Dubai Science Park or more commonly DSP is the region's first free zone business community focusing on science. Developed by TECOM Group, the community came into being as a dedicated place to support companies operating in sectors as diverse as healthcare, biotechnology, pharmaceuticals, environmental science and energy.
Located in Al Barsha South, it spans an impressive 300 hectares approximately and is accessible from important connecting destinations like Umm Suqeim Street, Al Khail Road and Sheikh Mohammed Bin Zayed Road. A home to over 350 companies consisting of small, medium and MNCs, DSP has also grown into an important mixed use community in the emirate by accommodating residential apartments, retail outlets, schools, clinics and parks.
Key features
One of the distinct traits of DSP is that it is one of the Middle East’s most important science focused innovation districts. It attracts professionals who work in science, healthcare and research and development and want to stay close to their work stations.
- Region's first dedicated science and research free-zone community
- Home to more than 350 companies including MNCs
- Mixed-use community with residential apartments, offices, labs and retail
- Part of TECOM Group's wider portfolio
- Modern laboratories, office spaces and R&D facilities
- Innovation focused environment to promote research and development
- Favourable tax structures and business friendly regulations
- Accessible location with schools, parks, nurseries, clinics within and close to the community
Entertainment and Attractions
While it is true that Dubai Science Park is mainly an address that is focused on science and research, it is located in such a place that residents have easy access to some of the emirate’s popular leisure and lifestyle addresses. Some of the major attractions are listed below:
Dubai Miracle Garden
Dubai Miracle Garden is one of the city’s most photographed limelights. A short distance from DSP, it is spread across a whopping 72,000 square metres featuring more than 150 million flowers that are arranged into sculptures, archways, castles and even an aircraft. It remains open October to May and is a sought after place for visitors coming to Dubai.
Dubai Butterfly Garden
It is the world’s largest indoor butterfly garden. A massive collection of 15,000 butterflies across more than 50 species are available here. As one walks through climate controlled domes where butterflies fly around green spaces, it creates a memorable experience.
Dubai Autodrome
Dubai Autodrome is a short drive from DSP and it features a 5.39 km FIA sanctioned circuit alongside an indoor karting centre, driving school and racing simulator. The autodrome hosts motorsport events throughout the year.
Global Village
One of the major addresses in Dubai, Global Village stays operational from October to May and it features 30 pavilions from 90+ countries. One can tuck into a wide variety of international cuisines, join live performances and shop as much as needed as there are 3500+ retail outlets.
Mall of the Emirates
Mall of the Emirates is also located nearby. With over 600 retail stores, Ski Dubai, a cinema complex and multiple dining options, it is one of Dubai's most important lifestyle destinations. It is also where residents connect to the Red Line Metro.
Research and innovation
The community has a unique appeal and is different from many others as it focuses on the theme of scientific innovation and research. With over 90 laboratories, infrastructure that supports innovative developments, it has become a major destination in the emirate that is attracting talents from across the world. Global companies like Pfizer, AstraZeneca and Boston Scientific operate here and are contributing to research and development.
Future of Dubai Science Park
First of all, the community is attracting a good number of companies that operate in biotechnology, pharmaceuticals, health technology and environmental sciences. The presence of specialized laboratories and research facilities here add to scientific innovation in the region.
Other than the science and development angle, the residential side of the community is also growing. New residential apartments, coworking spaces and hospitality offerings are adding to its overall value making it a convincing mixed use district.
As demand for specialised science-focused employment addresses increases across the region, DSP is to benefit from it. Demands are expected to grow as international companies and their need for residential spaces increase.
Why choose off-plan projects in Dubai Science Park?
One of the important things to note about the community is that it is located between areas like Al Barsha, Arjan and Dubai Hills. As an outcome, it benefits from developing infrastructure, healthcare facilities and educational institutions.
It offers on-site employment opportunities. Professionals working in labs, offices and hospitals want to live close to their work stations, which creates a tenant base that is stable, professional and should stay for long.
Off-plan projects in DSP are generally more accessible than comparable units in areas like Dubai Hills Estate or Downtown Dubai with studios starting from approximately AED 600,000. Developers often offer flexible payment structures including 1% monthly payment plans.
All these factors collectively make Dubai Science Park a great opportunity when it comes to finding a community for off-plan projects.
Off-plan projects in Dubai Science Park
Binghatti Hills - A high rise development by Binghatti Developers with studios to 2-bedroom apartments.
Binghatti Hillviews - offers studios, 1 and 2-bedroom units in a relaxed setting.
SAAS Hills - A mixed-use residential development with luxury amenities.
Skyhills Astra - The project features studios to 3-bedroom apartments.
Skyhills Residences - A mid rise project with studios and 1 and 2-bedroom apartments.
Amenities and Facilities
A plethora of features and amenities are available for residents to enjoy a relaxed and rewarding lifestyle. From schools to clinics to supermarks and more, every important amenities are located either within or in close proximity of DSP.
- Swimming pools, gyms and sports courts available in residential buildings
- Public parks and landscaped walking areas
- Supermarkets include Carrefour
- Schools and nurseries including Repton School Al Barsha and Bloom World Academy Dubai
- Healthcare clinics include Precision Health Clinix and OrthoPro Clinic
- Restaurants, cafes and the Holiday Inn Dubai Science Park hotel
- Places of worship within a short distance
Infrastructure and connectivity
RTA bus stops (F29, F30, F34) connect to metro stations. Other important highlights about connectivity of the community include the following:
- Direct access to Umm Suqeim Road (D63)
- Easy connectivity to Al Khail Road (E44)
- Access to Sheikh Mohammed Bin Zayed Road (E311)
- Approximately 25 - 30 minutes to Dubai International Airport
Investment Insights
Generally speaking, rental yields in the community range from 6% to 7% annually. In it, 1-bedroom apartments are one of the most sought after options given the tenant profile i.e., professionals.
Studios starting from approximately AED 600,000 is an easy entry point for investors. Add to this, the commercial expansion of the park continues to support the area’s residential demand.
Research institutions, MNCs and scientific professionals create a convincing demand for residences in the area. Residential units are also attractive to professionals working in nearby communities like Dubai Hills Estate, Arjan and Motor City.
The community may not be appealing enough for investors looking for yields from short stay tourism but for those who want long term yields from long duration tenants.
Tips for buyers
As a buyer in order to make an informed decision, it is always important to check the developer's track record and the service charge rates before purchasing. Units that are situated in the park's commercial areas or with easy road access should attract better rental demand from professionals. Compare recent transaction prices per sq ft so you know that you are buying at a fair market rate. Consider the handover and progress of construction.
Should you want to learn more about properties available in DSP or have any question in general, please contact us and we will be happy to guide you to make an informed decision.
