Island Park 2
✓ Resale Available

Island Park 2

From AED 2.01M·Completed Apr 2025·Accepted payment methods: bank_check Payment
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AED 2.01M
Starting Price
Apr 2025
Handover
Accepted payment methods: bank_check
Payment Plan
1 BR · 2 BR
Type

Project Overview

Island Park 2 is a luxury second phase complex produced by Casabella Luxury Real Estate. This project from well-known developer Emaar Properties is located in the Creek Harbour. The premial 11-storey building features elegantly designed 1, 2 and 3 bedroom apartments. Surrounded by beautiful lush landscapes, with easy access to the vibrant boulevard and top-notch amenities, this project offers everything you need for a comfortable and relaxed lifestyle. Each of the apartments at Island Park 2 combines modern elements of first-class quality to form a luxurious living space. Perfect proportions, rich finishes, thoughtful functionality will make living in the complex cozy and comfortable. From the windows of the apartments there is a beautiful view of Dubai Creek Tower and Burj Khalifa. Residents of Island Park 2 always take advantage of the fitness room, outdoor pool, barbecue area, children's playground. The complex equipped by 24-hour security and video security systems. There are many green recreation areas, gardens and parks. The embankment, marina, yacht club, many restaurants and cafes, branded stores are also within walking distance. Good transport accessibility allows for quick access to key areas of Dubai. Dubai Mall is just 15 minutes away, Palm Jumeirah Island - in 25 minutes, Dubai International Airport and Al Maktoum Airport in 20 and 45 minutes respectively.

Project Specifications
DeveloperCasabella Luxury Real Estate
LocationDubai Creek Harbour
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaDubai Creek Harbour
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 86,622 / year
Cash-on-Cash
1.8%
Levered cashflow AED 20,376
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 130,485 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Island Park 2 launch basis2,231AED 2.01MCurrent launch / asking basis
Dubai Creek Harbour ready-stock comps1,800AED 1.62MIndicative resale benchmark
Dubai Creek Harbour premium peer launches2,200AED 1.98MNew-launch peer set
Trophy alternative proxy2,700AED 2.43MHigher-end anchor for negotiation context

Gallery

Island Park 2 — View 2
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Island Park 2 official render 1

Island Park 2 official render 1

Island Park 2 official render 2

Island Park 2 official render 2

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Island Park 2 official render 3

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Island Park 2 official render 4

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Island Park 2 official render 5

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Island Park 2 official render 6

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Island Park 2 official render 9

Island Park 2 official render 9

Island Park 2 official render 10

Island Park 2 official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Casabella Luxury Real Estate.

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Payment Structure

Accepted payment methods: bank_check

Flexible Payment

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Kids Play Area
Landscaped garden
Leisure areas
Lift
Retail outlets
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Social zone
Walking paths

Location

Dubai Creek Harbour

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Creek HarbourDubai Creek HarbourDubai, UAE

Developer Track Record

01

Island Park 2 by Casabella Luxury Real Estate

02

Located in Dubai Creek Harbour

03

Starting from AED 2,007,454

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Apr 2025

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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