DUBAI, UAE, Oct. 22, 2018 /PRNewswire/ -- Dubai Creek
Harbour, the six square kilometre mega-development, located only 10
minutes from Dubai International
Airport and the iconic Burj Khalifa, is set to record an uplift in
residential property prices by an average of 30 to 40% in the
short-term, according to market estimates.
Featuring iconic attractions such as the Dubai Creek Tower and
Dubai Square, the newly unveiled retail metropolis of the future,
the prestigious waterfront development by the historic Dubai Creek
is well-positioned to set new benchmarks in value appreciation and
returns on investment. This makes the residential launches in Dubai
Creek Harbour a compelling purchase for investors.
A comparison with the appreciation in property prices in
Downtown Dubai with neighbouring
developments gives strong evidence to the remarkable value that
Dubai Creek Harbour investments will also deliver for customers.
Since the opening of The Dubai Mall and the grand inauguration of
Burj Khalifa, residences in Downtown
Dubai, have recorded continued appreciation in property
prices – in both the primary and secondary markets.
As the most sought-after residential location in Dubai, homes in Downtown Dubai that were developed by Emaar
have continuously recorded a strong investor and market response.
Market reports for July 2018 show the
average price per square foot of residential property in
Downtown Dubai was 38% higher than
in residential developments in Business Bay.
Market estimates project that Dubai Creek Harbour is set for
similar or greater appreciation in property prices. Driving this is
the Dubai Creek Tower, an iconic observation tower set to welcome
millions of visitors annually. Dubai Square is also expected to
lend further traction to residential property in the
mega-development. At 2.6-million square metres (about 30 million
square feet), it will be an astonishing retail, hospitality and
residential district for the future.
The first homes in Dubai Creek Harbour will be handed over next
year, with the progress in construction strengthening investor
confidence. Dubai Creek Harbour will be the closest lifestyle
destination for the millions of visitors passing through
Dubai International Airport. In
addition to serving Dubai's 3
million-strong population, it will also be a preferred lifestyle
destination for high net worth investors in a geographic catchment
area within four hours' flight time of the emirate.
For details:
Kelly Home
ASDA'A BCW
+971-4-4507-600
kelly.home@bm.com
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SOURCE Emaar