Apartments for Sale in Dubai Marina
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Metropolitan Premium Properties
Listing by
Metropolitan Premium Properties
Listing by
Metropolitan Premium Properties
Listing by
Metropolitan Premium Properties
Listing by
Metropolitan Premium Properties
Why it is profitable to buy an apartment in Dubai
Currently, the demand for buying an apartment for sale has increased in the real estate market in Dubai. This is not surprising, because it is one of the best long-term investments. Today investments in Dubai real estate bring income – 7 – 8% of the cost of apartments per year. Buying apartments for rent to tourists and travelers is a very profitable form of income since tourism is second only to oil exports. Tourists, expatriates and the local population find a lot of entertainment here. Artificial islands are attractive to many investors from different countries – a large number of skyscrapers, residential complexes, hotels, cafes, bars, nightclubs have been built on them, which make life on the island attractive, comfortable and prestigious.
Investing in real estate and in apartments for sale in Dubai provides many other advantages: there are no taxes for most spheres of activity, there is a year-round holiday season and developed infrastructure, there is no real estate tax. For foreign citizens, purchasing an apartment for sale or other real estate is an ideal long-term investment opportunity, as well as an opportunity to obtain a long-term resident visa.
Dubai is not only a tourist center, it’s also a financial and commercial center – a huge number of international and financial companies operate here.
You can choose apartments for sale in Dubai from a huge number of options for prices, sizes, designs and locations.
Why is it profitable to buy property in the Dubai Marina
Dubai Marina is one of the most popular areas for buying an apartment in Dubai. Apartments for sale here can generate 7.6% to 10.6% rental income. The area is in demand among tourists, who in turn want to rent accommodation near local attractions. This is the place of the most impressive new buildings and attractions, modern houses and skyscrapers, hotels and restaurants, shopping centers and nightclubs. The area is surrounded by the harbor, which will be the largest in the world, created artificially. Here is one of the most comfortable residential skyscrapers – the 86-storey Damac Residence and the 310-meter Infinity Tower with a 90-degree curved facade. Palm Jumeirah and The Walk parkway are not far from this area. Dubai Marina has a well-developed transport system – two metro stations, much public transport stops, ferry connections to the Business Bay business district are carried out through the Dubai Canal. Tourists and city guests coming here can enjoy the modern infrastructure, cityscape and sea views.
The cost of real estate in Dubai Marina
Dubai Marina has over 200 residential buildings with stunning city and harbor views. There are several types of properties for sale: luxury studios, apartments with 2, 3 or 4 bedrooms, villas, and a small number of townhouses and penthouses with 5 or more bedrooms. This is the best area for small families or young professionals who like to walk.
Real estate prices in Dubai Marina are second only to the city center. The cost of an apartment depends on the total area, floor, and other factors. There are numerous residential buildings with apartments for sale in this area, with many amenities – swimming pools, security, concierge, restaurants, shops, spas, gyms and others. The popular projects here are Cavalli Tower, LIV Residence, Sparkle Towers, Marina Gate, Escan Marina Tower, Marina Opal Tower.
Apartment prices range from AED 478,000 (USD 130,160) to AED 20,000,000 (USD 5,445,895). Prices for 1 bedroom apartments start from AED 580,000 (UAD 157,900) and go up to AED 2,250,000 (UAD 612,660). A 2 bedroom apartment will cost from AED 1,720,000 (UAD 468,300) to AED 6,183,000 (UAD 1,683,600). Price range for studios from AED 478,000 (UAD 130,150) to AED 2,300,000 (USD 626,300).
*The price is valid for 2021