5 tips for buying property in Dubai Marina

Michelle Liddiard reveals 5 key tips to buying property in Dubai Marina

10 Mar 2019, words by Aneesha Rai in The Guides

Tips for buying property in Dubai marina

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

Amazing Full Marina Views.Fully Furnished 3BR.

Apartment in Dubai Marina

Marina Promenade, 3 bedrooms

AED 200,000

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

Stunning 3BR Penthouse on Ground Floor in Dubai Marina

Penthouse in Dubai Marina

Park Island, 3 bedrooms

AED 6,050,000

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

Four bedroom Penthouse in Dubai Marina; Marina Gate 1

Penthouse in Dubai Marina

Marina Gate, 4 bedrooms

AED 12,000,000

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

Two bedroom apartment in Le Reve, Dubai Marina

Penthouse in Dubai Marina

AED 13,500,000

LIV Residence Studio for sale in Dubai Marina

Studio in Dubai Marina

AED 854,548

Fully Upgraded 3 Bedroom Villa in Dubai Marina

Villa in Dubai Marina

AED 6,500,000

While there are an ample amount of towers in the area, it will be best to choose the right location & development. Some of the best towers in the area according to Michelle include Emaar Six Towers, Le Reve, and Liv Residences.

5. Recognise the lifestyle

Dubai marina 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.