Park Gate by Emaar Properties
Last Update: 2023-12-15 02:13:03
Park Gate is a premium residential development by the award-winning Emaar Properties in the coveted Dubai Hills Estate area. It comes as the final villa community in the neighborhood, providing you with a unique investment opportunity.
There are just 87 4-5 bedroom properties on offer. The average BUA is either 5,091 sq. ft or 5,366 sq. ft, and the plot area measures an average of either 5,091 sq. ft or 5,242 sq. ft, depending on the property chosen.
The residences comprise 3 floors and feature stunning sky lounges and garden rooftop terraces. Among other key features are a carport, a lift, a maid’s room, a utility room, and multiple balconies and family rooms.
Enveloped by luscious greenery, the Park Gate villas will boast minimalist architecture that blend with the stunning natural environment. The interiors will be designed in neutral colors with the use of natural textures.
When living in Park Gate, you will enjoy the following world-class amenities:
- Fitness facilities
- Swimming pools
- Children’s play areas
- Padel courts & table tennis
- Communal spaces
- BBQ areas
Property Information
- Location Dubai Hills Estate, Dubai, UAE
- Developer Emaar
- Status of Project In process
- Type of Project Villas
- Units 4-5BR
- Area from 5,091 sq. ft.
- Total Amount of Units 87
- Payment Plan 90/10
Property Prices
As of November 2023, the starting price for a property in Park Gate stands at AED 10.4M (USD 2.8M).
*The price is valid for 2023
Payment Plan
20% Down payment
10% 1st Instalment
10% 2nd Instalment
10% 3rd Instalment
10% 4th Instalment
10% 5th Instalment
10% 6th Instalment
10% 7th Instalment
10% Handover in Q4 2027
Location
Park Gate is nestled at the entrance of Dubai Hills Estate, providing direct access to Al Khail Road. As a result, within a maximum of 25 minutes, you can reach Business Bay, Dubai Marina and Dubai International Airport, among other destinations.
Occupants of Park Gate will benefit from the finest amenities at Dubai Hills Estate. These include Dubai Hills Park, the longest park in any residential community of the emirate, Dubai Hills Golf Club, with a gym, a swimming pool and an array of restaurants, and Dubai Hills Mall, with the world’s fastest vertical roller coaster.
Within about 15 minutes by car, these well-reputed academic facilities can be found:
- GEMS International School (from Pre-K to Grade 12 with the IB curriculum)
- GEMS New Millennium School (from Pre-K to Grade 12 with the CBSE curriculum)
- GEMS Wellington Academy – Al Khail (from Nursery to Grade 13 with the British National Curriculum)
Economic Appeal
Park Gate is scheduled for completion in Q4 2027. While it is off-plan, you can take advantage of a 90/10 payment plan. During construction, 70% is to be paid, and the final 10% is due upon project completion.
By investing in Park Gate, you will become eligible for a Golden visa. This residency is valid for 10 years and covers your spouse, children and domestic workers. You can renew it multiple times as long as you remain the property owner.
The average gross yield for 4-bedroom villas in Dubai Hills Estate has reached 4.1%, as of Q4 2023. The starting rental price is AED 240K (USD 65K) per year. These indicators will grow with the development of the area, ensuring excellent rental income should you decide to lease your property.
*The price is valid for 2023