Madinat Al Riyad
About the Area
In terms of transport accessibility, travel time from Madinat Al Riyad to Abu Dhabi International Airport and Yas Island will take a little longer than 20 minutes, while Saadiyat Island and Reem Island, as well as Corniche Beach are a 40-minute drive from the community. It's worth noting that the public transport system is still under development and will be up and running when the construction works in the area are complete. The closest bus stops are St 57 / St 52 and Al Turoush St / Baniyas Sport Stadium, which are both located a 15-minute drive from the community.The Madinat Al Riyad area is partly built up, and those interested in buying and renting property here can choose apartments and villas, as well as commercial units. According to the master plan, Madinat Al Riyad will become a city within a city, which means that a great number of infrastructure facilities, as well as shopping and entertainment options will be located within the territory.The following infrastructure facilities can be found just a 15-minute drive from Al Riyad and nearby areas:
- Al Riyadh Charter School, Shamkha South, ABC Private School, Wales International School, Al Manara Private School and Al Qimma School
- IQ Kids Nursery, Bright Horizon Nursery and Barney Home Nursery Baniyas City
- Civil Defense Academy
- Shamkha Medical Center, Sama Al Shamkha Medical Center, My Health Medical Center LLC, and more.
Grocery stores and shopping centres such as LuLu Hypermarket – The Courtyard, Zenith Supermarket, Khalifa Grocery and Yas Mart Shopping Center, can also be found here. Within a 30-minute drive Bawabat Al Sharq Mall, My City Center and Mazyad Mall are all located. Yas Beach and Al Bateen Beach can be reached within the same distance.Those who love outdoor activities can go to Al Asayel Stables and enjoy the horse riding, and AlWathba Salt Lake (Sabkha) is ideal for walking.
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Real Estate Units in Madinat Al Riyad
The majority of residential properties located in the community are represented in three to six-bedroom villas with living areas ranging from 5,500 sq. ft to 12,000 sq. ft. Five and six-bedroom residences with floor plan areas from 11,250 sq. ft to 11,495 sq. ft cost from AED 3,200,000 (USD 871,000) to AED 4,500,000 (USD 1,225,000). There is a wide range of four to seven-bedroom villas in Madinat Al Riyad which can be rented out. The annual rental cost for this type of property varies from AED 140,000 (USD 38,000) to AED 200,000 (USD 54,000).
At the moment, there are no available apartments to purchase in Madinat Al Riyad, however, there are several options to rent. The majority of apartments in the area are presented by one to two-bedroom units and studios with living areas ranging from 398 sq. ft to 2,002 sq. ft. The annual price of renting a one-bedroom unit with an area of 1,022 sq. ft costs from AED 20,000 (USD 5,000). Larger two-bedroom units with an area of 2,002 sq. ft will cost from AED 42,000 (USD 11,000) per year.
Besides the completed real estate units, one can obtain a plot of land for future development in Madinat Al Riyad. The most affordable option which has a plot area of 11,300 sq. ft costs from AED 2,000,000 (USD 545,000). A plot of land with an area of 46,995 sq. ft can be purchased for AED 9,500,000 (USD 2,586,000).
In terms of commercial properties for sale, one can choose from several options with an area from 6,716 sq. ft to 48,400 sq. ft. The price of this type of property varies from AED 2,200,000 (USD 599,000) to AED 6,643,000 (USD 1,809,000).
If you wish to rent a commercial unit with an area of 18,000 sq. ft this will cost from AED 350,000 (USD 95,000) per year.
Abu Dhabi attracts foreign citizens due to the warm climate, its white sandy beaches located on the coasts of the Arabian Gulf, its opportunities to find a job with a high salary, and the absence of a range of taxes, among other factors, which you can read in this article.
Madinat Al Riyad is an ideal place for living with a large family, as there is the possibility to buy a spacious home far from the highways and hustle and bustle of the emirate. The area offers a wide range of large villas, with a growing infrastructure that will be improved in the near future.
Keep in mind that foreign citizens do not have the right to buy property with full ownership in Madinat Al Riyad. If you are interested in obtaining a villa in a freehold zone, Metropolitan Capital Real Estate agents are ready to offer you a wide range of options in other popular areas of the emirate.
Entertainment Options & Sightseein
As Madinat Al Riyad is under development, leisure and entertainment activities can be found in nearby areas. Thus, within a 30-minute drive one can visit:
Warner Bros. World Abu Dhabi, one of the largest indoor theme parks in the world. The park offers six themed zones with a wide selection of attractions and entertainment shows, F&B options and souvenir shops.
Al Wathba Wetland Reserve, where over 260 bird species, including pink flamingos, 320 invertebrate species, and 16 reptile species can be found. Apart from the unique fauna, one can enjoy amazing flora, including 35 plant species. The reserve is protected by the government.
Ferrari World is a world-famous amusement park which is dedicated to the car manufacturer of the same name. A huge number of attractions for children and adults are located here. The most popular attraction of the park is Formula Rossa, which is the fastest roller coaster in the world, with speeds of up to 240 km/h. A wide range of cafes and souvenir shops can also be found here.
Al Marmoom Camel Race Track is another place of interest, where guests can watch the races for free. Races take place regularly from October to March on weekend mornings, as well as at Emirati public holidays. Here you will be able to find interesting information about this extraordinary sport and its traditions.
AlWathba Salt Lake (Sabkha) also attracts locals and tourists. Visitors can admire natural salt deposits as well as sand dunes and various limestone figurines.