Among other defining features worth mentioning is the marble flooring across the total area of residences and marble walls in the kitchens and master bathrooms. The master bathrooms will have a rain shower and a bath installed and each bathroom will consist of stylish Bagno Design sanitary ware and vanity counters with double sinks. Furthermore, residents of The Sterling will have state-of-the-art Italian kitchens at their disposal, with quartz countertops and a breakfast bar. Kitchens will contain a Siemens gas cooktop and a gas oven, as well as integrated SMEG appliances, such as a dishwasher, a fridge/freezer and a kitchen hood.
Moreover, homeowners will be able to benefit from bespoke crafted, fitted wardrobes and walk-in closets with full-height mirrors and integrated lighting. At the same time, large terraces with glass balustrades will be accessible both from the living room and bedrooms, providing unparalleled views of the Dubai Water Canal. The master developer also plans to include a home automation system which will remotely control air conditioning, curtains, lighting, appliances, security and technology. Thus, residents will be able to adjust the features in their homes seamlessly with the help of cutting-edge sensors and switches connected to an intelligent and intuitive central hub. And of course, all properties will be fully pre-wired for high-speed internet and phone lines. Meanwhile, palatial penthouses will house ultra-refined private rooftop terraces which will not be available in any other unit types.
The initial cost for an exquisite 1-bedroom apartment in The Sterling is set at AED 1,382,000 (USD 380,000). If you are interested in properties in Business Bay, you can also take a look at The Pad tower, which is adjacent to The Sterling. Also developed by Omniyat, it offers an extensive range of ready to move in 1 and 2- bedroom apartments at the starting price of AED 850K (USD 232K).
Taking into account that Business Bay will become a centralized financial hub, along with Downtown Dubai, as per the 2040 Urban Master Plan, properties such as The Sterling will continue to gain in value. Moreover, this initiative is expected to create a spike in demand both for properties for sale and to rent. And of course, due to the strategic location of The Sterling on Dubai Water Canal, it will appeal to both tourists for a short-term rental and to entrepreneurs and business professionals seeking to manage or relocate their business in the thriving commercial area. As of Q4 2021, Business Bay generates ROI of 5.08%, while the minimum annual rental price in similar developments is AED 52K (USD 14K). Thus, you can acquire a residence here both for your own private use and to generate a long-term income.
Additionally, when buying a residence in The Sterling, you will benefit from exclusive membership, which provides many perks, including a range of bespoke services. And you will also become eligible for a 3-year investor visa, once the development is completed. The minimum investment sum to obtain this type of visa is set at AED 750K (USD 205K) and the visa can be renewed as many times as possible. In addition, it includes family sponsorship, which means you can relocate to the UAE with your children and spouse.
