Mohammed Bin Rashid City, popularly known as MBR City, is one of Dubai’s largest mixed-use and landmark developments. Announced in the second half of 2012 by the emirate’s ruler His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the estimated cost of the project is AED 30 billion. The development includes state-of-the-art tourist attractions, a leisure activity centre, the world’s largest shopping mall, a large-scale park, the world’s largest artificial lagoon and 45 million square feet of property. This project was inaugurated by His Highness Sheikh Mohammed Bin Rashid himself in May 2015.
It is also worth saying that the city of Mohammed Bin Rashid has created the conditions to attract entrepreneurs to do business and stimulate innovation. It is particularly impressive that more than 65% of the land here is reserved for green areas. The average return on real estate investment (ROI) in MBR is at least 8%.