Statistics show that the most popular districts in terms of off-plan property projects among foreign investors in 2020 were Dubai Creek Harbour, EMAAR Beachfront and Port De La Mer. Dubai Creek Harbour has a good market for luxury properties, offering great views over Downtown Dubai and is located close to the iconic Creek Tower.
Dubai Creek Harbour is a large-scale, waterfront development that features a mix of residential, retail, commercial and entertainment venues, complete with green spaces, a marina and a yacht club. Dubai Creek Harbour is a flagship project of Emaar Properties and Dubai Holding, designed for integrated living, work and play in harmony with nature. The project covers 1359 acres of Dubai Creek area, where the mall occupies around 8,826 sq. ft, with more than 710,000 sq. ft designated to public and retail spaces, and 78.6M sq. ft of residential areas.
The development has been delivered in several phases and now contains several independent, though connected into one ecosystem, communities. The first established residential clusters include the Island District, Creek Beach and Dubai Square, followed by the Sanctuary District, Retail District, Urban Core District and Dubai Festival City.
According to the master-plan, Dubai Creek Harbour is a high-density district providing housing for over 650,000 residents. Residential complexes include Creek Gate, Harbour Gate, The Cove, Dubai Creek Residences, Creekside 18 Tower, Harbour Views and Creek Horizon.
Dubai Creek Harbour is a family-friendly district featuring an array of amenities, such as landscaped walking alleys, playgrounds for kids, fun zones, pools, a daycare center and multiple retail options set along the beautiful waterfront. The community is ideal for working couples and professionals thanks to the neighbouring business quarters of the city. All these factors promote Dubai Creek Harbour as one of the best communities to live in Dubai.
Dubai Creek Harbour is known as the largest pedestrian area in Dubai. The district is considered a “green community” due to its extensive and well-developed alternative transportation system. There are many bicycle rental stations within the district, as well as trams and electric buses.
The closest metro station is Creek Metro Station which is located right inside the district. The other nearby stations, Rashidiya Metro Station and Emirates Metro Station, lie 15 minutes’ away from Dubai Creek Harbour.
Thanks to the extensive infrastructure of the district and its excellent links to other parts of dynamically developing megapolis, the following locations can be reached within a 30 minute drive:
It will take around 15-20 minutes’ to get to the below schools and nurseries:
There is a good choice of medical centers and clinics situated just 15 minutes’ away from the community, such as Rashid Hospital, Emirates Specialty Hospital and Nadd Al Hamar Health Center.
Dubai International Airport (DXB) is located a 15-20-minute drive away from Dubai Creek Harbour, while Al Maktoum International Airport (DWC) is 40 minutes’ away under normal traffic conditions.
Dubai Creek Harbour offers an excellent food scene with numerous high-end restaurants and casual dining options located near the waterfront, where visitors can try Asian and international cuisines. Shopping promises to be upscale with an amazing variety of more than 800 retail outlets owned by international designers and high-fashion bespoke boutiques. The area is packed with parks, landscaped walking paths, cycle paths and running routes.
The most notable landmark of the vicinity is the Dubai Creek Tower, which is called “the Icon of XXI Century”. The tower is 928-m high and located in the central part of the district and the development of the tower is worth USD 1 billion. Dubai Creek Tower features one of the highest observation decks in Dubai, that opens up to a sweeping 360-degree view over the entire area of Dubai Creek Harbour and the famous city skyline.
Ras Al Khor Wildlife Sanctuary is set just moments away from Dubai Creek Harbour (less than a 10-minute drive) and is worth mentioning that local wildlife preservation is an integral part of Dubai Creek Harbour master-plan project. The reserve is home to over 450 animal species, including about 500 big rose flamingoes. These beautiful birds have almost become some sort of mascot for the Dubai wildlife protection programme’s.
Al Fahidi Historical Neighborhood, also known as Al Bastakiya, is another popular tourist destination located 20-minute drive away. The neighborhood was originally built in the XVIII century and only some parts of it were saved in rapidly upgrading Dubai’s settings. It was just an extraordinary survival, because in the 1980’s, half of the village was demolished and was planned to be replaced by a large office complex. The historical complex of Al Fahidi is famed for its old Arab buildings and lanes, a coffee museum, art galleries and artisan cafes, which draws in a lot of visitors every year. One of the most interesting artifacts in the neighbourhood is Al Fahidi Fort.
Dubai Creek Harbour offers lucrative investment opportunities with the economic capacity of the neighbourhood looking quite promising in the coming years. The district features the widest array of residential complexes, including 1-4-bedroom apartments, spacious penthouses with 4 and 5 bedrooms within close proximity to the yacht club and the marina.
High-end apartments are delivered with quality finishings and furniture made of high-quality materials, such as marble countertops and tiled floors. These modern homes have luxurious on-site amenities, such as swimming pools for kids and adults, facilitated gyms, as well as premium services including concierge, valet parking and 24/7 security. The residential area of the district is flanked by boutiques, great cafes and restaurants, trendy hotels and spaces for outdoor activities. There’s also a museum, a cinema and a large park.
The average price for residential properties in Dubai Creek Harbour is AED 1,300 (USD 354) per 1 sq. m (as of February, 2021) and prices for one-bedroom apartments start from around AED 850,000 (USD 231,000). Prices for two-bedroom apartments start at AED 1,200,000 (USD 327,000).
The average rental price for a one-bedroom unit is AED 71,000 (USD 19,000) annually.
Property in Dubai Creek Harbour generates an ROI of 4%-5.2% yearly, though the yield level may grow significantly depending on layout, property size and location.
Sign up for our weekly newsletter for market updates!