Complete New Build Residential Complex in Dubai Marina | 273 units incl. 10 % net return
A 3-year-old building in the Dubai Marina is for sale. The building comprises B+G+25 floors and has a land area of 67,869 square feet (6,342.89 m2). The total usable area is 333,147 square feet (31,135.23 m2). There are a total of 273 apartments, including 100 studios, 133 one-bedroom units and 40 two-bedroom units. Each floor consists of a combination of studios, 1BR and 2BR. On the ground floor there is a reception, a lobby and 10 retail shops. The building is fully furnished and offers amenities such as a pool, gym, business center, restaurant, cafe, bar and ground floor retail shops. The building is sold with a freehold title. The owner currently runs the building himself through his Holiday Homes agency. The selling price is AED 350,000,000 (approximately €87.5 million) and the rental income is AED 32.5 million (€8.125 million). The return is 9.3% and the factor is 10.7.
A LUXURY ARTIFICIAL MARINA
Dubai Marina is home to an array of yachts, restaurants, and shops on a strip that directly borders the beach behind Jumeirah Beach Residence (JBR). A stunning area that delights its residents who have bought their glitzy homes with a cosmopolitan, free-spirited vibe and unique, invigorating lifestyle. It is about 3.5 km long and has 11 km of seafront. Cafes and restaurants as well as high-quality clothing stores line the waterfront. Strategically located on Sheikh Zayed Road, it is close to business and commercial hubs and a short drive from most of Dubai's hotspots and tourist attractions, benefiting those renting apartments in the area. Dubai Marina encourages Riviera-style living in a modern aesthetic with its 50 million square meters of space and boasts an array of some of the world's tallest luxury apartment buildings and villas available for purchase or rent within the port.
A scintillating life for singles Although the strategic location in New Dubai allows families to settle here, Dubai Marina's nightlife is better suited to singles in Dubai. The stylish and sophisticated man-made marina is home to cosmopolitan restaurants and trendy late-night lounge destinations. In the heart of the marina are more than 180 desirable high-rise complexes.
One of the city's most desirable destinations, Dubai Marina boasts unmatched amenities nearby including Dubai Marina Mall, Marina Walk, Dubai Marina Yacht Club, Pier 7, The Address: Marina, and many more, all via the many taxis that are always available, and direct public transport connections can be reached.
– Nearest metro station: Damac Properties metro station
– Nearest Tram Station: Dubai Marina Tram Station
– Nearest school: Wellington International School
– Nearest Hospital: Emirates Hospital
– Dubai International Airport: 26 minutes drive.
Directly accessible by public transport: Dubai Metro, Dubai Tram and Dubai Water Taxi.
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ADVICE & PURCHASE PROCESSING:
The Oryx Real Estate Group is based in Dubai and Hamburg and is well connected. We offer you highly professional and holistic advice on the real estate market in Dubai. We accompany you during the entire purchase process through our real estate agency from A to Z and make your property purchase as uncomplicated as possible.
CAPITAL INVESTMENT | INVESTMENT:
We have already carried out specific rental price research for this location and can therefore provide you with valuable information on capital investments.
ADDITIONAL PURCHASE COSTS:
When purchasing, you only need to pay 4 % of the DLD registration fee and the cost of registering ownership rights of a maximum of €1,000. For an existing property, there is an additional broker commission.