17 Icon Bay is a 41-story skyscraper located in Dubai’s new Creek Island neighborhood, Dubai Creek Harbour, The Lagoons. The developer of the residential complex, the construction of which began in 2017, is Emaar Properties, a well-known company in the UAE.
The property collection at 17 Icon Bay includes 300 residential properties: these are 1, 2 and 3-bedroom apartments. Each residence features a balcony with panoramic windows and is sold with an already equipped bathroom, functional fitted kitchen and built-in closet. Since the construction of the complex is not yet completed, some properties are off-plan. The smallest one-bedroom residence at 17 Icon Bay is 70.4 sq.m (758 sq.ft), with unit prices starting from AED 900,000 (USD 228,000).
The Dubai Creek Harbour area, where 17 Icon Bay is located, is rapidly developing and becoming a focus for investors. Its convenient location on the canal provides residents with picturesque views, and soon the appearance of the world’s tallest skyscraper will attract a large number of tourists to the area. Returns on investments from residential real estate in Dubai Creek Harbour currently stands at about 4.35%. The average price at which 1-bedroom apartments are sold in 17 Icon Bay, is AED 1,000,000 (USD 253,000), and the value of the rent of this type of real estate in the area is about AED 60,000 (USD 15,000) a year.