Lincoln Park (Sheffield) in Arjan - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lincoln Park (Sheffield)

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	46	10,433	480,000

Rents in Lincoln Park (Sheffield)

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	46	978	45,000
2	116	690	80,000

The cap rate (rental yield) of investments into Lincoln Park (Sheffield) project is 7.8% on average.

The price of an apartment in Lincoln Park (Sheffield) is 10,433 AED/sqm on average.

The long term rent of an apartment in Lincoln Park (Sheffield) is 817 AED/sqm/year on average.

Price for completed Studio apartment in Lincoln Park (Sheffield) is 480,000 AED or 10,433 AED/sqm.

Rent for Studio apartment in Lincoln Park (Sheffield) is 45,000 AED or 978 AED/sqm.
Rent for 2 bedroom apartment in Lincoln Park (Sheffield) is 80,000 AED or 690 AED/sqm.

About Lincoln Park (Sheffield)

'Lincoln Park (Sheffield)' in 'Arjan' area project description

Lincoln Park (Sheffield) - Project Overview

Lincoln Park (Sheffield) is a residential development by DAMAC Properties located in Arjan, Dubailand, on Dubai's west side. The project was completed in March 2020 and comprises part of the larger Lincoln Park development, which consists of five residential towers.

Architecture and Design

The development features Chicago-inspired architecture with distinctive design elements including ornamented front entrances, domed windows, flat roofs with parapet walls, and roof terraces. This architectural style combines classic design principles with modern comfort, creating a unique aesthetic within the Dubailand community.

Layout and Unit Types

Lincoln Park (Sheffield) is a seven-storey residential building offering studio apartments and multi-bedroom units. Studio units start from AED 410,000, with sales prices ranging from AED 560,000 to AED 1,000,000. Individual units feature spacious layouts, with studio apartments measuring approximately 524 square feet.

Amenities

The development provides comprehensive facilities including:
- Temperature-controlled swimming pool
- Gymnasium and fitness centre
- Ample parking spaces
- 24-hour security with CCTV monitoring and security guards
- Housekeeping services
- Outdoor dining areas and BBQ facilities
- Parks and leisure areas
- Yoga and meditation spaces
- Spa and sauna facilities
- Retail and dining options
- Supermarket facilities

Location and Accessibility

Situated in Arjan near Umm Suqeim Road and Sheikh Mohammed Bin Zayed Road (E311), the development offers convenient access to major highways including Hessa Street. The location is approximately 20-25 minutes from Downtown Dubai and Dubai Marina, and 18-24 minutes from Dubai International Airport. Nearby landmarks include Dubai Miracle Garden, Dubai Butterfly Garden, Motor City, and Dubai Hills Estate. The development provides private beach access for residents.

Nearby Projects

The area features several comparable residential developments including Vincitore Volare, Vincitore Benessere, Samana Greens, Samana Mykonos Signature, The Wings, ELANO by ORO24, Lincoln Park Northside, Building 88, and Jewelz Apartments by Danube.

Q&A on Lincoln Park (Sheffield)

What are the advantages of 'Lincoln Park (Sheffield)' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'Lincoln Park (Sheffield)' in Arjan:

1. Strategic Location: Arjan is known for its proximity to major roads like Sheikh Mohammed Bin Zayed Road, providing easy access to various parts of Dubai.
2. Amenities: The project offers a range of amenities such as swimming pools, gymnasiums, and retail spaces, enhancing the living experience.
3. Investment Potential: Arjan is a growing area, and properties here are expected to appreciate in value, making it a good investment.
4. Design & Architecture: The project boasts a unique blend of contemporary and classic architecture, which adds aesthetic value to the property.
5. Nearby Attractions: Close to popular destinations like Miracle Garden and Dubai Butterfly Garden, providing recreational options.
6. Family-Friendly: The area is designed to be family-friendly with parks, schools, and healthcare facilities in close proximity.
7. Affordability: Compared to other high-end areas in Dubai, Arjan offers relatively affordable property prices without compromising on quality.

Disadvantages of 'Lincoln Park (Sheffield)' in Arjan:

1. Development Stage: Arjan is still under development, which can mean ongoing construction and disruption.
2. Public Transport: Limited public transport options might make commuting challenging for those without private vehicles.
3. Community Services: Although growing, the area may still lack certain community services and entertainment options compared to more established areas.
4. Cooling Charges: Properties in Dubai often come with high district cooling charges, and these can be a significant ongoing expense.
5. Market Competition: With numerous new projects in the pipeline, there's intense competition which might impact rental yields and resale value.
6. Noise Levels: Ongoing construction in the area may result in higher noise levels, which might affect the living experience.

Providing a balanced view of both benefits and downsides can help potential buyers make an informed decision regarding their investment in the Lincoln Park (Sheffield) project within the Arjan area.