Apartments for sale in Dubai Marina
Dubai Marina is a spectacle of architectural brilliance. It’s nestled along the stunning Gulf shoreline, spanning approximately 3.5 kilometers. Moreover, this man-made canal city is a coveted waterfront address featuring around 200 residential towers. Additionally, Dubai Marina has emerged as a prime destination for property buyers globally, and for good reason. For instance, its status as a premier waterfront locale has garnered immense interest and desire among those seeking a sophisticated and cosmopolitan living experience. That being said, join us on an immersive journey through the allure of Dubai Marina’s apartments for sale, unveiling a realm of possibilities, trends, and considerations that define luxury living in this thriving urban oasis.
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Types of Apartments for Sale in Dubai Marina
With the variety of Dubai Marina apartments for sale, there is no doubt that there is one perfect for you.
Studio Apartments
The size of Studio apartments in Dubai Marina is approximately 300 sq. ft. to around 700 sq. ft. Towers that offer studio apartments are Ciel Tower, DEC Towers, Skyview Tower, and many more.
One-bedroom Apartments
One-bedroom apartments for sale in Dubai Marina have sizes of around 700 sq. ft. to 1,200 sq. ft. There are one-bedroom apartments in Marina Gate Towers, Cayan Towers, Al Sahab Towers, and many more.
Two Bedroom Apartments
Dubai Marina’s two-bedroom apartments are approximately 1,000 sq. ft. to 1,800 sq. ft. These apartments are available in Al Anbar Tower, Al Fairooz Tower, Al Mesk Tower, and many more.
Three Bedroom Apartments
The three-bedroom apartments have sizes between 1,500 sq. ft. to 2,500 sq. ft. There are three-bedroom apartments available in multiple towers such as Ocean Heights, Al Sahab Tower, Marina Quays Tower, Princess Tower, and many more.
Four bedroom Apartments
Four-bedroom apartments for sale in Dubai Marina are approximately 2,000 sq. ft. to 3,500 sq. ft. These apartments are available in towers like The Address Dubai Marina, Princess Tower, Al Mesk Tower, and many more.
Five bedroom Apartments
The five-bedroom apartments are around 3,500 sq. ft. to 5,000 sq. ft. Dubai Marina offers spacious five-bedroom apartments on towers such as Al Anbar Tower, Emirates Crown, Princess Tower, and many more.
Views in Dubai Marina Apartments
Apartment for sale in Dubai Marina not only offers a wide range of sizes but also different stunning views for you to choose from. To add, the views when you buy an apartment in Dubai Marina also depend on the tower that you decide on. Here are the different views available when you buy an apartment in Dubai Marina and which towers offer them:
Sea View Apartments
Sea View Apartments offer a view of the beautiful Arabian Gulf right outside your window. Consequently, it offers a tranquil overview of the blue waters. You can buy an apartment in Dubai Marina that has a sea view from towers like Princess Tower, DAMAC Heights, Ocean Heights, and many more.
Marina View Apartments
Unlike Sea View Apartments, Marina View Apartments showcase the scenery of both the bluewater sea and the waterfront marina. So, you can chill in your apartment with this breathtaking view from towers at Marina View Towers, Attessa Towers, Le Reve, Beauport, and many more.
City View Apartments
Dubai Marina also offers apartments with a panoramic view of Dubai with its beautiful architecture and bustling city life. Also, the vibrant life of the city can be seen from the towers such as Al Seef Tower, The Torch, The Point, and many more.
Amenities in Dubai Marina Apartments
You can enjoy different amenities if you buy an apartment in Dubai Marina; with different towers offering 24/7 security, communal lounges, parking space, fitness gyms, swimming pools, spa facilities, and many more. Also, you have convenient access to nearby malls, schools, bars, and plenty more facilities and services.
Sales Trends and Current Market in Dubai Marina
Overall, Dubai Marina's real estate market showcases a dynamic range of sale prices and covered areas across various apartment types. Additionally, the market caters to different preferences, with prices varying based on the size and configuration of units.
Average Sale Prices for Apartments for Sale in Dubai Marina
Moreover, transactional data sourced from the Dubai Land Department (DLD) provides valuable insights into the Dubai Marina real estate market. For instance, January to November 2023 witnessed 4,197 sales transactions of units made in Dubai Marina. Hence, this data from the DLD underlines the robustness and activity within the real estate sector in this sought-after waterfront community.
Exploring Apartment Options in Dubai Marina
Exploring apartment options in Dubai Marina offers a diverse array of ready-to-move and off-plan residences, catering to varied preferences from furnished convenience to investment potential in off-plan developments.
Ready-to-move apartments
Ready-to-move apartments for sale in Dubai Marina offer turnkey living solutions. In this sense, provides immediate occupancy with either furnished or unfurnished options to suit diverse lifestyle preferences.
Furnished Apartments
Ready-to-move furnished apartments for sale in Dubai Marina offer the convenience of immediate occupancy. Additionally, these units come equipped with furniture, appliances, and often, stylish interiors, allowing residents to settle in without the hassle of purchasing or arranging furnishings. Also, furnished apartments cater to those seeking a turnkey living solution, providing comfort and style right from day one.
Unfurnished Apartments
Meanwhile, unfurnished ready-to-move apartments for sale in Dubai Marina present a canvas for personalization. To add, these units offer the flexibility for residents to decorate and furnish the space according to their preferences and style. Additionally, they appeal to individuals or families who have specific interior design visions or existing furniture they wish to incorporate into their new home.
