Apartments for sale in Princess Tower

Your Guide to Apartments for Sale in Princess Tower

Princess Tower rises 414 metres above Dubai Marina, claiming its place among the world's tallest residential buildings. Completed by Tameer Holdings in 2012, this 101-storey landmark was designed by Eng. Adnan Saffarini. The building's postmodern architecture features a distinctive domed crown that sets it apart from the surrounding skyline.

The tower houses 763 residential units across its floors, with six basement levels providing over 900 parking spaces. Its position in Dubai Marina's "Tallest Block" places it slightly closer to the sea than neighbouring structures, giving residents better water views.

Buyers looking at apartments for sale in Princess Tower can choose from 1, 2, and 3-bedroom units, plus larger penthouses and duplexes with 3, 4, or 5 bedrooms. The smallest 1-bedroom apartments start at roughly 860 square feet, while the top penthouses stretch beyond 6,000 square feet. Since the tower sits in a freehold area, foreign buyers can purchase property here without restrictions.

The building attracts both investors and long-term residents. Data shows that 96% of tenants sign long-term contracts, pointing to high satisfaction rates. The tower's central location near the tram and Marina Walk keeps demand steady throughout the year.

Market Overview of Apartments for sale in Princess Tower, Marina

Prices for apartments in Princess Tower, Marina vary based on size and layout. One-bedroom units typically sell between AED 1.4 million and AED 2 million, while 3-bedroom apartments can reach AED 3.5 million based on recent sales.

Unit sizes range from 859 square feet for 1-bedroom apartments to over 6,000 square feet for the largest penthouses. The building offers residents access to indoor and outdoor pools, a fully equipped gym, a 97th-floor observation deck, and a children's nursery.

Investment Potential and Rental Yields

Princess Tower, Dubai, delivers an average rental yield of approximately 6.1%. The tenant renewal rate sits at 45.85%, showing reasonable stability in the rental market.

Long-term rentals dominate the building, making up over 96% of all tenancies. This preference for extended stays appeals to investors seeking predictable income streams. The tower's location provides direct access to Marina Walk and nearby business districts, which strengthens its resale and rental appeal. Dubai Marina continues to attract new developments, maintaining the area's reputation as a premium residential zone.

Prices of apartments in Princess Tower range from AED 1.4 million to AED 10.4 million, offering roughly 6.1% gross rental yields, with steady tenant demand due to its status as a luxury skyscraper.

• 1-Bedroom Apartments: AED 1.5 million to AED 2.05 million, 6%, 859 to 1,599 sq ft
• 2-Bedroom Apartments: AED 2.2 million to AED 2.6 million, 6.4%, 1,183 to 1,800 sq ft
• 3-Bedroom Apartments: AED 3.3 million to AED 3.5 million, 6.1%, 1,900 to 2,100 sq ft
• 4-Bedroom+ / Penthouses: AED 4.75 million to AED 10.4 million, 6.1%, 3,179 to 6,146 sq ft

Why Buy an Apartment in Princess Tower?

Panoramic Views

Residents on upper floors get sweeping views of the Arabian Gulf, Palm Jumeirah, and Dubai's skyline. The dedicated observation deck on the 97th floor offers an exceptional vantage point that few other buildings can match.

Prime Connectivity

The tower sits close to King Salman Bin Abdulaziz Al Saud Street and Sheikh Zayed Road. The tram station is within walking distance, making commutes to Media City, Internet City, and other business areas straightforward and quick.

Comprehensive Amenities

Resort-style facilities are available without leaving the building. Indoor and outdoor pools, a fully equipped gym, sauna, and games rooms support an active lifestyle. The building design caters to both fitness enthusiasts and those seeking relaxation.

Amenities in Princess Tower

• Indoor and outdoor swimming pools
• Fully equipped gymnasium
• Sauna, steam room, and Jacuzzi
• Billiards hall and table tennis courts
• Electronic games hall
• Children's nursery and play area
• 97th-floor observation deck and residents' lounge
• Event and banqueting hall

Location and Transportation

Princess Tower, Dubai, is located at the northern end of Dubai Marina in the area known as the "Tallest Block." Sheikh Zayed Road (E11) is roughly 8 minutes away by car.

The tram stop at Le Meridien is within walking distance. Sobha Realty Metro Station can be reached via tram or a short drive, connecting residents to the wider metro network.

Travel times to major areas are reasonable: Palm Jumeirah is about 10 minutes away, Media City takes 10 to 12 minutes, and Dubai Mall is approximately 19 minutes by car. Dubai Marina Walk is just 4 minutes away, while Skydive Dubai sits 1.1 kilometres from the tower, and The Walk JBR is 1.6 kilometres away.

Pros and Cons of Buying an Apartment in Princess Tower

Pros of apartments for sale in Princess Tower, Dubai

• Living in a record-holding skyscraper brings prestige and status
• Strong tenant demand and renewal rates create stable investment conditions
• Extensive facilities, including multiple pools and a sky lounge, add value
• Supermarkets, pharmacies, and salons are available within or near the building

Cons of apartments for sale in Princess Tower, Dubai

• The Marina area experiences traffic congestion during peak hours
• High-floor apartments have wind detection systems that automatically lock balcony doors during strong winds

FAQs about Apartments for sale in Princess Tower, Marina

Is Princess Tower a freehold location?

Yes, Dubai Marina is a freehold area. Foreign nationals can buy property in Princess Tower without restrictions.

Is Princess Tower good for investment?

The tower shows strong investment potential with an average rental yield of 6.1% and high long-term tenant retention rates.

What is the average price per square foot in Princess Tower?

Recent transactions show the price per square foot ranges between approximately AED 1,100 and AED 2,400, depending on unit size and view.

What is the average rental yield in this community?

The average rental yield for Princess Tower is approximately 6.1%.

Can foreigners buy an apartment in Princess Tower?

Yes, foreigners are eligible to purchase property here since it sits in a designated freehold zone in Dubai Marina.