Overview

Property Description

The Crestmark is a premium residential project by one of Dubai's leading developers — Ellington Properties, and will be located in Business Bay. A home automation system will be installed in every unit of the high-rise complex. It offers studios and apartments ranging from one to three bedrooms, as well as three penthouses ranging from three to four bedrooms. As a resident of The Crestmark, you will have unrivaled views of the Dubai Water Canal and the Business Bay Marina. In this development, living areas range from a compact 493 square feet to a generous 6,104 square feet. Each layout will include 1-2 balconies, a laundry room, and a powder room. The key features of the exclusive penthouses, depending on the floor plans, will be an infinity plunge pool or an outdoor jet whirlpool, as well as show and preparation kitchens, and a staff room. Not to mention an outdoor lounge area, a shoe cabinet, an office, walk-in closets in the bedrooms and a DJ table. The starting price of a 1-bedroom apartment in The Crestmark is AED 2.11M (USD 574K), while the service charge is AED 18 (USD 4.9) per square foot. *Prices are valid for 2023 With the Crestmark due to be completed in Q1 2026, Ellington Properties has completed its second project in Business Bay, following The Quayside, which sold out within just a few hours of its launch. Investors have shown confidence in Ellington Properties' high quality homes. The Crestmark real estate is worth considering as a buy-to-let option for tourists or business professionals. Since it is only a 20-minute walk from Downtown Dubai, which houses Dubai Mall, Dubai Fountain, Dubai Opera, and other iconic landmarks, it is ideally suited to attract tourists. A-grade offices and tailored business facilities will be especially useful to entrepreneurs. Based on Property Finder, the gross average ROI for 1-bedroom units in Business Bay in Q2 2023 was 5.8%. Initially, the rental rates are set at AED 58K (USD 16K) per year. Based on these figures, you should be able to earn a decent income and recover the initial property value quickly. If you invest in The Crestmark, you become eligible for a 2 or 10-year visa with a minimum qualifying sum of AED 750K (USD 204K) or AED 2M (USD 545K).

Location