Park Horizon

Park Horizon is a premium residential development which was launched by Emaar Properties in Q4 2022 in the sought-after Dubai Hills Estate neighbourhood. The complex consists of 2 towers and offers an array of stylish 1–3 bedroom apartments, in addition to spacious 2-bedroom duplex townhouses. In total, there are 300 residential units available in the project.

The size of the properties for purchase ranges from 653 sq. ft to 2,291 sq. ft. Enveloped in sophistication, the Park Horizon residences will be complemented with floor-to-ceiling windows, which will overlook luscious leafy spaces, and will have spacious terraces/balconies/gardens, where occupants can take in the serene atmosphere.

The starting price for a 1-bedroom apartment in Park Horizon amounts to AED 1,160,000 (USD 316,000).

Another flagship development by Emaar Properties in Dubai Hills Estate is Hills Park, which houses an array of 1–3 bedroom apartments and full-floor properties.

Park Horizon is scheduled for completion in Q3 2026, providing you with the opportunity to purchase a property at a lower cost during the initial stages of construction. Upon completion of the development, you will be able to resell your unit with an increased capital value and benefit from extra income.

All residents of Dubai Hills Estate are granted a special rate in terms of equipment rentals and tickets for attractions in Dubai Hills Park, which means you can also take advantage of the rates as a prospective resident of Park Horizon. Within a 10-minute drive of the development, there is Dubai Hills Golf Club, which is a world-class 18-hole par-72 championship course.

It is worth considering using a property in Park Horizon for a subsequent lease, as it is highly likely to be in high demand among families with children. This is attributed to the fact that just a 10-minute drive away, there are several prestigious academic institutions, such as GEMS International School, GEMS New Millennium School, GEMS Wellington Academy and Blossom Dubai Hills. According to Property Finder, as of Q4 2022, the average gross yield for apartments with 1-bedroom layouts is 6%, whereas the initial rental cost is AED 55,000 (USD 15,000) per annum.

In line with the Taskeen Programme, when acquiring a property valued at a minimum of AED 750,000 (USD 205,000), you are granted eligibility for a 3-year investor visa. At the same time, if real estate costs AED 2,000,000 (USD 545,000), you can obtain a 10-year Golden Visa. Please note that these residency schemes apply to completed properties only, which means that you will have to wait until Park Horizon is fully completed to apply.