Off-plan property investment is a type of real estate investment where the buyer purchases a property before it is completed or even before the construction begins.
Off-plan property in Dubai is usually sold at a lower price than the market value, and offer the potential for capital appreciation and rental income.
Off-plan properties in Dubai Marina are among the most sought-after and lucrative investments in Dubai, as they are located in one of the most vibrant and scenic waterfront communities in the city.
About Dubai Marina
Dubai Marina is a man-made canal city that stretches along 3 km of the Arabian Gulf shoreline. It is one of the largest and most prestigious residential and commercial developments in Dubai, offering a cosmopolitan lifestyle with a variety of amenities and attractions.
Dubai Marina features over 200 high-rise towers, including some of the tallest and most iconic buildings in the world, such as Marina 101, Cayan Tower, Princess Tower, and Elite Residence.
Dubai Marina also boasts a stunning marina with over 500 berths, a waterfront promenade with cafes, restaurants, and shops, and a tram system that connects to the Dubai Metro.
How Is The Off-Plan Property Market In Dubai Marina?
Off-plan property is a term used to describe properties that are sold before they are completed or even started. Off-plan property is usually cheaper than ready property, as developers offer discounts and incentives to attract buyers and investors. Off-plan property also offers the opportunity to customize the property according to the buyer’s preferences and specifications.
What Are The Benefits Of Off-Plan Property In Dubai Marina?
The off-plan property market in Dubai Marina is one of the most active and attractive in Dubai, as the area is a prime waterfront destination with high demand and limited supply.
Dubai Marina offers a range of off-plan properties, from off plan apartments, off plan penthouses to villas and off plan townhouses, with stunning views of the marina, the sea and the skyline. Some of the benefits of off-plan property in Dubai Marina are:
- High capital appreciation: Off-plan properties in Dubai Marina can increase in value significantly as the project progresses and nears completion, especially if the market conditions are favorable. Buyers can benefit from selling their off-plan properties at a higher price than they paid, or holding them for long-term returns.
- High rental yields: Off-plan properties in Dubai Marina can also generate high rental income, as the area is popular among tourists, expats and locals who seek a vibrant and luxurious lifestyle. Dubai Marina has a variety of amenities, facilities and attractions that appeal to tenants, such as malls, restaurants, cafes, hotels, beaches, parks and entertainment venues. According to Bayut & dubizzle’s Dubai Annual Rental Market Report for 2021, Dubai Marina was the most searched-for area to rent luxury apartments in Dubai, with an average ROI of 6.97%.
- Flexible payment plans: Off-plan properties in Dubai Marina usually offer flexible and attractive payment plans that make them more affordable and accessible for buyers and investors. Buyers can pay a small percentage of the property price as a down payment, and then pay the rest in installments over a period of time, usually until the handover date. Some developers also offer post-handover payment plans that allow buyers to pay after they receive their property keys.
- Quality and design: Off-plan properties in Dubai Marina are developed by some of the most reputable and renowned developers in Dubai, such as Emaar Properties, DAMAC Properties, Select Group, Meraas Holding and Sobha Group. These developers ensure that their projects meet the highest standards of quality, safety and sustainability, and offer innovative and modern designs that suit the preferences and needs of different buyers.
What Are The Disadvantages Of Off-Plan Properties In Dubai Marina?
Off-plan properties in Dubai Marina also have some disadvantages that buyers and investors should be aware of before making a decision. Some of the drawbacks of off-plan property in Dubai Marina are:
- Delayed completion: Off-plan properties in Dubai Marina are subject to construction delays that may affect the handover date and cause inconvenience for buyers and investors. Construction delays can be caused by various factors, such as market conditions, regulatory approvals, supply chain issues, labor shortages or force majeure events. Buyers should always check the developer’s track record and reputation, and read the sales contract carefully to understand their rights and obligations in case of delays.
- Lack of physical inspection: Off-plan properties in Dubai Marina are sold based on floor plans, brochures, models and mock-ups that may not reflect the actual size, layout, features and finishes of the property. Buyers cannot physically inspect or visit their off-plan property until it is completed or close to completion. This may result in dissatisfaction or disappointment if the property does not meet their expectations or match the promotional materials.
