2-bedroom apartments in 340 Riverside Crescent by Sobha Realty

<h2>Mohammed Bin Rashid City (MBR City): A Symbol of Modern Dubai and a Center of Prestigious Living</h2> <div><a href="#1">1. Location and History</a> <a href="#2">2. Attractions</a> <a href="#3">3. Beach Leisure</a> <a href="#4">4. Infrastructure and Living Amenities</a> <a href="#5">5. Development of Residential Complexes and Real Estate</a> <a href="#6">6. Popular Residential Complexes</a> <a href="#7">7. Real Estate Properties</a> <a href="#8">8. Transportation Accessibility</a> <a href="#9">9. Investment Opportunities</a> <a href="#10">10. Property Acquisition</a></div> <strong>Mohammed Bin Rashid City (MBR City)</strong> represents one of the most ambitious and expansive real estate developments in Dubai. Located in a strategically important neighborhood, MBR City combines luxury residential developments, state-of-the-art commercial spaces, diverse entertainment facilities and first-class infrastructure. The area is becoming a magnet for investors, residents and tourists seeking a high quality of life and exclusive opportunities. <h3 id="1">1. Location and History</h3> <div><strong>MBR City</strong> covers an area of over 5 square kilometers and is located in close proximity to downtown Dubai, just off Sheikh Zayed Road, one of the city's main thoroughfares. The MBR City initiative was launched in 2012 by the Government of Dubai under the leadership <strong>of His Highness Sheikh Mohammed bin Rashid Al Maktoum.</strong> The aim of the project was to create a self-sufficient neighborhood integrating top-tier residential, commercial and entertainment infrastructure.</div> <h3 id="2">2. Attractions</h3> <div>MBR City offers a variety of attractions including: <strong>- Dubai Miracle Garden:</strong> The largest flower garden in the world, covering an area of over 72,000 square meters with over 50 million flowers. <strong>- Ain Dubai:</strong> The world's largest Ferris wheel, 250 meters high, offers panoramic views of the city and the Persian Gulf. <strong>- MBR Park:</strong> A beautiful 5.5 square kilometer park with lakes, bike paths, picnic areas and playgrounds. <strong>- Emirates Airline Arena:</strong> A multi-purpose arena for concerts, sporting events and exhibitions with a capacity of up to 18,000 spectators. <strong>- Stores and Shopping Centers:</strong> Includes major shopping malls such as The Courtyard and The District, offering a wide range of stores, restaurants and entertainment venues.</div> <h3 id="3">3. Beach Recreation</h3> <div>Although<strong> MBR City</strong> is not located directly by the sea, the neighborhood includes several man-made lakes and reservoirs that create a water recreation atmosphere. MBR Park provides areas for water sports, boating and catamaran rides, giving residents the opportunity to enjoy water activities without going to the sea.</div> <h3 id="4">4. Infrastructure and amenities for living</h3> <div>MBR City has a comprehensive infrastructure including: <strong>- Educational Institutions:</strong> Over 20 international schools and universities including Dubai International Academy and University of Wollongong in Dubai. <strong>- Medical Centers:</strong> Modern clinics and hospitals such as American Hospital Dubai and Mediclinic Parkview Hospital provide high quality medical services. <strong>- Shopping Places:</strong> Many stores, supermarkets and boutiques including IGA Supermarket and Carrefour. <strong>- Entertainment Facilities:</strong> Cinemas, fitness centers, spas and children's entertainment complexes. <strong>- Recreational areas and parks:</strong> A variety of green spaces where you can walk, play sports or simply relax in nature.</div> <h3 id="5">5. Development of residential complexes and real estate objects</h3> <div>The development of <strong>MBR City</strong> is actively pursued with a focus on the creation of upscale residential complexes and commercial properties. Major development phases include the construction of residential towers, villas, townhouses and commercial buildings. To date, more than 30 real estate projects have been realized, offering modern and innovative solutions for comfortable living. The average cost of real estate in MBR City varies depending on the type of property and its location. Apartments start from AED 1.2 million (approximately $327,000), while villas can cost from AED 5 million (approximately $1.36 million) and up.