Belgrove Residences By Ellington Properties In Meydan Horizon, MBR City, Dubai

Belgrove Residences by Ellington Properties

Belgrove Residences is a premium 32-storey complex by Ellington Properties in Meydan Horizon, MBR City. The design of the building is inspired by Ras Al Khor Wildlife Sanctuary flamingoes, embodying beauty and elegance.

The project features a range of 1-3 bedroom apartments, including 2.5-bedroom units. The property sizes stand at 754 sq. ft-1,527 sq. ft. Each residence will come with a laundry room, a powder room and 1 or 2 balconies. Select 2-bedroom apartments will boast studies as well.

Please note that 1-2 bedroom apartments will have 1 parking spot, whereas 3-bedroom units will come with 2 spaces.

One of the privileges of Belgrove Residences is easy access to the crystal lagoon. Also within the complex will be multiple lifestyle-oriented amenities, such as a flamingo lounge, an outdoor silent cinema, picnic pods, retail stores, boutique cafes, a pool deck, a fitness studio, and a yoga studio. Not forgetting an infinity swimming pool, a rooftop club lounge, a play area, a games room and an air-conditioned arcade.

About Location
District 11 MBR City in Dubai

Belgrove Residences will be located within the vicinity of Ras Al Khor Road and Al Ain Road. As a result, you can enjoy hassle-free commutes to/from key points of Dubai, such as Dubai International Airport, Business Bay and Downtown Dubai. These addresses can be reached within about a 15-minute drive.

In addition, the complex will be adjacent to the future metro station, facilitating travels across the city.

Within a 10-minute drive, you'll have easy access to a variety of essential services and leisure options. The Nad Al Sheba Health Center is close by for any medical needs, while Spinneys offers a diverse selection of groceries. Academic institutes nearby include North London Collegiate School and Hartland International School Dubai.

If you're looking for outdoor activities, Nad Al Sheba Park provides a welcoming green space. Golf enthusiasts can enjoy The Track at Meydan Golf and Meydan Racecourse is a renowned venue for exciting horse racing events. Last but not least, Ras Al Khor Wildlife Sanctuary is the perfect spot for nature lovers.

The average ROI for apartments in MBR City is 7%, with the starting rental rates of AED 70K (USD 19K), as of Q3 2024. With such indicators, you can surely count on stable passive income if you decide to rent out your property in Belgrove Residences.

By investing in Belgrove Residences, you qualify for either a 2-year or a 10-year visa, both of which extend to your spouse and children. The 10-year Golden visa also includes coverage for domestic staff.

Frequently Asked Questions & Answers

According to Mercer’s survey 2024 Cost of Living City Ranking, Dubai still ranks in 15th position making it one of the appealing choices for real estate investors or buyers. According to the ideal estimation, the average cost of living in Dubai for an individual is between AED 5K to AED 5.5k monthly. Further, with a family of an average of four persons, one has to pay around AED 17K a month.

As a resident of UAE, you have to renew your driving license every 5 years. However, being a UAE or GCC national will increase this duration of renewal to 10 years. The process of license renewal is exceptionally easy as you can do this online via the RTA website, RTA smart App, Dubai Driving App or through self-service machines at any of the available Customer Happiness Centres. Additionally, it is significant for you to settle any of the traffic fines before the renewal. Besides, if you are under 21 you only need a valid Emirates ID. On the other hand, individuals above 21 age have to show an eye test certificate. The fee amount of this is AED 120 (USD 32) for customers younger than 21 and AED 320 (USD 87) for the driver above the age of 21. After applying for renewal you will get a temporary driving license. The time it will take for the renewal is between 5-15 days

You can sell your property in Dubai in just seven simple steps; Selecting a reputable real estate agent or agency, filling out forms A and B, Advertising your property for sale, setting the right price, signing Form F, Obtaining NOC, and finally transferring Ownership. These steps may vary, therefore, it is significant to take a property guide before selling your property asset.

There are various reasons why it is highly positive to invest in real estate in Dubai. One of the major reasons that make Dubai real estate attractive is the comparatively low prices of Emirates than Europe, America and Asia. Furthermore, investment in Dubai real estate is one of the major reasons in terms of reducing inflation. This is because there is a direct relation between the economic indicators and the demand for real estate. Another benefit of investing in Dubai real estate is a 3-year investor visa which you can obtain after purchasing ready-to-move property for a minimum amount of AED 750K (USH 205K), or a 5-year investor visa on opting for a ready-to-move residence for the initial cost of AED 2M (USD 545K). As a visa holder, you can bring your spouse and children to the UAE conveniently. Finally, the rental property in Dubai can generate an upto-staggering ROI of 8-10%, which is exceptionally impressive.

Many individuals wonder if foreigners can invest or buy property in Dubai and whether it can be considered a good long-term investment. The answer is yes, non-resident investors, expats, and foreign nationals in Dubai can own property on a freehold basis. This simply means that individuals can lease, buy or sell their property. Besides foreigners can buy property in Dubai for various lengths of time including freehold property, leasehold for up to 99 years or common hold with no age restrictions.

Dubai real estate is dynamic as well as comes in various price ranges from affordable property options to luxury real estate. The price of the residence is generally influenced by the location. On the other hand, the least expensive areas to buy apartments in the Emirates include Dubai Production City and International City. On the other hand, a few of the districts including NASHAMA Town Square and Serena offer low-cost exquisite living.

Dubai real estate offers plenty of property options, which you can opt for on an affordable budget. As of 2024, a few of the top affordable communities to invest in for beginners are Jumeirah Village Circle (JVC), International City, Dubai South and Dubai Investment Park.

In the bustling metropolis of Dubai, a shining Emirates of the UAE residents are allowed to buy properties in the designated freehold areas, Off-plan development, is highly appealing as their prices are exceptionally low and the developers offer attractive payment plans.

If you are a foreigner, you can acquire freehold ownership without any restriction whether it is a freehold property contract, off-plan property or a lease up to 99 years with no Visa required. Besides this, primarily you have two choices to invest in Dubai real estate either to invest in off-plan property or ready-to-move property.

The start with, the investment property market of Dubai offers high rental yields as compared to other stable real estate markets the ROI in Dubai is much higher that is up to 10% making it one of the highly appealing locations to invest. Additionally, the residences have world-class infrastructure, you can experience high-end living and economic stability all at once.

Off-plan properties in Dubai are the development projects that are under construction. In recent times, the interest of buyers in off-plan properties in Dubai has drastically increased. As per the news report by Arabia Business, in 2024 in July off-plan properties in Dubai, these properties accounted for 60% of property transactions which is a 49% increase from the previous year of 2023.

The process of buying an off-plan property in Dubai is exceptionally easy. As Dubai's real estate market is open for any of the buyers, the only things you will require are a Visa/Emirates ID and a passport copy.

Obtaining citizenship in the United Arab Emirates is easy and does not require a complex process. There are various neutralization methods including residency, marriage, merit, investment, Arabic proficiency and good reputation.

Purchasing a property in Dubai will grant you numerous positive outcomes from high rental yields of up to 10%, to unmatched amenities from exclusive and strategic locations to attractive opportunities to invest.

As the rule of residence, was implemented in 2019 that is UAE’s Golden Visa system offers long-term residence visas. This visa is automatically renewed on the condition that all the rules are adhered to. This visa is issued for the duration of 5 or 10 years.

Although the minimum investment amount required in Dubai depends on various factors the range may start from a few thousand AED to millions of AED. However, on average or according to the rough estimate the minimum investment amount in Dubai ranges from AED 10K to AED 50K.

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