- Market fluctuations: Off-plan properties in Dubai Marina are exposed to market fluctuations that may affect their value and profitability. Market conditions can change due to various factors, such as supply and demand, economic performance, political stability, consumer confidence or global events. Buyers should always conduct thorough market research and analysis before investing in off-plan property in Dubai Marina, and be prepared for any potential risks or challenges.
What Is The ROI On Off-Plan Properties In Dubai Marina?
The ROI on off-plan properties in Dubai Marina depends on various factors, such as the location, type, size, price, quality and features of the property you invest in, as well as the market conditions, demand and supply, rental income and capital appreciation, some of the off-plan projects in Dubai Marina that offer high ROI are:
|LIV LUX Apartments
|Sobha Seahaven Apartments
|Marina Shores Apartments
|Vida Residences Dubai Marina
Why Is Dubai Marina Off-Plan Property Interesting For Real Estate Developers?
Dubai Marina off-plan property is interesting for real estate developers because:
- It allows them to secure funding and cash flow for their projects, as they receive payments from buyers and investors in advance or during the construction phase.
- It enables them to test the market demand and feedback for their projects, and adjust their plans and strategies accordingly.
- It gives them a competitive edge and a strong brand image, as they offer innovative and high-quality projects in one of the most prestigious and desirable locations in Dubai.
Why Is Dubai Marina Off-Plan Property Interesting For Real Estate Investors?
Dubai Marina off-plan property is interesting for real estate investors because:
- It offers them lower entry costs and higher returns, as they can buy off-plan properties at discounted prices and sell them at higher prices when the market appreciates or the project nears completion.
- It provides them with flexible and attractive payment plans, as they can pay in installments over a period of time, or benefit from post-handover payment plans that reduce their financial burden.
- It diversifies their portfolio and reduces their risk exposure, as they can invest in different types of off-plan properties in Dubai Marina, such as apartments, villas, townhouses or penthouses, with different features, views and amenities.
Why Is Dubai Marina Off-Plan Property Interesting For Off-Plan Buyers?
Dubai Marina off-plan property is interesting for off-plan buyers because:
- It allows them to customize their property according to their preferences and specifications, as they can choose the size, layout, design and finishes of their off-plan property before it is completed.
- It grants them access to a vibrant and luxurious lifestyle, as they can enjoy living in a prime waterfront destination with a range of amenities, facilities and attractions that cater to their needs and interests.
- It enhances their social status and prestige, as they can own a property in one of the most sought-after and exclusive neighbourhoods in Dubai.
What To Consider When Buying Off-Plan Properties in Dubai Marina?
Buying off-plan properties in Dubai Marina can be a rewarding and profitable investment, but it also requires careful consideration and due diligence. Here are some of the factors that buyers should consider when buying off-plan properties in Dubai Marina:
1. Developer reputation
The reputation and credibility of the developer is one of the most important factors to consider when buying off-plan properties in Dubai Marina. Buyers should research the developer’s background, track record, financial stability, and customer satisfaction.
Buyers should also verify the developer’s escrow account, which is a legal requirement for off-plan projects in Dubai. The escrow account ensures that the buyer’s payments are protected and used only for the construction of the project.
2. Project location
The location of the project is another key factor to consider when buying off-plan properties in Dubai Marina. Buyers should evaluate the project’s proximity and accessibility to various amenities, facilities, and attractions, such as malls, restaurants, cafes, hotels, beaches, parks, and entertainment venues.
Buyers should also assess the project’s views and surroundings, such as the marina, the sea, and the skyline. Buyers should also consider the potential noise and traffic issues that may affect the project’s livability and value.
3. Payment plans
The payment plans offered by the developer are another crucial factor to consider when buying off-plan properties in Dubai Marina. Buyers should compare different payment plans and choose the one that suits their budget and cash flow.
Buyers should also check the payment schedule for off-plan projects and keep track of the different milestones to ensure that they can meet their obligations on time. Buyers should also be aware of any fees or charges that may apply to their payments, such as registration fees, transfer fees, service charges, or VAT.
