Dubai Maritime City
About Dubai Maritime City
Dubai Maritime City (DMC), a carefully constructed neighbourhood in the heart of Dubai, has been specifically designed to meet the needs of the maritime industry. The Dubai Maritime City Authority, which is responsible for this bold venture, aims to cement Dubai's status as a global maritime centre. The 2.27 million square metre district is ideally located between Port Rashid and Dubai Drydocks, providing easy access to the Arabian Gulf and the world's major shipping routes.
The property market in Dubai Maritime City
Dubai Maritime City's property panorama is dominated by commercial and industrial zones tailored to the specific needs of the maritime sector. The district is divided into numerous zones, each catering to a specific industry segment, such as ship repair and maintenance, maritime facilities and offshore expansion. Although primarily commercial space, residential property is also available for maritime industry employees who want to live close to their workplace. Investors looking to capitalise on the burgeoning maritime sector will find a wealth of opportunities in this specialised district.
Property prices in Dubai Maritime City
Given the specialised nature of the market, property prices in Dubai Maritime City can vary significantly depending on the property category and location within the district. Industrial plots and warehouses can cost between AED 100 and AED 150 per square metre, while office space can cost between AED 70 and AED 120 per square metre. Residential space is scarce in the area; however, rents for a one-bedroom flat start at AED 50,000 per year.
Infrastructure in Dubai Maritime City
Dubai Maritime City has excellent connections to Dubai and the United Arab Emirates. It is located just 10 kilometres from Dubai International Airport and is easily accessible via major roads such as Sheikh Zayed Road and Al Khail Road. In addition, its proximity to Jebel Ali Port - the largest man-made harbour in the world - underlines its strategic importance in the maritime sector.
Leisure and entertainment
Due to its industrial focus, there are few leisure and entertainment options in Dubai Maritime City. However, some of Dubai's most famous attractions such as Jumeirah Beach, Mall of the Emirates and Dubai Mall are within easy reach. In addition, the neighbouring Al Shindagha Waterfront Development offers a variety of restaurants and leisure options for those who want to relax after work.
Amenities and health care
Dubai Maritime City is equipped with a variety of facilities that cater to the needs of the maritime industry, including workshops, warehouses and office space. The district is also home to the Maritime Business Centre, which offers conference and meeting rooms as well as restaurants and cafés for business people. Several hospitals and clinics are located in the immediate vicinity of the district and offer good medical care.
Public transport and parking facilities
Due to the industrial nature of Dubai Maritime City, there is little public transport. However, the district is seamlessly connected to Dubai's extensive public transport network, which includes buses and the Dubai Metro. There is ample parking within the district, including large multi-storey car parks and designated zones for trucks and heavy machinery.
Economic attractiveness in Dubai Maritime City
Dubai Maritime City's economic appeal stems from its consistent focus on the maritime sector, providing a state-of-the-art and well-equipped core for businesses and professionals in this field. The district's strategic location, state-of-the-art infrastructure and supportive regulatory environment make it a prime destination for maritime companies looking to establish a foothold in the region. Furthermore, the increasing importance of the maritime sector in Dubai's economy ensures that the district will continue to attract investment and growth in the coming years.
In summary, Dubai Maritime City is a unique and specialised district that offers unparalleled opportunities for businesses and professionals in the maritime sector. Its strategic location, state-of-the-art infrastructure and thriving commercial milieu make it an enticing investment destination for those looking to capitalise on Dubai's burgeoning maritime sector. With a wealth of amenities and seamless access to the rest of the city, Dubai Maritime City is poised to become an indispensable centre for the region's maritime industry in the foreseeable future.
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