Dubai Creek Residences
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About the project
Dubai Creek Residences is a complex of six residential buildings in the prestigious Dubai Creek Harbour neighborhood, which is a separate part of the larger community, The Lagoons. The developers were Emaar Properties and Dubai Holding. Construction was completed in 2019.
The complex includes North Tower 1,2,3 and South Tower 1,2,3.
Each building offers apartments with 1, 2 and 3 bedrooms. They offer views of Dubai Creek and the attractions in the area.
For the comfort of Dubai Creek Residences residents there is 24-hour security, covered parking, swimming pools and equipped fitness rooms, conference rooms, recreation areas for the whole family, cafes and supermarkets, and on-site spas.
A special feature of Dubai Creek Residences is a private landscaped area with areas for strolling.
The exclusive hotel Vida Creek Harbour is located in the center of the complex.
The architecture and design of the buildings combine a modern laconic style and the latest global trends.
Apartments start at 82 sq. m (880.6 sq. ft). One-bedroom apartments start from AED 1,260,000 (USD 326,704). The price for three-bedroom apartments will start from AED 3,000,000 (USD 816,760) for 179 sq. m (1930 sq. ft).
*The price is valid for 2020
Location
The property is just 2.5 km from Ras Al Khor Road which connects with Sheikh Zayed Road. This location offers easy access to the major Business Bay and Downtown Dubai.
Dubai International Airport can be reached in 25 minutes by car.
Ras Al Khor Flamingo Nature Reserve is a 15-minute drive away.
Renowned shopping malls such as Dubai Mall and Bay Avenue Mall are located 12 km from the complex. They feature fashionable boutiques, cinemas, restaurants and cafes, and entertainment spaces for children.
The nearest schools and developmental centers are New Academy School, The Alpha School, Universal American School, Raffles International School, and Salma Al Ansaria Primary School.
For medical care you can go to Latifa Hospital, the American Hospital, Rashid Hospital, Ibn Nafees Medical Center, Dubai Equine Hospital. All of them are located within 20-30 minutes’ drive.
Jumeirah Beach is 18 km away.
Payback
According to the latest data for the apartments, the return on investment is 4.35%.
The annual rent for one-bedroom residences is AED 70,000 (USD 19,100). Net income is AED 59,700 (USD 16,250) per year.
This amount is calculated including management fees – AED 5,000 (USD 1,360) and mandatory VAT – AED 3,260 (USD 890).
Demand for housing in Dubai Creek Residences will grow due to the developing infrastructure of the area and the favorable location in Dubai Creek.
*The price is valid for 2020
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Metropolitan Premium Properties
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