Al Majara Towers is a residential project by the largest developer in the Arab world, Emaar Properties, in collaboration with the designer HOK Canada, Inc. The luxury residential complex, Al Majara Towers is located in Dubai’s developed Dubai Marina area and is presented as five separate buildings: Al Majara 1, Al Majara 2, Al Majara 3, Al Majara 5 and Nuran Marina Serviced Residences.
The complex’s exclusive real estate collection includes 1,100 residences. It includes apartments with one, two and three bedrooms. The complex buildings have different numbers of floors: Al Majara 1 – 29 floors, Al Majara 2 – 33 floors, Al Majara 3 and Al Majara 5 – 10 floors, Nuran Marina Serviced Residences – 12 floors.
The minimum living area for a one-bedroom residence is 78 sq.m. (842 sq.ft.). All apartments have spacious living rooms, built-in closets and balconies.
Al Majara Towers has all the amenities you need including:
The cost of apartments in Al Majara Towers starts at AED 800,000 (USD 218,000).
*The price is valid for 2020
The complex Al Majara Towers is part of the modern and developed area of Dubai Marina. Within walking distance are restaurants for all tastes, as well as well-known brand stores and offices. The complex itself has several retail outlets, including two travel agencies, two restaurants and a store.
From Al Majara Towers it is about 20 minutes to Dubai Mall, 13 minutes to Palm Jumeirah, 18 minutes to Burj Al Arab and 9 minutes to The Walk JBR. The famous shopping mall of the Emirates is a 13-minute drive away and DXB and Al Maktoum International Airports are both approximately 30 minutes away. Marina Beach is 700m away and the nearest bus stops, Jumeirah Beach Residence Station 1 and 2 are a five and ten minute walk away respectively.
Dubai Marina, where Al Majara Towers is located, is growing rapidly and attracts more investors and tenants every month. This contributes to the development of tourist and commercial activities and the expectation of a high return on investment in the project.
Given that the average price of a one-bedroom apartment in the residential complex is AED 1,180,000 (USD 321,250) and the average annual rent of an apartment is AED 80,000 (USD 21,780), the return on investment in this type of housing can reach 5.61%.
*The price is valid for 2020
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