The Development of Dubai Creek
The Dubai Creek is a saltwater creek that travels about nine miles inland. The creek was first built in the 1950s. The space was necessary for helping allow boats to enter the inland parts of Dubai, allowing the space to be more appealing for commerce and transport purposes. The initial creek started at Port Rashid and ended at the Ras Al Khor Wildlife Sanctuary, but it was expanded by another eight miles to reach Jumeirah Beach and the Persian Gulf, completing a half-circle design. The layout ensures boats can make their way in and out of Dubai in moments.
Present Day
Dubai Creekside has evolved to include various marinas and crossings. The Al Jaddaf Marine Station and Port Saeed are among the more famous marinas along the creek, while the Al Maktoum Bridge and Al Shindagha Tunnel are popular crossings.
The National Bank of Dubai headquarters are along the creek. The Dubai Creek Golf and Yacht Club is on the northern bank of the creek, and the Dubai Dolphinarium and Children’s City park are on the southern bank near the Al Garhoud Bridge.
Many of the more prominent developments around Dubai have been built up around the Dubai Creekside area. The Dubai Mall, one of the world’s most massive shopping centers, is a few blocks north of the creek. The Burj Khalifa and Dubai Frame, two of the more noticeable landmarks in the city, are also close to the creek. The attractive landscape of Dubai Creekside has helped make this region one of the most exciting for investments.
The Dubai Creekside Neighborhood
The commercially valuable areas around the Dubai Creekside neighborhood make it one of the more luxurious spaces for living in Dubai. Residents on the northern end of the Creekside area will find shopping opportunities around the Dubai Spice Souk and Dubai Gold Souk. The Dubai Creek Park appears in the middle, while the Dubai Festival City Mall provides a vast space for business and commerce near the eastern end. The southern area goes through the Business Bay region, with Safa Park appearing not too far off.
People will spot many migrant birds and wildlife around this area coming from the Ras Al Khor Wildlife Sanctuary. This space is devoted to supporting the development of avian species.
Many of the properties around the Dubai Creekside area include luxury hotels that have been popping up. The JW Marriott Marquis Hotel and Hilton Dubai Al Habtoor City Hotel are noteworthy, while the InterContinental Dubai Festival City Hotel is one of the most luxurious spaces in the city.
Residents in Dubai Creekside will find it easy to get to and from some of the more prominent spots of the city. The Dubai Marina is about 25 minutes away, while the Dubai International Airport is about five minutes away from most spaces around the creek.
Types of Properties
Dubai Creekside is known for more than hotels, as there are many Dubai Creekside properties available for sale and rent. These spaces are more massive than other properties in various parts of Dubai.
Most properties will include dedicated amenities like children’s play areas, gyms, and community rooms. Yacht decks are also available around many spots, providing residents or guests with room to park their marine vehicles. Owners can also reserve private berths for their yachts.
People looking for something less expensive will need to look at what apartments are available. Penthouses and other massive properties will be better suited to those who have greater amounts of money. But no matter what one chooses, the prospective ROI for a space will be interesting for residents.
Apartments
Apartments are available in the Dubai Creekside area, although some of them are about a block away from the creek. Many apartments will feature three bedrooms and three to five bathrooms. Some of these properties are also duplexes, providing more spread-out space.
Smaller single-bedroom apartments are also available, but they are few and far between. Investors are more likely to find extended apartments designed for several months of living.
Many apartments are about 4,000 to 5,000 square feet in size. Residents can expect to spend about 4,400 to 5,000 AED per square foot when obtaining a space.
The average cost to rent one of these apartments in Dubai Creekside will be about 74,000 AED per month. The total will vary surrounding one’s contract.
Penthouses
The penthouses at Dubai Creekside are more massive than apartments, but their sizes will also vary. Some of the smallest penthouses around the area include four bedrooms and four to six bathrooms. One of these spots will have a total size of around 6,000 square feet.
Some of the most massive penthouses here are on the southern end near the Burj Khalifa. Luxury penthouses can include anywhere from six to ten bedrooms and as many bathrooms. A space can include nearly 30,000 square feet of room.
The most luxurious penthouses will include private amenities, including a pool, sauna, study room, laundry room, and even a private elevator. The community amenities can include a gym, lap pool, fitness center, healthcare clinic, and children’s care and play area.
The cost for a penthouse will go for about 4,400 to 5,000 AED per square foot. But the extensive sizes of these spaces will make many of these properties cost several million dirhams. A seven-bed, seven-bath penthouse at about 30,000 square feet can go for nearly 130 million AED, for instance.
Return on Investment
The return on investment for luxury properties in Dubai Creekside will vary surrounding the property layout, the views from a space, and the general location of the site. Investors can expect an ROI of about 4 to 5 percent per year. The enticing layout of Dubai Creekside and the alluring properties here make for a space that is more valuable for investment plans than one might expect.
Learn More About Dubai Creekside Properties
An investment in Dubai Creekside will be exciting for people to explore, as the Creekside area has many outstanding luxury properties different from what anyone may expect. These properties are in extensive buildings that are like small cities themselves.
You will find Dubai Creekside properties to be viable for how they are near many of the busiest and most vibrant parts of Dubai. The extensive amenities and vast living space in these spots make these sites worthwhile for purchase or rent.
Contact us to learn more about Dubai Creekside properties available for rent or purchase. We have many great choices for those looking for an investment.
