Two towers rising 33 and 40 storeys, 1,142 fully furnished units, and a 3-year post-handover payment plan inside one of Dubai's most employment-anchored freehold communities. Skyhills Residences at Dubai Science Park, developed by HRE Real Estate Development with OCTA Properties, opens from AED 0.76 with Q4 2026 handover. For buyers positioning ahead of completion with a captive tenant base already in place, the math is worth examining closely.
Skyhills Residences is a twin-tower development in Dubai Science Park (DSP), a TECOM Group free zone anchored by over 3,000 science, pharma, and biotech professionals. The project is developed by HRE Real Estate Development founded in Sharjah in 2003 as a construction company and transitioned into real estate development in the past three years, with a portfolio of 200 completed projects housing 12,000+ families in partnership with OCTA Properties. Architecture is by QHC Architects & Engineering with NGS. The positioning is straightforward: furnished rental stock in a free zone community where tenant demand is employment-anchored rather than speculative.
The inventory runs from studios at 437-646 sq.ft, 1-bedroom apartments at 611-1,015 sq.ft, 2-bedroom layouts at 1,005-1,335 sq.ft, and 3-bedroom apartments and duplexes up to 2,519 sq.ft. Total unit count is 1,142 across the two towers. All units are fully furnished at handover an unusual specification for Dubai mid-market stock and a material advantage for short-term and corporate rental strategies, where furnished stock commands 15-25% rate premiums over unfurnished. Floor-to-ceiling windows, balconies on most units, and standard modern finish levels round out the specification. Panoramic skyline views from the upper floors are the unit feature most resident and rental preview feedback has highlighted. The 3-bedroom duplexes at the top tier offer the largest format and strongest capital appreciation exposure within the building stack.
The amenity deck is resort-scale rather than building-basic: a 352-metre jogging track, a beach pool with sun loungers, a lazy river pool, a lap pool, a kids' pool, a beach volleyball court, indoor and outdoor gyms, yoga areas, a co-working space, spa and sauna, and an outdoor BBQ and seating terrace. DSP itself is part of Al Barsha South, accessible via Umm Suqeim Street (D63), Al Khail Road, and Sheikh Mohammed Bin Zayed Road. The nearest metro station is currently under construction a confirmed project driver for the district's long-term connectivity thesis. Dubai Hills and Jumeirah Village Circle border the community.
Dubai Science Park residential averages approximately AED 1,000-1,100 per sq.ft in 2025 for newer buildings, with the broader Dubai apartment average at AED 2,006 per sq.ft. Skyhills' effective PSF on a studio at AED 0.76M / 437 sq.ft works out to around AED 2,277 per sq.ft above the DSP average, which reflects the branded amenity deck, furnished specification, and post-handover payment advantage. DSP sales exceeded AED 250M over the trailing 12 months with over 600 rental transactions healthy liquidity for a district of this size. Apartments in nearby JVC trade at AED 1,572 PSF with 10.8% annual price growth; DSP tracks a similar trajectory at a comparable price point.
Direct comps in the district: Binghatti DSP and Montrose Residences by Deyaar both deliver 1-3 BR product at similar PSF but without the extensive amenity programme or furnishing. Vincitore Aqua Flora and Aqua Dimore Phase 2 target the same DSP demographic at premium finish tiers but smaller amenity decks. Skyhills Astra, HRE's sister project in the same district, launches at AED 700K-850K with a 20/15/25/40 post-handover plan smaller entry, different unit mix, longer handover timeline. Skyhills Residences differentiates on three axes: furnished handover, resort-grade amenities, and a distinctive 3-year post-handover payment plan that meaningfully reduces upfront capital commitment. For direct format comparison on price and delivery date, Binghatti DSP is the closest peer, trading at a lower entry without furnishing or the lazy river and beach pool deck.
