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, statistics shows. Dubai Creek Harbour is a good market for luxury properties offering great views over Downtown Dubai and 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, the marina and 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 takes around 8826 sq. ft, more than 710 000 sq. ft of public and retail spaces and 78.6 mln sq. ft of residential areas.
The development has been delivered in several phases. Now it contains several independent, though connected into one ecosystem, communities. The first established residential clusters include Island District, Creek Beach and Dubai Square and followed by 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 waterfront. The community is ideal for working couples and professionals thanks to neighboring 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 “green community” due to extensive and well-developed alternative transportation. There are many bicycle rent around within the district, as well as trams and electric buses.
The closest metro station is Creek Metro Station located right at 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 links to other parts of dynamically developing megapolis the following directions may be reached within 30 minutes’ drive:
It will take around 15-20 minutes to get to the 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, Nadd Al Hamar Health Center.
Dubai International Airport (DXB) is located 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 will be catered with Asian and international cuisines. Shopping promised to be certainly upscale with an amazing variety of more than 800 retail outlets owned by international designers and high-fashion bespoke boutiques. The area is well-packed with parks, landscaped walking paths, cycle and running routes.
The most noted landmark of the vicinity is 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. The development of the tower worth USD 1 billion. Dubai Creek Tower features one of the highest observation decks in Dubai, that opens sweeping 360-degree view over an entire area of Dubai Creek Harbour and the city skyline.
Ras Al Khor Wildlife Sanctuary is set just moments away from Dubai Creek Harbour (less than a 10-minute drive). It is worth to mention, that local wildlife preservation is an integral part of Dubai Creek Harbour master-planned project. The reserve is a home to over 450 animal species, including about 500 big rose flamingoes. These beautiful birds have even become some sort of Dubai wildlife protection program’s mascot.
Al Fahidi Historical Neighborhood, also known as Al Bastakiya, is another popular touristic destination located 20-minute drive away. The neighborhood was originally built in XVIII century and only some part of it was saved in rapidly upgrading Dubai’s settings. It was just an extraordinary survival, because in 1980s, half of the village was demolished and was planned to be replaced by a large office complex. The historical complex of Al Fahidi famed for its old Arab buildings and lanes, a coffee museum, art galleries and artisan cafes, and it draws a lot of visitors by now. One of the most interesting artefact in the neighborhood is Al Fahidi Fort.
Dubai Creek Harbour offers lucrative investment opportunities and an economic capacity of the neighborhood looks quite promising in 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 quality apartments are delivered with finishing and furniture made of high-quality materials, such as marble countertops and tiled floors. These modern homes has luxurious on-site amenities, such as swimming pools for kids and adults, facilitated gyms, and also 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). Prices for a one-bedroom apartments start from around AED 850 000, (USD 231 000). Two-bedroom apartments start at AED 1 200 000 (USD 327 000).
The average rental price for one-bedroom units is AED 71 000 (USD 19 000) annually.
Property in Dubai Creek Harbour generates a ROI of 4%-5,2% yearly, though the yield level may grow significantly depending on layout, property size and location.
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