District Oud Metha

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Oud Metha: A Modern and Dynamic Neighborhood in Dubai

1. Location and History
2. Attractions
3. Beach Leisure
4. Infrastructure and Living Amenities
5. Development of Residential Complexes and Real Estate
6. Popular Residential Complexes
7. Real Estate Properties
8. Transportation Accessibility
9. Investment Opportunities
10. Property Acquisition

Oud Metha is one of Dubai’s most prestigious and dynamic neighborhoods, combining rich history, modern infrastructure and a convenient location. In this article, we take an in-depth look at the key aspects of the Oud Metha neighborhood, including its location, attractions, infrastructure and investor prospects.

1. Location and History

Oud Metha is located in the southern part of Dubai, between the neighborhoods of Al Barsha and Dubai Healthcare City. Geographically, the area covers an area of about 2 square kilometers and is bordered by major thoroughfares such as Sheikh Zayed Road and Al Khail Road. Historically, Oud Metha developed as an important residential and commercial center due to its proximity to university campuses and medical facilities.

2. Attractions

Oud Metha is home to many attractions that attract both locals and tourists:
– Dubai Health Authority (DHA): a large medical complex providing a wide range of services.
– Yasmin Park: a 5-hectare green space with playgrounds and picnic areas.
– Al Wasl Road: the main avenue of the neighborhood, known for its kitchens and cafes serving international cuisine.

3. Beach Vacation

Although Oud Metha does not directly border the sea, the nearest beaches can be reached within 20-30 minutes by car. Popular beaches nearby include Jumeirah Beach and Kite Beach, offering clean sand, sports courts and a variety of water activities.

4. infrastructure and amenities for living

Oud Metha is famous for its developed infrastructure. There are more than 150 educational institutions in the area, including renowned universities such as Zayed University and Higher Colleges of Technology. Medical services are represented by more than 20 clinics and medical centers. In addition, there are numerous supermarkets, shopping centers (e.g. Mercato Shopping Mall with an area of over 80,000 sqm), fitness clubs and entertainment venues.

5. Development of residential complexes and real estate developments

In recent years, Oud Metha has been actively developing towards residential development. More than 30 new residential complexes have been built in the area, offering a variety of housing types from studios to four-bedroom apartments. The total area of residential real estate exceeds 500,000 square meters, which indicates a high level of demand for housing in the area.

6. Popular residential complexes

Some of the most popular residential developments in Oud Metha include:
– Dubai Healthcare City Residence: offers stylish apartments with top-notch amenities.
– Belle Vue Area: known for its family villas and penthouses with panoramic views.
– The Meadows: A luxury development with spacious apartments and expansive green spaces.

7. Real Estate

The real estate market in Oud Metha is diverse. Prices for apartments start from AED 700 per square foot and villas can cost from AED 1.2 million. The average rent for a studio apartment is around AED 60,000 per year, making the area attractive for both buying and renting homes.

8. Transportation accessibility

Oud Metha has excellent transportation accessibility. The area is served by two metro stations, Emirates Towers and Dubai Healthcare City, allowing easy access to the city center and the airport. In addition, there is an extensive network of buses and cabs in the area. The average travel time to the Dubai Marina business center is about 20 minutes by car.

9. Investor Opportunities

Investing in Oud Metha real estate promises high returns. Population growth and stable demand for housing ensure steady price increases. The average rental yield of real estate in the area is about 6-7% per annum. Additional advantages are the developed infrastructure and proximity to medical and educational institutions, which attracts both expats and locals.

10. Real Estate Acquisition

The process of acquiring real estate in Oud Metha is relatively easy for foreign investors. Dubai has free ownership for foreign nationals in certain zones, including Oud Metha. The procedure involves the following steps:
1. Property selection: a wide selection of residential and commercial properties.
2. legal verification: it is recommended to use the services of a lawyer to verify the documents.
3. Financing: it is possible to obtain a mortgage from local banks with a down payment from 20%.
4. Conclusion of the transaction: signing of the sale and purchase agreement and registration of the property with Dubai Land Department.

Conclusion
Oud Metha is an ideal combination of convenient location, developed infrastructure and attractive real estate prices. The neighborhood’s steady growth and high quality of life make it an excellent choice for both residential and investment. Whether you are considering buying a home for yourself or looking for a lucrative investment opportunity, Oud Metha is worth considering.

Ferrocom Real Estate is your real estate guides in Dubai!
We can help you find the perfect place to live in Oud Metha or any other neighborhood in Dubai. We offer a wide range of apartments, villas and townhouses at the best prices.
Contact us today and start realizing your dreams of living in Dubai!