Marina Residences is an apartment complex located on the trunk of the artificial island of Palm Jumeirah and consists of 6 separate, 15-storey buildings with a well-developed local infrastructure. Completed in 2009, the project was developed by Nakheel PJSC, in association with Dar Al-Handasah, an architectural consultant. The residences overlook the Arabian Gulf and the marina.
In this collection of residential real estate Marina Residences presents 900 items: spacious apartments with 1, 2 and 3 bedrooms, penthouses with 4 bedrooms and three-storey townhouses with 5 bedrooms. Each residence is fully equipped with plumbing, a fitted kitchen, a built-in closet and balcony. The minimum size of Marina Residences 2-bedroom apartments is 161 square meters (1,733 square feet) and prices start from AED 1,875,000 (USD 474,000).
The homes at Marina Residences provide residents with a range of modern services and amenities, which include:
Palm Jumeirah is the largest man-made island in the world, located on the shores of the Arabian Gulf. It attracts tourists with its chic hotels, residential complexes, beaches and entertainment facilities. Parts of the island can be reached by car as well as by public transport. Residents of Marina Residences can use the Atlantis The Palm and Palm Jumeirah monorail stations, which are a 9 and 7 minute drive away, and the Internet City streetcar stop is a 12-minute drive from the complex. Royal Mirage Bus Stop and Nakheel Metro Station are 11 and 14 minutes away and the nearest Nakheel Mall is just a 6-minute walk away.
The Marina Residences buildings are just a short drive away from many popular destionations and can be easily reached:
Palm Jumeirah is an attractive destination for tourists. The infrastructure of the island continues to develop rapidly and attract the attention of investors. You can buy housing in Marina Residences for permanent residence and for rent. ROI for the area is 5.5%. The average price of a two-bedroom apartment in Marina Residences is AED 2,400,000 (USD 607,000), with annual rents of AED 130,000-150,000 (USD 33,000-38,000). The Marina Residences property is freehold, which entitles foreign investors to full ownership.
Sign up for our weekly newsletter for market updates!