Thursday, April 25, 2019 10:26 AM

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Emaar sells 1-bedroom homes for Dh664,888 at Dubai Hills Estate

Emaar Properties has brought down the prices of one-bedroom hall apartments to Dh664,888 at the Dubai Hills Estate, as looming oversupply is pushing the prices of freehold homes to rock-bottom.


Following the sell-out customer response to Collective, the first co-living community in Dubai Hills Estate, the serene, lush lifestyle destination located only 15 minutes from Downtown Dubai and City Walk, Emaar has unveiled its second phase - Collective 2.0.


“Enabling customers to stop renting and start owning, the Collective 2.0 homes start at Dh664,888 for a one-bedroom with an innovative monthly payment plan with significant demand expected for the trend-setting residences. A contemporary social hub, Collective 2.0 homes are ideal for millennials, young professionals and entrepreneurs seeking an all-inclusive ’work-live-play’ environment,” the developer said in a statement.


“Collective 2.0 builds on the huge success of the fast-selling phase with a more prime address. In addition to having the perfect location for a chic urban lifestyle within Dubai Hills Estate’s masterplan, Collective 2.0 is nestled alongside Rove Hotel and Business Park, which increases the property value. Proximity to the Dubai Hills Golf Club adds even more desirability to the investment asset, as studies by KPMG and American National Association of Realtors state that golf course proximity can boost property value by as much as 20 per cent.

“Collective 2.0 offer a rich choice of amenities for residents with the Dubai Hills Boulevard, featuring trendy retail outlets; the Dubai Hills Park, serving as a serene retreat; and the Dubai Hills Mall, with over 650 retail and F&B outlets, in walking distance. They also have effortless connectivity with the city with easy access to Al Khail Road and a nearby Metro station.”


Promoting a new concept of openness and sustainable living, Collective 2.0 is designed to meet the lifestyle aspirations of the young and fashionable. The apartments in one and two-bedrooms are overlooking the Dubai Hills Boulevard and a few residences opening to direct views of the iconic Burj Khalifa and Downtown Dubai.


Residents at Collective 2.0 can enjoy the ground floor as their lounge, with an informal concierge service. Designed for people to meet, interact and grow, the co-living community also boasts work spaces, relaxation areas and an entertainment zone. Collective 2.0 has several high-end lifestyle amenities too, such as open courtyards, barbeque areas, two swimming pools, a mini theatre and library.