4. Payment structure options
The financing structure options available for off-plan properties in Dubai Marina are another important factor to consider when buying off-plan properties in Dubai Marina. Buyers should explore different payment structure options and choose the one that offers them the best benefits and returns.
5. Due diligence
Due diligence is another essential factor to consider when buying off-plan properties in Dubai Marina. Buyers should conduct thorough research and analysis on various aspects of their off-plan property purchases.
6. Property Tax
Property tax is another factor to consider when buying off-plan properties in Dubai Marina. Property tax is a tax that is levied on the ownership or use of a property.
Community Overview Of Dubai Marina
Dubai Marina is one of the most popular and vibrant communities in Dubai. It is a man-made marina that stretches along 3 km of the Arabian Gulf coastline, offering stunning views of the water and the skyline.
Dubai Marina is home to over 200 residential towers, hotels, offices, shops, restaurants, cafes, and entertainment venues. Dubai Marina also features a 7 km pedestrian promenade, known as The Walk, that runs along the marina and connects to Jumeirah Beach Residence (JBR).
What Are The Most Popular Buildings In Dubai Marina?
Some of the most popular buildings in Dubai Marina are:
- Cayan Tower: A residential tower that features a distinctive twisted design and offers 495 apartments with panoramic views of the marina and the sea.
- Princess Tower: A residential tower that holds the Guinness World Record for being the tallest residential building in the world, with 101 floors and 763 apartments.
- Marina Gate: A residential complex that consists of three towers and offers 1,500 apartments, villas, penthouses, and townhouses with waterfront views and access to various amenities and facilities.
- Damac Heights: A residential tower that offers 640 apartments with luxury features and finishes, such as marble flooring, smart home systems, and private jacuzzis.
- The Address Dubai Marina: A hotel and serviced apartment tower that offers 442 rooms and suites, 200 serviced apartments, and access to various dining and entertainment options.
Which Transportation And Parking Spaces Are There In Dubai Marina?
Dubai Marina is well-connected to the rest of Dubai by various modes of transportation. You can access the area by road, metro, tram, bus, or water taxi. Here are some of the transportation and parking options available in Dubai Marina:
- Road: You can drive to Dubai Marina via Sheikh Zayed Road or Al Khail Road and take one of the exits to reach the area. There are plenty of parking spaces available in Dubai Marina, both on-street and in designated parking lots. Most of the buildings, malls, and hotels offer free or paid parking facilities for residents and guests.
- Metro: You can take the metro to Dubai Marina via the Red Line and get off at one of the two stations that serve the area: DAMAC Properties or Jumeirah Lakes Towers. The metro operates daily from 5am to midnight (or until 1am on Thursdays and Fridays) and costs AED 3 for a single trip within one zone or AED 5 for a single trip across two zones. You can also use a Nol card or a Nol ticket to pay for your fare.
- Tram: You can take the tram to Dubai Marina via the Al Sufouh Tramway and get off at one of the nine stations that serve the area: Jumeirah Beach Residence 1, Jumeirah Beach Residence 2, Jumeirah Lakes Towers, Dubai Marina Mall, Dubai Marina, Marina Towers, Mina Seyahi, Media City, and Palm Jumeirah. The tram operates daily from 6am to 1am and costs AED 3 for a single trip within one zone or AED 5 for a single trip across two zones. You can also use a Nol card or a Nol ticket to pay for your fare.
- Bus: You can take the bus to Dubai Marina via various routes that serve the area, such as F37, F38, F55A, JLT1, JLT2, and X28. The bus operates daily from 5am to 11pm (or until midnight on Thursdays and Fridays) and costs AED 3 for a single trip within one zone or AED 5 for a single trip across two zones. You can also use a Nol card or a Nol ticket to pay for your fare.
- Water taxi: You can take the water taxi to Dubai Marina via various stations that serve the area, such as Dubai Marina Mall, Dubai Marina Walk, Grosvenor House Hotel, and Le Royal Meridien Beach Resort & Spa. You can book a water taxi online or by calling +971-4-208-0808. The fare depends on the distance and the number of passengers, but it ranges from AED 50 to AED 570 per trip.
Which Amenities, Schools And Healthcare Are There In Dubai Marina?
