Dubai Studio City
About Dubai Studio City
Dubai Studio City is a commercial cum residential area developed in Al Qudra Road in Dubai City. It spreads over 22 million net sqft of the area. It was launched in 2005 to be a media & entertainment city. Besides being regarded as an office business location for film, television, and advertising firms, Dubai Studio City also comprises many residential apartment buildings. Officially owned by TECOM Investments, it is Part of the "media trio" along with Dubai Media City and Dubai Production City.
There are parks, café, shops, and recreational facilities within walking distance from these apartments. It is also near other well-known areas, such as Sports City, Motor City, and Arabian Ranches. Dubai Studio City generally provides a free-zone living environment free from a noisy and chaotic Dubai central part.
Properties in Dubai Studio City
Talking about properties Studio City mainly provides commercial lots, but there are also residential premises starting from studios up to 1, 2 or 3-room flats. The residential towers have facilities for playing, a swimming pool, green areas, parking, etc and are divided into zones like Glitz 1, Glitz 2, and Glitz 3. Currently, Studio City cannot offer buyers luxury villas at this time.
Average Property Prices in Dubai Studio City
The average annual rental prices for apartments in the area are as follows:
| Property Type | Price |
|---|---|
| Studios | AED 30,000 |
| 1 Bedroom | AED 45,000 |
| 2 Bedrooms | AED 60,000 |
| 3 Bedrooms | AED 70,000 |
There are also shops for rent with prices around AED 100,000 yearly. The average sale prices of different property types are:
| Property Type | Price |
|---|---|
| Studios | AED 390,000 |
| 1 Bedroom | AED 590,000 |
| 2 Bedrooms | AED 875,000 |
| 3 Bedrooms | AED 1,040,000 |
Studios can be bought from AED 340,000 while 1 BHKs range from AED 490,000 to AED 700,000. Larger units are priced higher as well.
ROI in Dubai Studio City
Investing in real estate provides rental income opportunities. Approximate expected rental yields are:
| Property Type | ROI |
|---|---|
| Studios | 6.3% |
| 1 Bedroom | 6.3% |
| 2 Bedrooms | 6% |
| 3 Bedrooms | 7.5% |
Especially 3 bedroom apartments can potentially generate higher returns of up to 7.5% for investors. Overall, properties in Dubai Studio City ensure lucrative returns through investments.
