La Residence Del Mar
About the project
La Residence Del Mar is a 15-storey residential complex located in the prestigious Dubai Marina district on the Gulf Coast. Completed in 2006, the building was developed by Palma Holding and designed by Khatib & Alami.
With a total of 42 units, the residential complex consists of apartments with two, three, and four bedrooms, as well as duplex penthouses and triplex villas.
Units have spacious bedrooms and balconies, modern interiors, designer furniture, eco-friendly finishings, air conditioning and heating units, built-in walk-in closets, fully equipped kitchens, bathrooms in each bedroom, laundry rooms, and housekeeping accommodations, as well as wireless internet and cable TV.
The building offers views of the embankment, Arabian Gulf, and nearby attractions and is surrounded by landscaped areas with walking and biking paths and children’s playgrounds.
Residents can enjoy 24-hour security and video surveillance, high-speed elevators, underground parking, gym, and swimming pool, as well as retail stores, cafés, spas, and parks.
La Residence Del Mar has a hotel in the building, which offers residents additional amenities, such as housekeeping and concierge services.
Apartment sizes start at 213.7 sq. m (2,300 sq. ft), and the cost per unit starts at AED 3,000,000 (USD 816,759).
*The price is valid for 2021
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Location
La Residence Del Mar is located near Sheikh Zayed Road, which provides residents with easy access to other parts of the city. Residents can also take advantage of nearby buses, trams, and the metro.
The building is located within walking distance of several supermarkets, cafés and restaurants. The Walk promenade is located within a seven-minute walk of the complex, and the Skydive Dubai airfield is located within a nine-minute walk.
The nearest shopping mall is Dubai Outlet Mall, which is located within a seven-minute drive of the community. Local attractions include an ice skating rink, movie theatre, and children’s playground. The area is also known for its up-scale restaurants, five-star hotels, nightclubs, entertainment venues, and cultural centres.
Families can take advantage of local nurseries and schools, such as British Orchard Nursery, Willow Nursery, and Monroe’s Nursery, as well as nearby medical centres, such as Saks 21, Armada Medical Centre, and European Vascular Clinic Dmcc.
By car, La Residence Del Mar is conveniently located within a short drive of many popular destinations, including:
- Downtown Dubai and Business Bay (24 min.)
- Dubai International Airport (30 min.)
Payback
The return on investment rate for owning property at La Residence Del Mar is approximately 5.7% per year.
The rental cost for a two-bedroom apartment starts at AED 190,000 (USD 51,728) per year.
The property rental tax is 5%, AED 9,500 (USD 2,586), and maintenance fees start at AED 29,532 (USD 8,040).
The net income is approximately AED 150,968 (USD 41,102).
*The price is valid for 2021
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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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