Properties in Marina Diamond 4 will be appreciated by families with children, couples and young professionals due to their spacious layouts, its close proximity to a range of recreation and entertainment areas, and its excellent transport links to the most sought-after areas of Dubai. The project has been handed over, so future owners can choose a residential property to purchase or rent, and move straight in right after the transaction.
Investors wishing to purchase a residence in the complex can expect a high ROI of 7.9% for a 1-bedroom apartment which can be rented out from AED 65,000 (USD 17,700) per year. Moreover, a foreign citizen has the right to 100% ownership of real estate units in Dubai Marina, as this area is a freehold zone.
Since Marina Diamond 4 is completed, a foreigner can immediately apply for a 3-year residence visa, which is available when purchasing a property with a minimum cost of AED 750,000 (USD 204,000). The visa can be renewed in case you remain the owner of the property.