Investments in Dubai Creek Harbour may be very profitable for several major reasons. First of all, Expo 2020 is going to happen, it was postponed to October 2021, and it’s still going to attract millions of visitors. For instance, Dubai Creek Residence offers 1-3BR apartments located in 30 min drive from Expo 2020 site. The price of one-bedroom apartment for sale in Dubai Creek Residence varies from AED 1.83M and yields 5.8% of ROI.
Secondly, the construction of super-projects like Dubai Creek Tower and Dubai Square Mall is definitely going to raise the popularity of residential property in Dubai Creek Harbour. Apartments in Palace Residences offer uninterrupted views of The Tower and prices varying from AED 1.98M for one-bedroom unit.
Finally, Dubai Creek Harbour is a cutting-edge master development that will become the center of the world-class retail and one of the most sought-after residential, tourist and business destinations. It’s “a city within a city” with nine self-contained yet interconnected sub-communities, schools, medical centers, business centers, a marina with world-class harbour facilities and entertainment establishments. If you were looking for a good investment opportunity then consider buying an apartment in Dubai Creek Harbour, especially since Emaar Properties has many attractive offers including DLD waiver, zero service charge and flexible payment plan.
One of the most popular property for sale in Dubai Creek Harbour is Creek Palace. It’s a new project launched in 2020 and scheduled for completion by October 2023. The project comprises 33-storeyed residential tower located on Ras Al Khor Road, offering 328 apartments and 8 podium villas. The apartments at Creek Palace offer views of the community, Creek Beach, The Tower, Ras Al Khor Wildlife Sanctuary and the Island District, and feature one to three-bedroom units.
Another high-demanding property in the area is VIDA Residences Creek Beach. It is a 33-storeyed residential building that offers 1-3BR apartments. VIDA has an exclusive easy access to Creek Marina and the beach. The residences have top-class amenities including a concierge service, a parking service, a gym, a spa and a swimming pool. The project was launched in December 2019 and the estimated handover date is December 2022.
You also might want to look at Emaar The Grand in Dubai Creek Harbour. It is a 62-storeyed residential tower that features 500 units including apartments, penthouses and villas. The apartments have one to three bedrooms, penthouses have four bedrooms and villas have two or three bedrooms. The residents will have access to a fitness center, a tennis court, children playground and a swimming pool.
One-bedroom apartments for rent in Dubai Creek Harbour start at AED 64,000, while two-bedroom units are from AED 79,000. One can rent a 3BR apartment for prices between AED 112,000 to AED 190,000 per year. Penthouses for rent in Dubai Creek Harbour with 4 bedrooms are ranging between AED 250k to AED 260k.
The prices for 1BR apartments range between AED 748k to AED 2.1M, while 2BR units are available for AED 1M to AED 3.5M. Starting prices for 3BR apartments for sale in Dubai Creek Harbour are from AED 2.7M to AED 2.9M. Four-bedroom apartments have starting prices of AED 3.6M.
The average ROI for apartments in Dubai Creek Harbour is 4.9%. According to Dubai real estate report for H1 2020, one-bedroom units are the most profitable option for investors, while two- and three-bedroom units yield 4.3% and 4.0%, respectively.