Dubai Creek Harbour Apartments for Sale

Dubai is one of the largest emirates of the UAE and one of the benchmarks of a modern urban environment. It is often called the city of the future. In Dubai, all the modern trends of urban development are reflected. It is almost a full-fledged smart city, which is decades ahead of the leading megacities of the world and sets the direction of development in architecture, infrastructure, as well as in cultural and social life.

Quality roads, air conditioning at public transport stops – this is only a small part of the innovations used in the country. At the same time, Dubai is a popular tourist destination. Even in September the daytime temperature can reach 38 ˚C. Of course, thousands of people around the world want to visit the city of the future and even live in it. So investing in real estate is becoming quite popular.

Dubai Creek Harbour is an isolated part of the larger The Lagoons neighborhood, which is a modern coastal complex of six square kilometers. The area is a 10-minute drive from downtown, heading northeast, nestled on the banks of a historic section of the city, which is called Dubai Creek.  It takes about 17 minutes to get from the international airport to Dubai Creek Harbour.

Dubai Creek Harbour consists of nine neighborhoods and is a perfect example of an effective combination of ultra-modern living and a total care for the environment. It is located in close proximity to the Ras Al Khor Nature Reserve, which is home to more than 450 species of rare animals, including pink flamingos.

The neighborhood can surprise everyone with its variety of geometric shapes and design styles. When the central building is finally completed, this community should break all records for building heights. High-rise apartment complexes and business centers do not contradict the presence of cozy villas with private fruit and ornamental gardens and views of the bay. Several golf courses, tennis courts and other outdoor sports facilities are concentrated here. This contrast is one of the thoughtful features of Dubai Creek Harbour.

Dubai has overtaken many of the world’s major cities in terms of building incredible architectural features. The most significant of them is Dubai Creek Tower, which is unparalleled in the world and will become a landmark of the entire emirate. This construction should surpass the famous Burj Khalifa Tower by 100 meters. The building will be a luxury hotel, with restaurants and viewing platforms.

The area is of great tourist importance, so it includes a developed entertainment system, a large landscape park, five-star hotels, many stores and restaurants of worldwide cuisine. There are theaters and cinemas, museums, and a variety of cultural outlets.

Between the commercial part of the complex and the coastal area has been built a large bridge. The metro line is expected to be extended with three new stations, which will be located in Dubai Creek Harbour.

In addition to these factors, investors are attracted by the transparent legislation and the complete absence of VAT and sales taxes. Property owners can earn rental income and do not face any tax consequences within the jurisdiction of the UAE. Prices for residential real estate are inferior to those that have developed in Moscow or St. Petersburg.

The cost per square meter of apartments with a full finish in prestigious areas starts from AED 9,900 (USD 2,700). A 1-bedroom apartment in Creek Rise will cost AED 918,000 (USD 250,000). The property, especially the residential apartments, can bring a high and stable rental income. The return on investment in the area is 5-10% per annum.

In Dubai Creek Harbour there are more than ten new residential developments. Among them are the premium projects Vida Residences, Creek Edge, Address Harbour Point, which are new high-rise residential complexes that are located next to the beach and the park.

The leading developer is Emaar Properties, an investment company founded in the UAE in 1997. It specializes exclusively in investing in construction projects in the Gulf region.