17 Icon Bay - Dubai Creek Harbour - Dubai Lagoon  

17 Icon Bay is an upcoming residential development in Dubai Creek Harbour, Emaar's latest master development. It will feature one, two, & three bedroom apartments overlooking the wildlife sanctuary and will be anchored to the central park, providing access to green spaces. Special payment plan available for the last few apartments - pay 25% until completion and 75% over 3 years post-completion.

Master Community: Dubai Creek Harbour
Property Types Available: Apartments
Location: Al Khail Road, Ras Al Khor Road
Status: Under Construction
Year Launched: 2017
Estimated Completion Date: May 2021
Developer: Emaar
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Water-front Community, Residential Building with some retail
Under Construction Buildings: 1
Under-Construction Townhouses: 5
Under-Construction Apartments: 323
Floors: 43
Total Retail Space: 4

Investment Feasibility & Decision Drivers

Snapshot summary for investing in 17 Icon Bay

Investment Score

Value for Money
85%
Project Uniqueness
80%
Location & Connectivity
70%
Rental Yield Expectation
75%
Capital Growth Expectation
90%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Very investor friendly

Ideal for: End-Users & Investors

Price Range: AED 1,700 PSF - AED 1,950 PSF

Unit Types Available: Apartment

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What Our Experts Think

17 Icon Bay is an upcoming residential tower in Dubai Creek Harbour featuring high-end one, two, and three bedroom apartments. Units will have views of the wildlife sanctuary and will be facing Downtown/Burj Khalifa. The project will be anchored to the central park, providing access to green spaces. One of the best investment opportunities for someone with an investment objective being capital appreciation over the next few years. With the new 25/75 payment plan, along with the DLD waiver and service fee waiver, this is the perfect opportunity for an end-user to invest in one of the last few remaining 3 beds.

We expect, in the long-term, properties with the best views to witness significant capital appreciation because of Dubai Creek Harbour's location and connectivity to the rest of the city, the tourist attractions being developed within the community, and because of the lifestyle DCH will offer - that being the best of both Dubai Marina and Downtown Dubai (both which have been p

17 Icon Bay

 Published on Aug 28 2017   17,786 Views

 Source: Emaar

 Category: Design Concept , Project Walk Through , Project Introduction

17 Icon Bay is an upcoming residential development in Dubai Creek Harbour, Emaar's latest master development. It will feature one, two, & three bedroom apartments overlooking the wildlife sanctuary and will be anchored to the central park, providing access to green spaces.

Video Source: Emaar Properties

Want to own an apartment in Dubai Creek Harbour?

One, Two, & Three bedroom apartments in 17 Icon Bay - An Emaar Project overlooking the wildlife sanctuary.

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About 17 Icon Bay

1Overview

17 Icon Bay is an upcoming 2B+G+43 floor residential tower in Dubai Creek Harbour. It is situated just behind a low-rise development, The Cove, and located next to the entrance of the Central Park in Dubai Creek Harbour. In total, 17 Icon Bay will have 323 residential apartments, 5 townhouses, and 4 ground floor retail shops. 

The project is anchored to the central park, providing residents with access to green spaces.

Investors will have a unique choice as the apartments will either have pure blue water views extending to the natural wild life sanctuary, which hosts the prettiest of the migrating flamingos every year, or have views of the huge Central Park.17 Icon Bay will offer some of the best views when compared to the other towers located on the Island District. 

This development by Emaar features one, two, and three-bedroom high-end apartments. Once completed, these will be one of the most-sought after apartments by high-end clients. The initial prices were reasonable for long-term investors, along with the payment plan. 

Approximately 30% of the units in the project are one beds, 50% two beds, and 20% three beds. 

Unit Sizes

Bedroom Size Range
1 Bedroom 736 - 760 sq. ft.
2 Bedroom 1,069 - 1,116 sq. ft.
3 Bedroom 1,588 - 1,668 sq. ft.

Pricing:

- 1 Bed: AED 1.1 - 1.4 million
- 2 Bed: AED 1.45 - 2.2 million
- 3 Bed: AED 2.4 - 3.2 million

A Closer Look At Launch Prices

- 1 Bedroom apartments with park view are approximately AED 1.1 million +
- 1 Bedroom apartments with marina view are approximately 1.37 million +
- 2 Bedroom apartments with park view are around AED 1.45 million
- 2 bedroom apartments with a view of the Tower and Marina are approximately AED 1.66 million
- 2 bedroom apartments with full marina view are priced around AED 2 million
- 3 bedroom apartments with full marina and downtown skyline view are about AED 3 million 

Payment Plan

Percentage Milestone
5% At the time of booking
5% December 2017
10% June 2018
10% December 2018
10% May 2019 (20% Construction Completion
10% December 2019 (40% Construction Completion
15% July 2020 (70% Construction Completion)
35% May 2021 (Upon Completion)


Update (as of Oct 2019)

Very limited units available directly from the developer - these are 3 beds above the 20th floor, either overlooking the wildlife sanctuary/water or overlooking the Burj Khalifa. Prices range from between AED 3,177,888 to AED 3,201,888. 

As of October 2019, Emaar has announced a special offer on apartments available directly from Emaar (limited availability):  

New Payment Plan - 25/75 Offer:

  • 10% Down Payment 
  • 10% November 2019
  • 5% On Completion (May 31, 2021) 
  • 75% Over 3 Years After Handover (25% per year in quarterly installments each year)

4% Dubai Land Registration Waiver 

3 Years Service Charge Waiver 

About Dubai Creek Harbour (DCH)

Dubai Creek Harbour (DCH) is an upcoming community in the heart of Dubai, only a 10-minute drive from Downtown Dubai and about a 12-minute drive to the Dubai International Airport. It’s an iconic waterfront development and is a more modern combination of Dubai Marina and Downtown, with a mixture of the Boulevard, Boardwalk, and Corniche lifestyle (we envision it to be kind of like SOHO or West Side in Manhattan).

There has been a huge demand from investors and end-users alike for DCH mainly due to the fact that there is potential for capital appreciation in the next four to five years, similar to how Dubai Marina and Downtown Dubai experienced such growth from when it was launched to when it was completed. We expect such growth for DCH because:

- There will be major public transport links in and around the project including the Dubai Metro.

- The development will feature the world’s tallest tower (Completion due for 2022).

- The construction of the largest mall in the world (expected to be twice the size of Dubai Mall) with an indoor China Town.

- DCH will feature waterfront lifestyle with boardwalks, corniche, and high-end stores and cafes lined along the boulevard.

- The development is located in close proximity to the city center, being a 12-minute drive from Dubai International Airport, old city centers (Deira & Bur Dubai), Downtown Dubai, Business Bay, and DIFC, all of which will create a thriving rental and resale market upon completion. 

Dubai Land Classification & Escrow Account Details:

Land Number: 143

Project Number: 1921

Real Estate Developer: Emaar Properties

Trust Account Number: 001582113744501

Account Trustee Name: Dubai Islamic Bank

RERA Permit No:: 15128  Completion Status (As of Oct 2019): 13.68% 

Amenities of 17 Icon Bay

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