Dubai Wharf is a multifunctional residential complex located on the waterfront along the banks of Dubai Creek in the Culture Village. It consists of four buildings, where you can buy apartments with 1, 2 and 3 bedrooms. In total in the complex there are about 600 residential and commercial properties. The development of the project belongs to Dubai Properties.
The buildings of Dubai Wharf are named after the ancient cities and regions that have had a significant historical impact on the culture of the Middle East – Magan, Rumelia, Petra and Babil.
Dubai Wharf offers studios and apartments ranging from 646 to 2,045 sq. ft (60-190 sq. m). Prices start from AED 937,000 (USD 255,000).
The infrastructure of the complex is designed so that the residents will not experience any inconvenience. This project includes a parking lot, restaurants and cafes, and stores. Other advantages include a gym, a swimming pool, a sauna and jacuzzi, and a children’s playground. The building has a barbecue area and a community garden.
There is 24-hour security and concierge service, high-speed elevators and centralized air conditioning for residents.
The current gross return on residential real estate investments in the Culture Village is 5.96%. The average rental price is USD 19,628 (AED 72,094) per year. Given the current value of apartments in Dubai Wharf, a property investment of this kind will pay for itself in 18-20 years.