Buy Property in Dubai Marina

Buy Property in Dubai Marina
Study time: 11 minutes
Aug . 24 . 2023

Dubai is one of the enticing cities for buying property and living. The United Arab Emirates, with its well-defined and precise real estate policies, has successfully attracted foreign investors towards this jewel of a region. Among all the available options for living in the UAE, buying a house in Dubai Marina holds significant popularity, even with over 200 skyscrapers in this area!

If you're eager to learn about the details of buying a house in Dubai Marina, such as getting information about house prices in Dubai Marina, feel free to stay with us until the end of this article on New Way. We'll provide you with comprehensive and complete information in this regard to assist you.

Why Buy Property in Dubai Marina?

Dubai Marina is the name of one of the most prestigious areas in Dubai. The presence of residential towers, elegant and luxurious hotels, commercial centers, and more, alongside the blend of urban and coastal life that Marina offers, has made living in this part of Dubai immensely popular.

The residential towers in this area boast state-of-the-art recreational and leisure facilities, and the best healthcare and educational centers are also located here. It can be affirmed that by buying a house in Dubai Marina, easy and quick access to all daily necessities at any time of the day is provided. Dubai Marina is designed for those who desire a lavish and distinctive lifestyle in an urban-coastal environment. In the following, you will become more familiar with the unique features of this place.

Getting to Know Dubai Marina

Over the decades, Dubai has transformed from a desert and arid environment into a luxurious and modern city, gaining global recognition with skyscrapers like the Burj Khalifa among others. This global fame is attributed to the forward-thinking of the UAE officials who constantly strive for Dubai's further development with innovative ideas.

The Dubai Marina project, or the largest coastal development, is one of those appealing and innovative ideas! That's why buying a house in Dubai Marina has become highly popular today, even though not all of its sections have reached the operational phase yet.

It's interesting to note that when this project is completed, Dubai Marina will surpass California's Marina del Rey as the world's largest human-made marina, turning into the largest marina ever constructed by human hands, from scratch to finish!

History of Dubai Marina Construction

The idea for Dubai Marina's construction was inspired by a place called False Creek in Vancouver, Canada. The design of Dubai Marina was carried out by HOK Canada, and its construction and development were undertaken by Emaar Properties. Engineers used the waters of the Persian Gulf to create the shoreline of Dubai Marina.

The method of water transfer to the dry land involved creating an artificial canal in the area and then laying a 3-kilometer-long water conduit from the Gulf to this area, shaping Dubai Marina as it is today. Upon completion, approximately 120,000 people can live in this area by purchasing penthouses, houses, apartments, and villas.

Dubai Marina Water Canal in 2000 - Newway Properties

The Purpose of Building Dubai Marina

One of the main goals of constructing Dubai Marina was to boost Buy Property in Dubai and develop tourism by attracting tourists and travelers from all around the world. With the successes that this project has achieved and the popularity that buying a house in Dubai Marina has gained, it can be said that UAE officials have managed to fulfill their objectives. Dubai Marina has everything needed for both living and tourism!

Facilities in Dubai Marina

The UAE has managed to expand its real estate industry to a significant extent by adopting good domestic and international policies, attracting people from around the world interested in living and investing in this sector.

Interestingly, for all preferences, various residential areas have been built in Dubai to allow everyone to choose the suitable area for living based on their needs, budget, and desired quality of life. One of the most renowned of these areas is Dubai Marina, and some of its facilities are mentioned below.

Proximity to Top Shopping Centers like Dubai Marina Mall

When you buy an apartment in Dubai Marina, the best shopping centers are always within your reach! Living in close proximity to modern and large shopping centers is a privilege we always consider when buying a house. One of the facilities in Dubai Marina is its proximity to the remarkable Dubai Marina Mall. It's worth noting that Dubai Marina Mall is only a few minutes away from the famous Jumeirah Beach.

This shopping center, spanning 4 floors, includes 140 stores where renowned fashion, cosmetics, sports equipment, and home goods brands from around the world such as Hugo Boss, American Vintage, Mac, and Adidas operate. This fact makes Dubai Marina properties an excellent choice for living. Additionally, many well-known restaurants and cafes like Starbucks have branches in this shopping center.

