Expo City emerges as Dubai’s newest budget-friendly property location emerges – JVC holds on to its top spot

The “Expo City” is quickly turning into the preferred location for purchasers looking for affordable properties in Dubai.

Expo City, Dubai’s newest off-plan option, which had its initial release in March, is actually already in competition with Al Furjan and Jumeirah Village Circle for these investors. For instance, at Expo City’s Mangrove Residences, a one-bedroom unit is priced at Dh1.39-Dh1.59 million, while a two-bedroom unit costs Dh2.05 million to Dh2.55 million.

Five years of the seven-year payment arrangements for buyers are post-handover.

“Expo City home prices to date are yet to see the heavy mark-ups that most locations elsewhere in Dubai have been seeing,” said an estate agent. “These are direct from the developer, have the proximity to the major legacy attractions of the Expo, and Expo City itself is being heavily promoted as Dubai’s newest place to live and work.

“The Mangrove Residences is a taster of what the location can offer later. Future releases will see that premium added.”

The master developer has also introduced the ‘Expo Valley’ with its 3-/4-bedroom townhomes and 4-/5-bedroom villas, indicating that they are in fact using a phased approach to the off-plan debuts.

“The payment plans are quite affordable,” said Ahmed Al Khatib, Chief Development and Delivery Officer of Expo City Dubai, during a recent media tour of the project. “Fifty percent of the payment needs to be done before handover, and the remaining over the next five years.”