The Crestmark
About The Crestmark
(sq. ft.)
Buy Property in The Crestmark
The Crestmark, Business Bay
Listing by
Metropolitan Premium Properties
The Crestmark, Business Bay
Listing by
Mina Magdi Chafic Faragalla
The Crestmark is a premium residential project by one of Dubai’s leading developers — Ellington Properties, and will be located in Business Bay. The high-storey complex features 189 premium units that will all be equipped with a home automation system. Properties include studios & 1–3 bedroom apartments, along with just 3 design-led 3-4 bedroom penthouses across the 21st floor. Residents of The Crestmark will be able to enjoy unrivaled views of the Dubai Water Canal and the Business Bay Marina.
The living areas of the properties within this development range from a compact 493 sq. ft to a generous 6,104 sq. ft. For the utmost comfort of occupants, the layouts will include 1-2 balconies, a laundry room, and a powder room.
The key features of the exclusive penthouses, depending on the floor plans, will be an infinity plunge pool or an outdoor jet whirlpool, show & preparation kitchens and a staff room. Not forgetting an outdoor lounge area, a shoe cabinet, an office, walk-in closets in the bedrooms and a DJ table.
Among the world-class amenities in The Crestmark worth mentioning are the following:
- Outdoor children’s play area
- Secret club room
- Fitness studio & treadwall
- Arcade room — a mini-bowling alley, a skee ball, arcade machines
- Children’s pool
- Infinity swimming pool
- Lobby library lounge
- Kinetic garden
- Barbecue area
- Indoor and outdoor yoga areas
Please note that owners of studios and 1-2 bedroom units will have 1 parking spot. For 3-bedroom apartments there will be 2 designated parking spaces.
Property Information
- Location Business Bay, Dubai, UAE
- Developer Ellington Properties
- Status of Project In progress
- Type of Project Residential Tower
- Available Units Studios-3BR Apartments, 3-4BR Penthouses
- Area from 747 sq. ft.
- Total Amount of Units 189
- Payment Plan 70/30
Floor Plans of The Crestmark
Apartment
Type:
Studio
Total Area:
506 sq. ft.
Starting Price:
1,500,000 AED
Apartment
Type:
1 Bedroom
Total Area:
747 sq. ft.
Starting Price:
2,100,000 AED
Apartment
Type:
2 Bedrooms
Total Area:
1,046 sq. ft.
Starting Price:
2,800,000 AED
Penthouse
Type:
4 Bedrooms
Total Area:
5,447 sq. ft.
Starting Price:
30,000,000 AED
Reflection Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
|
|
Studio | Apartment | 506 sq. ft. | 1,500,000 AED | |
|
|
1 Bedroom | Apartment | 747 sq. ft. | 2,100,000 AED | |
|
1 Bedroom | Apartment | 1,005 sq. ft. | Ask for Price | |
|
|
2 Bedrooms | Apartment | 1,046 sq. ft. | 2,800,000 AED | |
|
2 Bedrooms | Apartment | 1,348 sq. ft. | Ask for Price | |
|
|
4 Bedrooms | Penthouse | 5,447 sq. ft. | 30,000,000 AED |
Property Prices
As of May 2023, the starting price for a 1-bedroom apartment in The Crestmark is AED 2.11M (USD 574K). The service charge stands at AED 18 (USD 4.9) per sq. ft.
*The price is valid for 2023
Payment Plan
Location
The Crestmark will be located next to Marasi Dr, along the Dubai Water Canal, allowing for hassle-free travel across the emirate. Within about 15 minutes’, one can reach Dubai International Airport, Za’abeel and DIFC, among other popular destinations. Right next to the development, there are 2 bus stations — Canal Views Apartments 1 and Canal Views Apartments 2 for those who prefer to use public transport.
The development will enjoy an outstanding social infrastructure, with grocery stores, nurseries, medical facilities, banks and much more just a short walk away. A few of these include:
- Amana Healthcare
- Modern Vet Downtown
- View City Minimart
- Blossom Downtown Nursery Dubai
- Emirates NBD
- Carrefour Market
Economic Appeal
The Crestmark is due for completion in Q1 2026 and comes as the second project by Ellington Properties in Business Bay, following the tremendous success of The Quayside, which sold out within just a few hours of its launch. This demonstrates the confidence of investors in the high quality of homes by Ellington Properties.
The real estate in The Crestmark is worth considering as a buy-to-let option to tourists or business professionals. This is due to the fact that it is located a 20-minute walk away from the ever popular Downtown Dubai, which houses Dubai Mall, The Dubai Fountain, Dubai Opera and other flagship landmarks. Entrepreneurs will particularly enjoy easy access to A-grade offices and tailored business facilities.
As of Q2 2023, the gross average ROI for 1-bedroom units in Business Bay, according to Property Finder, has reached 5.8%. The initial rental rates are set at AED 58K (USD 16K) per annum. Judging by these indicators, you will be able to obtain a decent income and recoup the initial property value quickly.
When investing in The Crestmark, foreigners become eligible for a 2 or 10-year visa with a minimum qualifying sum of AED 750K (USD 204K) or AED 2M (USD 545K) respectively. Long-term visa holders in the UAE can bring their spouse and children based on family s sponsorship.
*The price is valid for 2023
The developer of The Crestmark is Ellington Properties.
The Crestmark is situated in Business Bay.
There are studios and 1–3 bedroom apartments on offer, in addition to three 3-4 bedroom penthouses.
The anticipated completion date of The Crestmark is Q1 2026.
There is a 70/30 payment plan available, with a 20% booking fee.
As of May 2023, a 1-bedroom apartment in The Crestmark is priced at a minimum of AED 2.11M (USD 574K).
Yes, you can obtain a long-term visa; the type will depend on your investment value.
You can get a 10-year Golden Visa with a minimum qualifying amount of AED 2M (USD 545K). A 2-year visa is a more affordable option, priced at AED 750K (USD 204K) and above.
Citizens of all countries are eligible to buy property here, as the complex is freehold.
The real estate in The Crestmark is an excellent investment, which will allow you to generate a lucrative rental income. The gross yield for 1-bedroom units in Business Bay is 5.8%, as of May 2023, which is one of the highest for luxury apartments in the emirate.
The Crestmark is perfect for any type of homeowner, whether it is a family with children, a young couple or a single individual who wants to stay in a buzzing central location. The complex will provide a comfortable living environment with easy access to key destinations in and around Dubai.
Business Bay is famed for its excellent social infrastructure, with an array of supermarkets, banks and nurseries easily accessible from the area. These include Carrefour Market, Emirates NBD and Blossom Downtown Nursery Dubai, among many others.
Similar Projects
Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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