Wadi Al Safa 7 area in Dubai - prices, rents and cap rates

Cap rates for projects in Wadi Al Safa 7 area in Dubai

Data as of September 2024

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
Rukan	8,870	901	10.2%
Al Waha Villas	8,409	572	6.8%

Cap rate (rental yield) in Wadi Al Safa 7 area in Dubai is from 6.8% to 10.2%.

The maximum cap rate in Wadi Al Safa 7 is 10.2% at Rukan project. The minimum cap rate in Wadi Al Safa 7 is 6.8% at Al Waha Villas project.

Sales prices for off-plan (pre registration and delayed sell) properties in Wadi Al Safa 7

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	37	9,073	338,999
1	48	9,533	456,726
2	90	7,466	672,027

Sales prices for completed properties in Wadi Al Safa 7

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	40	10,509	418,750
1	67	10,165	677,500
2	116	9,340	1,078,933

Rents in Wadi Al Safa 7

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	42	891	37,600
1	61	888	53,889
2	103	790	81,000

Price for off-plan Studio apartment in Wadi Al Safa 7 is 338,999 AED or 9,073 AED/sqm.
Price for off-plan 1 bedroom apartment in Wadi Al Safa 7 is 456,726 AED or 9,533 AED/sqm.
Price for off-plan 2 bedroom apartment in Wadi Al Safa 7 is 672,027 AED or 7,466 AED/sqm.

Price for completed Studio apartment in Wadi Al Safa 7 is 418,750 AED or 10,509 AED/sqm.
Price for completed 1 bedroom apartment in Wadi Al Safa 7 is 677,500 AED or 10,165 AED/sqm.
Price for completed 2 bedroom apartment in Wadi Al Safa 7 is 1,078,933 AED or 9,340 AED/sqm.

Rent in Wadi Al Safa 7 is 9,340 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Wadi Al Safa 7 is 37,600 AED or 891 AED/sqm.
Rent for 1 bedroom apartment in Wadi Al Safa 7 is 53,889 AED or 888 AED/sqm.
Rent for 2 bedroom apartment in Wadi Al Safa 7 is 81,000 AED or 790 AED/sqm.

Residential property projects in Wadi Al Safa 7

Off-plan	Ready
Rukan (55%)	Al Waha Villas

Share of off-plan projects in sales in Wadi Al Safa 7 is 39%

Sales and rents in Wadi Al Safa 7 in October 2024

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
Rukan	8,870		32	8	901	17
Al Waha Villas	8,409			1	572	1

Area guide for property buyers in Wadi Al Safa 7

What are the advantages of 'Wadi Al Safa 7' area in Dubai for property buyers vs. other areas? What are the disadvantages?

Wadi Al Safa 7 is an emerging neighborhood in Dubai that is attracting attention for various reasons. When comparing it to other areas in Dubai, it's important to look at both the advantages and disadvantages:

Advantages

1. Affordability:
- Property prices in Wadi Al Safa 7 tend to be more affordable compared to central areas like Downtown Dubai or Dubai Marina. This makes it appealing for first-time buyers and investors looking for budget-friendly options.

2. Proximity to Key Areas:
- It is strategically located with good connectivity to major hubs such as Dubai Silicon Oasis, Global Village, and Dubai International Academic City. This makes it convenient for people working in these areas.

3. Emerging Growth:
- Being a developing locality, there is good potential for property value appreciation as the area matures and more infrastructure projects are completed.

4. Peaceful Environment:
- The area offers a quieter, more suburban style of living compared to the hustle and bustle of central Dubai. It is ideal for families looking for a more serene environment.

5. Amenities:
- As the area develops, there is an increasing number of amenities such as parks, schools, and retail spaces being established to cater to residents.

6. Community Living:
- Many new residential projects in Wadi Al Safa 7 aim to foster a sense of community with shared spaces, recreational facilities, and family-oriented activities.

Disadvantages

1. Limited Public Transport:
- Currently, the public transport network in Wadi Al Safa 7 is not as extensive as in more established parts of Dubai. Residents may need to rely more on private vehicles.

2. Infrastructure Development:
- Being a developing area, some parts of Wadi Al Safa 7 are still under construction. This can mean living with construction noise and other inconveniences for the time being.

3. Distance from City Center:
- While it has good connectivity to several key areas, it is still situated a bit far from core areas like Downtown Dubai and Business Bay. This might be a concern for those who prefer being in the heart of the city.

4. Fewer Entertainment Options:
- Compared to more established neighborhoods, Wadi Al Safa 7 might lack a variety of entertainment and dining options. However, this is likely to improve as the area develops.

5. Market Competition:
- As more developers focus on this area, there could be oversupply issues which might affect rental yields and property value appreciation in the short term.

Overall, Wadi Al Safa 7 presents an interesting opportunity for property buyers, particularly those looking for affordable housing with good future growth potential. However, it does come with some trade-offs in terms of current infrastructure and amenities compared to more established areas in Dubai.

What areas are better than 'Wadi Al Safa 7' area in Dubai and why?

Dubai is renowned for its diverse range of neighborhoods, each catering to different lifestyle needs and preferences. If you’re looking for areas that might be considered a step above Wadi Al Safa 7 in terms of amenities, location, or prestige, here are a few options:

1. Downtown Dubai:
- Why: It's home to some of Dubai’s most iconic landmarks, including the Burj Khalifa, Dubai Mall, and the Dubai Fountain. The area offers luxurious living with high-end apartments, fine dining, and world-class shopping. The central location makes it a prime area for business professionals and those seeking a vibrant city lifestyle.

