Royal Oceanic Tower
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About the project
Royal Oceanic Tower is a building in the famous Select Group, which was erected in 2009. It is located in the Dubai Marina district. The 31-storey residential complex is adjacent to such projects as Habtoor Grand, Le Royal Meridien and Grosvenor House. From the panoramic windows there is a beautiful view of the Arabian Gulf.
The complex includes more than 230 residential properties, namely, studios and apartments with 1, 2, 3, and 4 bedrooms.
The studios in Royal Oceanic Tower are compact units ranging in size from 156 to 199 sq. m (513-654 sq. ft). The space is divided into living and sleeping areas. There is also a separate kitchen, bathroom and balcony.
The average size of the apartments ranges from 157 to 915 sq. m (514-3000 sq. ft). They are characterized by having several bathrooms, a balcony and an open built-in kitchen, large living room with dining area, laundry room and maid’s room.
The infrastructure of the complex is represented by the following types of facilities:
- parking is available in the basement with assigned spaces for each unit. Paid parking is available at the apartment complex Yalla Parking with the ability to track available parking spaces through the website.
- Several high-speed elevators.
- Barbecue area and outdoor barbecue and family events.
- 24-hour concierge services.
- High-tech fire protection – automatic and manual alarm systems with a connection to the nearest fire station.
Those wishing to purchase real estate in Royal Oceanic Tower purchase studio will find prices in the range of AED 650,000-690,000 (USD 177,000-188,000). Apartments start at AED 600,000 to 2,100,000 (USD 164,000-572,700).
*The price is valid for 2020
Location
The residential complex Royal Oceanic Tower is located in the popular Dubai Marina, surrounded by five of the most prestigious five-star hotels. In close proximity is a major thoroughfare – Sheikh Zayed Road.
Transport interchange in this area is well developed. Close to the residential complex there is a metro station, bus and trolley bus stop, as well as a water cab station.
The complex has everything you need for a healthy and active lifestyle – a fitness center, gym, swimming pool with adjustable water temperature, sauna, spa, and children’s playground.
There are several restaurants in close proximity to the Royal Oceanic Tower:
- Blue Jade – oriental cuisine;
- Atelier M – French cuisine;
- Rhodes W1 – British cuisine.
Ten minutes away are the popular shopping malls West Zone Fresh and Al Maya.
Dubai Marina provides educational facilities and kindergartens, as well as numerous medical clinics and pharmacies.
Payback
Buying a home in the Royal Oceanic Tower complex for renting out is a profitable and promising decision. The highest return on investment is the studio with an average payback of 8.9%. For apartments with one bedroom profitability is around 7.6% and with four bedrooms – 7.1%. Two-bedroom apartments have the lowest payback rates – the return on investment is around 6.7%.
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Metropolitan Premium Properties
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[email protected]
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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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