Dubai Marina has a range of amenities to cater to the needs of its residents and visitors, such as:
- Shopping malls, supermarkets, pharmacies, banks, and other retail outlets
- Restaurants, cafes, bars, and lounges offering diverse cuisines and ambiances
- Hotels, serviced apartments, and holiday homes for short-term or long-term stays
- Marinas, yacht clubs, water sports, and cruises for marine enthusiasts
- Parks, promenades, jogging tracks, and cycling paths for outdoor recreation
- Gyms, fitness centers, spas, and salons for health and wellness
- Metro stations, tram stations, bus stops, and taxis for convenient transportation
Dubai Marina also has several schools and nurseries within or near the community, such as:
- Raffles Nursery Dubai Marina: A British curriculum nursery located in the heart of Dubai Marina
- Kidville Nursery JBR: An American curriculum nursery located in Jumeirah Beach Residence (JBR), adjacent to Dubai Marina
- Dubai British School Jumeirah Park: A British curriculum school located in Jumeirah Park, a short drive from Dubai Marina
- Emirates International School Meadows: An International Baccalaureate (IB) curriculum school located in The Meadows, a nearby residential community
- American School of Dubai: An American curriculum school located in Al Barsha South, a 15-minute drive from Dubai Marina
For healthcare services, Dubai Marina residents and visitors can access the following facilities:
- Aster Clinic Marina: A multi-specialty clinic offering primary care, dental care, dermatology, physiotherapy, and more
- Medcare Medical Centre Marina: A premium healthcare center offering family medicine, pediatrics, obstetrics and gynecology, orthopedics, and more
- Emirates Hospital Clinic Marina: A branch of the renowned Emirates Hospital offering general medicine, cardiology, urology, plastic surgery, and more
- NMC Royal Hospital DIP: A multi-specialty hospital offering advanced medical care in various specialties and sub-specialties
- Saudi German Hospital Dubai: A leading hospital offering comprehensive medical services in various departments and centers of excellence.
Which Outdoor Activities, Fitness And Beauty Are There In Dubai Marina?
Dubai Marina is an ideal destination for outdoor activities, fitness and beauty enthusiasts. Here are some of the options available:
- Outdoor Activities in Dubai Marina: Adventure seekers can enjoy skydiving at Skydive Dubai, zip-lining at Xline Dubai, parasailing at Sea Bird Water Sports, jet skiing at Ride in Dubai, or flying cup at Flying Cup. Nature lovers can relax at the beach or swim in the sea at JBR Beach, Kite Beach, or Sunset Beach. Families can have fun at AquaFun, a giant inflatable water park on the beach.
- Fitness in Dubai Marina: Fitness enthusiasts can work out at various gyms and fitness centers in Dubai Marina, such as Fitness First Platinum, Gold’s Gym Elite, The Platform Studios, or TribeFit. They can also join group classes or personal training sessions at yoga studios like Yoga La Vie or Piloga Studio, or martial arts centers like Round 10 Boxing Club or Pride Fitness Center. For outdoor exercise, they can jog or cycle along the scenic Marina Walk or the Dubai Canal.
- Beauty in Dubai Marina: Beauty lovers can pamper themselves at various spas and salons in Dubai Marina, such as Naturelife Spa Premium, Body Talk Wellness Centre, SensAsia Urban Spa, Pastels Salon JBR, Marquee Hair Salon Arabian Ranches, or NStyle Beauty Lounge JBR. They can also indulge in luxury treatments at hotel spas like Saray Spa at Marriott Harbour Hotel & Suites or Heavenly Spa at The Westin Dubai Mina Seyahi.
Which Leisure Activities And Notable Landmarks Are There In Dubai Marina?
Some of the leisure activities and notable landmarks in Dubai Marina are:
- Dubai Marina Walk: This is a 7-kilometer pedestrian promenade along the marina, lined with cafes, restaurants, shops, and entertainment venues. It is a popular spot for strolling, jogging, cycling, or enjoying the views of the yachts and skyscrapers.
- Dubai Marina Mall: This is a four-level shopping mall with over 140 retail outlets, a cinema, a supermarket, and a variety of dining options. It is connected to the Address Dubai Marina hotel and Pier 7, a seven-story tower with different cuisines on each floor.