2. Dubai Marina:
- Why: Known for its breathtaking waterfront views and luxurious lifestyle, Dubai Marina offers an extensive range of dining, entertainment, and recreational activities. The area boasts high-rise residential buildings, a beautiful promenade, and easy access to beaches and the Palm Jumeirah.

3. Palm Jumeirah:
- Why: An iconic man-made island, Palm Jumeirah is synonymous with luxury living. It features high-end villas and apartments, lavish resorts like Atlantis, and private beach access. The exclusivity and unique lifestyle make it one of the most coveted addresses.

4. Emirates Hills:
- Why: Often referred to as the "Beverly Hills of Dubai," Emirates Hills offers ultra-luxurious villas and a serene, lush environment. The area is renowned for its golf courses and high level of privacy and security, making it popular among Dubai's elite.

5. Jumeirah:
- Why: Known for its beautiful beaches and vibrant community spirit, Jumeirah offers a mix of upscale villas and smaller residential complexes. It is close to schools, shopping centers, and some of the best restaurants in the city. It's a great spot for families.

6. Business Bay:
- Why: Strategically located next to Downtown Dubai, Business Bay is a rapidly-developing area known for its fast-paced business environment. It features a mix of residential and commercial properties, state-of-the-art infrastructure, and an increasing number of retail and dining options.

7. Jumeirah Lake Towers (JLT):
- Why: JLT is known for its affordability compared to its neighbors like Dubai Marina, while still offering a high standard of living. The area is designed around beautiful lakes and has a vibrant community feel, with numerous retail and dining outlets.

8. Al Barari:
- Why: Known for its lush greenery and eco-friendly design, Al Barari offers a tranquil, luxurious living environment with beautifully landscaped gardens. It provides a range of high-end villas and apartments in a serene setting, ideal for nature lovers.

Each of these areas has its unique charm and advantages, ranging from central locations and high-end amenities to quieter, more family-friendly environments. The choice ultimately depends on your personal preferences, lifestyle, and budget.

What schools are there in and around 'Wadi Al Safa 7' area in Dubai and what are their locations?

Wadi Al Safa 7 is a relatively tranquil and upcoming residential area in Dubai, known for its strategic location and access to various amenities. If you're considering moving to this area and are concerned about educational institutions for your children, there are several schools in and around Wadi Al Safa 7:

1. GEMS Metropole School - Motor City:
- Location: Motor City, Dubai
- Curriculum: British (National Curriculum for England)
- Distance from Wadi Al Safa 7: Approximately 10-15 minutes by car.

2. Fairgreen International School:
- Location: The Sustainable City, Dubai
- Curriculum: International Baccalaureate (IB)
- Distance from Wadi Al Safa 7: Around 10-15 minutes by car.

3. Nord Anglia International School Dubai:
- Location: Al Barsha South, Dubai
- Curriculum: British (National Curriculum for England), IGCSE, and IB Diploma Programme
- Distance from Wadi Al Safa 7: Approximately 15-20 minutes by car.

4. Ranches Primary School:
- Location: Arabian Ranches 2, Dubai
- Curriculum: British (National Curriculum for England)
- Distance from Wadi Al Safa 7: 10-15 minutes by car.

5. GEMS United School:
- Location: Sports City, Dubai
- Curriculum: American (Common Core State Standards)
- Distance from Wadi Al Safa 7: Approximately 10-15 minutes by car.

6. Jumeirah English Speaking School (JESS), Arabian Ranches:
- Location: Arabian Ranches, Dubai
- Curriculum: British (National Curriculum for England) and IB Diploma
- Distance from Wadi Al Safa 7: 10-15 minutes by car.

These schools offer a variety of curriculums, ensuring that you can find a suitable educational system that aligns with your preferences for your children's education.

What medical clinics are there in and around 'Wadi Al Safa 7' area in Dubai and what are their locations?

Wadi Al Safa 7 is a community in Dubai, located close to various developing and established areas with several medical facilities nearby. Some of the medical clinics and facilities around Wadi Al Safa 7 include:

1. Aster Clinic - Al Barsha:
- Location: Al Barsha 1, near Mall of the Emirates
- Services: General medicine, pediatrics, dermatology, gynecology, and more.

2. Mediclinic Parkview Hospital:
- Location: Intersection of Umm Suqeim Road and Al Khail Road
- Services: Comprehensive medical care including emergency services, outpatient departments, and specialized medical treatments.

3. My Health Medical Centre:
- Location: Motor City
- Services: General medicine, family medicine, pediatrics, dentistry, women's health, and more.

4. Emirates Hospital Day Surgery - Motor City:
- Location: Detroit House, Motor City
- Services: Day surgery, general and specialist consultations, minor procedures, and outpatient services.

5. Medicentres - Motor City:
- Location: Detroit House (Ground Floor), Motor City
- Services: General practice, family medicine, pediatrics, and specialist consultations.

6. Al Das Medical Clinic:
- Location: Palm Jumeirah
- Services: General medicine, pediatrics, dermatology, obstetrics and gynecology, and more.

7. Aster Clinic - Arabian Ranches:
- Location: The Leisure Centre, The Arabian Ranches 2
- Services: Family medicine, pediatrics, gynecology, and dental care.

8. Primary Medical Centre - Arabian Ranches:
- Location: The Ranches Souk, Arabian Ranches 2
- Services: General practice, pediatrics, dermatology, and more.

These clinics and medical centers provide a wide range of healthcare services and are relatively accessible to residents of Wadi Al Safa 7. Always check the specific services they offer and their operating hours as they may 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.

(x%) shows share of off-plan properties in sales in the last complete month