Emaar Development said it has unveiled ‘Collective’, an innovative concept for co-living spaces in Dubai Hills Estate that is suited for investors, within walking distance of Dubai Hills Mall, with planned metro station around the corner.

The focus of the new development is on providing a rich array of amenities that are unparalled in projects of a similar nature, assuring significant return on investment, through resale or rental income.

With prices starting from Dh671,888 ($182,904) for a one-bedroom apartment, complemented by the world-class design and build standards of Emaar, ‘Collective’ is a sound and lucrative investment opportunity, said the developer in a statement.

The amenities offered go above and beyond what is expected in a conventional co-living concept. These functional spaces encourage a connected and collaborative environment that appeals to entrepreneurs, creatives, professionals and families.

‘Collective’ is set in the heart of Dubai Hills Estate, the 11-million-sq-m master-planned green oasis set centrally in ‘new Dubai’, the size of about 1,550 football fields.

Residents can indulge in all the advantages of being part of the master-community such as an 18-hole championship golf course; the Dubai Hills Park featuring open green spaces, jogging tracks, art installations, fountains and water features; Dubai Hills Boulevard with exciting leisure, retail and dining experiences, as well as schools and healthcare facilities.

Within walking distance of the upcoming Dubai Hills Mall, investors and tenants will have the privilege of being in a prime location in addition to enjoying the convenience of an integrated public transport system and the planned metro station, which is located close to ‘Collective’.

The project thus meets all the needs of residents either within the building or right around the corner. This further underlines the appeal of ‘Collective’ for tenancy and investment purposes, said the statement.

The amenities within the development include indoor and outdoor lounges, cinema room, fully-equipped and multi-functional gymnasium, library, game area, ‘secret garden’ and swimming pool.

In addition to the top-shelf facilities, there will also be retail and dining offerings on the podium level, it added.

Ahmad Al Matrooshi, the managing director of Emaar Properties, said: "Dubai has a growing population of young entrepreneurs, innovators, professionals and creatives, whose idea of home is shaped by their modern outlook and aspirations."

"The ‘Collective’ is designed for them and brings a new choice, where the emphasis is on community living. Being part of a trendy neighbourhood with all amenities including co-working spaces right within their building, ‘Collective’ assures them the freedom of choice they seek," stated Al Matrooshi.

"As part of Dubai Hills Estate, they have all modern amenities nearby – from a championship golf course to a bustling boulevard, a high-end mall and an array of choices to pursue an active outdoor lifestyle," he added.

Dubai Hills Estate promotes an active outdoor lifestyle that fits perfectly with the concept of ‘Collective’. The master development is located between Downtown Dubai on the north and Arabian Ranches in the south, and it also easily accessible from the Dubai International Airport and Al Maktoum International Airport.

Customers will have the choice of one- and two-bedroom apartments that are thoughtfully designed taking into consideration the needs of small families and professionals, said the top official.

The highly functional interiors have a flexible layout with partitions allowing the bedrooms to open to the living room for a larger, spacious feel. All units also have balconies overlooking the lush-green views of Dubai Hills Estate, he added.-TradeArabia News Service