Overview of Dubai Marina Mall from above - Newway Properties

Easy Access to Educational Centers

The proximity of your residence to educational centers is a crucial factor in choosing a place to live. Fortunately, a considerable number of Dubai's finest international schools such as Regent International School, Dubai American Academy, Marina Village Nursery, and Emirates International School, catering to various age groups, are located in the Dubai Marina area.

Convenient Access to Medical Facilities

In Dubai Marina, you'll find the best hospitals and medical centers like Mediclinic, Medcare Center, dental and beauty clinics, and more, which are ready to meet your needs at any time of the day.

Walking in Dubai Marina

Walking is an activity that almost everyone worldwide enjoys. Luckily, Dubai Marina (Dubai Marina Walk) is designed in a way that enthusiasts of this exercise can stroll in an exceptional environment and enjoy the sights of shopping centers, restaurants, skyscrapers, and the marina.

Sports and walking place in Dubai Marina area - Newway Estate

Building Projects in Dubai Marina

Numerous projects have been undertaken by large construction companies in Dubai and the UAE in the Dubai Marina area, some of which, like Marina 101, hold regional and global records. These projects feature luxurious and modern apartments and penthouses with breathtaking and unique views. Below are details about some of them:

Marina 101

Dubai's Marina 101 is renowned for its towering presence! Marina 101 is one of the magnificent and grand towers built in this area. With 101 floors and a height of 425 meters, Marina 101 has succeeded in claiming the title of the tallest building in the United Arab Emirates after the Burj Khalifa in Dubai.

Additionally, Marina 101 Dubai has secured the 32nd rank among the tallest buildings globally. The first 33 floors of this tower, featuring 281 units, are designed as a 5-star hotel, while the remaining floors of Marina 101 are residential. The top floor houses a restaurant, a club, and a store.

The presence of a glass elevator in this tower allows residents and tourists to enjoy Dubai's beautiful scenery while using it. Other amenities such as parking space for 665 vehicles, recreational areas, and more have also been incorporated to ensure the residents' comfort.

Marina Tower 101, a beautiful view from the top of the tower - Newway Properties

Jumeirah Beach Residence

Jumeirah Beach Residence (JBR) is another highly popular project for buying property in Dubai Marina, favored by those seeking a luxurious lifestyle. JBR is bordered by both Dubai's avant-garde cityscape and the Persian Gulf. Advantages of buying an apartment in JBR Dubai Marina include easy access to major commercial centers like Dubai Internet City, Dubai Media City, The Walk at JBR, and more.

Moreover, the presence of top-tier restaurants, spas, recreational facilities, and proximity to famous Dubai landmarks like Downtown Dubai has greatly enhanced JBR's appeal for residents and tourists alike. The amenities of Jumeirah Beach Residence include a dedicated gym, rooftop swimming pool, and more.

House Prices in JBR Dubai

The price of a house in JBR Dubai varies based on amenities, the number of bedrooms in each unit, and other factors. On average, the price of a one-bedroom apartment in Jumeirah Beach Residence Dubai Marina ranges from approximately AED 1,600,000 to AED 2,040,000. The price of a two-bedroom apartment in JBR Dubai Marina ranges from approximately AED 2,680,000 to AED 5,770,000.

Similarly, the price of a three-bedroom apartment in JBR Dubai Marina ranges from approximately AED 4,150,000 to AED 5,360,000.

Jumeirah Beach Residence with beautiful Jumeirah Beach - Newway Properties

Marina Shores

Marina Shores is one of the popular projects in Dubai Marina, built by one of the most renowned real estate companies called Emaar. Marina Shores offers amenities such as its proximity to well-known restaurants and cafes, excellent recreational facilities, easy access to the Dubai Metro, tram, water taxis, and more. Due to these features, it is recognized as a suitable area for residence in Dubai.

The price of buying an apartment in Marina Shores Dubai Marina starts from AED 1,500,000, varying based on the number of bedrooms and the amenities of each unit.

