Skyhills Residences is a new project by HRE Development and OCTA Properties in the Dubai Science Park, consisting of two towers with a height of 40 and 47 floors. The architects of the project are specialists from QHC Architects & Engineers, and construction is scheduled to be completed in the 4th quarter of 2026.
Location:
— The Skyhills Residences complex will be located in the Dubai Science Park, next to Umm Suqeim Street. This major road leads to Al Khail Road, Sheikh Zayed Road and Sheikh Mohammed Bin Zayed Road, which provide quick access to other destinations in Dubai. Dubai International Airport (DXB) is 30 minutes away by car, and the same amount of time is required to explore the world-famous attractions of Downtown Dubai.
— Dubai Science Park, Foremarke School 1 and Dubai Science Park, Foremarke School 1 bus stops are within walking distance. The property in the complex is suitable for families with children, as Dovecote Nursery and Smart Start Kindergarten for kids are nearby. Older children can attend schools such as Repton School Al Barsha, GEMS Founders School – Al Barsha, Safa Community School and many others. Medical care is available at the renowned and highly reputable Mediclinic Parkview Hospital or Neuro Spinal Hospital – NSH, both located in the same area.
– Just a five-minute drive away are the Dubai Miracle Garden and Butterfly Garden, where you can watch butterflies and the world’s largest flower garden. The prestigious Dubai Polo & Equestrian Club offers polo and horse riding, while the Dubai Autodrome is the perfect choice for adventure sports enthusiasts. Both of these places are a little further away, just 10 minutes away.
Economic attractiveness:
– As of Q1 2024, the average rental price for a one-bedroom apartment in Dubai Science Park is AED 65K (USD 17.7K), with an ROI of 5.3 %.
– Once the residences are ready for occupancy in Q4 2026, foreign investors will be able to apply for a UAE resident visa. A two-year visa is available if the purchase price exceeds 750 thousand dirhams (204 thousand US dollars), and a 10-year visa is available when purchasing real estate for an amount of 2 million dirhams (545 thousand US dollars). Both options apply to your spouse and children.
The constantly growing real estate market in Dubai, as well as the location of this property, contribute to the acquisition of the latter as a profitable investment and an object of personal comfort.
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