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Marina Diamond 5

Marina Diamond 5

About the project

The residential building Marina Diamond 5 Tower is part of a large residential complex Marina Diamonds, consisting of six towers. Its construction took place from 2005 to 2008. The developer of the project was the company Diamond Investments LLC. The complex presents more than a thousand residential units ready for occupancy.

The main categories of housing here are cozy and compact studios, as well as apartments with 1 and 2 bedrooms. Each room has large windows, which offer a beautiful view of the marina with yachts. The kitchens have modern equipment and all necessary appliances.

The one-bedroom apartments range in size from 228 to 259 sq. m (750-850 sq. ft) They have a master bedroom with private bath, combined living and dining room and separate open-plan kitchen. The cost of such housing is AED 750,000 (USD 204,193).

The average size of the two-bedroom apartments is 330-335 sq. m (1084-1100 sq. ft). There are two bathrooms, two balconies, a living room and an equipped kitchen. The average price of this option is AED 850,000 (USD 232,000).

Those who do not wish to purchase an apartment, and to rent for a certain period, will have to pay an annual rent of AED 50,000 to 65,000 (USD 14,000-18,000).

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Location

The residential complex Marina Diamond 5 is located in the popular area of Dubai Marina. There are bus and trolleybus stops near the building, as well as a metro station.

There are several cozy restaurants offering delicious international cuisine in the area:

  • Wingsters;
  • Mom’s Food;
  • Sarouja;
  • The Talk Restaurant;
  • Buddha Bar;
  • Pier 7.

Cafes and bars are located on the popular Marina Promenade Dubai and Marina Walk.

To go shopping, you can choose any of the supermarkets located in the vicinity of the apartments:

  • Fresh Plus Point Supermarket;
  • Zoom;
  • Bluemart;
  • Caramel Center;
  • Grill Republic;
  • Baskin Robbins;
  • Nando’s and Stefano’s.

In close proximity is the famous shopping and entertainment center Dubai Marina Mall with many fashionable boutiques and entertainment spaces.

For skydiving enthusiasts there is Skydive Dubai not far from Marina Diamond 5.

Dubai Marina provides day care facilities for young children, as well as educational facilities for schoolchildren.

Medical facilities and pharmacies operate in the area around the clock.

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Payback

Buying apartments in the residential complex Marina Diamond 5 in order to rent them out is a profitable investment. The highest return on investment is typical for apartments with two bedrooms and is 7.9%.

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