Apartment in Dubai, UAE, 62 sq.m

Situated on Creek Beach in Dubai Creek Harbour, Lotus is a luxury waterfront development from top developer Emaar Properties. The construction of this cluster was launched in the 1st quarter of 2022 and consists of 4 buildings with a height of 6, 7, 10 and 11 floors. Potential property buyers can choose from a collection of luxury 1-3 bedroom apartments ranging from 62 to 209 sqm. m. Moreover, each property unit has a balcony or terrace with an area of ​​6-87 sq. m. m, overlooking the snow-white sandy beach.

Residents of the Lotus complex will be offered numerous recreational options, which include the following:

swimming pool;
amphitheater on the lawn;
children's play area;
parking;
yoga area;
concierge service;
restaurants and cafes.

In addition, property owners will have privileged access to a 7,533 meter long beach, infinity edge lagoon pool, wave pool, wave machine and relaxation area. There is also a playground with water slides and a play area where little ones can recharge their batteries for the day.

Location and transport accessibility

Lotus Residential Complex is located next to Ras Al Khor Road, making it easy to get around Dubai. For example, sought-after destinations such as Business Bay, Dubai Festival City and Dubai International Airport can be reached in just 15 minutes. It is also located next door to The Grove, which also offers a range of beachfront apartments for sale.

It should be noted that Dubai Creek Harbor is under construction, which means that public transport infrastructure has not yet been developed. However, once completed, the area will have 4 metro stations, 3 bridges connecting it to Creek Island, sea connections and an efficient road and bus network. As of Q2 2022, the nearest MRT station is Dubai Creek Harbor MRT Station, which is 20 minutes' walk away.

In close proximity to Lotus, residents of the complex will be able to make purchases at the Geant Express supermarket, or, if necessary, use the services of the Creek Pharmacy. A variety of F&B establishments are also within walking distance, including popular spots such as Mondoux, Gelato Divino Creek Harbour, Mondoux and Billionaire Yacht.

The nearest medical and academic institutions are within a 15-minute drive:

international school Deira International School;
American school Universal American School
Nadd Al Hammar Health Center;
medical fitness center Al Rashidiya Medical Fitness Center.
It will take the same amount of time to get to the Ras Al Khor Wildlife Sanctuary, which features wetlands that are home to fish, mammals, crustaceans and hundreds of pink flamingos. This sanctuary offers nature lovers the opportunity to watch birds in their natural habitat, nestled among salt marshes, mangroves and lagoons.

Economic attractiveness

Scheduled for completion in the 4th quarter of 2025, Lotus at Creek Beach offers favorable conditions for purchase not only as a private residence, but also as a commercial investment. According to Property Finder, Dubai Creek Harbor has an ROI of 5.6% as of Q2 2022, while the starting price for a 1-bedroom apartment in the area is AED 50,000 (USD 14,000). At the same time, after the completion of infrastructure in this area, the capital value of real estate will increase, and consequently, rental yield will increase.

In addition, upon handing over of the Lotus at Creek Beach property, property owners will be eligible for a 3-year investor visa. In this case, the initial cost of the property must be at least AED 750,000 (USD 205,000), and the visa can be extended several times. Among the many benefits of this visa is the opportunity to become sponsors for family members, which allows its holder to bring their spouse and children to the UAE.