The word ‘Waada’ is of Arabic origin, though it also has its wide-spread use in Urdu and Hindi. True to the name, the community reflects on a promise of providing its residents and visitors with a complete lifestyle experience, that too in a unique and green-focused surrounding. Located in Dubai South and developed by BT Properties, the self-sustaining community spans over approximately 14 million sq. ft with around 40%-42% of its area is dedicated to open spaces, parks and landscaped zones. One important aspect of the community is its focus on the 15-minute city concept meaning residents can avail daily essentials like schools, retail, healthcare facilities, and leisure destinations within their walking distances.
Waada in a nutshell
- Located in Dubai South near Al Maktoum International Airport
- Master-planned community by BT Properties
- Dedicated green spaces and open areas
- Mix of apartments, townhouses, villas and mansions
- Designed for modern and family-friendly living
- Planned as a self-sustained community
- Smart infrastructure and future-ready design
- Education, healthcare and retail within walking distance
Entertainment and attractions
Waada residents benefit from living at a place that is near to some of the major Dubai addresses. Some of the destinations worth mentioning include:
Expo City Dubai: One of Dubai’s major lifestyle and innovation destinations, it features regular exhibitions, cultural events and more. The pedestrian friendly and sustainable city is built on the legacy of the famous Expo 2020.
Dubai Parks and Resorts: A place of pure fun and family adventure, Dubai Parks and Resorts is the region’s one of the largest entertainment complexes with theme parks like Motiongate and Legoland.
Al Qudra Lake: Al Qudra Lake is a man made desert oasis popularly visited by nature enthusiasts for a variety of activities, one of which is the opportunity to watch over 170 bird species.
Ibn Battuta Mall: Themed around the famous explorer's travels, the mall features six distinct courts inspired by countries Ibn Battuta visited. One can access retail stores, restaurants, cinema and entertainment options.
Future of Waada
Waada, the way it has been planned and the pace at which developments are in practice, it appears the community is poised to contribute to an eco-friendly and more connected Dubai. Its location near Expo City and Al Maktoum International Airport puts it within an important area in Dubai. WIth time, as the community and its surroundings develop in terms of infrastructure and economic activity, it is expected to enjoy increasing demand and convincing connectivity.
The community’s focus is on the ‘15-minute city’ model. So, residents and investors should benefit from staying in a future ready destination that is within so close to daily necessities.
With multiple development phases and the addition of new amenities, the community should mature into a fully integrated urban hub meaning residents should avail lifestyle convenience investors should expect long term values from their investments.
Why choose off-plan projects in Waada?
Off-plan projects here begin at affordable entry points compared to many other communities. So, it is easy to enter the Dubai property market by making an investment here, especially for first time buyers and investors.
Dubai South has shown a convincing rental yield of approximately 7% annually. Which means being located here, Waada offers an opportunity for generating consistent rental income. Being in Dubai South and near to important infrastructure projects, Waada should also enjoy convincing property appreciation benefits over time.
The community’s important features such as walkable design with integrated amenities enhances its lifestyle appeal and increases its potential for generating tenant demand.
Projects in Waada
BT Altura 2: A residential tower with modern studio, 1-2-BR apartments designed for comfortable city living. Features functional layouts, open-plan interiors and large balconies.
Cascada: 1, 2 and 3-bedroom apartments with their sizes ranging from 760.26 - 2,812.88 sq. ft. Features a world of high-end amenities.
Rayhan: It offers 3-4 bedroom townhouses and 4-6 bedroom villas featuring a modern, green living community.
Raima: It features 4-bedroom semi detached villas within the broader Waada master-planned community.
Amenities and facilities in Waada
- Landscaped gardens, lakes and open areas promoting outdoor living and relaxation
- Theatres, exhibitions, schools, healthcare facilities etc., in one integrated space
- Safe and engaging spaces for children and families
- Each residence comes with signature cascading architecture and premium finishes
- Community cultural centre with exhibitions, entertainment and social spaces
- Perfect for frequent travelers and professionals as it is close to Al Maktoum International Airport
- Easy access to Emirates Road (E611) and Sheikh Mohammed Bin Zayed Road (E311)
- About 15 minutes from Dubai Parks and Resorts
Investment insights
The first important thing to note about this community is its focus on ‘15-minute city’ concept. The concept basically means residents should have access to daily necessities quickly, in as few as 15 minutes. This very concept drives tenant interests since people want everything within their easy reach.
Being close to the airport means working professionals and entrepreneurs should easily reach here, and stay for short or long term thereby increasing the community’s rental appeal again.
The overall design of the residences along with integrated amenities, walkability and a lot of dedicated green areas help maintain high occupancy level and thus it reflects on rental yield stability.
Dubai South investors have historically seen ROI averaging approximately 6-8% for 2-4-BR villas and townhouses and capital appreciation, especially for villa units standing approximately 20% and more when completed. Since Dubai South is close to the airport and the area is seeing regular infrastructural growth, one can expect property prices to continue to increase here over time.
With all the factors mentioned, it appears that Waada stands an appealing opportunity for investors who want to gain from short and long term rental yields and long term property appreciation.
Concluding remarks:
For residents, Waada focuses on taking their living experience to the next level, thanks to a world of future ready amenities and an overall serene surroundings with lots of green spaces. For investors, its Dubai South location is appealing for whatever prospects it has: high quality living standards for tenants and infrastructure upgrades reflecting future capital appreciation.
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