There's a lot of things to love about Dubai Marina, from the lovely yacht settings, multiple eateries, and a glitzy way of living. Michelle Liddiard, our Dubai Marina Luxury Sales Specialist explains 5 tips for buying property in the area.
1. Perfect for investors
Due to its high rental occupancy rate, Dubai Marina is a great investment if you're looking for some rental income. "The Dubai Marina area has one of the highest number of transactions compared to any other community", says Michelle. The current annual rental yields stand at 6.34% as of January 2019, according to Property Monitor.
2. Buying a second-hand property may be worth it
With new developments popping up every few months all over Dubai, choosing the right one can be quite a hassle. Not just that, located in an area full of construction around you can prove to be quite inconvenient and noisy. However, in the Dubai Marina area, all of the plots are sold, with most of the projects finishing up within this year, thereby making the pricing 0f the properties relatively inelastic. Not just that, Dubai Marina is additionally home to some of the most beautiful, upgraded properties and numerous penthouses.
3. Views like no other
The Dubai Marina stands out as the ultimate community for skyscrapers in Dubai. Hot ticket properties include those with stunning views of the sea, beach, Palm Jumeirah as well as the Dubai Marina itself. These properties are often higher priced than the others, so the higher you go, the better!
4. Pick the right tower
5. Recognise the lifestyle
The Dubai Marina community is home to several young corporates & families, so if that's the type of community you wish to live in, then it would be the perfect place for you. The good thing about living in this community is that there are activities all year round and in terms of location, it's great for those who want to live close by to work, whether they work in the Dubai Marina area itself, the neighbouring JLT right opposite or even the free zone of Dubai Media City. The beach in JBR is also located a short walk away, and jogging around the marina never gets old either. Schools & nurseries are also located within close proximity. You can read more on our neighbourhood guide.