Overview

Property Description

In Dubai Creek Harbour, Emaar Properties' Creek Palace is an ultra-luxury residential development in Creek Island. With a total of 325 units, the 33-storey tower, which was completed in Q1 2020, offers 1-3 bedroom apartments as well as eight 3-bedroom waterfront villas. The bespoke residences offer living areas ranging from 642 square feet to 2,287 square feet, overlooking the Creek Beach and the Burj Khalifa. Each property in Creek Palace will have a private balcony or two, a laundry room and a foyer, according to the master plan. Additionally, owners of 3-bedroom apartments and Waterfront Villas will have access to a linen room for efficient housekeeping, in addition to the previously mentioned key features. To have an uninterrupted sea view, the waterfront villas are located on the upper floors of the building.. From the promenade, a dedicated elevator will ride directly to the villa residences and pool deck. In Creek Palace, a 1-bedroom apartment starts at AED 1.13M (USD 307.6K), while a Waterfront Villa costs AED 3.69M (USD 1M). *Prices are valid for 2022 only The bespoke residential development Creek Palace will be adjacent to the Palace Hotel operated by Address Hotels + Resorts. As a result, homeowners will have access to a wide variety of hotel services, including valet and concierge services, and discounts on hotel facilities. Within walking distance of Creek Palace are waterfront F&B venues and a 2,296-foot private beach. As of Q1 2021, the starting rental price for a 1-bedroom apartment in Dubai Creek Harbour is AED 50K (USD 13.6K) per annum, and the ROI averages at 5.3%, according to Property Finder. Upon completion of the social infrastructure, rental yields in this area should increase. As a result, Dubai Creek Harbour will feature retail spaces, parks, plazas, schools, medical facilities, hospitality, and F&B facilities. Among the other flagship attractions will be the Creek Tower, the tallest tower in the world, as well as the largest Chinatown in the Middle East. Based on the DLD data acquired from 1 January 2022 until 20 March 2022, Grove, Rosewater, Address Harbour Point and The Grand were among the most popular projects bought in Dubai Creek Harbour during this period. Finally, it is worth noting that the Taskeen Programme, which allows you to obtain a 3-year investor visa by purchasing a property with a minimum qualifying amount of AED 750K (USD 205K), is available to buyers of Creek Palace. You will be able to apply for this type of visa once Creek Palace has reached 100% completion and benefit from family sponsorship, which will allow you to bring your spouse and children to the UAE as well. While Creek Palace is under construction, you can take advantage of attractive property prices and lucrative payment plans directly from the developer.

Features & Amenities

Location