Dubai Marina: Where high net-worth individuals choose to stay and play

United Arab Emirates Dubai Marina is one of the main tourist hotspots of the city, known for its beaches, entertainment and an active nightlife.

High-net-worth individuals choose to stay and play at Dubai Marina in the United Arab Emirates because of its gleaming ultramodern residential towers and pulsating nightlife when they want to escape the world while remaining in the middle of everything.

Dubai Marina is a master-planned waterfront neighbourhood carved out of the desert in 2003. It is 15 to 20 minutes from the city's main cultural attractions.

It's a really active neighbourhood that is being created in stages, which heightens the excitement. When it's finished, it will be home to about 120,000 uber elites.

Where is Dubai Marina located?

Northeast of Sheikh Zayed Road, the primary highway connecting Dubai with Abu Dhabi, the capital city of the United Arab Emirates, is where you'll find Dubai Marina, a 1.9-mile-long man-made canal along the Arabian Gulf. Al Marsa Street borders it on the east and north, Al Seba Street borders it on the south, and King Salman Bin Abdulaziz al Saud Street borders it on the west.

Property prices in Dubai Marina

Both purchasers and investors are drawn to Dubai Marina, with houses being rented out to both year-round residents and short-term tourists.

The price range for condos in Dubai Marina's towers starts at AED430,000 (US$117,070) for studios and rises to an average of AED7.6 million for five-bedroom penthouses measuring 3,617 to 15,320 square feet. For AED 56 million, buyers have access to the neighbourhood's most extravagant penthouses.

Some of those penthouses may be found at the Le Reve tower, where full-floor luxury homes can be purchased for up to AED$47 million.

AED 2.1 million to AED 8.5 million is the price range for three-bedroom villas, while AED 4 million to AED 17 million is the typical range for four-bedroom models.

Dubai Marina's housing stock

Its, more than 300, cutting-edge glass residential condo skyscrapers at Dubai Marina are a recognisable feature of the city's skyline. The earliest ones were constructed in 2003, and newer ones are being added in stages.

Some of the more recent towers elevate the district's architectural design to astounding heights. Cayan Tower, also known as Infinity Tower, is one of the most notable examples. It is a 1,000-foot-tall skyscraper with each level offset by 1.2 degrees from the floor below it to create a twisting structure that initially appears impossible.

Several towers, including Marina Quays, Park Island, Al Majara Towers, and the Vida hotel, have been constructed by Emaar, the developer of Dubai Marina.

While the majority of housing is made up of condos in gleaming architectural complexes, there are a few developments with a small number of cutting-edge podium villas to attract investors. It's one of the city's few areas with spacious apartments.

What makes Dubai Marina so unique?

Living near water appeals to everyone, and the marina offers breathtaking vistas. There are many places in Dubai that might have some sea views, but Dubai Marina stands out from its rivals Downtown or Creekside because it is so close to the shore.

This neighbourhood is unique in that you don't necessarily need a car to live there and can walk around the marina. And if you go for a walk early in the morning, you may see skydivers jump over the water or grab a coffee while admiring the yachts.

The variety of countries represented here and the mixture of cultures make it a true reflection of Dubai.

Luxury amenities in Dubai Marina

Dubai Marina is known for its restaurants, shopping, and nightlife.

The neighbourhood draws tourists from all over the city, and on the weekends, its restaurants are frequently crowded. You will be spoiled for choice when it comes to food if you live in Dubai Marina.

The go-to location for luxury labels like Cole Haan, Kate Spade, and Hugo Boss is Dubai Marina Mall, which features 140 stores and 21 restaurants on its four levels. Residents who are daring, take the designated zipline there.

The 4.3-mile Dubai Marina Walk pedestrian walkway has 305 stores and 69 restaurants. It contains Pier 7, a circular structure that is a necessity to visit and is a culinary journey with a different restaurant on each of its seven stories.

Cargo, a rooftop bar with a diversified menu and decor inspired by 1960s Hong Kong, is one of Pier 7's dining establishments. Asia Asia is another - rooftop restaurant and lounge.

Dubai Marina has a lot of popular bars. They consist of the beach bar Barasti, the Buddha Bar, which has sculptures and pictures of its namesake, and the Jetty Lounge, which serves food both inside and on the beach.

In the area, you'll also find the 5 Gold Anchor award-winning, Dubai Marina Yacht Club marina.

The Beach at JBR, one of the region's most well-known attractions, is situated close to Dubai Marina on the Persian Gulf. The Jumeirah Beach Residence, which boasts 35 residential towers and five hotel towers, is advertised as the largest single-phase residential building in the world. It is a leisure complex with outdoor eating options and sandy stretches.

Who lives in Dubai Marina?

The wealthy residents of Dubai Marina come from all over the world, including a large number of Europeans, Americans, British, Australians, Indians, and Pakistanis.

Tennis champions Kristina Mladenovic and Jelena Jankovic as well as 20-time Grand Slam champion Roger Federer all have residences in Dubai Marina's Le Reve development.

Dubai Marina's outlook

Dubai Marina is still one of the most sought-after destinations for investors and tenants because Dubai is a tax-free haven that grants investors Visa-easy residence.

Buyers are favouring newer buildings because they have more amenities and have generous payment plans, so vendors of older units must now compete with the brand-new towers at reasonable pricing.

Demand has exploded since the pandemic breakout, opening up new options. Buyers in general and investors, in particular, have enjoyed a boom. One of the busiest commercial districts in the city and a great place to invest in is Dubai Marina.

Since millennials often rent in Dubai Marina, the cheaper rates have allowed owners to upgrade to newer towers and have made it possible for them to purchase homes. a change in demographics.

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