Creek Palace in Dubai Creek Harbour - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Creek Palace

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	154	23,791	3,657,888

Sales prices for completed properties in Creek Palace

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	60	27,741	1,660,000
2	99	30,450	3,010,800

Rents in Creek Palace

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	60	1,750	105,000
2	98	1,939	190,000
3	154	1,680	258,750

The cap rate (rental yield) of investments into Creek Palace project is 6.2% on average.

The price of an apartment in Creek Palace is 26,760 AED/sqm on average.

The long term rent of an apartment in Creek Palace is 1,761 AED/sqm/year on average.

Price for off-plan 2 bedroom apartment in Creek Palace is 3,657,888 AED or 23,791 AED/sqm.

Price for completed 1 bedroom apartment in Creek Palace is 1,660,000 AED or 27,741 AED/sqm.
Price for completed 2 bedroom apartment in Creek Palace is 3,010,800 AED or 30,450 AED/sqm.

Rent for 1 bedroom apartment in Creek Palace is 105,000 AED or 1,750 AED/sqm.
Rent for 2 bedroom apartment in Creek Palace is 190,000 AED or 1,939 AED/sqm.
Rent for 3 bedroom apartment in Creek Palace is 258,750 AED or 1,680 AED/sqm.

About Creek Palace

'Creek Palace' in 'Dubai Creek Harbour' area project description

Creek Palace is an epitome of luxury living located in the Dubai Creek Harbour area, an ambitious and thoughtfully planned waterfront development by Emaar. Nestled close to the historic Dubai Creek and adjacent to the Ras Al Khor Wildlife Sanctuary, Creek Palace offers a unique blend of modern urban living with an infusion of nature and serenity.

The residences are elegantly designed, featuring a mix of 1, 2, and 3-bedroom apartments that cater to a wide range of preferences and needs. Each unit boasts high-quality finishes and expansive windows, allowing residents to bask in breathtaking views of the creek and the iconic Dubai skyline, including the world-renowned Burj Khalifa. The architectural style of the development emphasizes sleek lines and contemporary aesthetics, ensuring that it stands out while seamlessly blending with its surroundings.

One of the defining characteristics of Creek Palace is its commitment to delivering a lifestyle that is both luxurious and sustainable. The development is built with a focus on environmental consciousness, incorporating energy-efficient systems and sustainable materials. The sprawling landscape features lush greenery, walking paths, and water elements, creating a tranquil environment that promotes well-being.

Creek Palace is not merely a residential development; it is a well-rounded community offering a plethora of amenities. Residents can enjoy access to a state-of-the-art fitness center, a serene infinity pool, children's play areas, and dedicated BBQ pits for those who enjoy outdoor gatherings. The community also boasts a range of dining and retail options, ensuring that residents have everything they need within arm’s reach.

Adding to the appeal of Creek Palace is its strategic location. Dubai Creek Harbour is set to be one of the most sought-after districts in Dubai. It promises excellent connectivity with key areas of the city, including Downtown Dubai, Dubai International Airport, and pivotal business hubs, all accessible via a comprehensive network of roads and public transport options.

The area surrounding the Creek Palace is poised to become an epicenter of activity with the upcoming developments such as Creek Beach, an urban beach with white sands and vibrant boardwalks, and the Dubai Creek Tower, which is anticipated to surpass the Burj Khalifa in height. This makes investing in Creek Palace not only a choice for luxurious living but also a promising investment opportunity.

Creek Palace combines an unbeatable location, premium amenities, and a lifestyle that embraces both luxury and ecological mindfulness, making it a distinguished and coveted address in the heart of Dubai Creek Harbour.

Q&A on Creek Palace

What are the advantages of 'Creek Palace' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'Creek Palace' Project in Dubai Creek Harbour:

1. Prime Location: Situated in Dubai Creek Harbour, offering spectacular views of the Creek Tower and waterfront.
2. Luxurious Living: High-quality finishing and design inspired by contemporary aesthetics and luxurious amenities.
3. Proximity to Attractions: Close to major Dubai landmarks, including the Ras Al Khor Wildlife Sanctuary, Dubai Creek Tower, and retail and dining destinations.
4. Investment Potential: High demand for property in the area, leading to potential appreciation in property value and attractive rental yields.
5. Amenities: World-class facilities including swimming pools, gyms, children's play areas, and dedicated leisure spaces.
6. Connectivity: Easy access to major highways and public transportation, facilitating seamless travel across Dubai.
7. Community Living: Part of a master-planned community with green spaces, parks, and promenades enhancing livability.

