Olympic Park 2 in Dubai Sports City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Olympic Park 2

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	90	8,418	760,000

Rents in Olympic Park 2

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	90	722	65,000
2	139	621	86,333

The cap rate (rental yield) of investments into Olympic Park 2 project is 7.6% on average.

The price of an apartment in Olympic Park 2 is 8,418 AED/sqm on average.

The long term rent of an apartment in Olympic Park 2 is 639 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Olympic Park 2 is 760,000 AED or 8,418 AED/sqm.

Rent for 1 bedroom apartment in Olympic Park 2 is 65,000 AED or 722 AED/sqm.
Rent for 2 bedroom apartment in Olympic Park 2 is 86,333 AED or 621 AED/sqm.

About Olympic Park 2

'Olympic Park 2' in 'Dubai Sports City' area project description

Olympic Park 2 is a freehold residential tower located in Dubai Sports City, part of the larger Olympic Park master development. Developed by Gulf General Investments (GGICO), the project represents a completed mid-rise residential community in one of Dubai's established sports and leisure destinations.

Construction Timeline

Construction commenced on September 29, 2007, and was completed by February 24, 2013, representing a development cycle of approximately five years and five months.

Developer and Configuration

Gulf General Investments (GGICO) developed the project as a freehold property. The building features a B+G+14 configuration, comprising a basement, ground floor, and 14 residential stories. The structure sits on a plot area of 15,773 square meters.

Units and Layout

The development contains 124 ready-to-move-in residential units, offering a mix of 1-bedroom and 2-bedroom apartments. Unit sizes vary, with 2-bedroom apartments ranging from approximately 1,450 to 1,579 square feet, providing flexible living options for different household sizes.

Amenities and Facilities

Residents enjoy access to comprehensive on-site facilities including a gymnasium, private rooftop pool, terrace, and cafe. These amenities support an active lifestyle within the community.

Location and Accessibility

Olympic Park 2 is strategically positioned in Dubai Sports City within DubaiLand. The location offers convenient access to major Dubai destinations: Dubai Mall is approximately 23 minutes' drive away, Palm Jumeirah requires roughly 17 minutes, Burj Al Arab is about 20 minutes away, and The Walk JBR is 21 minutes distant. Dubai International Airport (DXB) is approximately 28 minutes' drive, while the new Al Maktoum International Airport is roughly 30 minutes away.

The area provides proximity to retail outlets within walking distance and numerous hotels nearby. Educational facilities in the vicinity include Victory Heights Primary School (1.2 km away) with an Outstanding government inspection rating and Nord Anglia International School Dubai, also rated Outstanding.

Surrounding Community

Olympic Park 2 benefits from its location within Dubai Sports City, a master-planned community designed around sports and recreational activities. The area features golf courses, sports facilities, and leisure amenities that characterize the broader development. The community is well-established with mature infrastructure, schools, dining, and shopping options integrated throughout the neighborhood.

Q&A on Olympic Park 2

What projects are better than 'Olympic Park 2' project in Dubai which are located close by, and why?

Victory Heights:

1. Offers villas and townhouses with larger living spaces and private gardens.
2. Managed by a reputable developer with a long-standing history.
3. Features a community-centric design with parks, playgrounds, and the Ernie Els golf course.
4. Superior quality of construction and higher standard of finishing materials.

Canal Residence West:

1. Prime waterfront location with views of the canal.
2. A variety of apartment options with modern amenities and upmarket finishes.
3. Integrated retail space and dining options at the ground level.
4. Proximity to sports facilities and fitness centers enhances an active lifestyle.

The Matrix:

1. Sleek, contemporary design with cutting-edge architectural features.
2. Leed-certified for energy efficiency and sustainable living.
3. Premium amenities including a rooftop pool, state-of-the-art gym, and residents' lounge.
4. High rental yield potential and strong investment returns.

Golf View Residence:

1. Close proximity to the golf course offering scenic views and tranquility.
2. Spacious apartments with high-end fittings and European-style kitchens.
3. Ease of access to main road networks and public transportation.
4. Community amenities including a swimming pool, gymnasium, and children’s play areas.

Elite Sports Residence:

1. Affordability combined with a wide range of unit sizes and types.
2. Multiple towers offering various choices for buyers and investors.
3. Comprehensive amenities package including swimming pools, fitness centers, and retail outlets.
4. Suitable for both short-term rental and long-term living, enhancing investment flexibility.

These projects offer superior amenities, better architectural design, and enhanced community features compared to Olympic Park 2.

What are the closest schools to 'Olympic Park 2' project in Dubai?

- Victory Heights Primary School
- The Wonder Years Nursery
- GEMS United School
- Renaissance School
- Dwight School Dubai