Dubai Science Park delivers 6.5-8% gross rental yields for studios and 1-bedroom apartments, driven by the captive base of 3,000+ science sector professionals employed within the free zone. Service charges at AED 8-15 per sq.ft are moderate relative to JVC and Arjan, keeping the gross-to-net gap tighter. Units valued at AED 2 million or above qualify for the UAE's 10-year Golden Visa the larger 2 and 3-bedroom formats cross this threshold, studios and smaller 1-bedrooms sit below it. 0% capital gains tax, 0% rental income tax, and RERA escrow protections apply throughout. The 3-year post-handover payment plan is the standout financial structure enabling rental income to offset installments during the post-handover stabilisation period.
Who this suits well: yield-focused investors who want a furnished rental product near a confirmed metro station and an employment-anchored tenant base, first-time Dubai investors deploying capital over 4-5 years via the post-handover plan, NRI buyers who want a mid-market rental unit delivering cash flow while installments run, and end-users who want a turnkey residence without furniture outlay. Who should look elsewhere: buyers prioritising premium branded finish (HRE is solid but not branded), buyers needing immediate rental income (Q4 2026 handover is still months out), and buyers uncomfortable with a developer whose track record in real estate (as distinct from construction) is recent HRE transitioned from construction into development only three years ago, though the 200-project construction portfolio supports delivery capability.
The core decision here is the payment plan fit. A 20% booking deposit, 30% during construction, and a 3-year post-handover tail structure changes the effective yield math materially your first rental cheques can fund a meaningful portion of the tail installments, which compresses the effective break-even horizon. The Q4 2026 handover is close enough to make the timeline tangible rather than speculative. For investors modelling net cash flow over a 5-year hold with rental stabilisation factored in, this structure deserves serious examination. Speak to the Dubai Housing team for current unit availability by size, tower, and view exposure, plus a personalised cash flow projection
Skyhills Residences offers fully furnished studios (437-646 sq.ft), 1-bedroom apartments (611-1,015 sq.ft), 2-bedroom apartments (1,005-1,335 sq.ft), and 3-bedroom apartments and duplexes (up to 2,519 sq.ft) across two towers of 33 and 40 storeys.
The amenity deck at Skyhills is notably wider than typical mid-market apartment stock in Dubai. The signature features are the multi-format pool offering beach pool, lazy river, lap pool, and kids' pool plus a 352-metre dedicated jogging track and a beach volleyball court. A co-working space addresses the remote-work demographic directly, which aligns with DSP's science-sector tenant base. For short-term and corporate rental strategies, this amenity density supports a rate premium over nearby buildings. All amenities are project-exclusive across the two towers, sized for the 1,142-unit resident base.
Dubai Science Park sits within Al Barsha South, with direct access via Umm Suqeim Street (D63), Al Khail Road (E44), and Sheikh Mohammed Bin Zayed Road (E311). DSP is a TECOM Group free zone dedicated to science, pharma, biotech, and renewable energy, anchored by 3,000-plus employed professionals who form a captive rental tenant base. Nearby communities include Dubai Hills Estate (12 minutes), JVC, Arjan, and Motor City. The nearest metro station is currently under construction and will materially improve the district's long-term connectivity. The 2040 Urban Master Plan identifies free zone communities as stable mid-term growth corridors, and DSP's employment-anchor thesis differentiates it from speculative residential districts. For investors, the captive tenant base is the structural advantage.
Content Reviewed By: Vikas Taneja — RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
Here you will find different apartments based on the new layout to get the core use of this space and even the site offers a modern and comfortable touch.
Yes, it is worth investing in this property because of its location where one can meet more than 7% ROI, and even the property which comes with an attractive price Creates a good opportunity for the investors and home buyers to buy their apartment in this housing.
Hijazi Development is the builder who has created this comfort and premium society to create the right balance of luxury and comfort where it improves livability, and along with this robust structure Adds a better life to the property.
This housing is located in the Dubai Science Park community which is situated away from the city spot where the idea is to bring a peaceful ambience creating a family friendly zone, and as the demand is higher in this community for apartment so it ensures more than 7% ROI that makes it a fair deal.
As it is a freehold property where 100% ownership can be enjoyed by any buyer for whom this property turns out to be a perfect spot for both investment and living perspective.
Limited Period: Free DLD Waiver on select units
