Creek Palace is a ultra-luxury residential development by Emaar Properties, located in the sought-after area of Creek Island, Dubai Creek Harbour. Presented back in Q1 2020, the branded 33-storey tower offers a total of 325 units, namely 1-3 bedroom apartments and eight 3-bedroom Waterfront Villas. Overlooking the Creek Beach and the Burj Khalifa, the bespoke residences boast living areas from 642 sq. ft to 2,287 sq. ft.
According to the master plan, each property in Creek Palace will feature 1 or 2 private balconies, a laundry room and a foyer. Moreover, owners of 3-bedroom apartments and Waterfront Villas will have a linen room at their full disposal for efficient housekeeping, in addition to the previously mentioned key features. It is worth mentioning that the waterfront villas are placed on the upper levels of the building in order to have an uninterrupted sea view. There will also be a private dedicated elevator that rides from the promenade directly to the villa residences and the pool deck.
Focused on the well-being of its residents, Creek Palace will feature a fully-equipped recreational area, with a gym, an infinity edge pool, and a dedicated yoga room, alongside BBQ areas and lawns. At the same time, the little ones will be able to make new friends and have fun in a designated play area and a kid’s pool. Not forgetting the vibrant Creek Promenade right on the doorstep of the development, where homeowners will be treated to the following amenities:
On top of all the above, residents of the high-end development will be provided with easy access to Central Park, which houses a splash pad, a fitness plaza, a lawn amphitheatre, skating areas, a children’s play area and a dog park.
The starting price for a 1-bedroom apartment in Creek Palace amounts to AED 1.13M (USD 307.6K), whereas a Waterfront Villa can be acquired for a minimum of AED 3.69M (USD 1M).
*The price is valid for 2022
Creek Palace is designed as part of a gateway entrance to the Creek Island community in the upcoming mega-development of Dubai Creek Harbour. As the branded tower is adjacent to the Ras Al Khor Road, occupants will be able to reach many sought-after destinations within a maximum of just a 15-minute drive. These include, but are not limited to Dubai International Airport, Business Bay and Dubai Festival City. The entire area of Dubai Creek Harbour is currently under development, which means the public transport infrastructure is yet to be constructed. Nevertheless, upon completion of all corresponding works, Creek Palace will boast excellent connectivity to the rest of Dubai thanks to 4 metro stations, an advanced road and bus network system, 3 bridges connecting to the Creek Island, and water taxis to Downtown Dubai, as stated in the master plan.
Within a 25-minute walk from the residential development, there is the Creek Marina, which is home to food trucks, a yacht club, an 81 berth marina, art installations, a sculptural viewing deck and a licensed Vida Creek Harbour Hotel, offering plenty of leisure and dining options. It will take the same amount of time to reach Geant Express, where residents can stock up on their daily or weekly groceries.
Meanwhile, travel time to the following academic and medical institutions will take no longer than 15 minutes’ by car:
Not forgetting the beautiful Ras Al Khor Wildlife Sanctuary, within equal distance, which serves as a breeding ground for fish, mammals and smaller water insects. Ras Al Khor Wildlife Sanctuary is highly popular among nature lovers, particularly for its hundreds of flamingos which can be observed in their natural habitat.
The bespoke residential development Creek Palace will be adjacent to the Palace Hotel operated by Address Hotels + Resorts. That being said, homeowners will be provided with discounts on hotel facilities and with privileged access to on-demand housekeeping and hotel services, including valet and a concierge. Creek Palace is within the immediate vicinity of Creek Beach, with waterfront F&B venues and a large private beach of 2,296 ft.
As of Q1 2021, the starting rental price for a 1-bedroom apartment in Dubai Creek Harbour is AED 50K (USD 13.6K) per annum, and the ROI averages at 5.3%, according to Property Finder. The rental yields are set to increase in this area once the social infrastructure is completed. With that in mind, Dubai Creek Harbour will house a wide array of civic amenities upon completion, including retail spaces, parks, plazas, schools, medical facilities, hospitality and F&B venues.
*The price is valid for 2022
Additionally, there will also be the tallest tower in the world called the Creek Tower, and the largest Chinatown in the Middle East, alongside other flagship attractions. As shown in the DLD data acquired from 1 January 2022 until 20 March 2022, among the most popular projects bought in Dubai Creek Harbour are Grove, Rosewater, Address Harbour Point and The Grand.
Finally, it is worth noting the Taskeen Programme, which gives you the opportunity to obtain a 3-year investor visa by purchasing a property with a minimum qualifying amount of AED 750K (USD 205K) is available to buyers of property in Creek Palace. Once Creek Palace is 100% completed, you will be able to apply for this type of visa and subsequently benefit from family sponsorship, enabling you to bring your spouse and children to the UAE as well.
Creek Palace is due for completion in Q1 2026 and while it is under construction, you can benefit from attractive property prices and lucrative payment plans directly from the developer. For more details, please contact our real estate agents.
*The price is valid for 2022
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