Apartment for Sale in Business Bay by Ellington

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Off Plan

1 Bed Apartment for Sale in Business Bay – The Crestmark by Ellington

developer logoEllington
Business Bay
Apartment
0% Completed

About Property

Discover luxurious living at The Crestmark, a stunning 1-bedroom apartment located in the vibrant Business Bay, Dubai. This exquisite property, developed by Ellington, offers a perfect blend of modern design and unparalleled convenience. Spanning 1,049.91 sq. ft., this residence features an open-plan layout with premium finishes, creating a stylish and contemporary living space. The apartment includes one elegantly designed bathroom, a spacious living area, and a fully equipped kitchen with high-end appliances, perfect for culinary enthusiasts. Residents of The Crestmark enjoy access to a wealth of exclusive amenities, including infinity-edge pools, state-of-the-art fitness centers, and serene wellness facilities, promoting a balanced and luxurious lifestyle. The pet-friendly community is complemented by dedicated covered parking, ensuring both convenience and security. The Crestmark's prime location in Business Bay offers seamless connectivity to Dubai Canal, Downtown Dubai, and major attractions, making it an ideal choice for those seeking a dynamic urban lifestyle. This property is not just a home; it's a smart investment opportunity in Dubai's thriving real estate market. The Crestmark combines luxurious living with strong ROI potential, making it an attractive option for both end-users and investors. Enjoy the benefits of abundant natural light, scenic views, and a smart home automation system for ultimate comfort and control. With built-in wardrobes, a private balcony, and access to recreational areas, this apartment provides everything you need for a sophisticated and comfortable living experience. The Crestmark offers a unique opportunity to experience the best of Dubai living.

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Location

Business Bay

Expected ROI

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Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
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