Dubai Hills Estate is a new and developing community in central Dubai. It has incredible facilities and amenities and is incredibly family-friendly which is why it is rapidly becoming an incredibly popular and sought-after location.
This is our complete guide on the pros and cons of living in Dubai Hills Estate and the reasons to buy property in the area.
Where is Dubai Hills Estate?
Dubai Hills Estate is a luxury residential area located in Mohammed bin Rashid City, Dubai, United Arab Emirates.
It is easily accessible from various famous neighbourhoods of Dubai, including Emirates Hills, Dubai Marina, and Downtown Dubai. It is very close to Al Quoz and Al Barsha, which are two of the trendiest shopping areas in Dubai. Conveniently, Dubai International Airport is just 25 minutes away making it very easy to travel internationally without having to travel too far to get to the airport.
Residents of this neighbourhood can also reach the nearby business districts with ease. These include Dubai Knowledge Park, the media hub (also known as Dubai Media City), and Dubai Internet City, making this area ideal for professionals in the business district. The estate also has plenty of office spaces to make working as convenient and accessible as possible.
Living in Dubai Hills Estate
This estate is 11 million square metres and is set to become home to 1 million people and has a huge range of properties available for you to choose from. This neighbourhood is an excellent residency thanks to the delightfully seamless blend of luxurious lifestyles and tranquillity.
There are gated communities available with villas and townhouses allowing for the perfect safe and comfortable family life, especially due to the fact that this is a pet-friendly area. The area also boasts a children’s park, splash park and skatepark making it perfect for keeping kids entertained.
Family living is weaved throughout this location. It has renowned educational institutions that follow a range of curriculums, including British, IB and Indian curriculums. It is also conveniently located 20 minutes away from Dubai Knowledge Park which is an incredible educational hub, housing universities and educational institutions, such as the University of Bradford Dubai, University of Wollongong Dubai and Middlesex University Dubai.
However, the huge range of amenities as well as dining and entertainment options allows for an excellent bachelor lifestyle to thrive here as well. This area has the ultimate haven of peace and serenity nestled in the city centre location.
Dubai Hills is also home to the colossal Dubai Hills Mall which is 2 million square feet in itself and houses cafes, restaurants and shops to allow you to indulge yourself in style and shop. There is also a range of beautiful hotels for tourists and guests to stay in luxury.
This area is abundant with incredible amenities and facilities. This includes unbelievable sports facilities: wide open green areas, a tennis academy, golf facility, running track, volleyball court, outdoor gym and skate park. Dubai Hills Golf Club is also in this development, with an 18-hole golf course alongside a floodlit putting course, a golf academy complete with top-of-the-range technology to track performance and PGA instructors to help you improve your golf ability.
This is a self-sufficient neighbourhood that raises the bar for luxury living.
Is Dubai Hills Estate a good investment?
Dubai Hills makes for an incredible investment opportunity as well as being the perfect family residency.
It has a brilliant balance between mid-budget apartments to extravagant villas and townhouses. With its large existing choice of properties, which is constantly growing, phenomenal amenities and close proximity to Dubai’s centre, it is a very sought after area and one that boasts good profitability.
The average resale can offer a 20 to 30% profit in foreign currency and renting the properties can bring healthy profits that range depending on factors like square footage and property type. Management companies charge an average of 15-18% of the annual turnover for their services.
Recent data has shown that average property prices in Dubai Hills have increased to AED 1,483 per square foot in 2022. This indicates a year on year growth of 32.9% meaning that any property investment is set to become a very lucrative investment with the growing popularity and demand of this beautiful area.
Apartments, which typically range from 1 to 4 bedrooms in this area, can bring average rental yields of 4.9-5.2% and similarly villas in the area, which tend to range from 3 bedrooms to 7 bedrooms and can bring rental yields of 4 - 5.5%.
How much is an Apartment in Dubai Hills Estate?
If you are considering purchasing a property in this coveted neighbourhood, you may be wondering how much certain properties will cost.
Dubai Hills Estate is home to a huge range of apartments which all come with varying price tags. They tend to start at around AED 1,000,000 and range upwards towards AED 4,500,000 for a 4 b4-bedroomedroom apartment. 5+ bedroom apartments are much more rare and come with a much higher asking price, with prices starting from around AED 8,000,000 and increasing significantly.
How much is a Villa / Townhouse in Dubai Hills Estate?
Dubai Hills Estate has a huge selection of exquisite townhouses and villas which are perfect for families looking to live in this exclusive area of luxury. The prices do vary depending on the size and the area of the estate you live in. 4-bedroom villas average at AED 6,000,000 (with cheaper properties being available) whereas 7-bedroom villas are on average AED 32,000,000.
It’s worth noting that there is a huge range of properties in this estate and larger properties with more bedrooms do come with higher prices than their smaller counterparts. Larger properties, over 7 bedrooms, are much more expensive and properties with less than four bedrooms tend to be much cheaper.
The Cons of Living in Dubai Hills Estate
Although there are plenty of advantages of living in Dubai Hills, there are small aspects of the estate that you may find unsuitable.
Firstly, Dubai Hills Estate is constantly developing and its growing popularity means that it is always expanding due to the fact it is still in its developmental stages. This means that there is ongoing construction in the area. Although the majority of this construction is away from existing residential areas it is worth knowing of these construction sites as they may be a concern of yours.
Dubai Hills currently is lacking in public transport facilities compared to other residential areas of Dubai. However, as Dubai Hills develops and grows this is expected to change. For the time being, residents are able to use the metro and bus facilities in Al Barsha, a nearby community. Although, it may not be as readily and conveniently available as some residents may be want when looking to buy.
Should I Buy a Property in Dubai Hills Estate?
Dubai Hills has it all: family-friendly properties, an unimaginable range of facilities and services, incredible amenities and the promise of the dream lifestyle in one of Dubai’s most desirable locations. With its ever growing value, the properties in this freehold community are sure to be a safe investment and due to its central location, you are never too far from the endless number of things to do in Dubai.