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Emerald Residence

Emerald Residence

About the project

Emerald Residence is a seven-storey residential complex located in Dubai’s densely populated Dubai Marina area. Emerald Residence was designed by Vakson Real Estate. Its construction was completed in 2006.

The building includes many amenities such as:

  • swimming pools for children and adults;
  • a sauna;
  • a jacuzzi;
  • a gym;
  • a fitness center;
  • a children’s playground;
  • a barbecue area;
  • a landscaped garden;
  • an underground parking lot;
  • a first aid station.

There are also 24-hour security and concierge services.

Emerald Residence consists of 44 properties, including 1-4-bedroom apartments of 697-2420 square feet. Properties are priced from AED 1,780,000 (USD 485,000). All units include a living room with dining area, an open-plan kitchen, an equipped bathroom and walk-in closets with built-in wardrobes.

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Location

Emerald Residence is located in one of Dubai Marina’s most popular locations.  The building was built near residential complexes Dream Tower, Damac Waves and Yacht Bay. The complex was built in close proximity to Sheikh Zayed Road. DMCC Metro Station, streetcar and bus stops are all within a 5-minute walk.

It takes 20 minutes to reach Dubai Mall from Emerald Residence, 10 minutes to reach the residential area, Palm Jumeirah, and 15 minutes to reach one of the world’s tallest hotels with an underwater restaurant, Burj Al Arab. Emerald Residence is surrounded by a variety of supermarkets, restaurants and cafes.

The following attractions are within a 10-minute drive:

  • Marina Beach public beach;
  • Ain Dubai Ferris Wheel;
  • Emirates Golf Club;
  • Skydive Dubai skydiving destination;
  • the indoor amusement park for children, Splash Pad.

Also close to Emerald Residence are Reel Cinemas, located in Dubai Marina Mall, as well as Novo Cinema at Ibn Battuta Mall, Roxy Marina Beach Cinema and Jebel Ali Village Cinema.

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Payback

Emerald Residence is a premium residential complex in the tourist area of Dubai Marina. The building is located near the resort and entertainment facilities and is quite suitable for personal residence as well as for long term rentals.

Yields from the real estate complex are estimated at 5.84%. The starting cost of annual rent of such real estate is AED 70,000 (USD 19,000). Traditionally the Dubai Marina area is one of the most popular with tourists and tenants. Therefore, Emerald Residence has every chance of becoming a quality investment property.

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