Disadvantages of 'Creek Palace' Project in Dubai Creek Harbour:

1. Price Point: Higher cost of property compared to other areas in Dubai due to its premium location and high-end amenities.
2. Construction Activity: Ongoing development in the Dubai Creek Harbour area might lead to temporary inconveniences such as noise and dust.
3. Traffic: Potential for increased traffic congestion as the area continues to develop and more residents move in.
4. Market Volatility: Real estate markets can be unpredictable, and economic fluctuations can impact property values and rental yields.
5. HOA Fees: Higher homeowners association fees due to the extensive range of amenities and services provided.
6. Limited Immediate Infrastructure: As a developing area, some retail, dining, and leisure facilities may still be in progress, possibly leading to initial inconvenience for early residents.
7. Resale Market: Initial owners might face a competitive resale market if numerous developments launch simultaneously in the area.

What projects are better than 'Creek Palace' project in Dubai which are located close by, and why?

1. Address Harbour Point:
- Luxury and Service: Managed by Address Hotels + Resorts, it offers a high standard of living with hotel-like services.
- Location: Directly on the canal, closer to the Creek Marina, providing exceptional waterfront views and easy marina access.
- Amenities: Higher-end amenities including infinity swimming pools, signature dining options, and luxury retail outlets.

2. The Grand:
- Height and Views: One of the tallest buildings in Dubai Creek Harbour, providing panoramic views of the creek, marina, and Dubai skyline.
- Modern Design: Sleek, contemporary architecture with extensive use of glass, maximizing natural light and views.
- Sports Facilities: Superior sports and wellness facilities, including tennis courts, a multi-purpose sports area, and a state-of-the-art fitness center.

3. Palace Residences:
- Hospitality: Operates in collaboration with Address Hotels + Resorts, offering 5-star hotel services to residents.
- Access: Closer proximity to the Creek Beach, allowing a unique beachfront lifestyle in an urban environment.
- Design Aesthetic: Fusion of modern design and traditional Middle Eastern architecture, providing a blend of luxury and cultural heritage.

4. Creek Gate:
- Accessibility: Direct access to Creek Marina Promenade, allowing for easy commuting and recreational activities along the waterfront.
- Community: Family-friendly environment with parks, children’s play areas, and community centers.
- Affordability: Offers a balance of luxury and affordability, making it a popular choice for many buyers and investors.

5. Harbour Views:
- Twin Towers: Iconic twin-tower design that stands as one of the focal points in Dubai Creek Harbour’s skyline.
- Green Spaces: Proximity to Ras Al Khor Wildlife Sanctuary and large green spaces ideal for nature lovers.
- Spacious Units: Larger apartment sizes compared to other projects in the area, providing more spacious living spaces.

Each of these projects has its unique advantages in terms of location, views, amenities, and design, making them strong contenders in the Dubai Creek Harbour area.

What are the closest schools to 'Creek Palace' project in Dubai?

Swiss International Scientific School Dubai - Healthcare City Phase 2, Al Jaddaf
Deira International School - Dubai Festival City
Universal American School - Dubai Festival City
Dubai English Speaking School - Oud Metha Road, Near St. Mary's Church
Cambridge International School - Al Garhoud
Repton School Dubai - Nad Al Sheba 3

What are the closest medical clinics to 'Creek Palace' project in Dubai?

1. Aster Clinic
- Location: Dubai Festival City, 2nd Floor, Festival City Mall, Crescent Drive

2. Mediclinic Dubai Mall
- Location: Downtown Dubai, Financial Center Road, The Dubai Mall, Level 7

3. Mediclinic City Hospital
- Location: Dubai Healthcare City, Building 37, Oud Metha Road

4. Al Garhoud Private Hospital
- Location: Al Garhoud, 13th Street, Garhoud Road

5. Prime Hospital
- Location: Casablanca Street, Al Garhoud, near Dubai International Airport

6. Emirates Specialty Hospital
- Location: Dubai Healthcare City, Building 16

7. Nadd Al Hammar Health Center
- Location: Nad Al Hammar, Oud Metha Road

8. Medcare Hospital
- Location: Al Safa, Sheikh Zayed Road near Noor Bank Metro Station

9. Latifa Hospital for Women and Children
- Location: Oud Metha Road, opposite Wafi Mall