According to the latest real estate market reports, more and more people are renting/buying luxury flats in Dubai. The most popular locations in Dubai include Palm Jumeirah, Downtown Dubai, Dubai Marina, Emirates Hills, and many more.
Dubai Marina is gaining great responses from home seekers and tourists in Dubai. Dubai Marina is considered the most magnificent man-made structure, parallel to Dubai's coastline, covering 4.9 square kilometers. It is a great example of how skillfully a city can be created.
With over 200 buildings, Dubai Marina has the most sought-after properties, luxurious lifestyle, entertainment options, and a network of close-knit communities everyone desires. So many other factors make it a beautiful place to live in, including incredible sea views and high-rise apartments.
The article will explore Dubai Marina, including the cost of settling here.
Dubai Marina is one of the most incredible man-made wonders in the world. It opened in 2003 and is becoming an ideal destination for real estate investors. The place is well-connected to a network of roads, making you easily reach the city's prime destinations.
There are various magnificent high-rise apartments with beautiful waterfront backdrops for the residents to choose from. Its luxurious rental towers, the exquisite walking experience of up to 8 kilometers, various hangout destinations, and many upcoming projects offer an extra luxurious lifestyle.
In Dubai, about 60,000 apartments have been sold, of which 6000 units (10%) are in Dubai Marina. This is a clear sign that the neighborhood is one of the most desirable places to live for natives, immigrants, and businesses.
According to our Dubai yearly sales market report for 2022, Dubai Marina continued to be the most popular location for luxury apartments: Apartments for sale in Dubai Marina now cost an average of AED 1,501 per square foot, an increase of 11.6% from 2021.
There are several specialties about the Pros And Cons Of Living In the Dubai Marina Community from its strategic location to its exciting attractions.
Dubai Marina has a strategic location, recognizing it as the "heart of the city." The place is directly adjacent to Jumeirah Beach Residence (JBR). Its presence on Sheik Zayed Road makes it closer to commercial hubs like Dubai media city, Dubai internet city, Jumeirah lake towers, and others.
This helps the resident or tenant access an invigorating lifestyle and free-spirited atmosphere. It offers the most magnificent views of luxury skyscrapers and the marina. You can commute to the entire Dubai via public transport, metro, or water taxis.
The place is the true definition of uniqueness, and it helps the residents to enjoy their weekend with spectacular fun activities. You can have fun yachting at Dubai Marina Yacht Club, watch spectacular water sports at Marine Club, or enjoy various shopping at Dubai Marina Mall.
Bring the most affluent residential place in Dubai, which has stunning architecture and landscaped walkways that look so visually appealing that you can't miss buying a property here
One of the most significant advantages of living in Dubai Marina is the waterfront lifestyle access. You can easily walk down to the beaches and indulge in the thrilling experience with many fun activities.
From flyboarding to jet skiing, the place has everything for everyone. Even when you have nothing to do, you can soak in the beauty of the sun and sea. Real estate investors highly target the place since it has well-planned studios that are greatly in demand.
Traditionally, Dubai Marina is considered one of the most sought-after housing communities in the entire UAE. It has an occupancy rate of over 90%, making it a great investment option for realtors. Also, it has a high rental yield of about 7.04%.
With top community projects such as the Sobha Seahaven, DAMAC Bay Cavalli, EMAAR Marina Shores, and many more, it is offered 1- 5 bedroom apartments and duplexes. Also, it offers great amenities, including a health club, valet services, BBQ areas, and much more.
Dubai is an excellent place to settle in. However, many people never consider it, thinking it is too expensive to live here. But in reality, you can experience the luxuries when spending money in a planned way.
Let's have a look at the breakdown of each expense to get a clear understanding of how things might go in Dubai. These basic expenses can go beyond the utilities and expenditure habits.
The accommodation cost in Dubai Marina can vary greatly depending on the apartment's size, location, and amenities. You can choose between apartments, penthouses and duplexes in the city’s prominent high-rise buildings, which can cost you between AED 1.5 Million to AED 3.18 Million.
Some popular residential towers in Dubai Marina include Marina Crown, Marina Pinnacle, and Al Majara. It's important to note that these prices are subject to change based on the current market conditions and demand.
Dubai Marina offers various supermarkets and grocery stores, including Spinneys, Carrefour, and Waitrose. The cost of groceries can vary depending on your shopping habits and dietary preferences.
On average, a single person can expect to spend anywhere between AED 2000 to AED 2200 monthly on groceries. This includes milk, bread, vegetables, fruits, and meat. However, the cost can increase significantly if you prefer to shop at organic or specialty stores.
Dubai Marina is home to several top-notch healthcare facilities offering various services. Some of the area's most popular hospitals and clinics include Emirates Hospital, Mediclinic Dubai Marina, and Marina Medical Centre.
