Off-planGolf Place Terraces, Dubai Hills Estate
HIGHLIGHTS
ABOUT GOLF PLACE TERRACES
| Overview | Project Details |
|---|---|
| Location | Dubai Hills Estate |
| Construction Update | Phase 1 is completed |
| Property type | Villas |
| Unit type | 4-Bed to 6-Bed |
| Developer | Emaar Properties |
Golf Place is a residential project in Dubai Hills Estate, being developed in two phases by Emaar Properties. This area offers beautifully designed villas with 4 to 6 bedrooms, ideally located on the southern edge of Dubai Hills.
IN A NUTSHELL
- A residential project by Emaar Properties
- One of the sub-communities in Dubai Hills
- 4, 5 and 6-bedroom golf-view villas for sale
- Situated between Dubailand and Bur Dubai
- Gated community with round-the-clock security
- Close to major business centres within Dubai
- Golf Place II is estimated to be handed over by the end of 2024
PROPERTY
COMMUNITY OVERVIEW
Golf Place is popular with investors looking to gain equity by investing in luxury villas. This community is also popular among young professionals and families who need larger accommodations closer to areas such as Downtown Dubai. The first phase of Golf Place Terraces was completed in the first quarter of 2022. It is now offering some rental properties as well for anyone looking for homes in a family-friendly community. However, Golf Place II is estimated to be completed by the last quarter of 2024.
Golf Place Masterplan
Popular points of interest include:
- An 18-hole golf course within the greater neighbourhood
- Accessibility to community parks and gardens
- Bicycle routes and various playgrounds for children
Moreover, Dubai Hills Mall is developed on the north-western edge of Dubai Hills Estate, directly accessible from villas in Golf Place.
PROPERTIES IN GOLF PLACE TERRACES
Properties in Golf Place include villas for sale with 4, 5 and 6-bedroom configurations. Square footage for these villas varies between 5,000 sq. ft. and 7,000 sq. ft.
Golf Place Terraces Floor Plans
Interested buyers can check out Golf Place floor plans available in 2D and 3D layouts on Bayut’s website.
Sales Trends in Golf Place
Rental Trends in Golf Place Terraces
The first phase of Golf Place Villas is completed. So, one can find a good range of rental properties. A 4-bedroom villa for rent in Golf Place Terraces spanning 7,104 sq. ft. is offered for AED 700k per annum. Whereas, bigger units like 5-bed Golf Place villas for rent cost around AED 1.2M. Renting 6-bed villas in Golf Place Terraces that feature a massive covered space of 8,500 sq. ft. to 14,000 sq. ft. would typically cost around AED 1.2M to AED 1.8M.
PAYMENT PLAN
Investors can choose between 4, 5 and 6-bed residential units distributed in two phases. Prices of villas in Golf Place 1 start from AED 10.4 M while buying properties in Golf Place 2 costs around AED 10.5M.
| Instalment | Payment in % | Schedule |
|---|---|---|
|
Instalment Down Payment |
Payment in % 10% |
Schedule On booking |
|
Instalment 1st |
Payment in % 10% |
Schedule 3 months from booking |
|
Instalment 2nd – 7th |
Payment in % 5% |
Schedule Every 4 months till June 2023 |
|
Instalment 8th |
Payment in % 10% |
Schedule On completion |
|
Instalment 9th – 10th |
Payment in % 5% |
Schedule 4 & 8 months post completion |
|
Instalment 11th |
Payment in % 10% |
Schedule 12 months post completion |
|
Instalment 12th – 13th |
Payment in % 5% |
Schedule 16 & 20 months post completion |
|
Instalment Final Settlement |
Payment in % 10% |
Schedule 24 months post completion |
*Source: Emaar Properties
The schedule for 1st instalment is 3 months from booking, i.e. June 2021. Likewise, the payment is split into 5% every four months from October 2021 to June 2023 for the next 6 instalments. The project is expected to be completed in December 2024. However, Emaar is offering a post-handover payment schedule so the 14th instalment of 10% will be made in December 2025.
LOCATION
- Al Khail Road, E44 is accessible in a 10-minute short drive
- Dubai Hills Golf Club is 10 minutes away
- Dubai Hills Park is a 10-minute drive
- Kings’ School – Al Barsha branch is 12 minutes away
FAQs about Golf Place
Where is Golf Place Terraces located?
Golf Place Terraces is an off-plan project in Dubai located between Dubailand and Bur Dubai communities.
When is the handover of Golf Place villas?
The project is expected to be completed in December 2024.
*Featured image source: Emaar Properties.
