Nestled in the coveted area of Creek Beach, Dubai Creek Harbour, Orchid is a prime residential beachfront development by Emaar Properties. The complex was launched in Q2 2022 and comprises two 11-storey residential towers, with a selection of exquisite 1-3 bedroom apartments and 4-bedroom penthouses. The total area of the apartments ranges from 666 sq. ft to 1,651 sq. ft and include 1 or more balconies or terraces overlooking the ever popular Ras Al Khor Wildlife Sanctuary.
In order to provide a comfortable living for its residents, Orchid will be equipped with a variety of leisure and wellness offerings. These are as follows:
Not forgetting that residents will be provided with full access to a 2,296 ft sandy beach.
As mentioned earlier, Orchid is set to become part of Creek Beach, which will house gourmet dining options and licensed bars and restaurants. There will also be a Creek Marina, with interactive art installations, a Creek Marina Yacht Club, a waterfront promenade and more in the area, once completed. Meanwhile, the focal point of Creek Beach will be a luscious Central Park which will include an amphitheater, an interactive water feature, a desert garden, a playground, as well as a fitness plaza and a skate park.
The starting price for a 1-bedroom apartment in Orchid is AED 1.5M (USD 408.5K).
*The price is valid for 2022
The long-awaited complex will be located within the vicinity of the Ras Al Khor Road, enabling homeowners to easily move around the rest of Dubai. That being said, travel time to Dubai Festival City, Business Bay and Dubai International Airport will not exceed 15 minutes. It is worth nothing that Orchid will boast close proximity to Rosewater, which is another prime residential development within the same community, with a range of 1-3 bedroom apartments and opulent penthouses with 3 and 4-bedroom layout options.
As the infrastructure of the entire Dubai Creek Harbour is still under construction, it is recommended to use a private vehicle for a hassle-free commute. Prospective real estate buyers will be keen to learn that once the area is fully developed, Orchid will have easy access to 4 metro stations, 3 bridges connected to Creek Island, as well as an efficient road and bus network. As of Q2 2022, the closest metro station, Dubai Creek Metro Station is a 20-minute walk away and there is also the electric abra service available to all residents and visitors.
It will take about the same amount of time to reach the following facilities and F&B venues:
At the same time, a 10-minute car drive will take you to the below-mentioned medical and academic institutions:
Due for completion in Q4 2025, Orchid is an attractive option not only as a private residence, but also as a commercial investment. To begin with, upon its completion, the capital property value will rise, allowing you to resell at a much higher price than the one you originally paid for. Furthermore, you can take advantage of the property management service and lease an apartment and generate a decent income on a monthly/quarterly/yearly basis. That being said, according to Property Finder, the ROI for 1-bedroom apartments in Dubai Creek Harbour has reached 5.8%, whereas the starting rental price is set at AED 60K (USD 16.4K) per annum, as of Q2 2022.
In addition, when acquiring a ready to move property worth a minimum of AED 750K (USD 205K) in Dubai, one can obtain a 3-year investor visa. This means that upon handover of Orchid, you will be eligible to become a UAE resident and bring your spouse and children thanks to the family sponsorship option.
*The price is valid for 2022
Sign up for our weekly newsletter for market updates!