Living Legends area in Dubai - prices, rents and cap rates

Cap rates for projects in Living Legends area in Dubai

Data as of September 2024

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
Cleopatra Tower	7,152	632	8.8%

The cap rate (rental yield) in Living Legends is 8.8%.

Sales prices for completed properties in Living Legends

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	81	6,855	553,000
3	169	7,730	1,307,500

Rents in Living Legends

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	50	732	36,333
1	75	777	58,250
3	168	685	115,000

Price for completed 1 bedroom apartment in Living Legends is 553,000 AED or 6,855 AED/sqm.
Price for completed 3 bedroom apartment in Living Legends is 1,307,500 AED or 7,730 AED/sqm.

Rent in Living Legends is 7,730 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Living Legends is 36,333 AED or 732 AED/sqm.
Rent for 1 bedroom apartment in Living Legends is 58,250 AED or 777 AED/sqm.
Rent for 3 bedroom apartment in Living Legends is 115,000 AED or 685 AED/sqm.

Residential property projects in Living Legends

Off-plan	Ready
-	Cleopatra Tower Hercules Tower KOA Canvas *

Share of off-plan projects in sales in Living Legends is 0%

* - only rent transactions are available

Sales and rents in Living Legends in October 2024

Project name	Sale price, AED/sqm	Sales	Rent, AED/sqm/ year	Rent contracts
Cleopatra Tower	7,152	4	632	2
Hercules Tower	7,882	1
KOA Canvas			820	6

Area guide for property buyers in Living Legends

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

'Living Legends' is a residential community situated in Dubailand, developed by Tanmiyat. It features a blend of villas and apartments, along with retail and leisure amenities. Here are some of the advantages and disadvantages of the Living Legends area for property buyers:

Advantages of Living Legends

1. Affordability:
- Properties in Living Legends tend to be more affordable compared to other prime areas in Dubai, making it an attractive option for budget-conscious buyers.

2. Community Lifestyle:
- The development is designed to offer a family-friendly environment with amenities like parks, playgrounds, a golf course, and a retail center.

3. Green Spaces:
- The community emphasizes green living, with ample green spaces, gardens, and landscaping, appealing to those who prefer a serene environment.

4. Villa Choices:
- Living Legends offers a variety of villa options with different layouts and sizes, offering flexibility for different family needs.

5. Proximity to Key Areas:
- Located in Dubailand, Living Legends is reasonably close to key areas like Downtown Dubai, Dubai Marina, and Business Bay, providing a good balance of seclusion and connectivity.

6. Leisure and Entertainment:
- The area is close to various attractions, such as Global Village, IMG Worlds of Adventure, and the upcoming Dubailand developments.

7. Golf Course:
- The presence of an on-site golf course adds value for golf enthusiasts and could be a selling point for potential renters or future buyers.

Disadvantages of Living Legends

1. Location:
- Although reasonably well-connected, Living Legends is still considered somewhat further out compared to central locations like Downtown Dubai, which could mean longer commutes for some residents.

2. Public Transportation:
- The area is currently less served by public transportation options compared to more central parts of Dubai. Residents will likely need to rely on private cars.

3. Development Pace:
- While developed, certain parts of Living Legends and Dubailand in general may still be under construction, which could be a drawback for some buyers seeking a completely established neighborhood.

4. Limited High-End Amenities:
- While the area does cater to daily needs, it lacks the extensive range of high-end dining, entertainment, and retail options found in more central Dubai neighborhoods like Dubai Marina or Downtown Dubai.

5. Rental Yield:
- The rental yields might be lower compared to more popular central locations. Investors looking for high rental returns might find more competitive areas.

6. Resale Value:
- The resale value could be potentially lower or slower to appreciate compared to properties in more central, high-demand areas of Dubai.

7. Accessibility During Peak Hours:
- Traffic congestion can be an issue during peak hours, particularly on the main routes to and from Living Legends, which may result in longer travel times.

Conclusion

Living Legends presents a combination of affordability, community living, and green spaces, making it an appealing choice for families and individuals seeking a balanced lifestyle in Dubai. However, its peripheral location, reliance on private transportation, and developing amenities may be seen as drawbacks compared to more established, central areas of Dubai. Buyers need to weigh these factors based on their priorities and lifestyle preferences.

What areas are better than 'Living Legends' area in Dubai and why?

Living Legends is a well-regarded residential community in Dubai, but several areas may be considered superior depending on various factors such as location, amenities, lifestyle offerings, and price point. Here are some areas that are often considered better and the reasons why:

1. Downtown Dubai
- Advantages:
- Prime Location: Close to landmarks such as Burj Khalifa, The Dubai Mall, and Dubai Opera.
- High-end Lifestyle: Luxury apartments, world-class dining, and entertainment options.
- Excellent Infrastructure: Easy access to Dubai Metro and other public transportation options.

2. Palm Jumeirah
- Advantages:
- Luxury Living: Exclusive villas and apartments with private beaches and stunning sea views.
- Resort-like Amenities: High-end hotels, fine dining, spas, and water sports.
- Prestige: Often considered one of the most prestigious addresses in Dubai.

3. Downtown Dubai
- Advantages:
- Prime Location: Close to landmarks such as Burj Khalifa, The Dubai Mall, and Dubai Opera.
- High-end Lifestyle: Luxury apartments, world-class dining, and entertainment options.
- Excellent Infrastructure: Easy access to Dubai Metro and other public transportation options.

