Marina Diamond 1

Marina Diamond 1 is part of the Marina Diamond project, which is a large-scale residential complex designed by the well-known company Diamond Investments LLC. Its construction began in 2004 and was completed in 2006. The residential tower has 15 floors, which houses 194 apartments with 1 and 2 bedrooms apartments as well as compact studios.

The size of the studio apartments range from 363 sq. ft to 450 sq. ft (111 sq. m to 138 sq. m) The studios are characterized by a spacious bedroom combined with a study, living room, fully equipped kitchen, and 1 or 2 bathrooms. All studios have spacious balconies with beautiful views of the marina and prices range from AED 410,000 to AED 490,000 (USD 112,000 to USD 134,000).

One or two bedroom apartments range in size from 750 sq. ft to 1,100 sq. ft (229 sq. m to 336 sq. m). Each residential unit has its own specific layout, but depending on the size, apartments have 1 or 2 bathrooms, a spacious living room with dining area and a fully equipped functional kitchen with built-in cabinetry and practical countertops. These types of units are available at prices ranging from AED 600,000 to 1,000,000 (USD 164,000-272,250).

Marina Diamond 1 residential complex is a freehold area, which means that any foreign citizen can become a property owner in this area. Many investors prefer to buy property with a plan to rent the property out and earn a decent income. The most profitable, in terms of return on investment, are the studio apartments which have an ROI of8.3%.