Welcome to the final piece in a 7-part series on the investment opportunities found in Dubai. In each part of the series we will focus on a separate area of the emirate, highlighting the potential and attractive qualities that attract investors, tourists and expats.
The seventh and final area in our series is Emirates Hills, a luxurious and private complex that attracts golfers, expats and tourists alike. Though not a traditional investor favourite, we look at whether Emirates Hills offers investors an equally exclusive opportunity to rival Dubai Marina.
Emirates Hills is an exclusive gated community, so-named to emulate the glamour and prestige of Beverly Hills, California. The development was created with beauty and well-being in mind, and within it you can find Colin Montgomerie’s 18-hole Championship Golf Course amidst sizeable villas, unique landscaping and welcoming neighbourhoods.
Unlike the built-up and ‘happening’ Dubai destinations, Emirates Hills appeals to those looking for a lifestyle with a slower pace, and offers a suburban tranquillity that’s hard to find elsewhere in the emirate. More calming than commercial, Emirates Hills offers ready-built villas or plots of land for the more architecturally adventurous.
Great for: Holiday lets, families, expats
Attractions: gardens, open green space, luxury suburban living
Proximity to metro station: N/A
Average one-bedroom apartment sale price: AED 88,650
Average one-bedroom apartment rental price: AED 1,130,000
Best property type to buy: 3-bedroom villas or larger will always be in demand in the Hills, as they can accommodate families
Emirates Hills is a planned community made up of several sub-developments; The Springs, The Lakes, The Meadows, The Views and the Greens. Each sub-development consists of different property types, with the Greens offering modern low-rise residential apartments, the Views offering mid-rise and high-rise apartment buildings, and the other sub-developments all villas.
Attracting a large expatriate community, Emirates Hills consists of the first freehold properties sold in the whole emirate. Land was, and can be, sold per square foot so buyers have license to design their ideal property, a unique selling point in Dubai.
Though it may not be quite as renowned as other Dubai districts, or even its namesake in the USA, Emirates Hills commands property transactions that can compete with the aforementioned. In 2015, value transacted for property in Emirates Hills was second only to Palm Jumeirah, and boasted the highest average transaction per villa, coming in at AED 34.49 million.
Though Emirates Hills has limited access to Dubai’s Metro system, the development is a short 15-minute drive from Dubai Marina and the entertainment available there, including Dubai Marina Mall. For those who work in Dubai Internet or Media City, the commute is particularly pleasant. Though there are no malls within the Emirates Hills development, Dubai Marina Mall, Ibn Battuta Mall and the Mall of the Emirates are all within driving distance.
However, shopping isn’t what the development prides itself on. Home to not one but two golf clubs, the Montgomerie and the Emirates Golf Club, Emirates Hills is a must-visit destination for all golfers, be it amateur or professional. Facilities at the Montgomerie clubhouse include a 5-star hotel, four restaurants, a spa, a fitness centre and more. The Majils 18-hole course, found within the Emirates Golf Club, was the first grass course in the Middle East when it opened in 1988.
With Emirates Hills offering a multitude of property types to appeal to every market demographic, it remains an in-demand area for both sales and renting. The development, along with Palm Jumeirah, Dubai Marina and Downtown, weathered the 2008 downturn the fairest due to the quality of prime properties Emirates Hills is home to.