Penthouses for Sale in Dubai Marina
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Penthouses in Dubai Marina
Located along the beautiful shores of the Arabian Gulf, Dubai is one of the major cities of the United Arab Emirates. Today the Emirate is a global business and tourist hotspot with a well developed infrastructure, magnificent scenery and excellent weather conditions.
The purchase of a penthouse in Dubai is a profitable real estate investment for several reasons:
- there is no resident property tax;
- residence permits are available for real estate investors, as well as their family members;
- the ability for foreigners to take out a mortgage at a local bank;
- no restrictions on ownership of real estate and its transfer to third parties;
- the high level of security, there is virtually no crime.
Dubai has branches of the best European universities, as well as open branches of higher educational institutions from the USA, Canada and Australia.
Dubai Marina District
Located in the western part of the city is the elite resort area of Dubai Marina. Beautiful promenades, elite complexes, marinas with yachts, VIP restaurants and famous shopping centers are the popular places in Dubai Marina. The area is located on the shore of the largest man-made bay in the world. The marina with snow-white yachts and pleasure boats on a seven-kilometer canal reservoir has become the hallmark of the area.
Dubai Marina is home to 120,000 residents, making it also the most populated area in Dubai. In terms of the price of real estate in Dubai Marina, it does not really differ from the prices of equivalent housing in the city center.
The area is attractive with its developed, convenient infrastructure. Within walking distance of the residential complexes are:
- walking zones;
- a Ferris wheel;
- an observation deck;
- restaurants of different types;
- fitness and SPA-centers;
- public parking lots;
- popular JBR Beach;
- shopping and entertainment centers.
Dubai Marina is known for its easy access to transport. The area has two subway stations, bus and streetcar routes, and a canal ferry service is available.
Investing in Dubai Marina penthouses
A penthouse is a special kind of real estate. It is a separate spacious apartment that occupies all or part of the top floor of a building. A feature of penthouses in Dubai Marina, for which they are valued are open views of the city and the harbor. Buying a penthouse in the area means providing yourself and your family with a spacious apartment in a luxury location or investing in real estate in order to generate income from its rent and resale. The penthouses only grow in value over time, as they are located near the beach and famous landmarks.
In Dubai Marina, the demand for housing is justifiably high. It is possible to buy a penthouse under construction or ready for occupancy. The cost of real estate depends on the area, apartment area, project and residential complex. Penthouse apartments in Dubai Marina are suitable for both family living, and are profitable investments with high returns.