Dubai Creek Harbour is unique. The area is a perfect example of human ambition. This area is extremely popular with foreign investors and residents. The high property prices in Dubai Creek Harbour and the idyllic terrain contribute to the high demand for real estate. Does the availability of housing options make it worth looking into? Why are expats drawn to this neighborhood? Find out more in this article.
Dubai Creek Harbour – expectation vs reality
It is hard to imagine how a neighborhood will look in real life from the images or videos that are available on the Internet. Developers will sometimes use photo editing software to make the property appear more attractive. If we are talking about Dubai, it is not necessary to use any additional tools. The architecture of the properties will capture your imagination. Dubai Creek Harbour does not make an exception.
The area offers a wide range of residential options. Six towers are located near Dubai Creek. The district is home to 550 hectares of residential, retail, and commercial developments. The housing is situated in the middle of the promenade but retains all of the features of premium class. Emaar Properties is the largest developer in the UAE. The developer has large assets and is known for completing the biggest projects in the area.
The following housing units are available for permanent or investment stay in the six towers of Dubai Creek Harbour:
- One-bedroom apartments.
- Apartments are available with one to four bedrooms.
- Penthouses. Penthouses are luxury properties located on the top floors of skyscrapers.
Why you should consider buying property in Dubai Creek Harbour
Real estate investing in Dubai’s neighborhoods is not an easy decision. Similarly, relocating to Dubai Creek Harbour as a permanent resident is also not an easy task. People are afraid of change, even if they have a strong desire or the budget to do so. Explore the reasons below to gain confidence in your decisions.
- Dubai’s real estate market is the most transparent.
- Developers are forced to renovate and improve the area due to the ongoing construction.
- Absence of tax on the purchase of real estate
- Dubai Creek Harbour is a prestigious and conveniently located neighborhood.
Let’s now take a closer examination of the arguments mentioned above.
Dubai’s real estate market is the most transparent
According to JLL’s Global Real Estate Transparency Index, Dubai’s Real Estate Market ranked as the leading global real estate market for 2022 in terms of transaction transparency. Dubai entered the Transparent Category for the first time, highlighting the fact that it is the most transparent market in MENA.
Construction in the area is forcing developers to renovate and improve it
The neighborhood is still being built, so it’s possible to purchase off-plan penthouses and apartments. The building stage also allows developers to look critically at the neighborhood, make minor changes, or imagine future projects.
Absence of tax on the purchase of real estate
The United Arab Emirates does not impose any income or property taxes. The UAE does not tax the owner of an immovable property located in Dubai or the income they receive from renting out the property. The future owner of the house will be required to pay additional taxes for official paperwork and procedures.
Dubai Creek Harbour, a prestigious and conveniently located neighborhood
Dubai Creek Harbor is a development that embodies the idea of mixed-use. The area is to be filled with a shopping mall that will have more than 800 shops of different brands. This will not only attract investors, but also tourists. In addition to the stores, there will also be several cafes and restaurants where you can enjoy high-quality cuisine.
DCH is situated near the Ras al Khor Nature Reserve also known as Flamingo Park. This is an oasis of natural beauty in the “stone jungle” that is rapidly growing within the Emirate. This park is one of the most protected urban areas in the world.
Real Estate Agency in Dubai Creek Harbour
If you have professional assistance, buying high-end real estate overseas is not difficult. Ax Capital is a real estate agency with a lot of experience in Dubai and the UAE. Visit the site, change the settings, and dive into the sea of lucrative properties in Dubai Creek Harbour. Don’t delay your search. Take the first step to your dream house today.
