In one of our previous report we have explained how Dubai offers a stable and high yielding investment opportunity to investors from India and other parts of the globe. The second largest Emirate of UAE is capitalizing on economic growth induced higher demands along with a stable and regulated market.
In terms of the kind of demand, in the recent past along with high end projects, the city is also witnessing a high demand for mid-income housing units, especially coming from the vast middle class expatriate population. This has led to the emergence of various secondary locations, which along with their primary counterparts have been invigorating the Dubai market.
One such emerging location, which has been continuously witnessing increase in demand for quality mid income residences, is Dubai Sports City (DSC). The freehold zone which spans on an area of over 4.6 million Sq Ft, boasts some of the leading world class sports facilities. Not to forget that International Cricket Council (ICC) head office is also situated in DSC.
Neighbouring other upcoming secondary locations such as Dubai Motor City (DMC) and Jumeirah Village Circle (JVC), DSC boasts a supply of over 13,000 units. Out of which 5000 units are complete and rest are in various stages of construction, which will enter the market in another 2 to 3 years.
Located just 15 minutes from Sheikh Zayed Road (SZR), it is believed to be close enough to all the happening of Dubai and at the same time offer a much economical alternative to other expensive areas such as Downtown Dubai, Business Bay and Dubai Marina etc. A two bedroom apartment in DSC will cost anything between AED 900,000-1,100,000- relatively lesser than other areas upmarket areas.
Upcoming Market Statistics
DSC is one of the few areas in the city, which still has a large number of vacant spaces and hence is home to numerous upcoming residential projects. Given there is ample demand for mid-income housing the city, the demand for residential units will remain robust in the coming time. Likewise, more retail projects and hospitality projects will enter in the coming time, which will further boost demand. However, with 8000 units expected to enter in next 2-3 years, there might be a downward pressure emanating from higher supply.
