Get your dream home within a luxury residential community in Dubai Hills Estate
The project has been developed by Emaar Properties and was launched in the third quarter of 2022. Property buyers can choose from a select range of sophisticated apartments, ranging from one-bedroom to three-bedroom units, as well as full-floor units.
The apartment sizes range from 675 to 1,777 square feet, and the designs feature a balcony or two balconies overlooking lush green spaces. The full-floor apartment sizes range from 19,886 to 20,053 square feet.
Residents enjoy full access to a wide range of amenities, including:
– Yoga area
– Sun terraces
– Outdoor children’s play area
– BBQ facilities and outdoor dining areas
– Outdoor fitness area
– Gymnasium
– Community swimming pool
– Children’s swimming pool
Project Details:
– Number of buildings: 2
– Number of floors: 19
– Service Space: 50%
– Includes swimming pool, children’s play areas, green spaces and golf course
– Prices start from AED 1,210,000
– Spaces start from 675 sq. ft.
– Project Type: Residential
– Project Status: Under Construction
– Delivery time: 2026
– Payment plan: 10% down payment and 90% divided into 8 installments
Project Prices:
Prices for one-bedroom apartments start from AED 1.21 million (USD 329,000), while prices for full-floor apartments start from AED 35 million (USD 9.5 million).
Payment Plan:
– 10% down payment
– 10% in October 2022
– 10% in April 2023
– 10% in October 2023
– 10% in February 2024
– 10% in August 2024
– 10% in February 2025
– 10% in July 2025
– 20% upon completion in April 2026
Location:
Hills Park is strategically located near Al Khail Road, providing easy access to other parts of the emirate. Several desirable destinations such as Dubai Marina, Dubai International Airport, and Dubai Creek Harbour can be reached within a 25-minute drive from the complex. Current residents of Hills Park are advised to use private transportation to navigate throughout the city due to limited access to public transportation.
The project is situated near Emaar’s Layan Gardens, which offers beautifully designed apartments ranging from one-bedroom to three-bedroom units and duplex townhouses with two bedrooms. Residents have a wide selection of nearby schools, nurseries, and medical centers, all within a 10-minute drive from the residences. These facilities include Kings College Hospital, Aster 165 Pharmacy, James Wellington Academy, James International School, James Millennium School, and Kings’ School Al Barsha.
Hills Park is also located near Dubai Hills Park, the tallest park in any residential community in the emirate. The park provides a variety of family-friendly recreational activities, including a running track, basketball court, dog park, volleyball court, and much more. Residents can also benefit from ticket discounts and equipment rentals through Emaar Entertainment.
Dubai Hills Mall is a short drive away from the apartments, offering over 650 stores and dining outlets, as well as the world’s fastest indoor roller coaster, Storm Coaster. Golf enthusiasts will be delighted to know that Hills Park provides quick access to Dubai Hills Golf Club, a championship golf course with 18 holes and 72 pars, managed by Tron Golf Academy.
Economic Advantage:
Hills Park is scheduled for completion in the second quarter of 2026. Interested buyers have the opportunity to acquire properties at a lower price during the construction and planning stages, as it will be less than the prices during the final stages or upon completion. Emaar Properties also offers an exclusive offer of a 2% discount on a deal worth no less than AED 15 million (USD 4 million).
As mentioned earlier, Hills Park offers full-floor units, allowing owners to customize the space to suit their personal needs. Buyers can also purchase a property for personal use and rent out the remaining units with the assistance of property management services, which can generate significant ongoing income. Alternatively, another option is to reconfigure the entire floor or half of it to create spacious penthouses with maximum privacy.
The return on investment for a one-bedroom apartment in Dubai Hills Estate is 6% according to “Property Finder,” starting from the third quarter of 2022. Annual rental prices start from AED 50,000 (USD 13,600), but due to local infrastructure development, property values and rental yields are expected to increase in the coming years.
Upon the completion of Hills Park, property owners become eligible for a three-year investor visa upon purchasing a residential unit worth no less than AED 750,000 (USD 205,000). Another lucrative option is to invest in a property worth at least AED 2 million (USD 545,000) while still under construction, which grants owners eligibility for a 10-year golden visa. Golden visa holders residing in the UAE can bring their families to the country, benefit from health insurance, open a bank account, obtain a driver’s license, and more.
Overview
- Updated On:
- July 24, 2023