4. Dubai Marina
- Advantages:
- Vibrant Lifestyle: Popular for its bustling nightlife, restaurants, and cafes.
- Scenic Views: Waterfront living with views of the marina and the Arabian Gulf.
- Active Community: Plenty of activities like yachting, walks along the Marina Promenade, and beach access.

5. Jumeirah Village Circle (JVC)
- Advantages:
- Family-friendly: Parks, schools, and a variety of residential options including villas and apartments.
- Community Feel: Close-knit community atmosphere with a mix of expats and locals.
- Affordable Luxury: Typically offers better value for money than Living Legends.

6. Emirates Hills
- Advantages:
- Exclusive Community: Known as the "Beverly Hills of Dubai," featuring luxurious villas and high levels of privacy.
- Premium Amenities: Top-notch golf courses, schools, and healthcare facilities.
- Security: Gated community with 24/7 security.

7. Arabian Ranches
- Advantages:
- Spacious Properties: Known for its large villas with gardens.
- Community Facilities: Riding schools, golf clubs, and landscaped parks.
- Family-oriented: Excellent schools and healthcare facilities.

8. Bluewaters Island
- Advantages:
- Iconic Views: Home to Ain Dubai, the world's largest observation wheel.
- Modern Living: Contemporary apartments with premium finishes and smart home technology.
- Tourist Attractions: High-end retail, dining options, and entertainment.

9. Jumeirah Beach Residence (JBR)
- Advantages:
- Beachfront Living: Direct access to the beach with magnificent sea views.
- Active Lifestyle: A bustling area filled with cafes, restaurants, and retail outlets.
- Tourist Hotspot: Proximity to Dubai Marina and Bluewaters Island.

Each area has its own unique selling points, and the "better" option really depends on individual preferences and priorities such as lifestyle, budget, family needs, and proximity to work or schools.

What schools are there in and around 'Living Legends' area in Dubai and what are their locations?

Living Legends is a residential community located in the Dubailand area of Dubai, and there are many reputable schools in and around this area. Here are some of the notable schools and their approximate locations:

1. GEMS FirstPoint School:
- Location: The Villa, Dubailand
- Curriculum: British

2. The Aquila School:
- Location: Wadi Al Safa 5, Dubailand
- Curriculum: British

3. Fairgreen International School:
- Location: The Sustainable City, Dubailand
- Curriculum: IB (International Baccalaureate)

4. The Indian International School, DSO Campus:
- Location: Dubai Silicon Oasis
- Curriculum: Indian (CBSE)

5. GEMS Wellington Academy:
- Location: Dubai Silicon Oasis
- Curriculum: British

6. Dubai International Academy:
- Location: Al Barsha South
- Curriculum: IB (International Baccalaureate)

7. GEMS Metropole School:
- Location: Motor City
- Curriculum: British

8. Nord Anglia International School:
- Location: Al Barsha South
- Curriculum: British

9. Kings' School Al Barsha:
- Location: Al Barsha South
- Curriculum: British

10. Repton School Dubai:
- Location: Nad Al Sheba 3
- Curriculum: British

11. Horizon International School:
- Location: Al Nadha 3
- Curriculum: British

These schools are within a reasonable driving distance from Living Legends, ranging from 10 to 30 minutes depending on traffic conditions. The variety of curriculums available means that parents have multiple options to choose from based on their preferences for their children's education.

What medical clinics are there in and around 'Living Legends' area in Dubai and what are their locations?

Living Legends is a residential community located in Dubailand, in close proximity to several landmarks and other residential areas. If you're looking for medical clinics in and around the Living Legends area in Dubai, there are several options available to you:

1. Aster Clinic (Arabian Ranches):
- Location: Motor City, Detroit House Building, Near Spinneys, Dubai, UAE.
- Distance: Approximately 10-15 minutes’ drive from Living Legends.

2. Medicentres Motor City:
- Location: Apex Atrium Building, Motor City, Dubai, UAE.
- Distance: Around 10 minutes’ drive.

3. Mediclinic Arabian Ranches:
- Location: Town Centre, Arabian Ranches, Dubai, UAE.
- Distance: Approximately 15 minutes’ drive.

4. Emirates Hospital Day Surgery & Medical Center (Motor City):
- Location: Detroit House, Motor City, Dubai, UAE.
- Distance: Around 10-15 minutes’ drive.

5. Sultan Al Olama Medical Centre:
- Location: Sheikh Mohammed Bin Zayed Road, Al Barsha South, near Dubai Science Park, Dubai, UAE.
- Distance: Approximately 15-20 minutes’ drive.

6. Mediclinic Parkview Hospital:
- Location: Umm Suqeim Road, Al Barsha South 3, Dubai, UAE.
- Distance: Approximately 20-25 minutes’ drive.

7. Prime Medical Center (Barsha Heights):
- Location: I-Rise Building, Tecom, Dubai, UAE.
- Distance: Approximately 20-25 minutes’ drive.

8. Al Zahra Hospital (Al Barsha):
- Location: Sheikh Zayed Road, Al Barsha 1, Dubai, UAE.
- Distance: Approximately 20-25 minutes’ drive.

9. American Hospital Dubai (Al Barsha Clinic):
- Location: Al Barsha 3, Dubai, UAE.
- Distance: Approximately 25 minutes’ drive.

These clinics and medical centers offer a range of services from general medical consultations to specialty treatments. Depending on the specific medical needs, there's likely a suitable option within a reasonable distance from the Living Legends area. Always confirm the distance and traffic conditions as these can vary.

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.