Kensington Waters

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Kensington Waters is a new residential development in Mohammed Bin Rashid City (MBR City) in Dubai, consisting of two detached buildings. Kensington Waters Tower A will include studios and 1-2 bedroom apartments, and Kensington Waters Tower B will include apartments with 1 to 3 bedrooms. The developer of the project is Ellington Properties and was launched back in June 2021. The approximate date of delivery of the complex is Q4 2023.The complex features a barbecue area, indoor and outdoor playgrounds, a fitness room, both adult and children’s swimming pools, a steam room and a sauna. Kensington Waters will also feature allocated parking and an electric car charging station and each of the buildings of the complex will have three elevators.Kensington Waters in MBR City features properties ranging in size from 450 sq.ft. (42 sq.m.) to 2,033 sq.ft. (189 sq.m.). The cost of studios within the complex starts from AED 765,000 (USD 208,000), and the price of apartments with three bedrooms reaches AED 2,350,000 (USD 640,000).

Kensington Waters is located in Mohammed Bin Rashid City which is set amongst a number of shopping malls, luxury hotels, wellness facilities and schools. A few minutes from the residential complex is the new site of Meydan One shopping mall which is still under construction, Meydan One Marina Yacht Club, Walmart Al Quoz Hypermarket, The Track, Al Ain Way, Madera restaurants, Prime Steakhouse, the Meydan Racecourse, as well as a golf course, bowling center and many other entertainment facilities.The following medical facilities are within 10-15 minutes’ of Kensington Waters, including Mediclinic City Hospital, Clemenceau Medical Center – DHCC, Emirates Specialty Hospital and Al Badaa Health Center. North London Collegiate School and Hartland International School Dubai are the nearest schools and are just 5 minutes’ away. In close proximity to Kensington Waters are the prestigious Hummingbird Nursery Bay Square and Blossom Design District Nursery.Downtown Dubai is a 10-minute drive away and Dubai International Airport is 20 minutes’ from Kensington Waters.<img class="two-col-grid-image one-1" src="https://metropolitan.realestate/wp-content/uploads/2022/02/kensington-waters-l1-1024x585.jpg" alt=""><img class="two-col-grid-image one-2" src="https://metropolitan.realestate/wp-content/uploads/2022/02/kensington-waters-l2-1024x661.jpg" alt=""><img class="two-col-grid-image one-3" src="https://metropolitan.realestate/wp-content/uploads/2021/05/eden-valley-l2-1024x576.jpg" alt="">

Investing in real estate in the Mohammed Bin Rashid City area offers a return on investment of 5.34%. The average annual rental cost for an apartment in the area is AED 84,000 (USD 23,000). Depending on the initial cost of apartments in Kensington Waters, an investment in this type of property will pay for itself within 20-22 years.