42 East Residences

42 East Residences — Gramercy's Waterfront Vision on Dubai Islands

TL;DR Snapshot

| Detail | Info | |---|---| | Project | 42 East Residences | | Developer | Gramercy Development | | Location | Dubai Islands, Dubai | | Status | Under Construction | | Completion | Q2 2028 | | Unit Types | Studio, 1 Bedroom, 2 Bedroom | | Price Range | AED 1,880,000 – AED 4,200,000 | | Payment Plan | 20% Down / 40% During Construction / 40% On Handover | | Setting | Waterfront, Dubai Islands | | Amenities | Gym, Pool, Waterfront, Kids Play Area, Central A/C, CCTV, Lobby |

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42 East Residences — Gramercy's Waterfront Statement on Dubai's New Islands

42 East Residences by Gramercy Development is a premium waterfront residential development under construction on Dubai Islands — the five-island coastal master plan north of Deira that represents Dubai's most significant beachfront expansion in over a decade. Offering Studios, 1-Bedroom, and 2-Bedroom apartments with waterfront positioning, shared pool, gymnasium, and children's play area, 42 East Residences delivers a contemporary coastal living experience in one of Dubai's most exciting new residential destinations.

The name "42 East" carries geographic and aspirational significance — rooting the development in its precise meridian position at the eastern edge of Dubai's coastal development story, where the old city meets the new, and where the Arabian Gulf's timeless water meets Dubai's most forward-looking urban vision.

Gramercy Development — named for the iconic New York neighbourhood known for its townhouse character, cultivated residents, and quiet urban prestige — brings an ethos of considered quality and understated luxury to Dubai Islands' emerging waterfront residential market.

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Dubai Islands — Dubai's New Coastal Chapter

Five Islands, Unprecedented Beachfront Vision

Dubai Islands is the master plan transforming five natural islands in the Deira coastal zone into a world-class waterfront destination:

• Total area: Approximately 17 km² across five islands
• New beach frontage: 20 km of natural and developed beach — Dubai's most significant coastline addition since Palm Jumeirah
• Hotel commitments: Multiple five-star international hotel brands secured
• Residential development: Branded and non-branded communities across all five islands
• Marina infrastructure: Boat berths, yacht clubs, and water sports facilities
• Beach clubs: Premium leisure destinations modelled on global coastal lifestyle benchmarks
• Retail and dining: Coastal lifestyle retail and restaurant infrastructure

Dubai Islands is conceived as a destination that combines year-round hospitality, residential community, and natural coastal beauty — adding a genuinely new typology of address to Dubai's real estate landscape.

Dubai Islands' Market Position

Positioned north of Deira, Dubai Islands bridges old Dubai's heritage character with the emirate's forward-looking coastal vision. The proximity to Deira's historic Gold Souk, spice markets, and cultural landmarks adds a layer of authentic Dubai context that newer southern developments (Palm Jumeirah, Dubai Marina) cannot replicate.

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Location Intelligence — Dubai Islands' Connectivity

Deira-Adjacent, Globally Connected

| Destination | Approximate Drive Time | |---|---| | Deira City Centre | 10–15 minutes | | Dubai International Airport (DXB) | 15–20 minutes | | Gold Souk / Spice Souk | 12–15 minutes | | Dubai Frame | 20–25 minutes | | Downtown Dubai / Burj Khalifa | 20–25 minutes | | Business Bay | 22–27 minutes | | Dubai Marina | 30–35 minutes | | Sharjah | 25–30 minutes |

Airport Proximity Advantage

Dubai Islands' proximity to DXB Airport — 15–20 minutes — creates a meaningful lifestyle advantage for frequent international travellers, airline crew, and business professionals who prioritise minimising airport commute time. This demographic is a consistent buyer and tenant segment for Dubai Islands' residential developments.

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42 East Residences — The Waterfront Proposition

Waterfront Living — What It Actually Means at 42 East

"Waterfront" at 42 East Residences means:

• Water views from residences — Unit orientations maximising Arabian Gulf and coastal outlook
• Walking distance to beach — Direct pedestrian access to Dubai Islands' developing beach infrastructure
• Marine activity access — Proximity to Dubai Islands' marina and boat facilities
• Coastal community character — A residential environment where the sea is a daily constant, not a weekend destination

Unit Configuration

| Unit Type | Price From | Profile | |---|---|---| | Studio | AED 1,880,000 | Investment, short-term rental, solo coastal living | | 1 Bedroom | Mid-range | Couples, professionals, premium investment | | 2 Bedroom | Up to AED 4,200,000 | Small families, premium waterfront buyers |

Interior Design

42 East Residences' interiors are designed to complement the waterfront setting:

• Coastal aesthetic — Light-toned natural materials, open-plan layouts, and generous glazing maximising water views
• Central A/C — Year-round climate comfort
• Professional lobby — Curated entrance experience befitting the waterfront address
• Balcony designs — Outdoor living areas positioned to maximise sea and coastal views

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Building Amenities

42 East Residences delivers the amenity infrastructure for waterfront community living:

Leisure & Recreation

• Shared Pool — Outdoor pool with waterfront setting
• Gymnasium — Fitness facility for active residents
• Children's Play Area — Dedicated outdoor play infrastructure

Infrastructure & Security

• Central A/C — Building-wide climate management
• CCTV Cameras — Comprehensive security surveillance
• 24/7 Security — Professional access control and monitoring
• Covered Parking — Allocated resident parking
• Lobby — Professional building entrance management

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Payment Plan — 20 / 40 / 40

| Milestone | Percentage | |---|---| | Down Payment | 20% | | During Construction | 40% | | On Handover (Q2 2028) | 40% |

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Investment Case — Dubai Islands' Early-Entry Premium

Waterfront Scarcity in Dubai

Dubai's total waterfront and beach-facing residential supply is finite and largely absorbed by existing developments. Dubai Islands represents the most significant new coastal supply addition in over a decade — but this new supply is itself finite, making early-entry positions like 42 East Residences advantageous relative to subsequent development phases.

Hotel Anchor Effect

Dubai Islands' committed five-star hotel brands create a permanent hospitality-driven tourism and residential demand dynamic. As these hotels open and establish Dubai Islands as a global destination, surrounding residential values will reflect the address premium of living within a world-class hospitality environment.

Short-Term Rental Demand

Coastal residential units in Dubai Islands are positioned for premium short-term and holiday rental performance — driven by the universal tourist preference for beach and waterfront proximity, Dubai's growing tourist population, and the platform infrastructure (Airbnb, Booking.com) that makes self-managed short-term rental increasingly accessible.

Gramercy Development — A Quality-First Approach

Gramercy Development applies its New York neighbourhood inspiration — understated quality, considered design, and lasting value — to 42 East Residences. Their commitment to building quality assets, not just marketable ones, positions 42 East for enduring value retention within Dubai Islands' competitive waterfront landscape.

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Summary

42 East Residences by Gramercy Development is a waterfront residential offering on Dubai Islands — Studios through 2-Bedrooms from AED 1.88M, positioned on one of Dubai's most exciting new coastal master plans, with shared pool, gym, kids' play area, and professional lobby, completing Q2 2028 on a 20/40/40 payment plan. As Dubai Islands' hotel infrastructure opens and the coastal community matures, 42 East Residences buyers are positioned to benefit from the address premium of waterfront living in a new district being built to global coastal lifestyle standards — at an early-entry price that reflects the development phase rather than the destination's ultimate premium.