- Skydive Dubai: This is an adrenaline-pumping activity that allows you to jump from a plane at 13,000 feet and enjoy a freefall over the Palm Jumeirah island and the Dubai Marina skyline. You can also opt for a tandem skydive with an instructor or a solo skydive if you are experienced.
- XLine Dubai Marina: This is the world’s longest urban zipline, stretching 1 kilometer from the Amwaj Towers to the Dubai Marina Mall. You can zip across the marina at speeds of up to 80 km/h, while taking in the panoramic views of the cityscape.
- Dubai Marina Yacht Club: This is a prestigious club that offers yacht rental, charter, and berthing services. You can also enjoy fine dining, social events, and recreational facilities at the club’s four marinas.
Which Restaurants Are Located In Dubai Marina?
There are many restaurants located in Dubai Marina, catering to different tastes and budgets. Some of the popular ones are:
- Indego by Vineet: This is a Michelin-starred restaurant by chef Vineet Bhatia, serving contemporary Indian cuisine with a twist. The restaurant has a stylish decor and a stunning view of the marina.
- Pierchic: This is a romantic seafood restaurant located at the end of a pier, offering a breathtaking view of the Arabian Gulf and the Burj Al Arab. The restaurant serves fresh and sustainable seafood dishes, along with an extensive wine list.
- Massimo’s Italian Restaurant: This is a cozy and authentic Italian restaurant that serves homemade pasta, pizza, salads, and desserts. The restaurant has a friendly atmosphere and a terrace overlooking the marina.
- Buddha-Bar: This is a trendy and upscale lounge bar and restaurant that serves Asian fusion cuisine and cocktails. The restaurant has a chic decor, a DJ booth, and a large outdoor terrace with a view of the marina.
- Zengo: This is a modern and elegant restaurant that serves Asian cuisine with Latin American influences. The restaurant has an open kitchen, a sushi counter, and a terrace with a view of the sea.
Which Supermarkets Are Located In Dubai Marina?
Some of the supermarkets located in Dubai Marina are:
- Carrefour: This is one of the largest hypermarkets in the UAE, offering a wide range of products at affordable prices. You can find groceries, organic foods, clothes, appliances, electronics, and more at Carrefour. There are three branches of Carrefour in Dubai Marina: one in Bunyan Tower, one in Marina Crown Tower, and one in Silverene Tower.
- Spinneys: This is one of the oldest supermarkets in Dubai, offering high-quality products and customer service. You can find meat, fish, fruits, vegetables, dairy products, cosmetics, flowers, baby care items, and more at Spinneys. Spinneys is located in Emaar Towers on Marina Walk.
- Choithrams: This is another popular supermarket in Dubai that offers a variety of products at reasonable prices. You can find fresh produce, bakery items, deli products, household items, health care products, and more at Choithrams. Choithrams is located in Dream Tower 1 on Al Marsa Street.
- Grandiose: This is a new and eco-friendly supermarket that offers a range of products with sustainable packaging. You can find fresh fruits and vegetables, dairy products, health care products, electronic equipment, and more at Grandiose. Grandiose has two branches in Dubai Marina: one in Marina Promenade and one on Marina Walk.
- Al Maya: This is one of the first supermarkets in Dubai that offers free home delivery services. You can find a variety of products at Al Maya, including fresh produce, bakery items, frozen foods, beverages, and more. Al Maya has three branches in Dubai Marina: one in Marina Promenade, one in Dream Tower 1, and one in Escan Tower.
Which Beaches Are Located Near Dubai Marina?
Some of the beaches located near Dubai Marina are:
- JBR Beach: This is a public beach that is adjacent to the Jumeirah Beach Residence (JBR) complex. The beach offers a range of activities and facilities, such as water sports, sun loungers, showers, changing rooms, playgrounds, and more. The beach is also close to The Beach mall, which has many shops, restaurants, and entertainment options.
- Kite Beach: This is a public beach that is popular among kite surfers and water sports enthusiasts. The beach has a long stretch of white sand and clear water, along with facilities such as showers, changing rooms, toilets, sun loungers, and more. The beach also has a jogging track, a skate park, a play area, and food trucks.
