Residence Market Report
Investment Performance Highlights Over The Current Market Year
Over The Year Median Sales Price
Over The Year Sales Price / Sqft
Over The Year Rental Median Price
Over The Year Rental Price / Sqft
Marina Residence the Palm
Marina Residence the Palm Jumeirah.
Marina Residence the Palm Jumeirah is a luxurious residential development located on the iconic Palm Jumeirah in Dubai, United Arab Emirates. It offers stunning waterfront apartments with breathtaking views of the Arabian Gulf and the Dubai skyline. Six Individual Buildings of total 940 units. Each building is a 15 storey residence. Apartments are 2BR & 3BR. Also, it includes 48 three storey townhouses.
Why Invest in Marina Residence the Palm Jumeirah?
1. Prime Location: The Palm Jumeirah is one of the most prestigious and sought-after locations in Dubai. Investing in Marina Residence allows you to own a piece of this exclusive island paradise.
2. High Rental Demand: The Palm Jumeirah is a popular tourist destination, attracting millions of visitors every year. This creates a high demand for rental properties, making it an ideal investment opportunity.
3. Luxury Living: Marina Residence offers luxurious amenities and facilities, including swimming pools, gyms, landscaped gardens, and 24-hour security. It provides a high standard of living for residents and attracts affluent tenants.
Investment Reports and Statistics
According to recent investment reports and statistics:
- The average rental yield in Marina Residence is 7-8%, which is considered high compared to other areas in Dubai.
- Property prices in Marina Residence have shown a steady appreciation over the years, making it a lucrative long-term investment.
- The occupancy rate in Marina Residence is consistently high, ensuring a steady rental income for investors.
Q: Can foreigners buy property in Marina Residence the Palm Jumeirah?
A: Yes, foreigners are allowed to buy property in Marina Residence the Palm Jumeirah. Dubai offers freehold ownership to expatriates in designated areas, including the Palm Jumeirah.
Q: Are there any financing options available for Marina Residence properties?
A: Yes, there are several financing options available for Marina Residence properties. Banks in Dubai offer mortgage loans to eligible buyers, making it easier to invest in this prestigious development.
Q: Are there any additional costs associated with owning a property in Marina Residence?
A: Yes, as a property owner in Marina Residence, you will be responsible for service charges, maintenance fees, and other community-related expenses. These costs contribute to the upkeep and maintenance of the development.
Q: Is Marina Residence the Palm Jumeirah a freehold property?
A: Yes, Marina Residence the Palm Jumeirah is a freehold property, allowing buyers to have full ownership rights.
Investing in Marina Residence the Palm Jumeirah offers a unique opportunity to own a luxurious waterfront property in one of Dubai's most prestigious locations. With high rental demand, steady appreciation, and a range of amenities, it is an attractive investment option for both local and international buyers.