Apartment in Dubai, UAE, 40 sq.m

Skyhills Residences is a premium complex from HRE Development and OCTA Properties in Dubai Science Park. Two buildings of 40 and 47 floors were designed by QHC Architects & Engineering and NGS Architects.

The complex features studios, 1-3 bedroom apartments and three-bedroom duplexes. For the convenience of residents, the residences are furnished. Property area – from 40 sq.m. m up to 124 sq. m. The residences will have a storage room, an office, a powder room and a dressing room.

Skyhills Residences offers a host of world-class amenities. Among them:

running track 352 m long;
beach pool with sun loungers - 720 sq. m;
lazy river pool - 320 sq.m. m;
sports pool - 160 sq.m. m;
beach volleyball court - 110 sq. m;
outdoor gym - 125 sq. m;
children's play area - 185 sq. m;
men's and women's gyms;
yoga area - 290 sq. m;
open terrace - 200 sq. m;
coworking space - 145 sq. m.
Skyhills Residences will also have unisex prayer halls, F&B outlets, specialty shops, a pharmacy, a supermarket, a hair salon, a beauty salon and a laundry service.

Location

Skyhills Residences is located next to Umm Suqeim St, making it easy for residents to get anywhere in Dubai. Dubai International Airport, Downtown Dubai and Dubai Marina are all a 30-minute drive away.

The surrounding area of Skyhills Residences has an excellent public transport network. The Dubai Science Park, Foremarke School 1 and Dubai Science Park, Foremarke School 1 bus stops are located near the complex.

Within walking distance of Skyline Residences there are many social infrastructure facilities, including:

Urologic Health Dubai;
Neuro Spinal Hospital - NSH;
Genesis Healthcare Center;
Repton School Al Barsha;
Dovecote Nursery;
Karmeh Grocery Store;
My City Center Al Barsha.

Economic attractiveness

The master builder is offering a 60/40 payment plan that includes a 20% down payment. You will need to pay 40% before completion of construction, which is scheduled for the fourth quarter of 2026, and the remaining 40% within three years after the project is completed.

Skyhills Residences are a lucrative option for generating rental income, with an ROI of 5.3% for one-bedroom apartments in Dubai Science Park. The minimum rental rate is AED 58 thousand (USD 16 thousand) per year as of the first quarter of 2024.

For investing in Skyhills Residences, you and your family will be eligible for a 2-year or 10-year visa. The latter additionally applies to domestic staff.