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The Crescent, Media Zone, Dubai

Overseas Investments - Dubai property

The Crescent, Media Zone, Dubai
The Crescent, Media Zone, Dubai
The Crescent encompasses a plethora of residential and leisure amenities. It includes 848-luxury studio, one, and two bedroom apartments with stunning views over a large man-made lake. The project will also offer a wide range of restaurants, as well as ample parking space for residents, a swimming pool, tennis court, squash court, gymnasium, 24 hours security and maintenance.

It is the latest residential development in Dubai’s International Media Production Zone (IMPZ). The whole complex comprises of three 15-storey towers built around a semi-circular portico, surrounded by manicured lawns and picturesque vistas. The eclectic design of the buildings mirror contemporary turrets and the unique floor layouts of The Crescent towers feature apartments with breathtaking views of the surrounding landscape.

Each apartment at The Crescent will be built according to the highest specifications. The developers have worked very closely with leading New York based architectural firm, BM Design Group, and local consultant Al Gurg & Associates, to ensure that each apartment offers every modern amenity in a chic and homely setting.

Location
The Crescent will be located off Emirates Road inside IMPZ’s residential sector. The IMPZ is the first dedicated trade zone created in the region for media-related production activities, creating an eco-friendly environment and infrastructure that supports all sectors of the media and entertainment production industry especially publishing, printing, broadcast, film and music.

Investment Highlights

  • A three tower masterpiece surrounded by lush green gardens and blue waters
  • A range of Studios (45 Sq m), One beds (114 Sq m) and Two beds (126 Sq m) available
  • 3 years to completion to provide maximum capital uplift (Mid 2007) + 3 years rental guarantee
  • Mortgages available from leading UAE bank on all units - 65% finance for self employed and 70% for employed
  • 8% gross guaranteed rental return for 3 years after completion
  • Excellent buy – to – let opportunity for the future, especially to corporate workers - Corporate rent in Dubai is paid 6 or 12 months upfront
  • Possibility of dollar strengthening against the £ over the next few years thus increasing the value of investments made now
  • IMPZ is an offshoot of Dubai Media City (DMC) which has emerged as the regions media hub and houses several global media giants like CNN, Reuters and Sony
  • The Crescent will also be very close to Dubailand – a huge development consisting of 6 themed worlds employing over 300,000 workers, attracting 200,000 visitors a day
  • Residency visa on completion

Key facts

  • Completion Mid 2007
  • Unit types Studio, 1 and 2 bed apartments

   

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