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The Crestmark in Dubai
The Crestmark in Dubai, UAE is being developed in the Business Bay area. The project will consist of 189 premium residences, including studios, 1- to 3-bedroom apartments, and three 3- to 4-bedroom penthouses on the 21st floor. Off-plan projects in The Crestmark are expected to be ready for occupancy in Q2 2024. The Crestmark is located 8.5 kilometers from downtown Dubai.
The Crestmark in Business Bay
Amenities within the complex will include a children's club, a bowling alley, a game room with arcade games and a ski ball machine, a fitness center, open and covered areas for yoga, an infinity pool, a library, and a barbecue podium. Owners of studios and 1- and 2-bedroom apartments will have one parking space, while owners of 3-bedroom residences will have two parking spaces.
Properties in The Crestmark for investment will provide owners with a regular passive income stream. The return on investment (ROI) for studios in the Business Bay area, where The Crestmark is located, is 6%.
The average ROI for 1-bedroom apartments is approx. 5.8%. 2-bedroom residences provide owners with an ROI of approx. 5.1%.
Upon completion, real estate prices are expected to increase by up to 20%, making it advantageous to purchase apartments during the construction phase. Another advantage of The Crestmark is its proximity to all social amenities. For example, First Path Montessori, a child development center, is within 3 minutes of the community. The Hartland International School is also located in the neighborhood and can be reached within a 5–6 minute drive. JSS Private School LLC is a 10-minute drive away. Another option is Ecole Bilingue Française Internationale, which is a 15-minute drive for residents of The Crestmark. GEMS Our Own Indian School and Horizon English School Dubai are 7 and 10 minutes away, respectively. Haton Medical Center is a 4–5 minute drive. Amana Healthcare Hospital is a 6-minute drive. Community residents can reach Reacenter Dubai Clinic in approx. 12 minutes. Many of Dubai's landmarks and famous districts are within a few minutes' drive. For example, it takes 19-20 minutes to reach the Dubai Marina area, which is popular with both tourists and locals for its waterfront restaurants, cafes, upscale shops, and the opportunity to stroll along the promenade and admire the luxurious yachts. The Palm Jumeirah district is also just a 20-minute drive away. The iconic Burj Khalifa skyscraper in Downtown Dubai is just an 8-minute drive from the community. The Museum of the Future, another popular attraction, is 8 minutes away. The Burj Al Arab Hotel, a favorite among tourists arriving in the emirate, is a 17-minute drive away. The Dubai Mall shopping mall is just a 5-minute drive away.
Apartments in The Crestmark
Apartments for sale in The Crestmark will vary in size, ranging from 46 square meters to 567 square meters. For the convenience of residents, each unit will have 1–2 balconies and private laundry facilities. Residents of the community will enjoy panoramic views of Business Bay Marina and the Dubai Water Canal.
Penthouses in The Crestmark
The penthouses will be equipped with infinity pools or Jacuzzis and staff rooms. These residential units will also feature outdoor relaxation areas, offices, walk-in closets, and DJ stations.
The Crestmark prices from the developer: In 2023, the minimum cost of a studio apartment in this development will be AED 1.42 million (approx. $388,500). 1-bedroom apartments are priced from a minimum of AED 2.65 million (just over $722,800). 2-bedroom apartments are available for a minimum of AED 2.91 million (nearly $793,900). To become the owner of a 3-bedroom apartment, you can expect to pay a minimum of AED 4.63 million ($1.26 million).
The Crestmark by Ellington Properties
The development is being carried out by Ellington Properties, a developer that has been in operation since 2014. The organization's portfolio includes upscale residential properties such as penthouses, villas, studios, as well as 1- and 2-bedroom apartments, catering to lovers of luxury real estate.
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