About The Acquisition Deal of Dubai Creek Harbor

Overview:

Dubai Creek Harbor is a real estate development located in Dubai, United Arab Emirates. The project is a joint venture between Emaar Properties, one of the largest real estate developers in the UAE, and Dubai Holding, a global investment company. The acquisition deal for Dubai Creek Harbor involves the sale of a 20% stake in the development to Abu Dhabi-based Mubadala Investment Company. The deal, which was announced in March 2021, is valued at AED 2.7 billion (approximately USD 734 million). As part of the transaction, Mubadala will become a shareholder in the Dubai Creek Harbor Development Company, which oversees the development of the project.

Dubai Creek Harbor is a massive development that covers an area of 6 square kilometers and is located on the banks of Dubai Creek. The development will feature residential units, commercial spaces, hotels, and retail outlets, as well as cultural and entertainment amenities. The centerpiece of the development is the Dubai Creek Tower, which is set to become the tallest tower in the world when it is completed. The acquisition deal is seen as a strategic move by Mubadala to diversify its investment portfolio and increase its exposure to the real estate market in the UAE. It also highlights the growing importance of the Dubai Creek Harbor development in the region’s real estate landscape.

Amenities:

The Dubai Creek Harbor development is set to offer a wide range of amenities for residents, visitors, and businesses. Some of the key amenities planned for the development include:

1. Dubai Creek Tower: The centerpiece of the development, Dubai Creek Tower, is set to become the tallest tower in the world. The tower will feature observation decks, restaurants, and other attractions.
2. Residential Units: The development will offer a range of residential options, including apartments, villas, and townhouses. The residential units will be designed to offer views of Dubai Creek, the skyline, and surrounding areas.
3. Commercial Spaces: The development will feature a variety of commercial spaces, including office buildings, retail outlets, and hospitality venues. The commercial spaces will be designed to cater to the needs of businesses, residents, and visitors.
4. Cultural and Entertainment Amenities: Dubai Creek Harbor will offer a range of cultural and entertainment amenities, including a performing arts center, museums, art galleries, and cinemas.
5. Parks and Open Spaces: The development will feature a network of parks and open spaces, including waterfront promenades, landscaped gardens, and public squares. The parks and open spaces will provide residents and visitors with a variety of recreational and leisure activities.

the Dubai Creek Harbor development is designed to offer a complete lifestyle destination that caters to the needs of a diverse range of people. The amenities planned for the development are aimed at creating a vibrant and dynamic community that combines modern urban living with a rich cultural and natural environment.

Floor Plan:

the floor plan may change over time. However, in general, the development is expected to include a range of residential, commercial, and hospitality units spread across 6 square kilometers of land. The residential units are likely to include apartments, villas, and townhouses of varying sizes and designs. The commercial spaces are expected to include office buildings and retail outlets, while the hospitality units are likely to include hotels and serviced apartments. The Dubai Creek Tower, which is the centerpiece of the development, is expected to include observation decks, restaurants, and other attractions. The development is also expected to feature a network of parks and open spaces, including waterfront promenades, landscaped gardens, and public squares.

Location:

Dubai Creek Harbor is located on the banks of the historic Dubai Creek, in the heart of Dubai, United Arab Emirates. The development is situated near Dubai International Airport and is easily accessible from the city’s major highways. The location is considered one of the most sought-after areas in Dubai, offering stunning views of the skyline, the creek, and the surrounding areas. The development is also close to some of Dubai’s most popular attractions, including the Dubai Mall, the Burj Khalifa, and the Dubai Opera. Overall, the location of Dubai Creek Harbor is highly desirable and is expected to attract a diverse range of residents, businesses, and visitors.

Master Plan:

Dubai Creek Harbor’s master plan is designed to create a world-class destination that combines modern urban living with a rich cultural and natural environment. The development covers an area of 6 square kilometers and is centered around the iconic Dubai Creek Tower, which is set to become the tallest tower in the world. The development will feature a range of residential units, commercial spaces, and hospitality venues, as well as cultural and entertainment amenities. The master plan is designed to create a vibrant and dynamic community that promotes sustainability, innovation, and creativity. The development will also feature a network of parks and open spaces, including waterfront promenades, landscaped gardens, and public squares. Overall, the master plan for Dubai Creek Harbor is aimed at creating a complete lifestyle destination that caters to the needs of a diverse range of people.

Payment Plan:

payment plans for real estate developments in Dubai often involve a deposit followed by a series of installments over the course of the construction period. The specific payment plan for Dubai Creek Harbor may vary depending on the type of unit being purchased and the terms of the agreement. It is recommended that interested buyers consult with the relevant parties, such as Emaar Properties or Dubai Holding, for more information on the payment plan for Dubai Creek Harbor.