Properties for Sale in Falconcity
About Falconcity
Falconcity is a multipurpose mega project in Dubailand that was launched in April 2005. The developer of this residential community is a private company called Falconcity of Wonders LLC, the founder of which is Salem Ahmad Abdullah Almoosa. The company initiated an impressive masterplan to expand Dubai’s tourism sector, as well as to attract a high number of home buyers and investors. The total built-up area of Falconcity is over 41M square feet, and features commercial, residential, leisure and mixed-use neighbourhoods to cater the needs of tourists, residents, visitors and buyers.
Falconcity is not just a name, the project is actually shaped like a falcon to represent the emblem of the UAE and to display the country’s heritage. The original concept and design of the smart city belongs to the US-German architect Esat Farman. The development was presented to the public three times: at Expo 2015, Bombay Exhibition Center 2015, and at Cityscape Global 2016. It gained a lot of attention at the time, as investors and buyers saw the potential of Falconcity to become a significant landmark in Dubai and the whole region. The main feature of the project is a mix of buildings inspired by the ancient and modern Wonders of the World.
The masterplan of the high-end residential community includes:
- shopping malls
- hotels
- fine-dining venues
- health clubs
- spas
- educational institutions
- parks
- commercial facilities
- sports venues
- family centers
- signature theme park
The development hosts more than 20 sub-communities, across 1.3M sq. ft, with 30,000 premium residential properties of different layouts and sizes to suit the preferences of any buyer. The real estate in this area represents over 25 countries and are designed in five distinguishable themes: Santa Fe (Mexican), New World (North American), Andalusia (Spanish), Aegean (Greek) and Moroccan Mansion (Arabian). A range of residential units are available for sale and to rent, including apartments, hotel apartments, townhouses and villas.
Developers in Falconcity
Infrastructure
Falconcity in Dubailand is located in close proximity to the intersection of two main roads, Sheikh Mohammed Bin Zayed Road and Dubai Al Ain Road which means the commute is easy and very convenient for residents to reach different areas within Dubai. Falconcity also has a well-developed bus service, with 3 bus stops located within 10-15 minutes’ from the community, including Eppco, Muntazah Petrol station 1, Silicon Oasis North Park 1 and Silicon Oasis Lake.
Residents have easy access to multiple amenities and facilities in the area including international schools, healthcare establishments, places of worship, supermarkets, health and fitness clubs, beauty parlours and gourmet restaurants. This means that residents rarely have to leave the area for their day-to-day essentials and for entertainment. Dubai International Airport is a 25 minute drive away, which is convenient for those who travel on a regular basis. Major attractions of Dubai, such as Global Village theme park, Miracle Garden, Mall of the Emirates, the Burj Al Arab and Dubai Creek Tower, are all only 20-35 minutes’ away from Falconcity.
The development is situated near to many notable residential communities in Dubai within a 25 minute drive residents can get to The Villa, and Al Barari, which is a beautiful ecological development with stunning gardens. For business and commercial purposes, there is the popular district of Silicon Oasis, located15 minutes’ away by car. Silicon Oasis is one of the most important free economic zones in Dubai, aimed at attracting regional and international technology companies. Academic City, the world’s largest free zone dedicated to higher education, is 15 minutes’ away from Falconcity. This area brings top regional and international universities from the UK, Australia and other countries to Dubai. Some of these include the University of Birmingham and American University.
Entertainment
Falconcity is a massive entertainment hub that offers many options for leisure, such as interactive attractions, record-breaking roller coasters and visual shows. Undoubtedly, the top destination in the area is the upcoming Seven Wonders of the World; a life-size recreation of famous landmarks.
Eiffel Tower Dubai
Currently under the design stage, this project is highly anticipated by Dubai residents as it will be the central location of the commercial sector of Falconcity. Landscaped parks, gardens, fountains and cafes will surround the tower and there will be a shopping arcade called Falcon Elysees around the perimeter which will accommodate well-known high street and high-end fashion brands.
Taj Arabia
Taj Arabia Palace Hotel is a USD 1B replica of the Taj Mahal that is expected to be four times bigger than the original building. The developers have proclaimed this project as one of the top wedding destinations in the world. The luxury hotel will be surrounded by luscious greenery, water features and Mughal-inspired landscaped gardens.
The Leaning Tower of Dubai
This landmark will be inspired by The LeaningTower of Pisa and will be an exciting mixed-use residential and office complex which will be located in the Town of Venice, the most romantic place in Falconcity. Residents will be able to enjoy open-air cafes, gondolas, pedestrian shopping, and a beautiful waterfront, just like the actual city of love.
*The price is valid for 2023
Dubai Great Wall
The Great Wall will be higher than a 3-floored building and will serve as a high-rise running track. This attraction will be constructed as a buffer zone between the signature theme park and residential complexes.
The Dubai Lighthouse
The structure of this tower is based on the specific historical descriptions of the Lighthouse of Alexandria recorded before it was destroyed. The project will be multipurpose with recreational, commercial, residential and retail segments.
The Dubai Hanging Gardens of Babylon
This will be the tallest skyscraper in the world with restaurants, a boutique hotel and exclusive rotating balconies. And to recreate the mythical hanging gardens, the project will feature VIP observation garden decks.
