Dubai Communties: Dubai Marina

Fancy living in one of the most uber-cool neighborhoods in the city? If sipping your morning cuppa from the glass-fenced balcony of a waterfront high-rise is what you dream of, you should probably consider renting or buying an apartment in the picture-perfect neighborhood of Dubai Marina. 

The bling and aura of Dubai Marina attract young professionals who vouch for living in vogue. Nationalities are mixed but it is most popular with European ex-pats working in Jumeirah Lake Towers, Dubai Internet City, and Dubai Media City due to the area’s proximity to their workplace. 

Home to high-rises with residential and serviced apartments and hotels, this upscale neighborhood offers an array of entertainment and leisure opportunities. From jogging in the picturesque marina promenade to shopping for world-class brands in the Marina Mall, this neighborhood has something for everyone. Schools, hospitals, supermarkets, and spas are within arm’s reach.

Dubai Marina boasts the finest restaurants in town, from fine dining to budget ones. The nightlife in Dubai Marina is equally vibrant with a number of bars and nightclubs. According to Bayut’s 2019 Dubai Real Estate Market Report, Dubai Marina is the most popular and sought-after neighborhood for buying apartments in the UAE. Let’s take a quick glance at what makes Dubai Marina so immensely popular.

• The neighborhood has over 200 luxurious residential towers.
• The residential apartments are fitted with luxurious and state-of-the-art facilities.
• The community has great waterfront views from most buildings and offers Riviera-style living.
• The community is home to Dubai Marina Mall, Marina Walk, and an array of upscale cafes, restaurants, bars, and nightclubs.
• Many areas in this neighborhood have easy access to the Dubai Metro. Residents can also avail of Dubai trams to get around the Marina area.

Dubai Marina predominantly features apartment living, however, there are few futuristic podium villas for investors interested in buying villas in Dubai Marina. Apartments for rent in Dubai Marina range from studios to 1,2,3 and 4-bedroom apartments to luxurious penthouses.

Rental Trends in Dubai Marina

Rental studios in Dubai Marina start from AED 34k. 1-bedroom apartments are available for rent from AED 40k to AED 145k per year. 2-bedroom apartments in Dubai Marina can be rented from a starting price of AED 63k annually. If you want to rent a 3-bedroom apartment, you have to shell out between AED 85k to AED 500k yearly. The annual rent for 4-bedroom flats is AED 250k. Renting 5-bedroom penthouses can cost anywhere between AED 260k to AED 675k per year.

Villas are also available for rent in this community. A 3-bedroom villa is available for rent for AED 190k to AED 320k annually.

Sale trends in Dubai Marina

Dubai Marina features several freehold properties where ex-pats and foreign investors can invest. The sale price starts at AED 430k for studio apartments and 1-bedroom apartments for sale in Dubai Marina range from AED 500k to AED 2.8M. On average, 2-bedroom apartments for sale starts at AED 1.77M while 3-bedroom unit costs AED 2.8M. 4-bed units are usually fully furnished, serviced apartments and the sale price ranges from AED 1.5M to AED 25M. Apartment prices can soar to a whopping AED56M for opulent penthouses in Dubai Marina. 3-bedroom villas can be bought in a price range of AED 2.1M to AED 8.5M. Spacious 4-bedroom villas are priced between AED 4M to AED 17M.

In Conclusion:

Dubai Marina is the place to be if you believe in living in style. Get in touch with us and we will help you find your nest in this posh community in Dubai.