Island Park I
About the Project
Island Park 1 is an 11-storey residential complex in Dubai Creek Harbour.
The developer of Island Park 1 is Emaar Properties. The complex is located near the beach and the lagoon. Island Park 1 offers one, two and three-bedroom apartments. The total number of apartments in the complex is 154.
The complex provides the following facilities for residents:
- a barbecue area;
- a playground for children;
- parking spaces for electric cars;
- a swimming pool;
- a fitness center.
The key feature of Island Park 1 are the views of Dubai Creek Tower and Burj Khalifa. In addition, not far from this complex is a park area. Another desirable feature of this location is its proximity to Dubai Boulevard.
The price of apartments in Island Park 1 depends on how many bedrooms you have. The minimum price for apartments are:
- One-bedroom – AED 1,119,888 (USD 304,889);
- Two bedrooms – AED 1,606,888 (USD 437,474);
- Three bedrooms – AED 2,356,888 (USD 641,661).
*The price is valid for 2020
Location
Island Park 1 is located on Dubai Creek in Dubai Creek Harbour. The complex is located near the lagoon, with a sandy beach, parkland, promenades, a metro station and Ras Al Khor reserve. Within half an hour from Island Park 1 is Dubai Mall and Dubai International Airport. Creek Marina, Dubai Creek Golf and Yacht Club, the Dolphinarium, Jamil Arts Center and other Dubai attractions are also in close proximity to this complex. The Dubai Creek Harbour area is also home to educational institutions, health care facilities and many fashion stores.
Payback
The average gross return on investment for apartments in Island Park 1 is 4.35%. The average cost of renting an apartment in Dubai Creek Harbour is AED 78,185 per month (USD 21,285). In calculating the net profit it is worth taking into account the annual management fee and VAT.
In the near futurea significant increase in property values in Dubai Creek Harbour is anticipated. It is expected that the area will become a more modern and improved version of the current center of Dubai. Also, according to the project, the area is expected to become a major tourist destination. Here theconstruction of the tallest tower in the world is planned and the creation of a man-made beach. It is also planned that the Dubai Creek Harbour area will become a new shopping destination in Dubai. According to Emaar Properties’ plans, the development of the area will be completed in 2025.
*The price is valid for 2020
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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