Marriott Residences
About Marriott Residences
(sq. ft.)
Marriott Residences Dubai Business Bay is a 15-storey development by Fortune 5 Property Development LLC in Business Bay. The branded complex features 138 units, namely 1-2 bedroom apartments, and full floors. There are 10 units per floor in Marriott Residences Dubai Business Bay.
The building and facilities will be managed by Marriott, which is the largest hotel chain in the world by the number of available rooms. Apartments, meanwhile, will be managed solely by their owners.
The size of the properties ranges from 667 sq. ft. to 2,340 sq. ft. Each unit will come with branded white appliances by Alba or Bosch. These include a built-in gas hob, a built-in gas oven, a canopy hood, a fridge, a washing machine, a dishwasher and a microwave.
Occupants of Marriott Residences Dubai Business Bay will be treated to a myriad of world-class amenities onsite, such as:
- Pool deck with loungers
- Multipurpose podium level
- Concierge service
- In-residence dining
- Reception desk
- Doorman
- Indoor & outdoor gyms
- Lobby
- Valet
- BBQ area
- Board room
- Media room
- Restaurants & cafes
Property Information
- Location Business Bay, Dubai, UAE
- Developer Fortune 5
- Status of Project In progress
- Type of Project Residential Tower
- Available Units 1-2BR Apartments, Full Floors
- Area from 667 sq. ft.
- Total Amount of Units 138 Apartments, 15 Floors Only
- Payment Plan 40/60
Floor Plans of Marriott Residences Dubai
Reflection Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
|
|
1 Bedroom | Apartment | 667 sq. ft. | Ask for Price | |
|
1 Bedroom | Apartment | 1,564 sq. ft. | Ask for Price | |
|
|
2 Bedrooms | Apartment | 1,496 sq. ft. | Ask for Price | |
|
2 Bedrooms | Apartment | 1,167 sq. ft. | Ask for Price |
Property Prices
The initial cost for a 1-bedroom apartment, as of May 2023, amounts to AED 1.5M (USD 408K). The estimated price for a full floor is approximately AED 20M (USD 5.4M).
Please note that the service charge in Marriott Residences Dubai Business Bay is AED 19 (USD 5) per sq. ft. Additionally, AED 5 (USD 1.36) per sq. ft. has to be paid for Marriott management.
*The price is valid for 2023
Payment Plan
Location
Marriott Residences Dubai Business Bay is strategically nestled alongside Al Asayel St, ensuring hassle-free trips around the emirate. Within about 20 minutes by car you can reach Dubai International Financial Center (DIFC), Za’abeel and Dubai International Airport. There are also the Avanti Tower and Capital Golden Tower bus stations close by, which complement the available travel options.
The complex boasts close proximity to Residence 110, which is a ready development by Select Group. Within walking distance of the complex, the following facilities can be found:
- Sheefa Al Madeena Pharmacy
- West Zone Fresh Supermarket
- Gala Supermarket
- Indigo Rent A Car
- Maham Laundry & Dry Cleaning
- F&B: Nutristein, Divan Turkish and Roll and Bubble (Business Bay)
The nearest medical facilities are situated a 10-minute drive away, including Aster Clinic Business Bay and Emirates Hospital Clinics — Business Bay. It will take the same amount of time to reach Downtown Dubai, which provides multiple leisure options thanks to Dubai Mall, Dubai Opera, The Dubai Fountain and more.
Economic Appeal
Completion of Marriott Residences Dubai Business Bay is scheduled for Q4 2024. The property resale is possible after paying just 20% of the total property value. This way, you can generate profit without having to pay the full sum for a property.
If you decide to buy a full floor, you will have the opportunity to enjoy constant cash flow, even if not all the apartments are occupied by tenants. According to the master developer, Marriott Residences Dubai Business Bay has an expected ROI of 8-9%, which guarantees lucrative rental profit. As of May 2023 the initial rental cost in Business Bay amounts to AED 58K (USD 16K) per annum.
Another perk of property ownership in Marriott Residences Dubai Business Bay is obtaining a free Marriott Bonvoy loyalty card granting exclusive discounted rates, complimentary room Wi-Fi, instant redemption of points, mobile check-In and a mobile key, among other benefits across participating hotels globally.
*The price is valid for 2023
FAQ
Marriott Residences Dubai Business Bay is being developed by Fortune 5 Property Development LLC.
The complex is located in Business Bay.
There are 1-2 bedroom apartments and full floors available for purchase.
The development is scheduled for completion in Q4 2024.
You can take advantage of a 60/40 payment plan, along with a 10% booking fee.
As of Q2 2023, the starting price for a 1-bedroom apartment amounts to AED 1.5M (USD 408K). A full floor can be acquired for approximately AED 20M (USD 5.4M).
Yes, you can become a UAE resident through real estate investment in Marriott Residences Dubai Business Bay. The length of validity of your visa will depend on the property value.
You can obtain a 2-year investor visa with a purchase of at least AED 750K (USD 204K), or a 10-year Golden vVisa for a minimum of AED 2M (USD 545K).
Any nationality is eligible to become a property owner in this development, thanks to it having freehold status.
Yes, it is a highly profitable investment, with an estimated ROI of 8-9%. You can resell your unit after paying only 20% of its total cost. As a property owner, you will be issued a Marriott Bonvoy loyalty card, which provides multiple privileges across participating hotels worldwide.
This is a great destination for businessmen and young professionals who wish to enjoy hotel facilities and stay in a private apartment with easy access to the city's best offerings.
Business Bay is famed for its well-developed social infrastructure. Within the area, there are many grocers, pharmacies and other facilities, including Shefaa Al Madeena Pharmacy, West Zone Fresh Supermarket, Gala Supermarket, Indigo Rent A Car, Maham Laundry & Dry Cleaning and more.
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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