City Walk is a bustling area right next to the heart of the city, Downtown Dubai. With Downtown Dubai and the main Sheikh Zayed Highway to one side and the Jumeirah Beach, Jumeirah Beach Road on the other, the area is full of thriving dining outlets, coffee shops and retail stores. The area towards Jumeirah has standalone villas while the City Walk area itself offer distinctly sophisticated and modern residential apartment’s right in the middle of the area.
The range of apartments is large, with stunning studios to larger 3 bedroom apartments that are furnished beautifully and come with a fantastic plethora of facilities and amenities to offer and ensure an uncompromised luxurious urban living experience right in the heart of the city.
While the residential homes in the area are a great choice for investors and end users alike, a new development has come into focus for more seasoned investors.
Rove City Walk is developed by the famous Emaar Property Group and will offer luxury serviced hotel apartments to the area. This is expected to be a flourishing investment choice, offering almost 8% return to investors! The project is due to reach completion by September 2021 and will a great addition to the City Walk area.
Facilities within the property are very lucrative from no utility charges to no kitchen charges either! The serviced apartments have kept all possible needs of their guests in mind and promise to provide complete ease and a greatly comfortable stay. Besides this, the location is super attractive on its own with popular dining locations within walking distance from the Rove as well as the Dubai Mall, Downtown Dubai, BoxPark, Jumeirah and several other spots just a short drive away- even the beach!
The hotel/residence will also enjoy easy accessibility to other parts of Dubai due to the great connectivity and road network that serves the City Walk area. All major road networks and main highways are barely a minute away from you, with a flood of taxis available to take you wherever you want. Transportation and getting to places is no issue here at all! There are also metro stations close by, the closest ones being Dubai Financial Center Station, Emirates Towers, Burj Khalifa/Dubai Mall allowing you convenience access by metro too!
This is a great investment option for investors since the business for such properties is thriving and extremely popular amongst travellers looking to stay comfortably and not have to be limited to a simple hotel room. With a return rate of 8%, investors will be pleased to consider this as well as the fact that this location is always busy- as well as popular. This therefore gurantees that hotels and serviced apartments will always be in great demand, especially during the summer months when tourism is at peak levels in Dubai. This is a safe, profitable investment and bound to consistently provide financial gains.
The price starts at AED 733,000+, with apartments on the first ten floors currently for sale, each with 34 units. The apartments are designed down to the smallest detail, especially since Rove has an image to maintain in their roots within the hospitality sector. The units will exude elegance and luxury, complete with Middle Eastern design aesthetics to further complement the vibe of the development. Aesthetics of City Walk and The Rove are bound to be super pleasing.
The payment plan is structured as this- you can pay 10% at the time of booking, 30% over the duration of construction and the remaining 60% once you get the keys to your property. This is flexible enough for investors and allows you to keep up with the construction progress as well and play your 30% as per your convenience. Keeping the potential of this project in mind, one should waste minimal time in making a decision to acquire a property within this development! This has the potential to sell like hotcakes, especially since the city walk area is already very popular with its rising residential options entering in the market and selling quick- also popular among those looking to rent and stay in the long term!
For further details, you can register your interest with an agent at Texture and plan your investment further with us!