Creek Beach Sunset

Creek Beach Sunset is an apartment complex under construction consisting of several structures in Dubai Creek Harbour.

The developer of this complex is Emaar Properties. The residential complex consists of three separate buildings. Each building will offer one, two and three bedroom apartments. Construction on Creek Beach Sunset began in November 2018. The tentative delivery date for this property is December 2021.

Creek Beach Sunset will feature:

• private gardens;
• outdoor barbecue areas;
• a fully equipped gym;
• a swimming pool.

The price of apartments at Creek Beach Sunset starts from AED 1,100,000 (USD 300,000). This complex features apartments ranging in size from 761 square feet (70 square meters) to 2,356 square feet (219 square meters).

The average gross return on investment for apartments at Creek Beach Sunset is 4.35%. The average annual rental value of the apartments is AED 78,185 (USD 21,285). To calculate the net return that renting apartments in Creek Beach Sunset will bring, you should incorporate the following fees:

• Management fee. On average this is AED 4,500 (USD 1,225) per year.
• 5% VAT. If you consider the annual average cost of apartments in Dubai Creek
• Harbour, the average tax costs AED 3,909 (USD 1,064).

Consequently, the net annual profit, if the apartments in Creek Beach Sunset are rented out would be almost AED 70,000 (USD 19,000). So, at current rates, the apartments at Creek Beach Sunset will pay for themselves in 15 years. But given developer Emaar Properties’ plans to make Dubai Creek Harbour the new center of Dubai, real estate prices in this area should increase significantly in the near future.