Ellington Wilton Park Residences
Tucked away in Sobha Hartland, MBR City, Wilton Park Residences is the ultimate development that consists of 2 residential identical towers. The residences are being developed by Ellington Properties. Project offers perfectly crafted studios as well as 1 & 2-bedroom apartments for sale.
Surrounded by 2 parks, Wilton Park Residences features a direct entrance to the park level, providing one central access point for both towers through a lobby area and a central reception. Besides an outside pool terrace and residence gardens, residents will benefit from a clubhouse, outdoor/indoor yoga area, swimming pool, barbecue deck, a gymnasium and garden areas with seating/lounging.
Each apartment in Wilton Park Residences will boast premium tiled flooring, generously sized balconies, custom-designed kitchen cabinetry and walk-in showers. As well as this, the master plan of the residential units includes fitted wardrobes, built-in kitchen appliances and designer faucets, sinks and accessories as well as other key features.
Wilton Park Residences is in close proximity to some of the city’s major road networks such as Ras Al Khor and Al Ain Dubai Road, so accessing other sought-after areas of Dubai will be quick and easy for homeowners. For instance, Dubai International Airport and the commercial districts of DIFC and Business Bay can all be reached within 15 minutes.
It is worth noting that Sobha Hartland is still under construction, therefore, the public transport links are not easily accessible yet. Nevertheless, there is a purple metro line planned, which will pass alongside the community and connect to Al Maktoum International Airport at Jebel Ali.
Upon completion of Sobha Hartland MBR City in 2025, residents of Wilton Park Residences will be able to benefit from nurseries, healthcare facilities, a yoga center, spa, cricket pitch, tennis courts and swimming pools located right on their doorstep. In addition to this, the master plan includes an extensive collection of restaurants, cafés and shops, as well as luxurious 4 and 5-star hotels, providing multiple options for leisure and entertainment.
The starting rental price for a 1-bedroom apartment of 476 sqft in MBR City Dubai is AED 33,000 annually. Meanwhile, ROI for this type of property is 4.8%. When calculating net profit, one should consider 5% VAT of approx. AED 1,700 and management fees of about AED 4,500. In this case, the expected rental yield amounts to AED 28,000 per annum.