Acacia at Park Heights - Dubai Hills Estate - Mohammad bin Rashid City

Acacia at Park Heights by Emaar are three low rise buildings in a prime location within Dubai Hills Estate. Acacia at Park Heights consists of 477 units - 1, 2 and 3 bedroom apartments. Construction is well underway and the official completion date is Q4 of 2018. As of June 2017, the project is sold out and units can be purchased on the secondary market.

Master Community: Dubai Hills Estate
Property Types Available: Apartments
Location: Al Khail Road, Umm Suqeim Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: December 2018
Developer: Emaar
Title Type: Freehold
Quality Classification: High-end
Height Classification: Low-rise
Life Cycle: Under Construction
Under Construction Buildings: 3
Under-Construction Apartments: 477
Floors: 8
Maintenance Fee: Will be determined on handover. Expected to be AED 18 - 20 psf per annum

Dubai Hills Mall by Emaar

 Published on Aug 23 2017   3,013 Views

 Source: Emaar

 Category: Design Concept , Project Walk Through , Project Introduction

Dubai Hills Mall is the latest addition to Emaar's newest master development, Dubai Hills Estate. Here are some major stats regarding Dubai Hills:
- An 11 million square meter development
- Will eventually have over 2,000 villas and thousands of apartments
- 18 hole golf-course within the development
- 14 tennis courts
- 4 schools
- Many kilometers of natural trails
- 2 hotels & resorts
- Rail & metro-link connectivity
- Dubai Hills Mall

Acacia at Park Heights by Emaar is currently sold out. Units are available on the seconday market.

In addition, you may be interested in other apartment developments within Dubai Hills Estate by Emaar. Contact a project specicalist to learn more about buying opportunities in Dubai Hills.

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About Acacia at Park Heights

Overview

- Three low-rise residential buildings consisting of 1, 2 and 3 bedroom apartments (see launch prices below)

- The launch prices ranged from AED 1,270 - 1,550 per sq. ft. (see launch prices below)

- Retail on ground-floor

- Developed by Emaar - considered Dubai's largest and most reputable developer

- Located within Dubai Hills Estate which is a master-community with various projects including Sidra (Villas), Maple (Townhouses), Mulberry at Park Heights (apartments) as well residential plots and ultra-luxury golf-course villas.

- Construction has commenced and delivery is expected in December 2018

- This project is considered to be a modern take on Emaar's other low-rise residential community in Emirates Living called Greens.

- Apartments will have floor to ceiling windows and built in white goods.

- Acacia at Park Heights will not be too far away from the Dubai Hills Mall which is planned at a later stage for the master-development.

- The below map shows the current projects launched in Dubai Hills as of October 2016 and shows the approximate location for Acacia at Park Heights:

Launch prices

- This was the first apartment development launched in Dubai Hills Estate (early 2015).

- 1 Beds had an average size of 989 sq. ft. and selling price averaged AED 1.42 M

- 2 Beds have sizes ranging from 1,341 - 1,683 sq ft. and prices ranged from AED 1.84 - 2.0 M

- 3 Beds had sizes ranging from 1,766 - 2,182 sq. ft. and prices ranged from AED 2.44 - 3.1 M

Original Payment-Plan at launch date

This was the orignal payment-plan; units sold later or on special promotion periods may have slightly different payment-plans.

10% downpayment on booking + 4% DLD Fees

10% payable in February 2016

10% payable in October 2016

10% payable in Feb 2017 or when 20% construction milestone reached

10% payable in August 2017 or when 40% construction milestone reached

10% payble in Jan 2018 or when 60% construction milestone reached

10% payable in May 2018 or when 80% construction mileston reached

20% payable on completion (expected Decembere 2018)

Status as of June 2017

- All the units were sold out by Emaar through 2015 and 2016

- Since the launch of Acacia, Emaar have also launched other apartment developments in Dubai Hills including Mulberry, Park Point and Park Heights.

- Keeping with changing market trends, the unit sizes in the projects launched from 2016 onwards (like Park Point and Park Heights) are smaller by about 15 - 20% on average. This basically means unit prices are cheaper in these projects but prices per sq. ft. are similar.

- Compared with Park Point and Park Heights, Acacia has a much more prime locaction within the community.

Project Completion Status (as per DLD): 16.58% (as of Sept 30, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 121

Project Number: 1633

Real Estate Developer: Emaar Properties

Trust Account Number: 0204806436110

Account Trustee Name: Emirates NBD

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Acacia at Park Heights

Amenities of Acacia at Park Heights

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