Creek Rise — project image
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Creek Rise

From AED 1.70M·Completed Apr 2020·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 1.70M
Starting Price
Apr 2020
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
1 BR · Apartments
Type

Project Overview

Creek Rise is two beautifully designed residential towers of 36 and 46 storeys, presented by developer Emaar. The development offers a wide range of one to three bedroom apartments in a sophisticated style, featuring spacious modern living spaces with stunning views of the modern metropolis. They offer mesmerizing views of Dubai Creek Harbour and the parklands below. The elegant residences are furnished with carefully selected furniture and finishes. Creek Rise features a cafe, gymnasium, park, restaurants, adult and children's pools, playground, and barbecue areas. There is also a covered parking lot for residents' cars and a separate one for guests, 24-hour security. The complex provides concierge services and is happy to accommodate pets. Located at the north end of Creek Island, the complex has direct access to the island's circular boulevard. The project is just a short walk from Creek Marina, a 5-star luxury marina, and with its transport interchange at Ras Al Khor Road and easy access to Dubai's major roads, Downtown Dubai and Dubai International Airport are only 10-15 minutes away.

Project Specifications
DeveloperEmaar Properties
LocationDubai Creek Harbour
Unit Types1 BR, Apartments
AreaDubai Creek Harbour
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 73,355 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,255
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 782,000 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Emaar Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Private beach access
Private pool
Retail outlets
Shared Pool
Shared gym & fitness

Location

Dubai Creek Harbour

Nearby Destinations

Dubai Creek Harbour

Developer and Project Facts

01

Creek Rise by Emaar Properties

02

Located in Dubai Creek Harbour

03

Starting from AED 1,700,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Apr 2020

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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