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This article from the Dubai Home website will provide comprehensive information about the apartment for sale in Dubai Marina. Due to the excellent location of Dubai Marina, many foreign investors who want to invest in real estate in the United Arab Emirates are looking for apartments for sale in Dubai Marina to obtain residence in the UAE.
If you have seen the Dubai Marina area even once during your trips to the UAE, you know that apartment for sale in Dubai Marina is an excellent opportunity for foreign investors. Buying a property in the Marina area of Dubai offers you a series of new constructions in the form of apartments, towers, houses, and villas. You may be interested to know that buying a home in Dubai Marina is compared to Beverly Hills in Los Angeles.
Of course, this is Dubai’s specialty. We all know Dubai as luxurious, expensive, and the best. There are so many fans of investing in Dubai real estate due to the better and better quality of life in this Muslim city. Dubai is a free zone and, along with Abu Dhabi, is the only city where it is possible to obtain UAE residency by purchasing a property.
Along with the Jumeirah area of Dubai, also known as Palm Jumeirah and its beach, buying a house in Dubai Marina is another excellent option for property buyers in Dubai. We provide complete information about the prices of apartments in the Dubai Marina area.
If you are looking for the best apartment in the Dubai Marina area to buy an apartment, we must point out that Dubai Marina is one of the best areas to purchase property for the discerning, with beautiful villas and plenty of restaurants as retail outlets. Has become. This area was inspired by the Concord area in Vancouver, Canada, which has an artificial channel and is built along 3 kilometers of the Persian Gulf coastline. Most of the skyscrapers in this area, including the Princess Tower, considered one of the tallest residential buildings in the world, are located in this area, so there is a large population.
Apartments for sale in Dubai Marina
Dubai Marina offers many apartments for sale, so you can easily find your dream property. Over 200 residential towers can be found there, with beautiful city and harbor views from the towers.
In fact, since many buildings in this community form part of Dubai’s iconic skyline, it is often referred to as the world’s tallest development.
Although apartments are the majority of housing options in Dubai Marina, villas and apartments are also available.
You should thoroughly learn the Dubai Tenancy Law before purchasing a villa for rental purposes.
A variety of apartment types can be found in this community, including studios, one-bedrooms, two-bedrooms, three-bedrooms, and four-bedrooms, down to luxurious penthouses in Dubai Marina. The penthouses can be anything from five bedrooms to seven bedrooms.
Apartment buildings provide common facilities such as a fitness center, parking area, and security in addition to a spacious living area kitchen and an en-suite bathroom in the bedroom.
A variety of 2- to 6-bedroom apartments can be found in Dubai Marina, ranging from 2,450 square feet to 9,600 square feet. There is a spacious living room, a well-equipped kitchen, a maid’s room with a bathroom, a powder room, and a storage room in the villas. In addition to that, there are parking facilities and rooftop terraces.
There are various types of apartments in the Dubai Marina for rent that are suitable for small- to medium-sized families. You can look for apartments suitable for single people if you are single.
Apartment rentals start at AED 27K for studios and can reach up to AED 800K for one bedroom. Rents for two bedrooms start at AED 50K, while the three bedrooms range from AED 70K to AED 350K. The price of a one-bedroom apartment starts at AED 27K for studios and can reach up to AED 800K for one-bedroom apartments.
Nevertheless, four and five-bedroom deluxe apartments are uncommon in Dubai Marina. However, there are many large apartments in the neighborhood. The large luxury apartments have amenities like separate servants, private pools, elevators, etc. For a 4-bedroom flat, the rent is around 186K, and for a 5-bedroom penthouse, it can be between AED 229K and AED 850K.
The studio one tower and the princess tower are two of the most well-known buildings in the Dubai Marina community that may interest you when renting apartments there. They are known as the best buildings in the area to rent apartments.
Studio One Tower is one of Select Properties’ freehold residential developments in Dubai. Studio One Tower offers several options for you to choose from. A one-bedroom apartment at Studio One Tower costs approximately 50K AED in contrast to a two-bedroom apartment costing between 75K and 91K AED.
The Princess Tower, one of the tallest residential towers in the community, has apartments with two and three bedrooms and penthouses with four bedrooms. The rent for a two-bedroom apartment starts at AED 62K, and the rent for a four-bedroom penthouse range from AED 195K to AED 280K.
Apartments Sale Prices in Dubai Marina
Many freehold property projects are available to foreign investors, meaning their investment can become theirs with full ownership.
Based on the current property sales trend in Dubai Marina, studio apartments sell for around AED 385K. One-bedroom apartments can cost between AED 480K and AED 2.5M. For 2-bedroom flats, the price is around AED 1.6M, and for 3-bed flats, the price is approximately AED 2.6M.
Four-bedroom apartments can range in price from AED 1.6M to AED 25M, depending on their quality. The more expensive units usually come furnished.
5-bedroom penthouse apartments range in size from 3,617 square feet to 15,320 square feet, and the selling price for penthouses can range from AED 7.1M to 49M, depending on the luxury level.
Famous Buildings to buy apartment in Dubai Marina
At Dubai Marina, you will find some of the world’s tallest skyscrapers, including some of the world’s largest residential towers, all of which bear unique characteristics.
Foreigners can access details about Dubai Marina from various public resources, such as the Dubai Marina buildings map, which can provide them with information about the buildings in Dubai Marina.
If you are considering renting or buying a house in Dubai Marina, you can choose one of the famous buildings.
It is reported that Marina Diamond is the most popular residential complex in Dubai Marina. The complex contains six mid-rise residential buildings, which contain many apartments, such as studios, one-bedroom, and two-bedrooms.
Typically the rent of a studio apartment in the complex starts at AED 28K, while the rent for an apartment with a bedroom starts at AED 35K and goes up to AED 52K. The rent of an apartment with a two-bedroom apartment starts at AED 55K per month.
The DEC Tower is another of Dubai Marina’s most famous towers that consists of two buildings with studios, one, two, and three bedrooms. Therefore, the residential tower could be an ideal place to rent or buy an apartment in Dubai Marina. According to current trends, the price for a 1-bedroom apartment starts at AED 599K, while the price for a 2-bedroom apartment is between AED 799K and AED 1.2M.
Dubai Marina Towers is another famous tower, also known as Emaar 6, which houses several apartments ranging from 1 to 4 bedrooms and townhouses ranging from 3 to 4 bedrooms.
Advantages of buying an apartment in Dubai Marina
In examining the advantages and disadvantages of investing in an apartment in Dubai Marina, it is also important to pay attention to the tax issue. Investing and buying property in Dubai has many advantages for applicants; because there is no income tax for investors. Therefore, there is no need to pay taxes to buy, sell and rent property in Dubai Marina. In other words, investors are exempt from taxes. But let’s compare European countries with the UAE. We will find that the amount of income tax reduces investors’ profits.
In the UAE, the exchange rate is relatively stable. Unlike many countries, the inflation rate is lower yearly than in the past. This issue has made many foreign investors interested in living in this country and investing in the UAE real estate sector.
There are many ways to earn money by investing in Dubai Marina apartments. For example, many apartment owners rent their property for a certain period because the rent in this city is 8-10% higher than in other cities worldwide. Therefore, you can get a significant income by renting the property.
Among the advantages of buying a property in Dubai Marina are the very high security of this city, suitable business policies, excellent access routes through air and sea lines, and a low crime rate.
Frequently asked questions about an apartment for sale in Dubai Marina.
If you want to buy an apartment in the Dubai Marina area and live there, you have to pay an amount of about 27 thousand to 39 thousand dollars annually. If you need more than just living in luxurious apartments, you can find cheaper apartments in this area.
