Mall, and the Dubai Fountain.
- Lifestyle: Offers a high-end, cosmopolitan lifestyle with luxury hotels, fine dining, and high-street shopping.
- Accessibility: Centrally located with good public transport links and proximity to major highways.

Dubai Marina
Why it's better:
- Views and Vibes: Features waterfront living with access to the Marina Walk, numerous cafes, and restaurants.
- Activities: Plenty of leisure activities such as yacht rentals, water sports, and a highly active nightlife.
- Modern Living: High-rise residential buildings with modern amenities.

Palm Jumeirah
Why it's better:
- Exclusivity: Known for its luxurious villas and apartments, many with private beaches.
- Resorts: Host to some of Dubai's most famous hotels and resorts like Atlantis, The Palm.
- Prestige: Offers a very high level of prestige and exclusivity.

Business Bay
Why it's better:
- Business Hub: A rapidly developing area and a focal point for business and real estate investment.
- Residential Choices: Offers a mix of modern apartments that cater to professionals working nearby.
- Facilities: Increasing number of amenities, including hotels, retail spaces, and dining options.

Arabian Ranches
Why it's better:
- Community Feel: Provides a more suburban lifestyle with a strong sense of community.
- Family-Friendly: Features schools, parks, community centers, and recreational facilities geared towards families.
- Spacious Living: Known for its villas and larger homes.

Jumeirah Lake Towers (JLT)
Why it's better:
- Affordability: Often more affordable compared to Dubai Marina but still offers a good quality of life.
- Mixed-use: A mix of residential, commercial, and retail, providing all necessary amenities within close proximity.
- Transportation: Well-connected with its own metro station.

DIFC (Dubai International Financial Centre)
Why it's better:
- Business and Finance: The financial heart of Dubai, ideal for professionals working in finance and related sectors.
- Luxury Living: Offers high-end apartments and penthouses with access to world-class restaurants and art galleries.
- Networking: Frequent events, expos, and conferences that can be beneficial for professionals.

Emirates Hills
Why it's better:
- Luxury: Often dubbed the 'Beverly Hills of Dubai,' known for its opulent villas and exclusivity.
- Golf Courses: Home to the Montgomerie Golf Course, appealing to golf enthusiasts.
- Elite Community: Attracts a high-net-worth community, ensuring privacy and exclusivity.

Each of these areas has its own unique advantages, and the best choice would depend on your specific needs and lifestyle preferences.

What schools are there in and around 'Festival City' area in Dubai and what are their locations?

Dubai Festival City is a well-planned residential, commercial, and entertainment development in Dubai. It's strategically located near the Dubai Creek and offers several educational institutions in and around the area catering to different curricula. Here are some schools in and around Dubai Festival City:

1. Deira International School (DIS)
- Location: Dubai Festival City
- Curriculum: UK National Curriculum and International Baccalaureate (IB)

2. Universal American School (UAS)
- Location: Dubai Festival City
- Curriculum: American, with the option for the International Baccalaureate Diploma Programme (IBDP)

3. Swiss International Scientific School in Dubai (SISD)
- Location: Al Jaddaf, Dubai (approximately 10-15 minutes drive from DFC)
- Curriculum: Bilingual (English/French or English/German) and International Baccalaureate (IB)

4. GEMS Wellington Academy – Al Khail
- Location: Al Quoz, Dubai (around 15-20 minutes drive from DFC)
- Curriculum: UK National Curriculum and IB

5. Repton School Dubai
- Location: Nad Al Sheba, Dubai (approximately 20-25 minutes drive from DFC)
- Curriculum: UK National Curriculum and IB

6. The Indian High School (Junior Campus)
- Location: Oud Metha, Dubai (around 10-15 minutes drive from DFC)
- Curriculum: CBSE (Indian Curriculum)

These schools provide diverse curricula and have robust facilities to cater to the needs of the expatriate and local communities residing in and around Dubai Festival City. When choosing a school, it is advisable to consider factors such as proximity, curriculum, extracurricular activities, and the overall ethos of the institution.

What medical clinics are there in and around 'Festival City' area in Dubai and what are their locations?

Festival City in Dubai is a well-developed area with access to various medical facilities. Here are some of the medical clinics located in and around the Festival City area:

1. Mediclinic Welcare Hospital
- Location: Garhoud, Dubai
- Details: A well-equipped hospital providing a wide range of medical services. It's a short drive from Festival City, making it a convenient option for residents.

2. iCARE Clinics
- Location: Dubai Festival City Mall, First Floor
- Details: Offers general medical consultations, pediatrics, gynecology, dermatology, and more. It's ideally located within the mall, providing easy access.

3. Al Futtaim HealthHub Clinic
- Location: Dubai Festival City
- Details: A multi-specialty clinic offering healthcare services including family medicine, pediatrics, dermatology, and more. Part of the Al Futtaim Group, this clinic is reliable and easily accessible.

4. Medicure Polyclinic
- Location: Al Rashidiya, near to Festival City
- Details: Offers a wide range of medical services including general medicine, dentistry, and specialist services.

5. Prime Medical Center
- Location: Deira, Dubai
- Details: Although it's a bit further away compared to others on this list, Prime Medical Center offers comprehensive healthcare services and specialist consultations.

These clinics and medical centers offer a range of healthcare services to cater to the needs of residents and visitors in the Festival City area. Always verify the latest information regarding clinic locations and services by calling ahead or visiting their respective websites.


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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