Apartment in Dubai, UAE, 69 sq.m

The premium residential complex The Crestmark from Ellington Properties will be located in Business Bay. The project's real estate consists of 189 premium residences equipped with a home automation system. Among them are studios, apartments with 1-3 bedrooms and only three penthouses with 3-4 bedrooms on the 21st floor. Residents of The Crestmark will enjoy stunning views of the Dubai Water Canal and Business Bay Marina.

The complex will have both compact residences with an area of 46 sq. m, and spacious - up to 567 sq. m. For the convenience of residents, there are 1-2 balconies, a laundry room and a toilet room.

Exclusive penthouses will have an infinity pool or outdoor Jacuzzi, demonstration kitchens and cooking areas, and a staff room. There will also be outdoor seating areas, an office, dressing rooms in the bedrooms, a DJ table, etc.

Amenities located at The Crestmark include:

outdoor children's play area;
club room;
fitness studio and treadmill;
game room with mini-bowling, skee-ball, slot machines;
Children's swimming pool;
infinity pool;
library;
kinetic garden;
barbecue area;
indoor and outdoor areas for yoga classes.
Owners of studios and apartments with 1-2 bedrooms will be allocated one parking space. For residences with three bedrooms - two parking spaces.

Location

The Crestmark will be located along the Dubai Water Canal, next to Marasi Dr. Thanks to this, residents of the complex will be able to quickly get to anywhere in the emirate. For example, Dubai International Airport, Za'abeel and DIFC are approximately 15 minutes away by car. You can use public transport - there are two bus stations near the complex: Canal Views Apartments 1 and Canal Views Apartments 2.

There will be a developed social infrastructure on the territory of the complex and next to it. Grocery stores, kindergartens, medical institutions, banks, etc. can be reached within a few minutes. Among them:

Amana Healthcare;
Modern Vet Downtown;
View City Minimart;
Blossom Downtown Nursery Dubai;
Emirates NBD;
Carrefour Market.
Economic attractiveness

Completion of The Crestmark is scheduled for the first quarter of 2026. This is Ellington Properties' second project in Business Bay to be announced following the successful development of The Quayside. Real estate in the latter was sold out within a few hours after the launch of the project. This success demonstrates investor confidence in the high quality of Ellington Properties homes.

Properties at The Crestmark will be popular among professionals, businessmen and tourists. This is due to the fact that the complex is located in Downtown Dubai, where class A offices, Dubai Mall, The Dubai Fountain, Dubai Opera and other attractions are located.

As of the second quarter of 2023, the average gross return on investment for one-bedroom properties in Business Bay is 5.8%, according to Property Finder. The annual rental cost is AED 58 thousand (USD 16 thousand). This means that you can receive a good income from renting out your residence and quickly recoup your investment.

Investing in real estate at The Crestmark will qualify you for a visa. When purchasing a residence for at least AED 750 thousand (USD 204 thousand), you can get a 2-year one, and when investing from AED 2 million (USD 545 thousand) - a 10-year one. Holders of long-term visas can bring their spouse and children with them.