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Aaronz & Co Real Estate LLC
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Aston Pearl Real EstateGlobal Properties is a user-friendly website where you can swiftly find and buy an apartment in Dubai Marina. The catalogue features real estate from various price categories, encompassing inexpensive studios to exclusive premium penthouses.
To select the desired object you can contact the operator or utilise the search tools. You can view prices in a currency convenient for you. The service also enables you to compare several offers from different sellers to choose the best value for money.
The cost of apartments in Dubai Marina depends on its location, view from the windows, total area, type of residential complex and several other parameters. The starting price of a small studio is USD 163,500.
On the website Global Properties the apartment prices in Dubai Marina are as follows:
Bedroom Minimum price Maximum price
| Bedroom | Minimum Price | Maximum Price |
|---|---|---|
| Studio | USD 163,500 | USD 843,000 |
| 1-bedroom | USD 163,500 | USD 1,397,500 |
| 2-bedroom | USD 205,000 | USD 3,812,000 |
| 3-bedroom | USD 408,500 | USD 5,310,000 |
| 4-bedroom | USD 706,500 | USD 19,006,000 |
| 5-bedroom | USD 1,361,500 | USD 20,422,000 |
Over the past year, prices for flats in Dubai Marina have increased significantly. Apartments under construction have become more expensive by 32%, while ready-to-move-in residences increased in value by 8.6%.
Both compact apartments and spacious duplexes can be found in the marina. The minimum size of a studio in the waterfront community is 15 square metres, while the maximum area of a penthouse is 3405 square metres.
When buying property in Dubai a foreigner can obtain a resident visa or so-called residence permit. The document for 2 years is issued if the total value of the purchased housing amounts to USD 205,000 or more.
Apartments for sale in Dubai Marina
The emirate's yachting community is a popular place to buy a highly liquid apartment in Dubai. Investors can select a suitable option from fully finished residences or favour under-construction properties. The latter offers the following advantages:
- Favourable cost without mark-ups, as the property is sold directly by the developer;
- The opportunity for gradual payment throughout the entire construction period, with partial payments made after the building is handed over;
- Gradual increase in price as the construction progresses towards completion, with a standard increase in value of 20%.
The main advantage of buying a ready-made apartment in Dubai Marina, UAE is the ability to immediately use the housing or rent it out, generating income. Additionally, the buyer can personally inspect the property and assess all its pros and cons.
Payment for the purchase of apartments or villas in Dubai is only possible through cashless means. Additionally, the use of cryptocurrency is acceptable. Foreign buyers have the option to conduct transactions remotely through a power of attorney to an intermediary, such as a real estate agent or lawyer.
Even unfinished apartments and flats in Dubai Marina can be purchased directly from the developer. In such cases, the buyer is typically required to make a down payment of 15-20% of the full price. The remaining amount is then paid in instalments as the building progresses. Many developers offer the option to pay 20% to 40% when the keys are handed over to the buyer. Additionally, there are options for gradual repayment of instalments over several years from the date of commissioning of housing. This option is convenient for investors planning to rent out apartments in the future, as payments for the purchase of housing can be covered by rental income.
Reasons for investing in an apartment in Dubai Marina
Buying apartments in Dubai Marina for investment is one of the reliable assets. The neighbourhood is very popular among tourists and locals. The main advantages of the area include the following:
- Excellent infrastructure: Featuring a large mall, numerous brand boutiques, trendy restaurants and cafés catering to every taste, a metro station and bus stops;
- Location on the beach and easy access to a well-maintained sandy beach with walking paths, food outlets and other infrastructure;
- Famous pedestrian promenade: Stretching along the bay where yachts are moored. Here you can admire the beautiful sea views, dine at a restaurant, rent a boat or leave your yacht for services at the local yacht club.
Renting accommodation in a prestigious coastal community is profitable, as rental rates for apartments here are steadily increasing. Over the last year, they increased by 11%. Currently, the cost of renting a small studio starts at USD 13,000 per year.
Buying apartments in Dubai Marina
The website Global Properties offers thousands of listings for sale, including apartments with varying number of bedrooms, small studios, luxury penthouses and duplexes, all located in the popular yachting community of the city. We exclusively collaborate with trusted sellers and reliable developers so that you can be sure of the reliability of the deal.
After selecting the right apartment for sale in Dubai Marina or any other location within the Emirates using our convenient search system, you can contact the seller to obtain all the details about the property, request additional photos and arrange for personal or online viewing.
The first stage of the sale involves signing a preliminary contract and make a deposit. Following this, the buyer verifies the documents about the property. Subsequently, the final contract is signed and the remaining amount, along with all necessary government fees and professional services, is paid. Finally, the title is registered with the Land Department.
If you have any questions regarding the selection and purchase of real estate on the portal Global Properties, you can contact the operator at any time using the feedback form.