International Media and Production Zone (IMPZ)  

Access regular updates on investment opportunities and analysis of International Media and Production Zone (IMPZ)

  • IMPZ Q4 2015 Update

     Nov 28 2015  International Media and Production Zone  Apartments  TECOM Investments

    Prices for apartments in International Media Production Zone in Q4 2015 are quite similar to the previous quarter.

    IMPZ has witnessed a lot of new supply entering the market in the past six months with the deliveries of The Crescent by Damac (1,680 units) and Qasr Sabah (420 units).

    Studios in IMPZ currently range in price from AED 380,000 - 480,000. The cheaper distress sales (below AED 420,000 are typically available in The Lakeside. Rental prices range from AED 38 - 44,000 per annum.

    1 Bedrooms in IMPZ currently range in price from AED 625,000 - 840,000. The more expensive properties in this range can be found in Oakwood Residency (by Deyaar) and the recently handed over Qasr Sabah where 1 bedroom apartments that are completed are available on a payment-plan. Rental prices for 1 bedrooms currently range from AED 57 - 65,000 per annum.

    2 Bedrooms in IMPZ are rarely transacted (by various reports, less than 7 such transactions have taken place during Q4 2015). Prices range from AED 850,000 - 1.2 million. The AED 850,000 price for a 2 bedroom is available in the Centrium where there are a particular type of smaller two bedroom units which measures less than 1,000 sq. ft. Rentals for 2 bedrooms range from AED 75 - 90,000.

    In September 2015, Deyaar Properties, a major developer launched the first phase of its Midtown project. This project is attractive to investors looking to purchase off-plan from a credible developer with a post completion payment-plan being offered.


  • 1 Bedroom apartments in the brand new Qasr Sabah development IMPZ. Pay 20% down, move in and pay 80% over 3 years.

     Oct 25 2015  Qasr Sabah  Apartments  RSG International

    Brand new 1 Bedroom apartments available in Qasr Sabah, IMPZ. The project is located a short distance away from the new MAF City Center in IMPZ. There are total of 3 buildings and 402 studio and 1 bedroom apartments.

    Over 95% of the project was sold out during the sales period which commenced in 2013. However, there are a few remaining 1 bedrooms which the developer is selling on an exceptional payment-plan.

    There are several 1 bedrooms available for sale with sizes ranging from 910 - 998 sq. ft.

    The buyer can pay a 20% downpayment and move in. The remaining 80% is payable over 3 years via post dated cheques.

    Prices for the 1 Bedrooms ranges from AED 1.025 - 1.1 million which works out to be approximately AED 1142 - 1167 per sq. ft. This is much higher than the average transaction price per sq. ft. in IMPZ (currently AED 915 per sq. ft. on average). However considering the 3 year interest free payment-plan and the fact that a purchaser could start earning an income on the property immediately, this a a very attractive option.

    To learn more please contact +971.55.647.3758


  • IMPZ Q4 2014 Review: many positives but 1,680 units to be delivered will put pressure on capital values in the community

     Jan 10 2015  International Media and Production Zone  Apartments  TECOM Investments

    Here are a few factors to consider when evaluating an investment in IMPZ.

    Firstly, access to the area improved in 2013 with the opening of Al Fay Road. The community is now well connected to Mohammad Bin Zayed Road and Al Khail Road.

    A new MAF developed mall is under-construction and will revitalize the community. It will also be catering to a number of communities closeby, including Dubai Sports City, Victory Heights, Dubai Investment Park and Jumeirah Golf Estates.

    Unlike many communities across Dubai, prices for the most part are holding steady in IMPZ.

    However, the prospect of capital growth is limited due to 1) a slower market and 2) new supply entering the market in 2015.

    In a few months, Damac's Lakeside project will be handed over, bringing 1,680 units to the market - mainly studios and 1 bedrooms as well as a handful of 2 bedroom units. This handover will put pressure on rents and capital values, particularly in neighboring buildings of The Crescent and Lago Vista.

    The other two major projects currently ready in IMPZ are Oakwood Residency and Centrium. These projects have their own unique points. Oakwood is a Deyaar building and offering a higher standard finish and generally larger unit sizes. It is a mature project with frontage on Mohammad Bin Zayed Road (yet a longer drive away once you enter the community). The Centrium is a massive development offering generally smaller unit sizes.

    In conclusion, if you are looking to purchase property in IMPZ at the moment, we believe Lakeside offers the best chance to pick up value deals as the handover of the building approaches (estimated at the end of Q1 or early Q2 2015).


  • Qasr Sabah, IMPZ: First building sold out, second building being marketed May 2014

     May 11 2014  International Media and Production Zone  Apartments  TECOM Investments

    Qasr Sabah is an off-plan development located at the center of IMPZ. The developer RSG International has previously appointed Ottomans International (a real estate brokerage firm in Dubai) to market the project.

    According to Ottomans' executives, the first building is now sold out. They are now selling units in the third building at prices around about AED 1,135 psf. These prices are higher than the average sale price in IMPZ for ready property.

    However, its location within IMPZ (close to the new mall and a hotel), as well as the fact that each unit comes with a car park combined with the extremely attractive payment plan (70% is payable upon completion) is how those prices are being justified.

    1 Bedroom sizes range from 750 - 1,000 sq. ft. Studios have sizes ranging from 450 - 550 sq. ft.


  • New mall project by MAF Group in IMPZ to further revitalize community and spur new development

     May 06 2014  International Media and Production Zone  Apartments  TECOM Investments

    IMPZ (International Media and Production Zone) is showing all the signs of being a real estate hotspot and should be marked out as an area where we will see a lot of future development and consistent capital appreciation.

    The community currently has a handful of completed and under-construction projects. IMPZ's location - right on Mohammad Bin Zayed Road - and improved accessiiblity to and from the main city (Al Fay Road's completion in 2013) is positioning the community as a future residential and commercial center.

    In March 2014, Majid Al Futtaim (MAF Group) have reached an agreement with TECOM Investment (the master developer of IMPZ) to develop a 1 million sq. ft. shoppng mall which is scheduled for completion sometime in 2015.

    This mall will not only serve IMPZ residents but also drive traffic from many closeby communities such as Jumeirah Golf Estates, Victory Heights, Green Community and Jumeirah Village.

    We believe this project announcement will further enhance IMPZ's attraction to investors and developers looking to launch new residential & commercial projects.

    Already IMPZ's apartments have witnessed (as of end of Q1 2014) the second highest capital growth in the last 12 months after Dubai Sports City (49.6%). See the full list at https://tinyurl.com/l3fomdw


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