Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, October 23 2018 - 00:55
AsiaNet
Emaar: With Iconic Dubai Creek Tower and Dubai Square, Dubai Creek Harbour Set to Record 30 to 40% Uplift in Property Prices
DUBAI, UAE, Oct. 23, 2018 /PRNewswire-AsiaNet/ --

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 
[mailto:kelly.home@bm.com]

Video: https://mma.prnewswire.com/media/772693/Emaar_Dubai_Creek_Harbour.mp4 

Source:  Emaar
Translations

Japanese