Who better than our carefully selected community specialists to offer some inside information on what it is to live in a neighbourhood? We have asked agents who specialise in a community to throw some light on buying and renting patterns in the chosen area.
Neena Dordevic
Senior Property Consultant, Driven Properties
Neena has specialised in City Walk for almost four years. She has sold and rented nearly 400 units in the community.
City Walk is a high-end, modern, low-rise and the only freehold community in Jumeirah.
City Walk Residences comprises 34 buildings built over 13 plots. Every building has a designated retail area on the ground level, therefore all amenities are just a few steps away. You can find supermarkets, pharmacies, coffee shops, boutiques, restaurants, nurseries, mosques and hotels on your doorstep. Each building also has a designated pool, gym, concierge, 24-hour security, children’s playgrounds, and parking for residents and guests.
Other prominent landmarks within walking distance are Al Khazzan Park, Valiant Clinic, the Coca Cola Arena which hosts concerts and events, and the City Walk mall, with plenty of retail shops, a cinema and entertainment options for kids and adults.
Location
• 10-minute drive to the public beach
• 5 minutes to DIFC
• 5 to 10 minutes to D3
• 12 minutes to Dubai International Airport
• 5 minutes to Dubai Mall
• 3 minutes to Sheikh Zayed Road
Searches for Buy (26%) vs. Rent (74%)
Buyers are usually end-users, although rental demand is much higher than sales demand. Even though City Walk prices have dropped (both rental and sales) in the past three years, they still haven’t dropped as much as the rest of Dubai because of the very high demand in this project.
The sales price per sqft in City Walk ranges from AED 1,500 to AED 1,750 (depending on the building location, unit layout, view and which floor it is located).
• The smallest unit is a 1-bedroom apartment with a size of 965 sqft (with a price of AED 1.5 million).
• The biggest unit is a 4-bedroom penthouse with a size of 7,380 sqft (with a price of AED 13 million).
Rental prices
| Property Type | Rent (AED ) |
| 1 Bedroom Apartment | 100,000 to 140,000 |
| 2 Bedroom Apartment | 150,000 to 190,000 |
| 3 Bedroom Apartment | 190,000 to 230,000 |
| 4 Bedroom Apartment | 270,000 to 370,000 |
| 4 Bedroom Penthouse | 400,000 to 500,000 |
Source: Driven Properties’ in-house transactions
Searches for Apartments (96%) vs. Villas (4%)
• The apartments are not chiller free. Chiller charges are based on consumption.
• City Walk is not a pet-friendly community.
• For investors, the net annual return on investment (RoI) is between 4 to 6 percent.
• The service charge in City Walk is AED 21.3 per sqft (including the terrace area).
Who lives here? Families (29%) Singles (32%) Couples (39%)
• It is a very family-friendly community. Residents are usually young families. However, there are couples or single residents as well who usually rent/buy 1-bed apartments.
• Majority of residents in City Walk work in D3, DIFC, Downtown and Airport Freezone.
Top searched keywords: View, new
The standard of City Walk apartments is very high end, contemporary and elegant. The open kitchen/living room style and solid wooden flooring give the apartments a European look. Floor-to-ceiling windows ensure the apartments get plenty of light, allowing the residents to enjoy the beautiful views that City Walk has to offer. The most premium and in-demand units are those facing the Boulevard. However, there are other units that offer views of Jumeirah or lush gardens and pools.
Frequently Asked Questions
All buildings are made by the same developer and same contractors, so there is no best or worst building in City Walk. It purely depends on the client’s criteria, for instance building location, building finish, etc. The most preferred building is potentially Building 1 (quartz residence) due to its location and style of furnishing.
The oldest building or first building was handed over in City Walk in July 2017. The newest building is one-and-a-half years old. We don’t have any brand new apartments in City Walk.
There are two styles of finishes in City Walk: light wood and dark wood. However, the choice is very subjective and depends on the client’s preferences. The light wood finish is more minimal in style while the dark wood finish is more elegant. However, the quality of both finishes is the same.
All data powered by Data Finder, the real estate insights and data platform under the Property Finder Group. For a more detailed trends analysis, please visit datafinder.ae
