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Churchill Executive

Churchill Executive

About the project

Churchill Executive is a modern mixed-use complex located in the Business Bay business district. The project was developed by Emirates National Investments. The construction was completed in 2009.

The complex consists of the residential tower Churchill Residence with a height of 59 floors and a 43-storey office building, Churchill Executive.

The Churchill Residence offers exclusive apartments with 1, 2, 3 bedrooms, as well as penthouses with modern design and finishings. In total there are 618 residential units. The Churchill Executive building houses commercial space and offices for rent and purchase. There are views of Dubai Water Canal and The Burj Khalifa

For the comfort of residents there is 24-hour security and video surveillance, a wellness center, air conditioning, a miniature golf course, a relaxation center with a sauna, steam room and jacuzzi, a fully equipped fitness center, an outdoor pool, a children’s playground, squash courts, cafes, high-speed internet, and indoor parking.

Employees of the business center have access to modern rooms with panoramic windows, high-speed elevators, lounges and equipped kitchens, meeting rooms, as well as parking and wi-fi access.

Apartments start at 89.9 sq. m (968 sq. ft). One-bedroom apartments start at AED 900,000 (USD 245,025).

Offices start at 80.7 sq. m (869 sq. ft). The cost of office space is approximately AED 525,500 (USD 143,067).

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Location

Al Khail Road and Sheikh Zayed Road are situated near Churchill Executive and provide easy access to the rest of the city. Bus stops and the Business Bay and Dubai Mall subway stations are in close proximity.

Dubai International Airport is a 29-minute drive away.

In the area there are hotels, expensive restaurants and entertainment venues, the offices of major corporations, supermarkets, stores, and pharmacies.

For walks, residents will find the landscaped waterfront, Dubai Water Canal, nearby.

The large shopping mall Dubai Mall is an 8-minute walk away. Stores, an ice skating rink and movie theater, cafes and restaurants, and playgrounds are available for visitors.

Dubai’s famous landmark, The Burj Khalifa Tower, is a 9-minute drive away.

Nearby schools and development centers include GEMS Our Own Indian School, Springdales School LLC, and Dubai International Private School.

Near the complex are the medical centers Al Badaa Health Center, Valiant, and Zaabel Health Center.

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Payback

The return on investment in office space is 4.5% and the return on investment in the apartments is 5.08%.

The price to rent one-bedroom apartments is AED 55,000 (USD 14,974) per year.

Net income is AED 43,000 (USD 11,707).

The maintenance fee in the complex is from AED 2,500 (USD 681), depending on the size of the housing. The property rent tax is 5%, AED 2,750 (USD 749).

Office rents start at AED 29,500 (USD 8,031)

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