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Parkway Vistas

Buying Property in Parkway Vistas by Emaar

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About Development

Parkway Vistas is a new luxury residential development from Emaar Properties, the highly renowned developer of the Arab world. The project is under construction, which began in 2016, and is located in Dubai Hills Estate, Mohammed Bin Rashid City, a new emerging neighborhood in Dubai.

The property collection in the complex features 61 luxury 6 and 7-bedroom villas. The houses are designed in an impeccable style, with the most comfortable layouts, elegant facades and exquisite interiors. Each villa has panoramic windows, spacious bedrooms and living rooms, functionally designed kitchens, fully equipped bathrooms, garage, maids and drivers quarters, as well as grounds and spacious terraces overlooking the park areas.  The minimum living space for a six-bedroom villa at Parkway Vistas is 770 square meters (8,285 square feet), and the price starts at AED 13,000,000 (USD 3,540,000).

*The price is valid for 2020

The amenities and modern infrastructure offered to residents of Parkway Vistas,  in the Dubai Hills area include:

  • an individual plot of land;
  • garage and terraces in all villas;
  • an outdoor community pool;
  • children’s play areas;
  • sports fields;
  • views of the parks and landscaping;
  • recreation areas;
  • schools;
  • medical clinics.

Location

Parkway Vistas is located in the northern part of the Dubai Hills Estate, the first phase of the “city within a city” project  in Mohammed Bin Rashid City. Parkway Vistas is designed as a gated community and is located at the intersection of Al Khail Road and Umm Suqeim Street. Residents can quickly reach Dubai’s major facilities: DXB and Al Mactoum International Airports in 25 and 40 minutes respectively, Palm Jumeirah Island in 22 minutes, Burj Al Arab Hotel in 20 minutes, The Walk JBR in 26 minutes and Dubai Mall in 20 minutes. Additionally, the area is well-connected with bicycle trails and two new subway lines.

The developed infrastructure in the Dubai Hills area includes golf courses, golf communities, swimming pools, children’s and sports grounds, three schools, medical clinics, offices, places for recreation, parkland, Dubai Hills Park, and a large shopping center Dubai Hills Mall.

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Payback

The Parkway Vistas complex represents elite real estate, which is profitable to invest in. Dubai Hills Estate’s infrastructure is developing rapidly, and the abundance of green areas here creates an ecological image of the area and attracts new long-term tenants. The average cost of a villa with six bedrooms in the residential complex Parkway Vistas is on average AED 13,500,000 (USD 3,680,000), and the annual rental income in similar areas in the Dubai Hills is about AED 1,100,000 (USD 300,000). Thus, the return on investment in the complex is expected to be high, with a rate of return of up to 4.82%.

*The price is valid for 2020

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