Buying an apartment in Dubai Marina
The Dubai Marina is one of the most sought-after places to live in the city – and for good reason. Located on the Persian Gulf, it offers stunning views of the water and the skyline, as well as a wide range of amenities and activities.
If you're considering buying an apartment in Dubai Marina, here's what you need to know.
Firstly, prices for apartments in Dubai Marina can vary greatly depending on location, size, and amenities and many other factors. You'll need to do your research it would be good also if you properly refined your search with search filters, to find an apartment that fits your budget, and needs.
Secondly, many apartments in Dubai Marina offer stunning views of the water and skyline. However, keep in mind that some buildings may be taller than others, so your view could be obstructed.
Thirdly, when it comes to amenities, Dubai Marina has a lot to offer residents. There are plenty of shopping and dining options available, as well as leisure activities like swimming pools, gyms, and parks.
Finally, keep in mind that living in Dubai Marina comes with a few challenges. Parking can be difficult to find (and expensive), and traffic can get congested during peak hours. But if you're prepared for these challenges, then Dubai Marina is definitely worth considering as your next home!
The Average sale Price for apartments in Dubai Marina
According to our recent internal listing data, the average sale price for apartments in Dubai Marina is AED 1517 per square foot. This is a significant increase from the previous year, which can be a good indicator of the demand on apartments in the city, to give you a bit of indication on the investment atmosphere.
When the average price was AED 1465 per square foot. This kind of an increase can be attributed to the growing popularity of the area and the limited supply of apartments.
Types of Available apartments in Dubai Marina
There are various types of apartments available in Dubai Marina. There are studio apartments, one bedroom apartments, two bedroom apartments, and three bedroom apartments. There are also duplexes and penthouse units available. The prices for these units vary depending on the size and location of the unit. The average price for a one bedroom apartment is about AED 1435 per square foot. The average price for a two bedroom apartment is about AED 1392 per square foot..
The size of the unit which is a critical aspect also varies depending on the type of unit you choose.
One more thing to keep in mind when choosing an apartment in the Marina is what kind of stunning views you want from your unit. Some people prefer to have a view of the marina while others prefer to have a view of the skyline or the beachfront, the view can shift your budget all the way around.
There are also disparate types of amenities that are available in different buildings. Some buildings might have a swimming pool, Gyms, and sauna while others might just have a swimming pool and Gyms. It really just depends on what you’re looking for in an apartment building and what your budget is like as well.
Overall, there are many different types of apartments available in Dubai Marina to suit any need or budget
Advantages and Disadvantages of buying an apartment in Dubai Marina
There are many advantages and disadvantages of buying an apartment in Dubai Marina.
#1st advantage is that the area is very safe and secure. There are security guards 24 hours a day and the area is well-lit at night.
#2nd advantage is that the apartment can have many amenities, such as a swimming pool, gym, and sauna.
The drawback disadvantage of buying an apartment in Dubai Marina is that it is very expensive. The average price for a one-bedroom apartment is 1 million dirhams,
Another disadvantage is that the area can be quite crowded during peak times, which can be the case for any other location, these peak times are such as weekends and holidays, you've to pick your timing.
Best way to find Your dream apartment in Dubai Marina
The best way to find your dream apartment in Dubai Marina is to start by doing your refined research using Property finder Website or App, and dig deeper into your search journey.
You can read online reviews, talk to friends who have lived in the area, check the price trends, get to know what you truly need and fit it in with your budget.
Once you have an idea of what you’re looking for, you can start contacting different real estate agents. It’s important to find an agent who is familiar with the area and who has experience helping people find their dream apartments in the marina, and you can easily do that by looking for a super agent.
Once you’ve found a super agent you trust, you can start looking at different properties. Keep in mind your budget and what amenities are important to you. If you take your time and do your research, you’ll be able to find the perfect apartment in Dubai Marina.
Costs associated with buying an apartment in Dubai Marina
The cost of buying an apartment in Dubai Marina will vary depending on the size and location of the property. Generally, prices start from around AED 1,225,720 for a one bedroom apartment and can go up to AED 1,953,367 for a two bedroom Apartments. There are also a number of fees and taxes associated with purchasing property in Dubai, which include a 4% transfer fee, 5% VAT and a 2% registration fee.
Costs of living and investing in Dubai Marina
Assuming you're new to the city, exploring and would like an overview of the costs of living and/or investing in Dubai Marina don't worry we all have been there:
The cost of living in Dubai Marina is considered to be slightly expensive when compared to other areas in Dubai, but is still cheaper than many Western cities. The average rent for a one-bedroom apartment in Dubai Marina is around AED 86,068 per year (US$23,432.46), while a two-bedroom apartment will cost approximately AED 128,483 per year (US$34,980.16).
There are many new luxury developments being built in Dubai Marina, which has resulted in prices for apartments increasing by as much as 20% over the past few years. this can be a good indicator for investing in the marina city .
It is important to note that these prices do not include the 4% registration fee and 5% VAT that must be paid on completion of the sale.
Transportation Availability in Dubai Marina
The Marina is an exemplary great place to live for many reasons, but one of the best reasons is the transportation availability.
From the moment you step out of your front door, there are multiple ways to get around. There are plenty of taxis and Uber drivers available at all hours of the day, and the bus system is reliable and efficient.
If you prefer to drive yourself, there is easy access to major highways and plenty of parking options. And if you want to explore the city without worrying about transportation, there are plenty of walking and biking paths throughout the Marina.
What's the Average price of apartments in Dubai Marina ?
The average price of apartments in Dubai Marina is AED 2,992,984. However, prices can range from AED 430,000 to AED 39,000,000 depending on the size and location of the apartment, so it's your call to fit your needs and budget.
How many different apartments types are available Dubai Marina?
There are many different types of apartments available in Dubai Marina.
From studio apartments, one bedroom apartments, two bedroom apartments, three bedroom apartments, to penthouse apartments.
There are also a variety of different faultless styles of apartments to hand pick, so you can find an apartment that fits your needs and taste, and of course your budget.
What are the top schools in Dubai Marina?
There is no definitive answer to this question since there are no official rankings of schools in Dubai Marina. However, some parents and students consider the following schools to be among the best in the area:
-The American School of Dubai.
-Dubai International Academy.
-GEMS Wellington International School.
-Jumeirah English Speaking School (JESS) Ranches.
What colleges and universities are in Dubai Marina?
There are a few colleges and universities in Dubai Marina, including the American University of Dubai, the Emirates Academy of Hospitality Management, and the University of Wollongong in Dubai.
Is buying an apartment a good investment in Dubai Marina?
Dubai Marina is one of the most popular areas to live in Dubai, and with rationally good reason. It offers a wide range of activities and amenities for residents, as well as a prime location near the city center. While prices for apartments in Dubai Marina can be on the higher side, many people feel that it is worth the investment.
There are a number of factors to contemplate when deciding whether or not to invest in an apartment in Dubai Marina. The first is your budget. Apartments in Dubai Marina can range from relatively affordable to very luxurious, so it is important to set a realistic budget before beginning your search.
Another important factor is your lifestyle. If you are looking for a lively and vibrant community, Dubai Marina is likely a good fit for you. There are many restaurants and cafes in the area, as well as ample opportunities for shopping and entertainment. If you prefer a more low-key lifestyle, you may want to consider another area of Dubai.
Finally, it is important to consider your long-term goals when deciding whether or not to invest in an apartment in Dubai Marina. If you plan on living in Dubai for many years, an apartment in this area could be a great investment. However, if you are only planning on living in the city for a short period of time, there may be better options available elsewhere.
