Sep 11, 2024
Sun City
A brief history of Al Qudra Road
2006 - Emaar announces Bawadi - a mega project along Qudra Road. This project was shelved following the financial crisis.
2013 Launch of Mira. Completed from 2016 onwards.
2014 Launch of Mira Oasis. Completed 2018 & 2019.
2015 Launch of Town Square. 8 clusters completed. 2 under-construction now.
Cherrywoods Launched in 2019. Completed 2024.
The Neighborhood today
In this area, in general current valuations are:
3 Bed Townhouses:
AED 2.2 - 3.0 M
Rents from AED 140 - 190K / year
4 Bed Townhouses:
AED 2.8 - 4.0 M range
Rents from AED 190 - 240 K / year
The Neighborhood
Occupancy rates for the mature communities here is above 98%
There are only 2 clusters of Town Square that will handover by 2025. Since 2022 - only a few apartment developments have been launched within Town Square.
Except for the apartments in Town Square - all the property types in the area are 3 & 4 bedroom townhouses.
Except for Cherrywoods - all the other townhouses were planned before the trend has changed in Dubai towards more modern architecture & designs.
Launch of Sun City
Hundreds of buyers are submitting EOIs for Sun City. Here's why
Will be one of the best master-plans of all the surrounding neighborhoods
Introduces the 5 bed property type (which doesn't exist in the area - and also will be the largeest property type in the area).
Priced below current market
Excellent payment-plan that makes it more convenient to build the asset till completion (Q4 2027).
Unlike Damac Lagoons / Riverside - almost all the houes here are single row.
No DLD Fees
Pricing For Sun City
4 Bed Townhouses
Starts from AED 2.25 M
The average will be higher (upto 2.7 M).
5 Bed Townhouses
Starts from AED 3.0 M
The average will be higher (upto AED 3.8 M)
Register your interest and reserve your unit by submitting an EOI for AED 120,000 - refundable if you do not end up purchasing