Al Twar
Located a 3minute drive from Dubai International Airport is the Muhaisnah neighborhood. This is mainly an old area. This area is of interest to locals and workers.
General information
Al Twar 1, 2, and 3 are three neighborhoods in Dubai that, while not the most glamorous, do have some interesting features. These areas are located in the northeastern part of the city, close to Dubai International Airport, making it attractive to people who travel often or want to live close to the airport.
In terms of real estate, Al Twar offers a mix of older villas, some of which are still built in the traditional Emirati style, and more modern homes that cater to the current demand for comfort and functionality. Most houses are detached and have decent gardens, which is an advantage in a city where space is often scarce.
Al Twar 1 is perhaps the most peaceful and established of the three neighborhoods. Here you will find many spacious villas with large gardens, often occupied by older Emirati families who have lived in the neighborhood for years. The streets are wide and well-maintained, but the range of modern amenities here is somewhat more limited.
Al Twar 2 offers a slightly more modern feel with a mix of traditional and newer homes. It is a popular choice for young families thanks to its proximity to several schools and parks. Also found here is the famous Al Twar Park, a green oasis where residents can walk, exercise, or picnic. The infrastructure here is better developed than in Al Twar 1 and you will find more shopping facilities and cafes.
Al Twar 3 is closest to the airport, which can be both a blessing and a curse. It is ideal for frequent travelers, but some residents complain about the noise of planes taking off and landing.
In summary, Al Twar 1, 2, and 3 are not neighborhoods for those looking for vibrant city life, but they do offer a solid, family-friendly environment with good value for money.
ROI and capital appreciation
Returns and appreciation in Al Twar are moderate. This is due to aircraft nuisance, often old dilapidated homes and the region in which the neighborhood is located. Studios and villas generate the best returns in this area. It is recommended that properties be rented long-term to, for example, airport staff or families who have a little less to spend and thus cannot afford a villa in other regions.
Off-plan
New construction in this region will experience an increase in value between 10% and 20% during the construction phase, which is usually 3 years. Net rental returns on the initial investment will be around 3%. After completion, value appreciation in this area will be around 5% per year.
Ready built
Existing construction in this area will experience an increase in value of around 5%.