Real Estate Market Prices in Production City, Dubai (2024)

As one of Dubai’s emerging residential and commercial districts, Production City (formerly known as IMPZ) offers a promising opportunity for those looking to buy property. Situated in a strategic location near key business areas like Dubai Silicon Oasis, Dubai Sports City, and Dubai Investments Park, it has increasingly become a desirable area for both investors and end-users. With its evolving infrastructure, competitive prices, and promising future, Production City is poised to be one of Dubai’s next hotspots for property buyers in 2024.

This guide will provide insights into current property prices in Production City for those looking to buy, along with factors affecting these prices and key developments that could impact the real estate market in the area.

Current Property Prices in Production City (2024)

As of 2024, property prices in Production City are showing a steady upward trend. While the area remains relatively affordable compared to central Dubai neighborhoods, prices have increased due to the increasing demand and the development of new infrastructure. Below are the average prices for buying properties in Production City:

1. Studio Apartments

• Average Price: AED 300,000 – AED 500,000
• Overview: Studio apartments are an affordable entry point for first-time buyers or investors. These units are popular with young professionals and singles, offering compact yet functional living spaces.

2. 1-Bedroom Apartments

• Average Price: AED 500,000 – AED 850,000
• Overview: One-bedroom apartments are ideal for individuals or couples. These units offer a balance of affordability and space, making them highly sought after by both investors and end-users.

3. 2-Bedroom Apartments

• Average Price: AED 850,000 – AED 1,200,000
• Overview: Two-bedroom apartments cater to small families or those seeking more space. Prices vary depending on the size and amenities, but the area remains more affordable than many other parts of Dubai.

4. 3-Bedroom Apartments

• Average Price: AED 1,200,000 – AED 1,800,000
• Overview: For larger families, three-bedroom apartments provide more space and privacy. These units are typically located in newer buildings with more modern features and amenities.

5. Villas and Townhouses

• Average Price: AED 1,800,000 – AED 3,000,000
• Overview: While Production City is primarily known for apartment living, there are also villas and townhouses available. These properties cater to larger families seeking more space, privacy, and access to outdoor areas.

Key Developments and Upcoming Projects

Several new developments in Production City are expected to influence property prices in 2024 and beyond. Some of the prominent projects include:

• Dubai Production City Residences: This is a mixed-use development featuring residential towers with modern amenities such as swimming pools, gyms, and retail spaces. With new high-quality living options, property prices are expected to rise once the project is completed.
• DAMAC Hills Residences: Located on the outskirts of Production City, DAMAC Hills is a premium residential development offering villas and townhouses, as well as access to world-class golf courses and recreational facilities.
• Mixed-Use Developments: New mixed-use complexes are under construction, offering residential units alongside retail, dining, and entertainment spaces. These developments are expected to enhance the overall appeal of Production City, driving demand and increasing property prices in the area.

Conclusion

Production City, Dubai, presents an attractive option for homebuyers in 2024, offering competitive prices, excellent connectivity, and a rapidly developing community. Whether you are a first-time homebuyer, an investor seeking rental returns, or a family looking for more space, the area provides a variety of options to suit different needs and budgets.

With its mix of affordable apartments, villas, and townhouses, as well as ongoing development projects that will increase the area's appeal, Production City represents a solid investment opportunity for those looking to purchase property in Dubai.