Jewel Of The Creek is a residential community located in the Deira district of Dubai. The project was developed by Dubai International Real Estate and King Consult, and the architectural design was implemented by Kieferle & Partner. The development, which covers an area of 1,335,000 sq. ft. (124,000 sq. m), includes residential complexes, hotels, retail shops, restaurants, a conference centre, and a marina. Residences are situated near the Dubai Creek Golf Club.
Residents can enjoy a variety of amenities and services, including:
Properties include one- to four-bedroom apartments that range in size from 1,020 sq. ft. (95 sq. m) to 7,381 sq. ft. (686 sq. m), and prices range from AED 935,000 (USD 255,000) to AED 6,950,000 (USD 1,892,000). Apartments have balconies, well-equipped kitchens, built-in wardrobes, and bedrooms with ensuite bathrooms. Some units also include staff accommodations and laundry areas.
*The price is valid for 2021
The nearest bus stop, Deira City Centre, is located within a 10-minute walk of the community, and the Deira City Centre Metro Station 2 can also be reached within a 10-minute walk.
For groceries and restaurants, residents can go to Best Way Supermarket, Dampa Seafood Grill, and Absolute Barbecues, which are situated within a 15-minute walk of the tower.
Zabeel High School is located within a five-minute drive of the apartments. The nearest nursery, Little Diamond Nursery, can be reached within a 10-minute drive. The Clinic by Medcar and the Deira Clock Tower are also situated within a 10-minute drive.
Deira is the oldest commercial district in Dubai. The area borders the Arabian Gulf and the emirate of Sharjah. As a result, real estate in this area is in demand among investors.
Jewel Of The Creek offers properties that have a return on investment rate of 5.5%. Investors can purchase apartments to subsequently rent out, which can general a steady income. Annual rental rates range from AED 75,000 (USD 20,000) to AED 280,000 (USD 76,000), and the estimated payback period for a unit ranges from 15 to 22 years.
*The price is valid for 2021
Sign up for our weekly newsletter for market updates!