These facilities offer various medical services, including emergency, primary, and specialty care. Expats must have health insurance under UAE law, and choosing a policy that offers coverage for medical treatment in public and private hospitals is advisable.
Dubai Marina is home to several schools and universities that offer quality education. Some of the most popular schools in the area include Dubai British School, Emirates International School, and Horizon International School.
For higher education, the Dubai Knowledge Park is a popular destination offering various programs from universities and colleges worldwide. However, it's important to note that education in Dubai can be expensive, and it's important to budget accordingly. It's also advisable to research the different schools and universities in the area to find the best fit for your child's educational needs.
In addition to the above expenses, there are a few other costs to consider when investing in Dubai Marina. These include the internet and entertainment. The cost of leisure activities can vary depending on your mode of travel, with taxis and ride-sharing services being more expensive than public transportation. Other expenses are around AED 3000 per month, and the cost of entertainment can vary greatly depending on your preferences.
The most recent data from the Dubai Land Department (DLD) shows that AED 265 billion in sales was made in 2022. And out of this number, a major portion was attributed to sales in Dubai Marina.
Here are the top leading communities of Dubai Marina:
DAMAC Bay Cavalli
The DAMAC Bay Cavalli is a brand new property development in Dubai Marina. The place has a beautiful, luxurious apartment with 1, 2, 3, 4, and 5 bedrooms and duplexes. It is the most distinct waterfront neighborhood where you get better connectivity to the city's most prominent places, such as the Marina, Palm, and Burj Khalifa.
Further, it offers bespoke premium amenities such as:
Its wonderful architecture and luxurious furnishing will truly take your breath away. It is a great investment opportunity that can generate massive ROI.
EMAAR 5242
EMAAR 5242 are majestically high-rise residential areas in dubai, 52 and 42-story buildings hosting 260 and 162 luxurious residential units. Here, the architecture is inspired by the nautical theme, which is magnificent like never before. It has 1, 2, and 3-bedroom apartments for a modern aesthetic setting, providing a high standard of living to people out there.
The amenities include:
It is the first choice for the most sophisticated and elegant people who want full amenities. In the meantime, residents can stroll at the water's edge for the most energetic vibe at the city's prominent location.
SOBHA Seahaven
SOBHA Seahaven is an incredible housing society in Dubai Marina which is far aside from the rush and bustle of the city, making it a peaceful city to live in. the place offers the most stunning views of the Palm Jumeirah, Dubai Harbour, and the Burj Al Arab. You can experience a luxurious life here, unlike other developments in Dubai.
Here are the amenities that you can get:
Here you can choose the different luxurious 3-bedroom apartments with spectacular sea views. It will truly make you discover your piece of heaven.
SOBHA Marina Dubai
SOBHA Marina is the newest residential development that offers 1, 2, and 3-bedroom apartments with plentiful amenities. The project is completed using the most modern design principles. Here people of all age groups can live up to the new living experience as per their needs & requirements.
Here are the amenities you will have here:
The location offers a genuine sense of water, and its calm atmosphere gives a burst of freshness throughout. Your lifestyle will improve if you move here, and your investment will prosper.
EMAAR Marina Shores
EMAAR Marina Shores is the ultra-refined housing community in the dubai area where you can experience a waterfront lifestyle. Here, you can choose from 1 to 5-bedroom luxury apartments & penthouses. This is nothing more than a resort-like experience. The homes in Marina Shores include living spaces ranging from 745 square feet to 8,161 square feet.
The amenities of this development include:
Also, there are many entertainment opportunities in the Marina Shores neighborhood, from gourmet dining and nightlife to family-friendly pursuits.
Dubai Marina is a luxurious and vibrant residential area that offers a wide range of amenities and activities. While living in Dubai Marina can be expensive. The cost is justified by the high quality of life and the convenience of living in a bustling metropolitan area.
The cost of accommodation in Dubai Marina can vary, but the area offers a range of options to suit different budgets and preferences. Groceries and utilities are also relatively affordable, and public transportation is readily available, making it easy to get around the city.
Healthcare and education options are top-notch, and there are plenty of entertainment options to keep residents engaged and entertained. From upscale restaurants to stunning beaches, Dubai Marina offers something for everyone.
With proper planning and budgeting, living in Dubai Marina can be a dream come true for those who seek a luxurious and convenient lifestyle. The cost of living in Dubai Marina is a small price to pay for the unparalleled experience of living in one of the most prestigious areas in the world.
Dubai Housing is the place to go if you invest in a property in the Dubai Marina region. They will help you find the most sought-after properties that meet your expectations in all segments. Get in touch today!
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