Golf Place Terraces - Dubai

HIGHLIGHTS

ABOUT GOLF PLACE TERRACES

The Golf Place, a residential undertaking located in Dubai Hills Estate, is being developed by Emaar Properties in two phases. The neighborhood boasts exquisitely crafted villas that contain 4 to 6 bedrooms and are conveniently situated on the southern periphery of Dubai Hills.

IN A NUTSHELL

PROPERTY

COMMUNITY OVERVIEW

Investors seeking to increase their equity through investment in upscale villas are drawn towards Golf Place. Additionally, young professionals and families requiring more spacious quarters in proximity to locations like Downtown Dubai, also find the community desirable. The initial segment of Golf Place Terraces was finalized during Q1 2022 and presently features leased properties for those searching for a residence within a family-oriented neighborhood. Yet, Golf Place II is predicted to wrap up by Q4 2023.

Golf Place Masterplan

Some of the well-liked attractions consist of:

Additionally, Golf Place villas provide direct access to Dubai Hills Mall which is situated on the north-western border of Dubai Hills Estate.

PROPERTIES IN GOLF PLACE TERRACES

Golf Place boasts a selection of villas for purchase, featuring 4, 5, and 6-bedroom layouts. These spacious homes range in size from approximately 5,000 sq. ft. up to 7,000 sq. ft.

Golf Place Terraces Floor Plans

Prospective purchasers have the opportunity to peruse both 2D and 3D versions of Golf Place floor plans on Bayut's website.

Sales Trends in Golf Place

Acquiring a bigger property such as the Golf Place's 6-bedroom villas typically entails expenses ranging from AED 15M to AED 30M.

Rental Trends in Golf Place Terraces

The initial phase of Golf Place Villas has been finished, providing a diverse selection of rental properties. For instance, there is a 4-bedroom villa up for rent in Golf Place Terraces that extends over an area of 7,104 sq. ft., available at AED 700k per annum. Moreover, larger dwellings such as the 5-bed Golf Place villas can be rented out for approximately AED 1.2M annually. Similarly, renting out spacious accommodations like the 6-bed villas present in Golf Place Terraces (covering from 8,500 sq.ft to14,000 sq.ft) would typically cost anywhere between AED1.2M and AED1.8M annually.

PAYMENT PLAN

Potential buyers have a selection of residential units that come in 4, 5 or 6-bed configurations split into two phases. The prices for villas in Golf Place 1 commence at AED 10.4M, whereas purchasing properties in Golf Place 2 will cost roughly AED 10.5M.

*Source: Emaar Properties

The initial payment for the project is due in June 2021, which marks three months from the booking. From October 2021 to June 2023, the remaining payments will be distributed into six instalments of 5% each and made every four months. The completion date for the overall project is December 2023. Emaar has also provided a post-handover payment scheme where the final instalment of 10%, or the 14th one, will fall on December 2025.

LOCATION

FAQs about Golf Place

Where is Golf Place Terraces located?

Located between the Dubailand and Bur Dubai communities lies Golf Place Terraces, an upcoming project in Dubai that is currently in its off-plan stage.

When is the handover of Golf Place villas?

Completion of the project is anticipated to occur in the month of December in the year 2023.

The source of the featured image is from Emaar Properties.