Launched in Q2 2022, Park Field is an upscale residential development by Emaar Properties in one of the most prestigious areas in Dubai – Dubai Hills Estate. The new project will consist of 2 towers with 10 and 19 residential floors, and offers a collection of elegant 1-3 bedroom apartments, as well as just three 2-bedroom duplex townhouses. In total, there are 301 properties available for sale, with living areas ranging from 645 sq. ft to 2,199 sq. ft.
Each unit in Park Field will feature a laundry room and at least one balcony, while layouts of townhouses will contain an additional linen room, 2 gardens, 2 walk-in closets and an entrance foyer. Not forgetting the floor-to-ceiling windows, which will be installed in every residence and will provide an unmatched view of the surrounding greenery.
As a property owner of Park Field, you will be granted full access to a range of excellent leisure and wellness offerings, which include, but are not limited to:
The starting price for a 1-bedroom apartment in Park Field amounts to AED 1,060,000 (USD 289,000).
Another attractive development in Dubai Hills Estate is Park Ridge, which has a range of apartments and townhouses for sale. Its homeowners can benefit from zen and yoga gardens, running tracks, infinity pools and more.
*The price is valid for 2022
Park Field will boast close proximity to the Al Khail Road, ensuring great road connections and an excellent commute around the rest of Dubai. That being said, occupants of the envisioned development will be able to reach Dubai Marina, Business Bay and Dubai International Airport within 25 minutes. It is recommended for residents of this development to use a private vehicle for commuting around the city, as there are no public transport links within the vicinity of Park Field yet.
Prospective real estate buyers will be keen to learn that the stunning development by Emaar Properties will be located next to Dubai Hills Park, which is the longest park in any community in Dubai. Perfect for a fun family outing, the park features a Skate Park, a Splash Pad, an Ice Rink, a dog park and an amphitheater nestled amongst 1,800 trees and palm trees. At the same time, fitness and sports enthusiasts will enjoy a basketball court, a volleyball court, an outdoor gym, a padel tennis court, a running track and more. It is worth noting that Dubai Hills Estate residents can avail tickets and equipment rentals at a special rate from the Emaar Entertainment counters for each attraction.
As well as the above, just a 25-minute walk away, Park Field occupants will be able to reach Dubai Hills Mall, which houses more than 600 retail outlets, including globally renowned brands, plus a yet-to-open Roxy Cinemas outlet, Adventure Park and an indoor roller coaster called The Storm Coaster that claims to be the fastest indoor roller-coaster in the world. Not forgetting the Geant Hypermarket, which is the largest one in the UAE.
Within about the same distance it will be also possible to reach King’s College Hospital, which is one of the best medical facilities in Dubai, aiming to cater to the healthcare needs of the entire family. That being said, its professionals are carefully selected from the UK, including King’s College Hospital in the UK, as well as its partner hospitals.
Less than a 10-minute drive away there are a range of prestigious academic institutions, which are as follows:
It will take about the same amount of time to reach Dubai Hills Golf Club, which is an unparalleled 18-hole par-72 championship course operated by Troon Golf. With strategically placed bunkers, lakes, valleys and fairways, this world-class golf course boasts a floodlit driving range, a short game practice area, putting green area, teaching studios and two 9-hole courses.
Due in Q4 2025, Park Field real estate is an attractive option not only for private use, but also as a commercial investment. To begin with, you can consider reselling the property upon its completion or during the latest stages of construction, as its capital value is guaranteed to increase.
Secondly, there is the possibility to rent the apartment/townhouse, as property in Park Field will appeal to families with children thanks to the parks, schools and plenty of leisure options right on the doorstep of the development. That being said, according to Property Finder, the average gross ROI for 1-bedroom apartments in Dubai Hills Estate is 6%, whereas the starting rental price for this property type is AED 50K (USD 13.6K).
When investing in a ready property in Dubai worth at least AED 750,000 (USD 205,000), you can obtain a 3-year investor visa. Thus, once Park Field is completed, you can enjoy all the perks of UAE residency, including family sponsorship. According to the latest UAE visa overhaul, there is a lucrative opportunity to apply for a Golden Visa if the property costs a minimum of AED 2,000,000 (USD 545,000). This regulation applies both to secondary and off-plan properties, which can also be mortgaged.
*The price is valid for 2022
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