Al Khail Heights

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Al Khail Heights offers a mixed range residential units from 58 spacious townhouses to 26 modern apartment buildings close to Business Bay. Al Khail Heights has been one of the more actively transacted communities in Dubai since its launch in 2013. Buyers for apartments have to pay a 50% down, 10% on completion and 40% over two years following handover. Delivery was initially scheduled in late 2015; but as per recent site visits in March 2017 - handover is imminent.

Property Types Available: Townhouses, Apartments
Location: Sheikh Zayed Road, Al Khail Road
Status: Ready
Year Launched: 2013
Estimated Completion Date: June 2017
Developer: Texture Holding Ltd.
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Low-rise
Life Cycle: Partially delivered
Under Construction Buildings: 26
Under-Construction Townhouses: 58
Under-Construction Apartments: 2,156

Studio, 1 and 2 bedroom apartments in Al Khail Heights.

Pay 50% now. 10% on completion (Dec 2016) and then 40% over 2 years. One of the best investment opportunities in Dubai.

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About Al Khail Heights

General Guide

Al Khail Heights is an under-construction low-rise apartment & townhouse complex located close to Business Bay.

Al Khail Heights was launched in 2013 and in the following months was one of the 'hottest' projects on the market for investors.

The developer of this project sold units directly to the market with a payment plan of 60% payable till completion and 40% payable over two years of handover. Texture Holding also sold entire buildings in bulk to investors who in turn have flipped over individual units at a profit.

Apartments

There are a total of 22 buildings, all currently under-construction. Each building has two blocks.

As of Q1 2016, all buildings have been sold out and units are typically available in the secondary market.

The payment plan for the project is 50% payable immediately and 10% payable on completion. The remaining 40% is payable over 2 years following handover.

Townhouses

There are a total of 58 townhouses comprising 5 & 6 bedroom units. These units are supposed to be handed over in Q3 2015. Payment plan is 50% down and 50% on completion. 5 bedroom townhouses have built up areas of 3,500 sq. ft. and 6 bedroom townhouses have built up areas of 4,300 sq. ft.

As of Q1 2015, 5 bedroom townhouses have selling prices of AED 3,000,000 while 6 bedroom townhouses are at AED 4,000,000.

Important information about the prices we report in this community, please note:

1. Up until the time this project is complete, Lookup.ae will track prices in Al Khail Heights based on secondary market transactions. We take into account every unit type's original price, view and then track the premiums that are being paid by buyers.

2. Dig deeper if you'd like by clicking on the Property Types or Performance tabs at the top of this page. The breakdown includes data of each property type's price, price psf range, average rental price and other information where available.

Project Completion Status (as per DLD): COMPLETED

Dubai Land Classification & Escrow Account Details:

Land Number: 423

Project Number: 1527

Real Estate Developer: Texture Properties

Trust Account Number: 00110494460026

Account Trustee Name: Noor Bank

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Al Khail Heights

  • This project is just a short drive away from Business Bay & Downtown Burj Dubai which are fast emerging as the main central business district of Dubai.
  • Less than a 5 minute drive onto Sheikh Zayed Road and Al Khail Road.
  • An excellent payment plan is available. 40% of the sale price of the property will be paid over a two year period after handover.
  • Huge potential for capital growth which will be even more significant if the surrounding area enters a period of revitalization.

Negatives of Al Khail Heights

  • Quality of the project is expected to fall into the mid-end bracket. Either way hardly any current purchasers are looking at the development from an end-user perspective.
  • Surrounding developments include labor camps and other industrial buildings which has and will impact the perceived value of the development overall.

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