Sunridge Property Development By Emaar Properties

Last Updated on: 2nd November 2024, 06:17 am

Welcome to the stunning world of
Sunridge Property Development By Emaar Properties, a prestigious offering located at Rashid Yachts & Marina in the luxurious Mina Rashid neighborhood. Emaar Properties, a leading name in the UAE’s luxury real estate market, has outdone itself with this exquisite development that provides an exceptional lifestyle. Featuring premium 1 and 2-bedroom apartments, Sunridge is designed to deliver breathtaking views of the Marina and the Arabian Gulf, encapsulating the very essence of opulence.

Starting at a competitive price of 1.47M AED, these apartments boast contemporary architectural designs and high-quality finishes that appeal to discerning buyers. With an impressive 300 covered parking spaces available, residents enjoy both convenience and elegance in this vibrant community¹. Every detail has been meticulously crafted to redefine luxury living, from the splendid collection of premium homes near the Marina and Dubai’s longest swimmable canal pool to the lush palm-lined shores of Rashid Yachts & Marina, which enhances the coastal living experience¹. The project promises to indulge its residents in an extraordinary lifestyle complemented by a remarkable array of amenities and facilities.

Key Takeaways

• Sunridge offers luxury 1 & 2-bedroom apartments starting from 1.47M AED.
• Residents benefit from panoramic windows with spectacular water views.
• The project is expected to be completed by February 2027.
• A 10% down payment is required, with a 90/10 payment plan available.
• This development is designed for sophisticated coastal living.

Overview of Sunridge Property Development

Sunridge represents a promising property development project that has garnered attention for its strategic planning and community benefits. This project, located in Mina Rashid, is set to create over 6,500 homes on a 980-acre site, substantially exceeding the original vision from the 1995 Porta Bella Specific Plan, which anticipated just 2,911 housing units and commercial space of 2.5 million square feet. The Sunridge location advantages are evident in its proximity to various amenities, including parks, schools, and shopping districts, making it an attractive option for families and professionals. The city council has entered a memorandum of understanding with New Urban West to further assess the feasibility of this initiative, reflecting the current project status as it moves towards potential development initiatives².

Location and Accessibility

The Sunridge property development benefits from unparalleled access to key transport routes, enhancing its desirability among potential residents. Being situated next to the coastline, the development promises a vibrant coastal lifestyle, supporting an active and healthy living environment. Significant attention will be given to infrastructure enhancements, including a new roadway network designed to accommodate anticipated traffic, as council discussions emphasize the importance of traffic congestion management in this area while ensuring community engagement².

Project Status and Delivery Timeline

Currently, the project is in its preliminary stages, with a detailed traffic study and environmental impact report to be conducted. Plans hint at a possible delivery timeline of Sunridge spanning 20 to 25 years, allowing for phased development to adapt to community needs effectively. The memorandum explicitly states that it does not confirm any future decisions on the project, ensuring a transparent approach as the development progresses².

Luxury Living at Sunridge

Sunridge is redefining upscale living with its exceptional premium housing options in Sunridge. The community features meticulously crafted apartments that suit the needs of discerning buyers looking for a contemporary lifestyle. Residents enjoy spacious and modern layouts, ensuring they feel right at home.

Premium Housing Options

Each residence in Sunridge boasts expansive floorplans with panoramic windows that flood the interiors with natural light. The selection includes 1 and 2-bedroom apartments ranging in size from 764 to 1733 sqft, offering an ideal fit for various lifestyles and preferences. With an average resident tenure exceeding 2 years, it is evident that the living experience at Sunridge is fulfilling and enjoyable, leading to a 100% positive resident review rate for this community³.

World-Class Amenities

Beyond the elegant residences, Sunridge offers world-class amenities at Rashid Yachts & Marina that enhance the living experience. The community thrives on a shared sense of belonging, with residents reporting satisfaction in areas like grounds maintenance and staff professionalism, both reflecting the 100% approval ratings from current residents³. The location also allows for easy access to local parks, retail centers, and outdoor activities, making community life vibrant and engaging.

Investment Potential of Sunridge

As investors seek unique opportunities, the potential at Sunridge stands out. Offering attractive payment plans, this development makes it easier for buyers to access luxury properties. Investors are required to make only a 10% down payment upon booking, followed by 80% during the construction phase, and 10% at handover. This systematic approach allows for effective cash flow management and makes entry into the market much more appealing.

Attractive Payment Plans

The favorable structure of the payment plans aligns well with the broader investment opportunities at Sunridge. This model is especially attractive for those looking to capitalize on the rising property values within Dubai’s dynamic real estate market.

High Rental Yields

The market for rental yields in Dubai continues to showed promising growth trajectories. Recent developments have indicated that properties like the Sunridge Apartments have significantly increased in value since their acquisition, showcasing the potential for strong returns on investment. Such metrics highlight the efficacy of investing in luxurious communities that not only promise high living standards but also robust rental income.

Investors who look closely at the numbers will recognize that the prospects for rental yields in Dubai are compelling. Understanding these trends can lead to informed investment choices, as the right property can yield impressive returns over time.

Learn more about the uniqueapproach taken by Sunridge Property Development to enhance long-term value⁴⁵⁶

Conclusion

In summary, Sunridge Property Development by Emaar Properties represents a unique opportunity to experience coastal luxury living at its finest. With its prime location, exquisite design, and luxurious amenities, it stands as a beacon of sophistication in the Dubai real estate market. This project not only provides residents with an upscale lifestyle but also offers potential investors a golden chance for significant returns, thanks to the investment benefits of Sunridge.

The blend of Emaar Properties’ esteemed reputation and the exceptional payment plans available makes this development particularly appealing. As noted, the demand for luxury housing continues to rise, further enhancing the investment viability for all who choose to be part of this elegant community. For those considering a move or investment, the prospect of high rental yields aligns perfectly with current trends in real estate, especially with the ongoing growth in demand for Emaar Properties luxury projects.

With all these factors combined, it’s clear that the development not only meets the expectations of discerning homeowners but also presents compelling opportunities for investors. To understand the broader impact of investment decisions, one might consider recent legal cases affecting similar developments, such as the Sunridge Enterprises case, which highlights the importance of due diligence in real estate investments. Overall, Sunridge is poised to set new standards in luxury living and investment potential⁷.

Source Links

1. https://properties.emaar.com/en/properties/sunridge/
2. https://signalscv.com/2024/09/city-to-consider-agreement-for-sunridge-property/
3. https://www.liveatsunridgeterrace.com/reviews?page=7
4. https://www.cbinsights.com/investor/sunridge-partners
5. https://www.lremanagementllc.com/news-post/lre-sells-332-unit-multifamily-property-in-dallas-tx/
6. https://www.macroaxis.com/future-stock-price/SNDZ
7. https://sunridgechurch.org/12882/bobservation-fourth-quarter-update/