Mangrove Residences is being developed by Expo City.
Mangrove Residences will be located in Expo City Dubai, which is a visionary city with a curated ecosystem, ideal for doing business, working and living, as well as being able to have fun and relax, thanks to a number of cultural experiences, retail options and more.
Future owners of Mangrove Residences can choose a unit from 1–3 bedroom apartments, 3-bedroom townhouses and 4-bedroom loft apartments.
Q4 2025 is the estimated date of completion of Mangrove Residences.
As of Q1 2023, two types of payment plans are offered to future owners of Mangrove Residences. A standard payment plan offers the buyer the option to pay 45% of the total amount before the handover, 5% on handover, and the remaining 50% during 6–60 months after handover. A cash payment plan is also available with a 50/50 plan which gives an 8% discount. In both cases, the non-refundable reservation fee is AED 50,000 (USD 14,000).
The starting price of a 1-bedroom apartment in Mangrove Residences is AED 1,300,000 (USD 354,000), while a 3-bedroom townhouse will cost from AED 4,000,000 (USD 1,090,000), as for Q1 2023. To obtain a full price list of Mangrove Residences, please contact our Metropolitan Premium Properties brokers, who will provide you with all the information.
Becoming an owner of a residence in Dubai provides you with an opportunity to get an investor visa or a Golden Visa, depending on the chosen property.
Purchasing a residential property with a cost from AED 750,000 (USD 204,000) allows you to apply for a 2-year investor visa. A 10-year Golden Visa is given to those who invest a minimum of AED 2,000,000 (USD 545,000) on property. Visas are renewable in the case that you remain the owner of a property.
Yes, due to the fact that Mangrove Residences is a freehold project, foreigners can become an owner of properties here.
Purchasing an apartment or a townhouse in Mangrove Residences is an ideal investment tool. First of all, Expo City Dubai is a good place for harmonious living, and secondly, you will always be able to resell a property after its completion or rent it out to generate a stable income. Thus, a 1-bedroom residence in nearby areas boasts an ROI of 9% and can be rented from AED 36,000 (USD 10,000) per year.
Mangrove Residences is an ideal place for families with children wishing to benefit from endless entertainment and leisure activities, as well as for professionals who value their time and wish to live in the city of the future, as well as do business or work here.
Expo City Dubai is the perfect place for those who wish to create a bright future and realise all their dreams. This is evident from its developed infrastructure and a range of retail spaces, cultural and educational experiences, exercise grounds, parks and much more. The easy to reach highways, ports and airports is another benefit of the area.
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