</div> <h3 id="6">6. Popular residential complexes</h3> <div>Some of the most popular residential developments in MBR City include: <strong>- DMCC Residence Towers:</strong> Luxury high-rises with panoramic views, rooftop pools and fitness centers. <strong>- Marina View Residences</strong>: A complex of 40 apartments equipped with modern amenities and a private yacht club. <strong>- Emirates Greens Villas:</strong> Exclusive villas with private gardens, swimming pools and spacious terraces. <strong>- Gardenia Towers:</strong> High-rise buildings with 60 floors offering stylish apartments with access to fitness facilities and spas.</div> <h3 id="7">7. Real estate objects</h3> <div>MBR City offers a variety of property types for different categories of buyers: <strong>- Apartments:</strong> From cozy studios of 60 square meters to spacious penthouses of up to 800 square meters. <strong>- Villas and townhouses:</strong> Situated on plots ranging from 450 to 2000 square meters, equipped with private gardens and swimming pools. <strong>- Commercial Real Estate:</strong> Office space, retail space and hotels for business and investment. <strong>- Rental properties:</strong> High demand for rental properties, especially among expats and young professionals.</div> <h3 id="8">8. Transportation accessibility</h3> <div>MBR City has excellent transportation accessibility due to its location near major thoroughfares: <strong>- Sheikh Zayed Road:</strong> Provides quick access to central Dubai neighborhoods and the airport. <strong>- Dubai Metro:</strong> The nearest metro station is within a 10-minute drive, connecting MBR City to the rest of the city. <strong>- Bus Routes:</strong> An extensive network of bus routes providing convenient travel around the city. <strong>- Cab and car rental services:</strong> Available 24 hours a day, providing flexibility and convenience in getting around.</div> <h3 id="9">9. Investor Opportunities</h3> <div>MBR City provides a variety of opportunities for investors due to the steady growth of the real estate market and high demand for rental properties. The key benefits of investing in MBR City include: <strong>- High Yield:</strong> The average rental yield is <strong>7-9%</strong> per annum. <strong>- Capital appreciation:</strong> Property values in MBR City increase by <strong>10-12%</strong> annually. <strong>-</strong> <strong>Variety of properties:</strong> A wide range of properties allows investors to find an option that suits their strategy and budget. <strong>- Government support:</strong> The UAE government actively supports investment in real estate, offering transparent and favorable conditions for foreign investors.</div> <h3 id="10">10. Real Estate Acquisition</h3> <div>Purchasing real estate in MBR City is open to UAE nationals and foreign investors. The purchase process involves several steps: 1. Selection of the property: Market research and selection of suitable properties through agencies or directly from the developer. 2. Contract Signing: Negotiating the terms of the deal and signing the preliminary sales contract. 3. Payment of the deposit: Usually 10-20% of the value of the property. 4. Property Registration: Final registration of the property with the Dubai Department of Land (DLD). International buyers can own property on a freehold basis in free zones, which includes MBR City. The UAE legal system ensures the protection of owners' rights and transparency of transactions.</div> <strong>Conclusion</strong> <strong>Mohammed Bin Rashid City (MBR City)</strong> is the epitome of ambition and modern trends in Dubai's urban development. Combining luxurious living spaces, a variety of entertainment options and first-class infrastructure, MBR City offers a high standard of living and a host of investment opportunities. Thanks to its strategic location, continuous development and government support, the area continues to attract the attention of both local residents and international investors, becoming one of the leading real estate hubs in the world. <strong>Ferrocom Real Estate</strong> is your real estate guides in Dubai! We can help you find the perfect place to live in Mohammed Bin Rashid City (MBR City) 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!