Island Park II
- Completed 2025
- 13 floors
- 4 lifts
- 216 parking bays
- 1 pool
- Master developer The Lagoons Phase One
A 2 bed in Island Park II costs a median AED 2.70M, rents long-let for AED 160,000/yr (5.9% gross), and returns 7.0% short-term at the assumed 70% occupancy.
2 bed · typical price
2.70MAED
AED 2,473/sqft · +13.5% on a year
- Rent a year
- AED 160,000
- Yield after service charge
- 5.0%
- vs Dubai Creek Harbour
- 7% above the median
Cost to buy, all inAED 2.87M
- Price
- AED 2.70M
- DLD fee 4%
- AED 108,000
- Agent 2% + VAT
- AED 56,700
- Trustee
- AED 4,200
Fees repaid by net rent15 months
Is Island Park II a good investment?Rents rising, prices rising, easy to sell and little new supply nearby, with nothing to watch
- Does it pay a good rent?5.9% gross, 5.0% after the service charge (Dubai median 6.8%)5.9%Fair
- Is it easy to let?47% of units signed a yearly lease in 12 months; the typical Dubai Creek Harbour building manages 0%47%Fair
Dubai Creek Harbour median 0% · top tenth from 52%Island Park II · 47% Across 17 Dubai Creek Harbour buildings with 40 or more units, the median signed annual leases on 0% of units in 12 months and the top tenth on 52% or more; Island Park II is at 47%.
- Are rents going up?New 2 bed leases: AED 150,000 a year ago, AED 160,000 now+6.7%Strength
- Are prices going up?2 bed: AED 2,179/sqft a year ago, 2,473 now+13.5%Strength
- How fast do fees pay back?AED 168,900 in fees to buy a 2 bed; net rent covers it in 1.3 years1.3 yrsFair
- Can I sell easily?32 sales in 12 months, 21% of the tower (67 the year before)32Strength
- Is a lot being built nearby?905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today. Dubai Creek Harbour supply by year →15%Strength
- Did earlier buyers gain?Up 46% for launch buyers, before fees+46.4%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Island Park II prices and rents by unit typeA two-bed costs about AED 2.70M and rents for about AED 160,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · Dubai Creek Harbour · area median AED 2,301/sqft
- 12-month change
- +13.5%
- 3 years
- +25.3% · +7.8%/yr
- vs area median
- +7.5%
- Rank by price per sqft
- 20th of 76
- Off-plan price gain, 2022–2025
- +40.2% · +14.5%/yr
Rental income
2 bed · Dubai Creek Harbour
- Gross yield
- 5.9%
- Median new rent
- AED 160,000/yr
- Yield vs area median
- +0.5 pts
- Yield vs Dubai (6.8%)
- -0.8 pts
- Yield rank
- 14th of 59
- Renewal rent
- AED 151,083/yr
- New tenants pay vs sitting (8 renewals)
- +5.9%
Short-term income
2 bed · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 962
- Net revenue
- AED 189,383/yr
- vs long-let rent
- 1.2×
- Listings seen
- 15+
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, 2 bed: Aug 2022, AED 1,793,492; latest, Aug 2026, AED 2,400,000; peak, Oct 2025, AED 2,700,000. Rent on new leases: Jun 2025, AED 160,000 a year; latest, Oct 2026, AED 146,250.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,457 · before fees
- Launch, 2022–25
- 1,679
- +46%
- 175 sales
- 3 years ago
- 1,931
- +27%
- 40 sales
- Previous 12 months
- 2,229
- +10%
- 67 sales
- Last 12 months
- 2,457
- today
- 32 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
32 resales in the last 12 months, against 58 a year on average over 2023–2025.
32 resales in the last 12 months.
Short-term rates around Island Park II
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Dubai Creek Harbour
Every Dubai Creek Harbour building with a page, ranked by price per sqft over the same 12 months, all unit types. Island Park II places 27th of 104; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Island Park II (AED 2,457/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Island Park II has registered sale prices 7% above the Dubai Creek Harbour median price per square foot of 2,301 AED, across 76 eligible buildings. It ranks 20th of 76 by price per square foot and 14th of 59 by gross yield in Dubai Creek Harbour.
Market context in Dubai Creek Harbour
Registered sales activity
1,285 ready apartment sales in the 12 months to 2026-10-12.
