One Bedroom Apartment in Culture Village, Dubai Wharf Culture Village
- 10% – Booking
- 10% – 01.08.2016
- 10% – 01.12.2016
- 70% – 31.03.2017
Dubai Wharf is a mixed used development set within the heart of the Dubai Creek, opposite Al Jadaf metro station. The development acts as an attraction and a destination hub for both shopping and entertainment, and catering for both residents and visitors alike and is set to complement and boost the reputation of Dubai on the world Shopping and Culture Map.
The 222,967-square-metre development will have 582 residential units and 110 retail and F&B outlets. Superstructure works are 100 per cent complete. Towers 1, 2 and 3 are to be completed by Q1-17. Tower 4 and retail/mall are to be completed by Q3-17.
It will have a 6 kilometre waterfront promenade and a centrally located marina directly connected to Dubai Creek.
Mix the water element with the right retail and residential settings and the “liveable” factor gets an immediate spike.
Just weeks after launching the Dh1 billion Marasi Business Bay, with its 12-kilometre waterside promenade, the master-developer is throwing the full spotlight on the 6-kilometre stretch that will anchor the retail offerings at Culture Village. (The master-development is also the location of the signature Palazzo Versace hotel and residences as well as the D1 Tower.)
Retail will be placed alongside the walkways and promenades of Culture Village and this instantly scales up the development’s lifestyle attractions. In fact, the original stretch of Dubai Creek is being reworked to meet today’s requirements.
The infrastructure works are mostly ready for the overall development and we have just awarded the landscaping contract for a Q4 completion. The first of the handovers at Dubai Wharf should happen by year-end or Q1-17. Manazel Al Khor is 82 per cent complete.
Between the two mini-clusters, anywhere up to 3,000-3,500 people could find a home there.
According to industry sources, the first-half could see Culture Village as a whole emerging as Dubai’s next residential and hospitality hot spot. That would be the time when many of the privately developed high-rise projects would have gone past completion, said Balaji Parthasarathy of Radiant Star, which is a shareholder in the $88 million Riah Star tower development there.
There are more than 15 towers shaping up … and with the Palazzo Versace as the gateway, there’s a lot of investor attention that Culture Village can pull in.
There will be three phases in total. The three main access roads will be those from the Al Jadaf Metro station, one leading to the Palazzo Versace Hotel and another that is centrally accessible. A new access from Shaikh Rashid road has been approved by RTA.
Lots of lifestyle and high culture
Private developers with projects at Culture Village are looking for a major lift in values and demand as soon as investor demand turns itself around. From Q1/Q2-17, the resident base will start to move in and that added to the stature of Palazzo Versace will immediately up the destination’s profile.
Currently, there are about 18 high-rise projects, with D1 being the most prominent. The prices range from Dh1,200 a square foot to around Dh2,000, depending on the profile of the project.
Available 1 bedroom units: