Mangrove Residences is a luxury residential complex presented by the development company Expo City Dubai, and located in the area with the same name – Expo City Dubai. In the first phase of the project, 450 real estate units are offered, including 1,2 and 3-bedroom apartments, 3-bedroom townhouses and 4-bedroom loft apartments. The area of the residences ranges from 90 square meters to 379 square meters. Mangrove Residences is the first facility within Expo Central, and according to the project, two more facilities will be launched soon – Sky Residences and Sidr Residences.
The residences in Mangrove Residences impress with their high windows and spacious balconies, allowing residents to enjoy breathtaking views of Al Wasl Plaza, Jubilee Park, and Women’s Pavilion. Luxury townhouses are complemented by private gardens created for maximum relaxation. The floor plans may also include provisions for a laundry room, a study, a storage room, a maid’s room, and other amenities to ensure that residents have all the necessary facilities for their convenience.
It is planned that Mangrove Residences will be ready for occupancy at the end of 2025. Due to the attractive location and the availability of many amenities, the project will be in great demand. It will be especially interesting for those who work in the well-maintained area of Expo City Dubai, providing them with unique accommodation opportunities and access to a variety of amenities.
Purchasing residences at Mangrove Residences is considered an excellent investment. These real estate properties can be purchased not only as personal residences but also with the intention of renting them out in the future. According to data at the beginning of 2023, single apartments in the neighboring DIP district provide an average of 9% profitability. According to Property Finder, the minimum annual rental rate here is 23,000 dirhams (US$ 6,000).
In addition, the purchase of real estate in Mangrove Residences provides an opportunity to obtain a long-term visa. With an investment of 204 thousand US dollars or more, you can count on a 2-year investment visa. If you purchase a residence worth at least $545,000, you may be eligible for a 10-year Golden Visa, which allows you to bring your family and domestic staff to the Emirates. This is a great opportunity to get a stable type of residence and expand your opportunities in the UAE.
