Overview

Property Description

Orchid is a prime residential beachfront development by Emaar Properties, located in Creek Beach, Dubai Creek Harbour. In Q2 2022, the complex was launched with two 11-storey residential towers, offering apartments with one to three bedrooms and penthouses with four bedrooms or more. Each apartment has one or more balconies or terraces overlooking Ras Al Khor Wildlife Sanctuary, which ranges in size from 666 sq. ft. to 1,651 sq. ft. As mentioned earlier, Orchid will become part of Creek Beach, which will feature gourmet dining options and licensed bars and restaurants. Once completed, the area will include a Creek Marina, a Creek Marina Yacht Club, a waterfront promenade, and more.. A luscious Central Park will be the centerpiece of Creek Beach, which will include an amphitheater, an interactive water feature, a desert garden, a playground, as well as a fitness plaza and a skate park. A 1-bedroom apartment in Orchid starts at AED 1.5M (USD 408.5K). *Prices are valid for 2022 As an attractive investment as well as a private residence, Orchid is due for completion in Q4 2025. You will be able to resell the capital property at a much higher price once it has been completed, as its value will rise significantly upon completion. Furthermore, you can utilize the property management service and lease an apartment and generate a decent income on a monthly/quarterly/yearly basis. As of Q2 2022, according to Property Finder, the ROI for 1-bedroom apartments in Dubai Creek Harbour is 5.8%, whereas the starting rental price is AED 60K (USD 16.4K) per year. A three-year investor visa can also be obtained by purchasing a ready to move property in Dubai worth a minimum of AED 750K (USD 205K). The family sponsorship option will allow you to become a UAE resident upon the handover of Orchid and bring your spouse and children with you.

Features & Amenities

Location