- Sunset Beach: This is a public beach that is located next to the Burj Al Arab hotel. The beach offers a stunning view of the iconic hotel and the sunset. The beach has facilities such as showers, changing rooms, toilets, sun loungers, and more. The beach is also close to Umm Suqeim Park, which has a playground and a picnic area.
- Marina Beach: This is a public beach that is located opposite the Dubai Marina Mall. The beach offers a view of the marina skyline and the Ain Dubai Ferris wheel. The beach has facilities such as showers, changing rooms, toilets, sun loungers, and more. The beach is also close to The Boardwalk mall, which has many shops, restaurants, and entertainment options.
- Al Sufouh Beach: This is a public beach that is also known as Black Palace Beach or Secret Beach. The beach is located between the Burj Al Arab hotel and the Palm Jumeirah island. The beach offers a secluded and peaceful spot to relax and enjoy the views of the sea and the landmarks. The beach has no facilities or amenities, so it is advisable to bring your own supplies.
Which Malls Are Located Near Dubai Marina?
Some of the malls located near Dubai Marina are:
- Dubai Marina Mall: This is a four-level shopping mall that is located within the Dubai Marina district. The mall has over 140 retail outlets, a cinema, a supermarket, and a variety of dining options. The mall is connected to the Address Dubai Marina hotel and Pier 7.
- The Beach: This is an outdoor entertainment development that is located opposite the Jumeirah Beach Residence (JBR) complex. The development has over 70 shopping and dining options, along with attractions such as an open-air cinema, a water park, a play area, and more.
- Ibn Battuta Mall: This is a themed shopping mall that is inspired by the travels of the explorer Ibn Battuta. The mall has six sections that represent different regions of the world: China, India, Persia, Egypt, Tunisia, and Andalusia. The mall has over 270 retail outlets, a cinema, a supermarket, and a variety of dining options.
- Mall of the Emirates: This is one of the largest and most popular shopping malls in Dubai. The mall has over 630 retail outlets, including department stores, fashion brands, electronics stores, and more. The mall also has attractions such as Ski Dubai (an indoor ski resort), Magic Planet (a family entertainment center), VOX Cinemas (a multiplex cinema), and more than 100 dining options.
- Dubai Mall: This is the largest shopping mall in the world and one of the main attractions in Dubai. The mall has over 1,200 retail outlets, including flagship stores, luxury brands, and designer boutiques. The mall also has attractions such as the Dubai Aquarium and Underwater Zoo (one of the largest aquariums in the world), the Dubai Ice Rink (an Olympic-sized ice rink), KidZania (an edutainment center for children), and more than 200 dining options.
Which Churches, Temples And Mosques Are Located Near Dubai Marina?
Some of the places of worship located near Dubai Marina are:
- St. Francis of Assisi Catholic Church: This is a Roman Catholic church that serves the expatriate community in Dubai. The church offers Mass services in various languages, such as English, Arabic, French, German, Italian, Spanish, and more. The church also has a parish hall, a library, a bookstore, and a cafeteria.
- Gurunanak Darbar Sikh Temple: This is a Sikh temple that serves the Sikh community in Dubai. The temple offers daily prayers, langar (free meals), kirtan (devotional music), and other religious and social activities. The temple also has a library, a museum, a meditation hall, and a cafeteria.
- Shiva Temple: This is a Hindu temple that is dedicated to Lord Shiva, one of the main deities in Hinduism. The temple offers daily prayers, rituals, festivals, and other religious and cultural events. The temple also has a hall for weddings and other ceremonies.
- Masjid Al Rahim: This is a mosque that serves the Muslim community in Dubai Marina. The mosque offers daily prayers, Friday prayers, Ramadan prayers, and other Islamic services. The mosque also has a library, a lecture hall, and a cafeteria.
- Christ Church Jebel Ali: This is an Anglican church that serves the Christian community in Dubai. The church offers Sunday services in English and Arabic, as well as Bible studies, prayer groups, youth groups, and other activities. The church also has a hall for events and gatherings.
How Is The Rental Market In Dubai Marina?
