Here's what to expect from Dubai's newest community.
Words by Aneesha Rai in The Guides · May 10th, 2017
Besides being famous for The Tower, a building that is going to upstage the Burj Khalifa, Dubai Creek Harbour promises to be a very exciting master community. Offering close proximity to the airport and the ports, this master community by Emaar has a host of offerings that will prove to be very interesting in shaping the new Dubai landscape by the year 2020. Here's why this area is potentially an investor gold mine:
1. Affordable Luxury
Offered at a lesser price point than Downtown Dubai, this master development has the same facilities that are matchable to the glamorous area. In fact, it offers a beautiful view of the Downtown skyline as well. Its location next to the Ras Al Khor sanctuary will help create your own little piece of paradise. Amenities include a jacuzzi, infinity pool, gym, kids club and a common garden amongst others.
2. An Ecologically Conscious Development
In order to promote sustainable growth and preserve the ecological surroundings of the Ras Al Khor wildlife sanctuary, the development is organically built. There are also plans for a new visitor centre. Emaar has also said they will attempt to minimise environmental impact as much as possible. Currently, the sanctuary runs over 620 hectares and shelters around 450 animal species. You can live here without a guilty conscience in one of the most sustainable communities in Dubai.
3. The New Marine Club
The new development will feature another Marine Club that will host promenades with retail concepts and cafes.
4. Promising Rental Yields
If you're looking to invest in a property in Dubai, a property in Dubai Creek Harbour may just be an option. Whether it's Harbour Gate or Creekside 18, there's something for everyone. "In terms of investment credentials, Dubai Creek Harbour presents a fantastic opportunity for investors to participate in the Dubai housing market. The pricing is based on the fact that the Dubai Creek Harbour project is so incredibly new and as such represents great value in terms of projected potential capital appreciation. One should bear in mind that any rental yield projected at this time is purely hypothetical as there is no current comparable evidence for Dubai Creek Harbour. Having completed a desktop analysis and utilising our core market data, we envisage gross rental yields to be in the range of 7-10%. Of course, this is not an exact science as we're projecting yields 3 years in advance."
5. Numerous Projects To Take Your Pick From
Managing Director of Luxhabitat, Jason Hayes says, "Dubai Creek harbour represents a very unique opportunity in Dubai to invest at the start of something special. The master planning of this development is incredibly fantastic and is very much based on the end-user experience. I'm delighted to see the developer take a keen interest in the ecological impact of the development which is something that should be close to all of our hearts." There are atleast six developments to choose from with different completion dates.
Excellent investment opportunities in one of the most raising communities in Dubai.