Dubai Marina is one of the most sought-after areas in the city. It is very attractive for investors, end users, and tourists from all over the world. Stunning promenade views and a central location are just a drop in the bucket of the countless benefits of living in this place. A property for sale in Dubai Marina the UAE is designed specifically for people who need different amenities and important infrastructure facilities at a stone’s throw away, and for investors seeking a high return on their investments.
An overview of the community
Dubai Marina is an iconic community with a promenade, luxurious yachts, amenities, and close proximity to the Marina Mall and popular JBR Beach. Anyone who has had the opportunity to explore the area or see the stunning views from the tinted windows of local apartments understands why this place attracts investors, end-users, and tourists.
The district was created in 2003 through the collaboration of the Canadian company HOK and the real estate developer Emaar Properties. The developer has an international reputation for high quality residential and commercial units.
Dubai Marina is a fully developed community with a limited selection of new properties. This is one of the key reasons why local housing units are in great demand and remain in the leading positions in the Dubai market.
In 2014, the cost of real estate in Dubai Marina was at its peak and amounted to more than AED 19,000 per square meter. That time it increased by 100% compared to the prices of 2010-2011. Since then, they have adjusted by about 30-35%.
Let us consider the main pros of purchasing property in Dubai Marina.
Fast growing tourism industry
Despite the fact that over the past few years, a lot of foreigners have come to Dubai for permanent or long-term residence, the city is still one of the best tourist destinations in the world. Dubai Marina, in turn, continues to be at the top of the ranking of the most popular and sought-after locations among tourists. The reason for this success is the closeness to world-famous attractions, the developed transport infrastructure, and a broad range of all sorts of amenities.
High level of security
Dubai Marina is one of the safest communities in the city. Representatives of any section of society can come here and worry about nothing. In spite of the political upheaval all over the world, Dubai remains a haven for its citizens.
Buyers of real estate in Dubai Marina get access to a special lifestyle that reigns in the only truly pedestrian community. The local 10 km long walking path allows you to enjoy the promenade, tall skyscrapers, bustling public spaces, and impeccably maintained yachts and cruisers.
It is the standard of a coastal lifestyle with access to all amenities. The area is able to meet the needs of any property buyer, whether it is a young specialist working in the city center who needs an elite address for a good rest during their private time, a family looking for a safe environment for their children, or a foreigner who wants to enjoy all that the metropolis has to offer, without the need for personal transport.
In the community, you can easily organize quality recreation with the help of:
- a long zone for walking;
- numerous restaurants and bars;
- retail stores from international famous brands;
- swimming pools and gyms;
- a public beach.
It is strategically situated close to some of the most famous locations. Local residents can easily and quickly reach Dubai Media City, Dubai Internet City, and Dubai Knowledge Village on foot or by public transport.
Also, the neighbourhood is a perfect place for those who like to sunbathe, take a dip in the sea, or enjoy a camel ride along the beach. Residents of other communities will need about half an hour by car or taxi to get there. Residents of Dubai Marina can walk to the JBR public beach within minutes.
Demand for real estate
In the neighbourhood, the occupancy level of residential buildings is consistently over 90%. It remains one of the most popular areas. This is the reason it provides an excellent investment opportunity for buyers willing to rent out their premises all year long.
The average rent yield is 6-7% a year, which makes it the most profitable location to own a property. For comparison, Sydney, Toronto, Paris, Berlin, London, New York, and Singapore bring in an annual profit of about 3–4% from rentals.
Assistance with purchasinga property in Dubai Marina
In order to get help with acquiring a housing unit in the Dubai Marina community or any other investment-attractive location in the metropolis, please contact AX Capital directly. Clients of a well-known agency in the UAE can count on advice concerning any issue of interest to them, full support during the real estate transaction, and high-quality after-sales service.