+2.5% in median AED/sqft versus the preceding year, supported by 1,285 current and 1,419 prior price observations.
Explore sales activityPlanned apartment projects
0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 4 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today.
Ready prices per sqft fell in 27% of 63 buildings (counted once per bedroom type) in Dubai Creek Harbour with sales in both years; the typical one moved +2.7%.
New-lease rents fell in 44% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved 0.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Island Park II
Island Park II is an apartment building completed in 2025 by The Lagoons Phase One in Dubai Creek Harbour. 344 sales are registered with the Dubai Land Department.
The building, as registered
- Service charge
- AED 24.18/sqft a year · 2026 budget
- Floors
- 13
- Lifts
- 4
- Parking bays
- 216
- Pools
- 1
- Master developer
- The Lagoons Phase One
Drive times · typical
- Downtown
- 19 min · 13 km
- DXB Airport
- 13 min · 6.9 km
- DIFC
- 16 min · 16 km
- Dubai Marina
- 27 min · 31 km
- Palm Jumeirah
- 33 min · 35 km
Nearest, as registered
- Metro
- Creek Metro Station
- Mall
- City Centre Mirdif
- Landmark
- Dubai International Airport
Island Park II: AED 2,457 per sq ft, 7% above the median Dubai Creek Harbour building, and a 5.7% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Island Park IIAED 2,457
- Dubai Creek Harbour, readyAED 2,348
- Dubai Creek Harbour, off-planAED 2,616
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Island Park IIDubai Creek Harbour median building
- Dubai Creek Harbour5.7% vs 5.3%
More from The Lagoons Phase One
The Grand
Dubai Creek Harbour · 85 sales, 12 months
3.26M
AED, resale median · 2,754/sqft
Palace Residences - North
Dubai Creek Harbour · 81 sales, 12 months
2.55M
AED, resale median · 2,649/sqft
Creek Palace
Dubai Creek Harbour · 47 sales, 12 months
3.08M
AED, resale median · 2,765/sqft
Creek Waters
Dubai Creek Harbour · 46 sales, 12 months
2.69M
AED, resale median · 2,348/sqft
Nearby in Dubai Creek Harbour
Prices per sq ft around Island Park II, on the mapPrices per sq ft around Island Park II, on the map
The Grand
Dubai Creek Harbour · 85 sales, 12 months
3.26M
AED, resale median · 2,754/sqft
Palace Residences - North
Dubai Creek Harbour · 81 sales, 12 months
2.55M
AED, resale median · 2,649/sqft
Creek Beach - Moor Building 4
Dubai Creek Harbour · 50 sales, 12 months
2.40M
AED, resale median · 2,294/sqft
Creek Palace
Dubai Creek Harbour · 47 sales, 12 months
3.08M
AED, resale median · 2,765/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedOn record
- Rental evidence · 2 bedOn record
- Service chargeAED 24.18/sqft a year, 2026 owners-association budget; 5.0% yield after it. Confirm against the latest invoice.On record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Island Park II’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 12,006AED
- 4.5% over 25 years
- Monthly rent
- 13,333AED
- AED 160,000 a year
- Cash needed at purchase
- 738,900AED
- 20% down plus AED 198,900 in fees
Owning costs AED 559,912 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Island Park II?
- Island Park II returns 5.9% gross: a median new-contract rent of AED 160,000 a year (32 Ejari contracts in 12 months) over a price benchmark of AED 2.70M (median of 12 sales in the last 12 months, latest Aug 2026), before service charge, agency fees or vacant months.
- How much does a 2 bedroom in Island Park II cost?
- The median registered sale price is AED 2.70M (2,473 AED/sqft), from 12 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Island Park II selling for right now?
- Registered sales of ready units in Island Park II over the last 12 months have a median of 2,473 AED/sqft, across 12 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Island Park II risen or fallen?
- Median price per square foot moved +13.5% over the last 12 months against the 12 before it, on 12 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does Island Park II compare with Dubai Creek Harbour?
- Its 5.9% gross yield sits +0.5 pts against the Dubai Creek Harbour median of 5.4%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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Island Park II sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 12 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/dubai-creek-harbour/island-park-ii
Cite as: Dubai Wealth Index. “Island Park II sale prices and yield.” Dubai Creek Harbour, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/dubai-creek-harbour/island-park-ii
Stable dataJSON