11 Park Hills Property Development By TOWNX REAL ESTATE DEVELOPMENT

Last Updated on: 9th December 2024, 04:19 am

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The 11 Park Hills project, developed by TOWNX REAL ESTATE DEVELOPMENT, is an exclusive residential offering located in the heart of Dubai Science Park. This property development is designed to cater to discerning homeowners who seek a blend of luxury and modern conveniences in their living spaces. With various apartment types and a commitment to sustainable building practices, 11 Park Hills stands as a pinnacle of contemporary architecture. The development not only promises stylish homes but also serves as a significant investment opportunity in a booming urban environment, particularly for those interested in luxury homes.

Situated strategically, the project’s unique features include an average size for studios ranging from 480 to 490 sq. ft., while 1-bedroom apartments vary from 790 to 820 sq. ft., with starting prices set at AED 650,000 for studios and AED 950,000 for 1-bedroom units¹. Flexibility in payment is yet another attractive aspect, with a 60/40 plan requiring a minimum 20% deposit, followed by 40% during construction, and the remainder due upon completion¹. Additionally, the site is planned for completion in 2026, enhancing its allure for future residents and investors alike¹.

Key Takeaways

• 11 Park Hills is part of TOWNX REAL ESTATE DEVELOPMENT’s innovative projects.
• Strategically located in Dubai Science Park, it merges luxury and practicality.
• The property features a variety of unit sizes, ideal for diverse living needs.
• Investment options include flexible payment plans to suit buyers.
• 11 Park Hills sets the standard for contemporary living with its unique amenities.

Overview of 11 Park Hills

11 Park Hills Property Development represents a significant addition to the real estate development landscape in Dubai, particularly within the Dubai Science Park. This community offers discerning homeowners luxury homes that seamlessly combine convenience and modern living. The development features a prime location, supporting a lifestyle of sophistication.

Location and Community

Situated just 2.2 kilometers from the heart of Dubai Science Park, 11 Park Hills provides residents with exceptional connectivity to key areas across the city. Major roads are easily accessible, resulting in short travel times to local amenities and attractions. For instance, Gems World Academy can be reached in just 7 minutes, while Dubai Hills Mall is a mere 10-minute drive away. Al Sufouh Beach is accessible within 17 minutes, and the iconic Burj Khalifa is just 22 minutes away. Conveniently, Dubai International Airport is approximately a 25-minute drive from the development²³.

Architecture and Design

The architecture and design of 11 Park Hills prioritize elegance and functionality, featuring 18 floors that house a total of 558 residential units. Both studio and one-bedroom apartments are available, ranging from 480 to 820 sq. ft. These luxury homes are designed to maximize space and provide residents with a modern living experience⁴³.

Unit Types and Sizes

11 Park Hills offers diverse unit types to cater to various lifestyles, including studios starting from AED 650,000 and one-bedroom apartments commencing at AED 950,000⁴. The apartment sizes allow for comfortable living, with studios spanning 480 to 490 sq. ft. and one-bedroom options ranging from 790 to 820 sq. ft. Kitchen appliances are provided, making it easier for residents to settle into their new homes³.

Investment Potential of 11 Park Hills

The 11 Park Hills project by TownX Development represents an excellent opportunity for property investment in Dubai, particularly due to its strategic pricing and innovative payment plans.

Starting Prices and Payment Plans

The pricing for units at 11 Park Hills is competitive, with studios starting from AED 650,000 (approximately $177,000) and one-bedroom apartments priced from AED 950,000 (around $245,000)⁵. This valuation positions 11 Park Hills favorably within the Dubai market, attracting a diverse array of investors seeking residential properties. In terms of financing, the development features a flexible 60/40 payment plan: 20% is required upfront as a down payment, followed by 40% payable throughout construction, and the remaining 40% due upon handover in Q3 of 2026⁶.

Return on Investment (ROI)

Investors can expect promising returns, as the forecasted rental yields in Dubai Science Park range from 5% to 6%⁵. This potential ROI, alongside the accessible flexible payment plans, not only makes 11 Park Hills a desirable choice but also enhances its appeal to both local and international buyers. As the project continues to develop, interest in this area is expected to increase, paving the way for solid rental demand and appreciation of property value.

Amenities and Lifestyle at 11 Park Hills

Living at 11 Park Hills means embracing a lifestyle filled with exceptional urban development and luxurious amenities. This property is thoughtfully designed to cater to the needs of modern residents, providing an array of features that promote comfort and leisure.

On-Site Amenities

The development boasts an impressive selection of on-site amenities aimed at enhancing the quality of life for its residents. Key features include:

• Swimming pool for relaxation and leisure
• Fully-equipped fitness centers to maintain an active lifestyle
• Dedicated children’s play areas for safe outdoor fun
• Outdoor BBQ areas perfect for social gatherings
• 24/7 security providing peace of mind
• Convenient dedicated parking facilities

Connectivity and Nearby Attractions

11 Park Hills enjoys a strategic location with easy access to various attractions. It is just 2.2 kilometers from Dubai Science Park and only 19.6 kilometers from the vibrant heart of Downtown Dubai. For travelers, Dubai International Airport is conveniently located 29.2 kilometers away, ensuring connectivity to any destination. The development is a gateway to an endless list of activities and attractions, making it a desirable choice for those seeking a dynamic urban lifestyle.

Community Features

In addition to its luxurious amenities, 11 Park Hills emphasizes community features that foster connections among residents. From organized community events to landscaped gardens and recreational areas, the development encourages social interactions. This blend of urban living with community spirit enhances the overall appeal of 11 Park Hills, truly embodying the essence of modern living in Dubai offering a balance of tranquility and vibrant. Whether you are a professional or a family, living here ensures an enriching and fulfilling experience⁷⁸.

Conclusion

11 Park Hills by TownX Real Estate Development represents an exceptional opportunity for those exploring property investment in Dubai. With its strategic location in Dubai Science Park, the development is designed with stunning architectural elements and offers a variety of luxurious unit options that cater to diverse lifestyles.

Not only does 11 Park Hills feature exquisite luxury homes, but it also provides a range of exceptional amenities that enhance the resident experience. Competitive pricing combined with solid ROI potential positions this development as a key player in Dubai’s vibrant real estate market, attracting both discerning homeowners and savvy investors alike.

In conclusion, investing in 11 Park Hills is more than just a financial decision; it is an opportunity to be part of a thriving community characterized by elegance, comfort, and modern living. For more information, feel free to explore the detailed analysis of market conditions and demographic shifts that impact property investments here⁹.

Source Links

1. https://dxbproperties.ae/property/11-park-hills-dubai-science-park
2. https://everhomes.ae/off-plan/11-park-hills/
3. https://offplanpropertiesdubai.ae/projects/11-park-hills-at-dsp/
4. https://www.propjunction.ae/projects/11-park-hills-at-dsp
5. https://insiderealty.ae/en/projects/11-park-hills-by-townx-at-dubai-science-park
6. https://keltandcorealty.com/property/11-park-hills/
7. https://uae-offplan.com/property/11-park-hills-amenities
8. https://imexre.com/for-sale/48748/
9. https://ufi.ca.uky.edu/files/park_hills_street_tree_report.pdf