Marina Shores Tower Project in Dubai Marina - Newway Properties

Cavalli Tower

Cavalli Tower, a 70-story tower, is one of the projects in Dubai Marina, built in collaboration with the renowned designer Roberto Cavalli by the real estate company Damac. The units in this tower are fully furnished and have different designs depending on the number of bedrooms and the area. One of the advantages of buying an apartment in Cavalli Tower Dubai Marina is the opportunity to enjoy the best restaurants, cafes, spa facilities, a water park, and more.

The 70-story Cavalli Tower in Dubai Marina - Newway Properties

Buying Property in Dubai Marina

When it comes to residing and living in Dubai Marina, you have numerous options at your disposal. Depending on your preferred lifestyle and the space you need, you can proceed to buy property in Dubai Marina. It's worth mentioning that all units in this area come with fitness clubs, designated parking, and recreational facilities.

Property Prices in Dubai Marina

In general, property prices for houses, villas, apartments, and penthouses in Dubai Marina vary due to factors like the construction company, area (square meters), unit design, number of bedrooms, location, and more. The following are the prices for each of these categories.

Apartment Prices in Dubai Marina

The price of buying an apartment in Dubai Marina varies based on the apartment's square footage, number of units, and other amenities that might be included. Some units might offer different amenities, which can affect the pricing. However, as a general range, apartment prices in Dubai Marina typically start from around AED 570,000 and can go up to AED 4,550,000 Emirati Dirhams.

Suggested article: Buy Apartment in Dubai

Penthouse Prices in Dubai Marina

A penthouse is a unit within an apartment building or tower that is typically located on the top floor. Penthouses generally offer more amenities to their residents compared to regular apartments. On average, the price of a penthouse unit in Dubai Marina ranges from approximately AED 1,950,000 to AED 75,000,000 Emirati Dirhams.

Villa Prices in Dubai Marina

In Dubai Marina, there are various types of villas catering to different tastes. The price of villas in Dubai Marina varies based on the space they offer, square footage, and number of bedrooms. As a general range, the average price of a two-bedroom villa in Dubai Marina is approximately between AED 1,500,000 to AED 6,000,000 Emirati Dirhams.

Suggested article: Buy Villa in Dubai

Renting an Apartment in Dubai Marina

If you wish to live in Dubai Marina but have no intention of purchasing property in this area, you can take advantage of the option to rent an apartment in Dubai Marina. Generally, the cost of renting apartments in Dubai Marina varies based on size, features, and location. On average, apartment rental prices in Dubai Marina range from around 12,000 Emirati Dirhams to 140,000 Emirati Dirhams per year.

A beautiful view of Dubai Marina's skyscrapers and recreational boats - New Way Real Estate

Advantages of Buying a Home in Dubai Marina

  • By now, you've surely grasped the general advantages you gain from buying a home in Dubai. In this section, we delve into other benefits of purchasing a home in Dubai Marina:
  • Easy access to maritime recreational activities, such as observing boats and yachts using the available boats at Dubai Marina's dock
  • Being neighbors with Dubai's renowned skyscrapers
  • 24/7 security and surveillance using the world's most advanced facilities
  • High level of security in the Dubai Marina area

Disadvantages of Buying a Home in Dubai Marina

Alongside all the advantages mentioned regarding buying a home in Dubai Marina, there are also a few drawbacks associated with purchasing property in this area. We discuss them below:

  • The high cost of buying and renting properties in this area compared to more affordable areas in Dubai (given the high construction quality, these prices are reasonable)
  • Possible disturbance from ongoing construction projects, which might not be desirable for residents.

Conclusion on Buying a Home in Dubai Marina

In this article, we've aimed to explain all the points regarding buying a home in Dubai Marina to you. We hope this content has caught your attention, and at New Way, we've managed to provide you with valuable information in this field. If you have specific points or questions in this regard, feel free to contact us anytime through the available communication channels on the website, so that our New Way consultants can promptly respond to your inquiries.

In this Newway article, we have attempted to provide you with valuable information for selecting one of the best neighborhoods in Dubai for investment by comprehensively examining Dubai Marina and project price ranges.

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