The rental market in Dubai Marina is one of the most active and attractive in Dubai. It offers a range of properties for rent, such as apartments, villas, townhouses, penthouses, and hotel apartments. The rental market attracts both local and foreign tenants who are looking for luxury waterfront living, premium location, and excellent amenities and facilities in the area.
Rental Trends Of Dubai Marina
The rental trends of Dubai Marina vary depending on several factors such as the location, type, size, quality, and demand of the property. According to Bayut & dubizzle’s Dubai Annual Rental Market Report for 2021, the average rent for apartments in Dubai Marina was AED 77, 000 per year, while the average rent for villas was AED 450, 000 per year.
|Average Rent (AED/year)
However, these figures may change over time as the market conditions and the supply and demand of properties in the area evolve. The following table shows the average rent for some of the popular properties in Dubai Marina:
How Is The House Sale Market In Dubai Marina?
The house sale market in Dubai Marina is one of the most dynamic and attractive in Dubai. It offers a range of properties for sale, such as apartments, villas, townhouses, penthouses, and hotel apartments.
The house sale market attracts both local and foreign buyers who are looking for luxury waterfront living, premium location, and excellent amenities and facilities in the area.
House Sale Trends Of Dubai Marina
The house sale trends of Dubai Marina vary depending on several factors such as the location, type, size, quality, and demand of the property. According to Property Finder’s Dubai Annual Sales Market Report for 2021, the average sale price for apartments in Dubai Marina was AED 1.3 million, while the average sale price for villas was AED 4.5 million.
However, these figures may change over time as the market conditions and the supply and demand of properties in the area evolve. The following table shows the average sale price for some of the popular properties in Dubai Marina, based on the data from Property Finder:
|Average Sale Price (AED)
What Are Other Area’s Or Communities That Are Comparable To Dubai Marina?
If you are looking for other area’s or communites or want to research different options for investing in real estate, we have plenty more guides to read through. Other interesting area’s that are you can compare against Dubai Marina:
- Invest In Property In Dubai Hills Estate
- Invest In Property In Dubai Downtown
- Invest In Property In Arabian Ranches
Frequently Asked Questions
How Popular Is Real Estate Investing In Dubai Marina?
Real estate investing in Dubai Marina is very popular among both local and foreign investors. Dubai Marina is one of the most sought-after areas in Dubai for property investment, due to its high rental yields, capital appreciation, and occupancy rates.
According to Bayut & dubizzle’s Dubai Annual Rental Market Report for 20212, Dubai Marina ranked as the most popular area for buying apartments in Dubai, with an average gross yield of 6.8%. Dubai Marina also ranked as the second most popular area for buying villas in Dubai, with an average gross yield of 5.9%.
How Expensive Is Real Estate Investing In Dubai Marina?
Real estate investing in Dubai Marina can be expensive compared to other areas in Dubai, but it can also offer higher returns and benefits.
The average sale price for apartments in Dubai Marina was AED 1.3 million, while the average sale price for villas was AED 4.5 million. However, these prices may vary depending on the location, type, size, quality, and demand of the property.
The most expensive apartment building in Dubai Marina was Le Reve, with an average sale price of AED 16 million, while the most expensive villa community was Emaar Beachfront, with an average sale price of AED 12.7 million.
On the other hand, the cheapest apartment building in Dubai Marina was DEC Towers, with an average sale price of AED 650, 000, while the cheapest villa community was Orra Harbour Residences, with an average sale price of AED 2.9 million.
What Are The Latest Off-Plan Property Launches In Dubai Marina?
Some of the latest off-plan property launches in Dubai Marina are:
1. Marina Shores: This is a new project by Emaar Properties that offers luxury apartments with stunning views of the marina and the sea. The project is expected to be completed by Q4 2026.
2. LIV Residence Apartments: This is a new project by LIV Developers that offers premium apartments with modern design and amenities. The project is expected to be completed by Q2 2025.
3. Cavalli Casa Tower: This is a new project by DAMAC Properties that offers branded apartments with exclusive features and finishes by Roberto Cavalli. The project is expected to be completed by Q3 2025.
4. Marina Vista: This is a new project by Emaar Properties that offers beachfront apartments with panoramic views of the sea and the skyline. The project is expected to be completed by Q4 2023.