Pyramids Park
The park will house three pyramid-shaped buildings, Antares, Polaris and Vega. Antares will become the largest pyramid ever created and the three pyramids will host 1,500 serviced apartments, including studios and one and two-bedroom units which will be managed by a world-class hospitality chain.
Falconcity Towers
The project will consist of 24 towers and will feature offices, apartments and hotels with the internationally named cities of Rome, Beirut, India and Venice surrounding it. Additionally, the developers will construct a mini-version of the famous New York Central Park. The area of the park will cover around 1M sq. ft.
Besides the above-mentioned landmarks, there will also be Falcon Fun City and Falcon City Mall waiting to be built. These projects will provide the ultimate entertaining, shopping and dining experiences with a state-of-art theme park, a wide range of popular branded stores and award-winning restaurants.
Economic Appeal
Due to its excellent growth potential, the enormous yet unique project of Falconcity has attracted a large number of buyers and investors from all over the world. The highly competitive investment has many advantages for investors who want to add this project to their real estate portfolio, such as the location, amenities, landmarks and premium residences. Considering that a major part of the residential units of Falconcity consists of hotel apartments, this is an attractive opportunity for long-term investment. Currently, the prices are affordable and there are a lot of options available for buying. By the time the hospitality sector will increase capacity to 100% (currently at 70%), the purchased property is guaranteed to become extremely profitable.
As of today, the ROI of Falconcity has reached 8% and is expected to increase further in the future. The price for a studio starts from AED 494,000 (USD 135,000), and the average rental price in Dubailand is AED 39,000 (USD 11,000). When deducting the fees for management, utilities and 5 % VAT, the net profit amounts to AED 29,000 (USD 8,000). Located in one of the prime areas of Dubai, Falconcity offers a high ROI, world-class amenities, beautiful views and a luxury getaway experience. Although the project is still ongoing, it is one of the top choices for investment in Dubai.
*The price is valid for 2023
Popular Property
This iconic project offers a wide range of residential communities with premium quality and high-end design.
Saam Vega
This residence is the smallest pyramid residential tower in the Pyramids Park. Saam Vega comprises 1 and 2-bedroom serviced hotel apartments and studios, as well as 5BR and 6BR villas. The units for sale are fully furnished and managed by Falconcity Hotel and Resorts, while the world renowned Oakwood Hotels will be responsible for the operations side of the business. The project is expected to be ready for handover in 2022.
For sale:
- The starting price for a studio of 346 sq. ft with one bathroom is AED 494,000 (USD 145,000). The minimum area of this type of unit is 346 sq. ft.
- A 1BR apartment with two bathrooms is available for the starting price of AED 636,000 (USD 173,200). The minimum living area of a 1BR apartment is 398 sq. ft.
- Villas with 5 bedrooms and seven bathrooms cost from AED 2,542,000 (USD 692,000). The minimum living area of 5BR villas is 5,000 sq. ft.
- A villa with six bedrooms and seven bathrooms starts from AED 3,330,000 (USD 907,000). The minimum living area of 6BR villas is 6,601 sq. ft.
*The price is valid for 2023
Eastern Residence
Eastern Residence is a development that features villas with five and six bedrooms. Each unit comprises its own private garden, front porch and garage area. The whole community has been designed to support sustainable living and to conserve as much energy as possible. Residents have access to health and wellness facilities as well as various leisure spots.
For sale:
- The price for a 5BR villa with six bathrooms starts from AED 2,500,000 (USD 681,000). The minimum living area for these types of villas are 3,208 sq. ft.
- A 6BR villa with seven bathrooms is available for the starting price of AED 3,330,000 (USD 898,450). The minimum living area for this unit is 4,580 sq. ft.
*The price is valid for 2023
Western Residence
This development also features 3, 4 and 5-bedroom villas and townhouses with 2, 3 and 4 bedrooms. Designed in five distinctive styles, the Western Residences meet the requirements of any resident, whether a family, a couple or single professionals. The units offer a gorgeous view of the green park and tenants have access to multiple amenities available within the complex of Western Residence.
To rent:
- 3BR villa of 3,150 sq. ft for the price of AED 125,000 (USD 34,000) per year
- 4BR villa of 3,488 sq. ft for the price of AED 120,000 (USD 33,000) per year
- 5BR villa of 5 250 sq. ft for the price of AED 160,000 (USD 44,000) per year
For sale:
- The price for a 3BR villa with 4 bathrooms starts from AED 2,750,000 (USD 749,000). The minimum living area of this unit is 3,121 sq. ft.
- A 4BR villa with 4 bathrooms costs from AED 2,700,000 (USD 735,000). The minimum living area of this type of unit is 3,555 sq. ft.
- The price for a 5BR villa with 6 bathrooms is AED 3,200,000 (USD 872,000). The minimum living area is 5,250 sq. ft.
- A townhouse with 2 bedrooms and 3 bathrooms costs from AED 1,771,000 (USD 483,000). The minimum area of a 2 BR townhouse is 2,860 sq. ft.
- The price for a 3BR townhouse with 3 bathrooms starts from AED 2,500,000 (USD 681,000). The minimum living area is 3,121 sq. ft.
- A 4BR townhouse with 4 bathrooms costs from AED 2,700,000 (USD 735,000). The minimum living area of a 4BR townhouse is 3,412 sq. ft.
*The price is valid for 2023
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