Corner 3 Bedroom Apartment in Grove at Creek Beach Building 5, Dubai Creek Harbour with Lagoon Access, Rented

Property Overview

This corner 3-bedroom apartment in Grove at Creek Beach Building 5, Dubai Creek Harbour, is available at an asking price of AED 4,500,000. The unit has a built-up area of 2,662 sq ft with a large balcony and lagoon access. The property is currently rented. Grove at Creek Beach is a completed low-rise community by Emaar Properties within Dubai Creek Harbour.

Property Highlights

• Type: corner 3-bedroom apartment
• Built-up area: 2,662 sq ft
• Asking price: AED 4,500,000
• Rate: approximately AED 1,690 per sq ft (BUA)
• Position: corner unit with large balcony
• Access: lagoon access
• Rental status: currently rented (annual rent not stated)
• Building: Grove Building 5 (6 storeys)
• Status: ready (completed 2023)
• Ownership: freehold

Pricing Context

The agent describes this as a prime property at an exceptional price. No original purchase price or dated DLD comparable has been supplied directly. The below-market classification is provisional.

Market Reference

Available market data for 3-bedroom apartments in Grove at Creek Beach provides context:

• Bayut average 12-month DLD transaction price for 3BR: approximately AED 4,030,000
• Current 3BR listings in Grove: AED 3,600,000 (Building 5, 1,593 sqft, upgraded), AED 4,500,000 (this unit, Building 5, 2,662 sqft, corner), AED 4,800,000 (Building 3, 2,117 sqft, top floor) and AED 4,800,000 (Building 2, 1,598 sqft, lagoon view)
• Property Finder average price for Grove at Creek Beach: approximately AED 4,000,000 with 12.6% year-on-year increase
• Average rate across listings: approximately AED 2,000 per sqft

At AED 1,690 per sqft, this unit is priced below the per-sqft average for the community. The lower per-sqft rate reflects the significantly larger floor area of 2,662 sqft compared to the standard 3-bedroom range of 1,598 to 2,117 sqft in Grove. Larger units typically trade at a lower rate per sqft than compact ones. The absolute price of AED 4,500,000 is above the 12-month DLD average of AED 4,030,000, but that average includes smaller 3-bedroom configurations.

Buyers should compare the asking price against recent DLD transactions for comparably sized 3-bedroom or larger units in Grove Building 5 specifically before committing.

Investment Considerations

The unit is currently rented. The current annual rent was not disclosed in the agent brief. DLD data shows the average annual rent for 3-bedroom apartments in Grove at Creek Beach is approximately AED 261,000 per year, which would indicate a potential gross yield of approximately 5.8% at the asking price. However, this larger corner unit may command higher rent than the average. Bayut currently lists a furnished 3BR in Building 4 (1,882 sqft) at AED 300,000 per year and a 3BR in Building 2 (1,598 sqft) at AED 230,000 per year.

Buyers should request the tenancy contract from the agent to confirm the exact annual rental income, the lease expiry date, renewal terms and whether rent is subject to RERA rent index adjustments. Under Dubai tenancy law, existing tenancy contracts transfer to the new owner upon sale.

Corner Unit and Large Balcony

This is a corner apartment, which typically provides additional natural light from multiple exposures, greater privacy from neighbouring units and a more open layout compared to mid-block configurations. The large balcony extends the living area and provides direct visual connection to the community and lagoon. Lagoon access is confirmed, giving residents proximity to the Creek Beach lagoon and its associated facilities.

About Grove at Creek Beach

Grove at Creek Beach is a low-rise residential community by Emaar Properties within Creek Beach, Dubai Creek Harbour. The project consists of five buildings, each standing at six storeys, offering 1, 2 and 3-bedroom apartments along with 4-bedroom penthouses. Three-bedroom apartments in Grove range from approximately 1,598 to 2,662 sqft. The community was completed and handed over in 2023.

Community Amenities

Residents of Grove at Creek Beach have access to swimming pools with sun decks and loungers, a fully equipped gymnasium, BBQ areas, children's play areas, a multipurpose community room, landscaped gardens, covered parking and round-the-clock security with concierge services. The community benefits from direct lagoon access and proximity to the wider Creek Beach waterfront promenade with retail and dining outlets.

About Dubai Creek Harbour

Dubai Creek Harbour is a master-planned waterfront development by Emaar Properties along the historic Dubai Creek. The community spans approximately 6 million square metres and is designed around waterfront living with residential, retail, hospitality and leisure components. Notable landmarks include the planned Dubai Creek Tower and the Harbour Promenade.

The community is connected to the city via Al Khail Road (E44), Ras Al Khor Road and the Dubai-Al Ain Road. Downtown Dubai and The Dubai Mall are approximately 10 minutes away. Dubai International Airport is approximately 10 to 15 minutes by road. Nearby destinations include Dubai Festival City (approximately 2 km), Ras Al Khor Wildlife Sanctuary, Jameel Arts Centre and the Al Jaddaf waterfront district.

Creek Beach within Dubai Creek Harbour features a 700-metre sandy beach along the lagoon, the Vida Creek Beach hotel, retail outlets and dining. Residents of Grove have walking access to these facilities.

Verification Notes

Unit-specific facts including 3-bedroom configuration, built-up area, corner positioning, large balcony, lagoon access, rented status and asking price are sourced from the agent's brief received on 28 September 2026. The listing matches a Bayut entry for a 3BR in Grove Building 5 at AED 4,500,000 for 2,662 sqft described as a corner unit with large balcony and lagoon access. Community-level details are drawn from Bayut's building guide, sale and rental listings, DLD transaction and rental data, and Property Finder project data for Creek Beach Grove. No original purchase price has been provided; the pricing is classified provisionally. The agent's description of this as an exceptional price is treated as sales language and has not been independently verified. The current annual rental income was not stated; the yield estimate uses DLD average data. Bathroom count, floor level, furnishing status and exact view were not stated in the brief and have been omitted. The 2,662 sqft BUA is significantly larger than the standard 3BR range in Grove (1,598 to 2,117 sqft); this may indicate a different unit type or layout and should be confirmed with the agent.