Resale properties for sale in Dubai Marina
Dubai Marina is an ideal place for a rich social life. This high-rise area is located in the southwestern part of Dubai around an artificial bay. In the future, it will contain the world's largest marina, which will attract many foreigners. Real estate in the district includes residential skyscrapers with the best apartments in Dubai, including secondary housing in Dubai Marina.
If you want to live in one of the most stylish areas of the city, there is no better place than Dubai Marina. The Ax. Resales website presents the best secondary property for sale in Dubai Marina, the UAE, from trusted homeowners and local developers with famous names. Start searching for your dream apartment today!
Features of the area
Opened in 2003, the artificial marina occupies three kilometers of the coastline. This district has quickly become one of the most sought-after freehold areas among overseas customers in the emirate. Dubai Marina is famous for its entertainment venues, shopping malls, and mind-blowing skyscrapers. A truly luxurious lifestyle reigns here, attracting the wealthy.
The community is well-known among both tourists and locals. There are more than 200 skyscrapers with beautiful views of the Persian Gulf coast and the marina. Buyers and investors can select cozy studios and spacious apartments with one or more bedrooms, as well as penthouses, lofts, and villas from the extensive catalog of the local property market.
It will never be boring here, thanks to the variety of leisure and recreation areas, which will attract many people to an idyllic life. Below are several key locations in the city:
- The Marina Walk is a seven-kilometer embankment around green palm trees with numerous cafés and restaurants serving international cuisine.
- Marina Beach is a coastal complex with diverse bars, restaurants, shops, and clubs with a sandy beach.
- Marina Mall is a large, 36,000 m2, four-level shopping mall, one of the main malls in the emirate and is home to various branded boutiques, shops, cafés, and restaurants.
- Ain Dubai is the world's largest Ferris wheel. It is not part of the district and is located on Bluewaters Island, closer to the end of the pier. Its height is 250 meters., It is of great interest to tourists from all over the world as a local attraction even though it is closed.
In addition to The Beach in the district, there is also a beach nearby in the Jumeirah Beach Residence. Both are designed for family holidays and offer entertainment for children, from inflatable water parks to tiny trains and camel rides. There is also much for adults to do such as: relaxing in a gazebo, swimming in the sea, beach volleyball, jet skiing, or wakeboarding, as well as browsing the coastal markets.
The area has well-developed public transport and established communications with other parts of the city. Thanks to the access to the Sheikh Zayed Road from the community, you can drive, for example, to Dubai Mall and Burj Khalifa in just 15-25 minutes.
Secondary real estate prices
Magnificent high-rise residential complexes and prestigious hotels combine with picturesque gardens and green spaces. The well-thought-out infrastructure of the district and its convenient position near the key locations of the emirate attracts many young professionals from all over the world, as well as those who have settled here and are looking for a place to live that is close to their work.
Most of the visitors to this fashionable area are from Dubai Media City, Jebel Ali Free Zone, and JLT. In addition, people working in Abu Dhabi, the capital and the second-most populous city of the United Arab Emirates, but living in Dubai, prefer to live in apartments with a favorable resale property cost in Dubai Marina. This makes it easy to get to work. In this cosmopolitan and multicultural district, surrounded by numerous skyscrapers, hotels, shopping malls, cinemas, cafés, and gourmet restaurants, there is something for everyone.
Below are the prices that will be useful to anyone who plans to buy a secondary property in Dubai Marina for investment or permanent residence:
- The average asking sale price for resale real estate in the district is AED 1.33 million ($362,000);
- The average sale price is AED 1.02 million ($279,000);
- The average rental price for the secondary housing stock in Dubai Marina is AED 90,000 ($24,500) per year;
- The average gross income is 6.80%.
Prospects for secondary properties in Dubai Marina
Compared to off-plan real estate in Dubai, ready-made properties are a more attractive option for both end-users and overseas investors, as either of these groups will benefit more quickly from real estate or rental income. At the same time, the risks of investment resale property in Dubai Marina are lower than for off-plan projects that could be postponed for a period of time.
Since the beginning of the year, rental prices have risen by 23.7% in the emirate and by over 35% in the district, suggesting that buying secondary real estate for sale in Dubai Marina for foreigners can be a profitable investment and is a favorable business.
The overall annual sales results show that the annual volume of transactions in the secondary market increased by 61.17%, and their value grew by 91.47%.
You can find out the prices in euros and dollars for secondary homes in the community in the catalog on the Ax. Resales website!
Buying a secondary property in Dubai Marina
Are you planning to buy a house in Dubai near the coast? Then the best option for finding a ready-made property in the community will be Ax.Resales! On the website, you will find secondary real estate prices in Dubai Marina, detailed real estate descriptions, and photos. You can buy a resale property in Dubai Marina with the advice and support of experienced specialists.