INVEST IN DUBAI MOTOR CITY SOBHA | Top Mid-Tier Investment Area in Dubai

Summary

In this episode of the Dubai Connect podcast, host Gigi L. Bonitz interviews Cassa, a real estate expert, about Motor City, an emerging area in Dubai. Cassa highlights the community's strategic location, proximity to key areas, and family-friendly environment. They discuss the lack of inventory driving demand, the appeal to investors due to limited supply, and the potential for both short-term and long-term rental returns. The conversation also covers the new Nam Orbis project by Sha, featuring resort-style amenities, and the importance of investing with reputable developers for quality and resale value. The podcast concludes with insights on projected capital appreciation and rental returns, emphasizing Motor City's potential as an attractive investment opportunity.

Takeaways

• 🌐 Dubai Connect podcast, hosted by Gigi L bonitz, focuses on connecting global real estate investors with investment opportunities in Dubai and the UAE.
• 🏡 Motor City is an established community in Dubai, offering a suburban vibe with a variety of amenities and facilities, making it attractive for families and professionals.
• 🚗 Motor City's strategic location provides easy access to major Dubai landmarks like Dubai Mall, Burj Khalifa, and Marina, typically within a 20-30 minute drive.
• 🏢 Despite being an established community, Motor City has a limited inventory of properties, particularly apartments, driving up demand in the area.
• 💡 Sha, a reputable developer in the UAE, is constructing a new project in Motor City called Nam Orbis, featuring seven towers with resort-like amenities to cater to the demand.
• 🏖️ Nam Orbis will offer a range of amenities including multiple swimming pools, a Lazy River, a Beach Edge, and a Clubhouse, aiming to provide a resort lifestyle experience.
• 💰 The project is positioned as an attractive investment opportunity with affordable pricing, starting at $270,000 for a one-bedroom apartment and $450,000 for a two-bedroom.
• 📈 Capital appreciation for the Nam Orbis project is projected to be around 10% per year from the total cost of the apartment, based on current market conditions.
• 🌳 Dubai's Quality of Life initiative aligns with Sha's development approach, focusing on green, pedestrian-friendly communities, enhancing the appeal of Motor City for residents.
• ⏰ The completion of the Nam Orbis project is expected by the end of December 2027, with a 60/40 payment plan currently being offered as part of a promotion.

Q & A

What is the main topic of the Dubai Connect podcast season 3?

The main topic is discussing lucrative real estate investment opportunities in Dubai and the UAE, with a focus on the up-and-coming area of Motor City.

Why is Dubai considered a safe place for real estate investment according to the podcast?

Dubai is considered safe for real estate investment because of the Dubai Land Department's safety measures and regulations in place to protect investors.

What is the significance of Motor City as a real estate investment area as discussed in the podcast?

Motor City is significant because it is an established community with a lack of inventory, driving demand, and is located conveniently close to major attractions and business hubs in Dubai.

What type of properties dominate the Motor City real estate market according to the podcast?

The properties in Motor City are mostly townhouses and villas, with a limited supply of apartments, especially newer ones with modern amenities.

Why did the guest decide to invest in Motor City despite not considering it initially?

The guest decided to invest in Motor City after realizing the lack of available apartments for rent for their agents, indicating a high demand and potential for good returns on investment.

What is the 'Nam Orbis' project mentioned in the podcast?

The 'Nam Orbis' project is a development by SHA that consists of seven towers interconnected by a podium, offering resort-style amenities such as multiple swimming pools, a Lazy River, a Beach Edge, and a Clubhouse.

What are the starting prices for one and two-bedroom apartments in the 'Nam Orbis' project?

The starting price for a one-bedroom apartment is $270,000, and for a two-bedroom apartment, it is $450,000.

How does the podcast describe the demographic of Motor City?

Motor City caters to upper-middle-class professionals, families, and those working in nearby hospitals and schools, with a preference for British curriculum schools.

What are the projected capital appreciation rates for the 'Nam Orbis' project upon handover?

The projected capital appreciation rate is 10% per year from the total cost of the apartment, starting from the date of purchase, leading to around 30% by the handover date.

What is the payment plan offered for the 'Nam Orbis' project?

The payment plan for the 'Nam Orbis' project is a 60/40 scheme, where 60% is paid during construction and 40% upon handover.

How does the podcast suggest utilizing the property for rental purposes in Motor City?

The podcast suggests that properties in Motor City can be rented out for both long-term and short-term stays, catering to professionals and those who may not have a salary certificate for bank loans.