The well-known and popular Dubai Marina is a place to live. With a record of being one of the largest freehold areas that permit foreign property ownership, Dubai Marina boasts an iconic skyline with very distinct towers, apartment buildings offering sensational ocean and city views, and easy access to the beach—easy to understand why people are always drawn to its properties for sale. Constructed in the style of a canal city, Dubai Marina stands as the largest artificial marina worldwide.
Development of the Dubai Marina began in 1998, but it wasn't until 2006 that the property ownership laws permitted non-GCC national foreigners to purchase freehold properties in Dubai Marina and other parts of the city. This brought in a massive influx of property investors and people looking to live in Dubai in the long term.
When it comes to properties for sale, the most abundant and readily available throughout Dubai Marina are apartments. A few of the apartments are also coined as penthouses due to their uniquely designed and built structure, but generally, people search for an apartment and then narrow down their options. The sale of hotel apartments in Dubai Marina has been a growing trend because such properties are considered lucrative investments, especially since Dubai is gearing up for the fascinating World Expo 2020.
The residents of Dubai Marina will attest to the convenience of living in the area. As for public transport, the DAMAC Properties metro station, formerly Dubai Marina metro station, is at one end, the Jumeirah Lakes Towers metro station is at the other end, while the Dubai Tram snakes through Dubai Marina, JBR, and Al Sufouh.
There are a variety of grocery stores, takeout joints, restaurants, cafes, and hotels with bars and nightclubs available. Dubai Marina boasts a vibrant social scene, with numerous locations offering breathtaking views of the water year-round.
Inside Dubai Marina, apartments for sale are available in Princess Tower, Cayan Tower, and Park Island, which are the most popular. If you're interested in penthouses for sale in Dubai Marina, you should consider exploring Emaar 6 Towers, Elite Residence, and The Jewels skyscrapers, all of which are excellent options if you're in the market for apartments. Given the abundance of apartment buildings and skyscrapers in the area, ranging from villas to duplexes and even townhouses, one can purchase any type of property. Additionally, keep in mind that each individual's perception of property types varies, leading to variances and differences in the types available.
Of all the areas in Dubai where property is on sale, Dubai Marina remains one of the favorites and is always in high demand. If you are a foreign national interested in buying a property in Dubai Marina, you might be eligible for a UAE residency visa if you don't already have one. Upon signing, the property's value must be 1 million AED or above, and the application undergoes a case-by-case review and approval.
However, whether you want to invest in buying property in Dubai Marina or for personal purposes, it's a wonderful place to be in one of the most exciting cities in the world.
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TRPE Real Estate is a company registered in Dubai, United Arab Emirates (License No. 999314) located at Office No 1001, Ascott Park Place, Sheikh Zayed Road, Dubai. We are regulated by the Real Estate Regulatory Agency (RERA) under office number 28357.