Projects in Marina
For those interested in buying an apartment in Dubai Marina, the average cost for a studio is AED 600,000 (USD 164,000), while the price for a one-bedroom apartment starts at AED 950,000 (USD 259,000). The prices of villas vary from AED 2,200,000 to AED 15,000,000 (USD 599,000 to USD 4,084,000).
Some of the most popular projects for buying property in Dubai Marina are Escan Marina Tower and Mag 218 Tower.
Escan Marina Tower is one of the finest modern buildings in the area. The building comprises 32 storeys with a total of 397 residential units, which include studios and apartments with one to three bedrooms, and a four level underground parking. Property prices here start from AED 550,000 (USD 150,000).
Mag 218 Tower is a 66-store tower featuring 555 non-proprietary residential units that include 2-3-bedroom apartments. The tower houses several retail outlets, seven floors of parking spaces, a health club, a public event hall, and easy access to public transport. The price of property in Mag 218 Tower starts from AED 1,000,000 (USD 273,000).
About Dubai Marina
Dubai Marina is a trendy area in the southwest part of the city, developed by Emaar Properties. It's a massive waterfront community with hotels and over 200 residential buildings, including some of the tallest towers like the 88-storey 23 Marina Tower and the iconic Princess Tower with 101 floors.
Considered both a place to live and a vacation spot, Dubai Marina is famous for its long canal that stretches over 11,482 feet and connects to the sea. Along the waterfront, you'll find lots of restaurants, cafes, and places to walk, bike, or jog. There's also a marina for boats and the Dubai Marina Mall, which has shops, cinemas, hotels, and entertainment options. It's a bustling and prestigious area known for its modern vibe and stunning views.
Property Information
In Dubai Marina, renting a studio apartment typically costs around AED 42,500 (USD 11,600) per year, while one-bedroom apartments go for about AED 60,000 (USD 16,300) annually. If you need more space, two-bedroom apartments rent for around AED 90,000 (USD 24,000) per year. There are also villas available with 2 to 6 bedrooms, ranging from 2,443 sq. ft to 9,590 sq. ft, and renting for AED 120,000 to AED 420,000 (USD 33,000 to USD 115,000) annually.
For instance, you can rent a fully-furnished studio in Marina Diamond 5 for AED 48,000 (USD 13,000) per year. One-bedroom apartments at Marina Gate 2 range from AED 75,000 (USD 21,000) to AED 90,000 (USD 25,000) per year. If you prefer a larger space, a penthouse with four bedrooms in Marina View can be rented for AED 150,000 (USD 41,000) per year. These buildings are conveniently located near metro stations, tram stops, beaches, and shops.
Advantage of Living in Dubai Marina
Living in Dubai Marina comes with the perk of its convenient location, with easy access to major roads like Al Sufouh Rd and Sheikh Zayed Rd, linking all seven emirates. Plus, it's close to key areas like Jumeirah Lakes Towers, Dubai Media City, JBR, and Palm Jumeirah, all just a short 10-15 minute drive away.
While Dubai Marina doesn't have many schools nearby, there are plenty in neighboring areas like Al Sufouh, Umm Suqeim, and Al Barsha, all within a 15-minute drive. These schools offer various curricula like Indian, British, and American. And for parents with little ones, there are lots of kindergartens nearby, some even within walking distance inside and outside Dubai Marina
Entertainment
Dubai Marina Walk is a fantastic spot for outdoor activities like walking, jogging, or biking, stretching over 22,965 feet. You'll find lots of gyms, spas, shops, and restaurants nearby, as well as areas to relax or play. Throughout the year, there are fun events for all ages, including markets in the winter.
At The Beach at JBR and Marina Beach, there's something for everyone. You can try water sports, like parasailing or wakeboarding, rent a boat, or join a ferry tour. It's a great place to have fun and enjoy the outdoors.
Back in 2017, Dubai Marina welcomed XLine, the world's longest urban zipline. It's a thrilling ride for adventure seekers, starting from the top of Amwaj Towers and zipping across the canal to the roof of Dubai Marina Mall. The attraction is open every day and is perfect for extreme sports fans, with speeds reaching nearly 50 miles per hour over the water.
Economic Attractiveness
The latest reports on the Dubai property market show that Dubai Marina remains a top choice for buying and renting property. With a wide range of affordable and luxurious options available, people can find the perfect type of property for their needs, whether it's a studio, apartment, penthouse, villa, or even an entire building.
The best returns on investment in Dubai Marina come from studios and one-bedroom apartments, offering around 6.4% and 6.2% annually. Two- and three-bedroom apartments follow closely with returns of 5.7% and 5.3% respectively. Larger apartments with 4-5 bedrooms can yield up to 4.5% annually.
Many buyers prefer smaller properties like studios and one-bedroom apartments in Dubai Marina because they can make more money from renting them out. This is especially true since Dubai Marina is only a 30-minute drive from the World Expo 2020 exhibition site.
When it comes to buying villas or townhouses, the return on investment works differently compared to studios and apartments. In this case, the more bedrooms, the higher the potential income. For example, a five-bedroom house offers the highest profitability at 5.2% annually, followed by four-bedroom units at 4.2%. Meanwhile, two and three-bedroom units generate returns of 3.2% and 4.1% respectively.
Additionally, according to the Dubai Land Department (DLD) data from February 2021, there are over 95,000 housing units being built across Dubai, with 5,781 of them located in Dubai Marina. The community ranks third among the top five areas for buying off-plan real estate and holds the first position for ready property.
Contact Us
Kingdom Capital Real Estate
admin@thekingdom.ae
800 MyKingdom
Office 513, AB centre, sheikh Zayed road, Dubai, UAE
Dubai Marina
