Dubai Science Park Community - A Guide to the Best Investment Area

Dubai Science Park is becoming an increasingly attractive location for residential property investment due to the growing demand for both long- and short-term rentals. If you are looking for an investment opportunity with the potential for stability and high returns, Dubai Science Park could be the ideal choice. Dubai Science Park covers an area of 300 hectares and was established in 2015. 

It currently has:

• 4,000 skilled professionals in the biotechnology and healthcare sectors. 
• 450 biotechnology companies currently have headquarters here; some better-known companies include Pfizer, AstraZeneca, and Virax Biolabs. 
• Around 40 new companies are added every year.

Dubai Science Park continues to expand to support regional research and development. The park's storage and logistics capacity is expected to grow by 147%. This presents an opportunity for investors to gain a share of the region's growing commercial real estate market.

With the development of the park, demand for office and retail spaces will increase, leading to increased prices and profitability as well as resident investment. In early 2024, the master developer announced huge future investments and a plan to build a new medical facility, laboratories, and office space, totaling 20,000 square meters. There are two large medical facilities in Dubai Science Park:

• Neurospinal Hospital is world-renowned and specializes in neurology and neurosurgery.
• Another well-known hospital is Genesis Health Care Center, which focuses on genetics, developmental defects, and prenatal care. 

The foundation of a quality community is lots of green spaces, and Dubai Science Park delivers it all. In the central area is the sprawling green escape park where visitors can run on a 1 km soft jogging track, play basketball and football, or grab a snack at the on-site kiosk. There is an extensive playground for children, where everyone will enjoy some peace and solitude while listening to the local birds singing.

Dubai Science Park is strategically located near the major highways in Dubai, such as the Umm Suqeim Road, Al Khail Road (E44), and Sheikh Mohammed Bin Zayed Road (E311), allowing easy access to the rest of Dubai and providing connectivity to the nearest beach within 13 minutes and Downtown Dubai within 20 minutes. Public transport is provided by the F-36 bus, which connects Dubai Science Park to one of Dubai's largest shopping malls, the Mall of the Emirates, where one can explore the diverse array of shopping and dining options.  

A new Metro station is planned to connect Dubai Science Park to the red line. This infrastructural investment will support workforce mobility and facilitate access for residents and visitors. It will also increase the capital value of investments.

As an investor, for residential apartments in Dubai Science Park, one can expect a significant increase in the capital value of the property in the coming years. The area is rapidly developing and becoming a hub of innovation and entrepreneurship in Dubai.

Several new residential projects are currently under construction in Dubai Science Park, such as the Binghatti Hills. Developers are realizing the potential of this developing location and are trying to attract investors by offering quality properties at attractive prices. Buying an apartment in the new projects promises investment potential as their value can be expected to increase over time, and investors who buy at this stage can gain high capital appreciation and yields on short-term rentals.

An advantage of Dubai Science Park is that it is not 100% dependent on tourism but also attracts business travelers who seek smaller apartments when traveling alone or larger apartments when coming for a work placement with the whole family.

• As the number of companies and institutions dedicated to science and research in Dubai Science Park grows, the demand for long-term leases, whether for scientists and their families or the company's employees, will increase in the coming years, presenting an opportunity for investors. 
• As the number of conferences and events at Dubai Science Park grows, the demand for short-term accommodation such as hotels or apartments increases. The high occupancy rates and high prices for short-term rentals in Dubai Science Park promise residential investors in the area a very interesting return on their investment.
• Investments by the master developer and private developers in further infrastructure developments such as shops, cafes, and restaurants will increase the attractiveness of the whole area. 
• There are currently around 100 apartments of various sizes available in this location. Large two-bedroom apartments can expect a higher capital value increase because they are more liquid just before handover. 
• Their average year-round occupancy is 64%, the same occupancy rate as in Dubai Marina for small studio apartments, which are suitable for singles and couples as well as for larger 1-bedroom and 2-bedroom apartments suitable for families.

So, Dubai Science Park is developing to become a more diverse and popular community with future advancements and infrastructural developments. For buyers as well as investors, this innovative business community is a rising and beneficial option, as it will help them earn more returns on investment and high capital appreciation on their properties.  

For further such pieces of information and insights, you can reach out to Dubai Housing, a credible source that will guide you to buy and invest in the right properties at the right time to earn more profits and revenues.