DUBAIUnited Arab Emirates, December 24, 2024 /PRNewswire/ — Ellington Properties, a leader Dubai real estate developer, announced its first residential development by the sea, Ellington Creeklocated on the Dubai Islands. This marks a significant milestone for the developer as it ventures into coastal living, combining architectural sophistication with waterfront serenity.
Setting a new standard for beachside living
Ellington Creek is a premier beachfront development offering direct beach access, stunning views of the Arabian Gulf and a tranquil beachfront lifestyle, all within close proximity to that of Dubai dynamic urban attractions. The project highlights that of Dubai vision to transform its coastline into a global hub of luxury living, tourism and leisure. Situated in a prime position on the Dubai Islands, Ellington Cove is part of a wider development introducing over 21 kilometers of pristine beaches, setting a new standard for beachfront living in the region.
A unique blend of beachfront luxury and premium lifestyle amenities
Ellington Cove redefines luxury living by combining pristine waterfront access with the convenience of being just steps from a world-class golf course and premier shopping center. Designed with the renowned excellence of Ellington Properties, the residences feature elegant European-inspired interiors, state-of-the-art appliances and finishes reminiscent of luxury hotels.
Resort-style amenities, including infinity pools, fitness centers and lushly landscaped spaces, create a harmonious blend of refinement and practicality, providing residents with an unparalleled lifestyle experience.
A statement from the CEO
Elie Naamanco-founder and CEO of Ellington Properties, commented: “Ellington Cove is more than a residence; it is a carefully curated coastal experience that reflects that of Dubai evolving architectural and lifestyle aspirations. We have built our reputation on delivering design-led developments, and this project presents an opportunity to expand our portfolio while meeting the growing demand for high-end coastal residences.
Ellington Properties: A Legacy of Excellence
Ellington Properties continues to set a benchmark in the UAE real estate market with its design-led approach and dedication to superior craftsmanship. Founded by CEO Robert Boothrenowned for his role in the development of the Burj Khalifa and Downtown Dubaithe company’s latest project, Ellington Cove, highlights its commitment to sustainability and high-yield investment opportunities.
Strong performance and investment potential
Ellington Properties has demonstrated strong performance since its inception in 2014, disposing of 17 units to date, with 50 more in the pipeline.
Ellington Creek represents a historic development for the company, with a total value of AED 3.2 billion ($870 million), reflecting its continued growth and commitment to excellence. Located inside that of Dubai dynamic real estate market, the project offers significant investment potential, supported by Ellington Properties’ track record of capital appreciation rates of between 25% and 35% over the past three years. that of Dubai Investor-friendly policies, tax benefits and global connectivity make Ellington Cove an exceptional opportunity for international buyers looking for solid returns.
Completion date
Ellington Cove is expected to be completed in 2028.
For more information on Ellington Cove and other Ellington Properties projects, visit www.ellingtonproperties.ae.
For media inquiries: Tel. +66 64 540 7000
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SOURCE Ellington Properties