Off-plan Apartments
When you buy apartment in Dubai Marina under this configuration, this would mean that these properties are still under construction. In essence, this form of investment allows buyers to secure units at an initial price, often with flexible payment plans, based on proposed plans and designs provided by developers.
Advantages of Off-Plan Investments
Now, investing in off-plan properties in Dubai Marina offers several advantages. For instance, it provides buyers with the prospect of potential capital appreciation as the value of the property tends to rise upon completion. Additionally, buyers can often benefit from more flexible payment structures, spreading payments over the construction period.
Considerations for Off-Plan Purchases
However, keep in mind that buyers need to carefully assess developers’ credibility, project timelines, and contractual terms when considering off-plan investments. Therefore, understanding the risks, such as potential construction delays or changes to the final product, is crucial before committing to an off-plan purchase.
Buying Apartments in Dubai Marina - Key Considerations
When considering if Dubai Marina is the right home for you, there are common factors that warrant careful consideration, and this spans from location preferences and financial plans.
A. Location Preferences and Proximity to Amenities
Accordingly, selecting an apartment in Dubai Marina involves considering location preferences and amenities. As well as, assessing proximity to key facilities such as schools, shopping centers, healthcare services, recreational areas, and transportation hubs can greatly impact your lifestyle. Additionally, you need to understand the accessibility and convenience of these amenities within the vicinity in order to tailor it to your needs.
B. Budget Considerations and Financial Planning
Meanwhile, budgeting also plays a crucial role in buying an apartment in Dubai Marina. Therefore, determining your budgetary constraints, evaluating mortgage options, considering additional costs like maintenance fees, service charges, and property taxes are essential steps in financial planning. Additionally, aligning your budget with the available real estate options ensures a more focused search within your affordability range.
Cost Breakdown When Buying Property in Dubai
Amongst the many new attractions in Dubai, two remarkable landmarks stood out embodying the city’s spirit and vision; the Burj Khalifa and Downtown Dubai.
- Asking Price – This initial cost constitutes the base price of the property.
- Property Registration Fees – These fees cover the legal aspects of registering the property and are integral to property transactions.
- Dubai Land Department (DLD) Fees and Administration Charges – The DLD fees, a one-time tax typically around 4% of the total property price, are divided between the buyer and seller. Also, these fees include administrative charges facilitating legal procedures.
- Agency Commissions – Engaging real estate agents incurs commissions, typically around 2% of the property price.
- Conveyance Fees – Fees for conveyancers ensure legal compliance during the purchasing process and vary within the range of AED 6,000 to AED 10,000.
- VAT (Value Added Tax) – Applicable VAT is an essential factor to consider, particularly in terms of its inclusion in various charges and commissions during property transactions.
Additional Fees
- Security Deposit – A security deposit, often around 10% of the property price, secures the purchase until the transfer is complete.
- Mortgage Loan Fees – Buyers using loans face various mortgage-related fees, including arrangement and processing fees.
- Insurance Costs – While not mandatory, home and life insurance expenses are recommended and vary based on property value and loan amounts.
- Service Charges and DEWA deposit – Annual service charges, DEWA deposit for electricity and water connections, and other incidental costs also contribute to the total expense.
Noteworthy Residential Buildings to Buy Apartment in Dubai Marina
Emaar 6 Towers
Emaar 6 Towers, also known as Marina Towers, is a complex of six towers. Moreover, it is considered the oldest complex in Dubai Marina upon its completion in 2003.
Unit Types:
Apartments (1-5 bedrooms): Starting 95 to 648 square meters
Marina Gate
Marina Gate stands out for its exceptional offerings, comprising three towers with spacious unit options and prime location advantages. Accordingly, as it is conveniently located on Al Khayyat Street, it provides easy access to various attractions.
Marina Promenade
Marina Promenade by Emaar boasts six lavish towers directly positioned on the creek. Moreover, with its scenic views and an array of amenities, these towers of King Salman Bin Abd El Aziz Al Saud Street promise an ideal home.
Le Reve Tower
Le Reve Tower, meaning “The Dream” in French, stands as an exceptional residential destination nestled in Dubai Marina. To add, it is one of Dubai Marina’s luxury complexes. Consequently, this prestigious tower, spanning 52 floors, commands attention and has become a coveted address for the elite.
Conclusion
Dubai Marina’s allure lies in its premier waterfront location, boasting over 200 residential towers spread across 3.5 kilometers. Moreover, this captivating locale has captivated global property buyers, offering a sophisticated living experience amidst its elegance.
Accordingly, for those who are considering apartments for sale in Dubai Marina, there are essential considerations. Further, these encompass evaluating accessibility to amenities, careful financial planning, exploring diverse
FAQs
Dubai Marina's allure stems from its prime waterfront location, boasting around 200 residential towers across 3.5 kilometers. Its cosmopolitan vibe, upscale amenities, and proximity to business districts make it highly desirable.
Dubai Marina apartments for sale include studios, one-bedroom to five-bedroom units. Sizes vary from around 300 sq. ft. for studios to 5,000 sq. ft. for five-bedroom apartments, spread across different towers.
Apartments for sale in Dubai Marina provide sea views of the Arabian Gulf, marina views showcasing the waterfront, and city views capturing Dubai's urban landscape.
Consider additional costs like property registration fees, DLD fees, agency commissions, conveyance fees, VAT, mortgage charges (if buyer applied for mortgage loan), insurance, service, and DEWA deposit alongside budgeting.
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