Economic Appeal
According to Dubai REST, Vida Residences Dubai Marina was fully completed in Q4 2022. This means that you can move into the residence immediately after the transaction is closed. When residing in the branded development, you will be able to benefit from all the services of the hotel, such as a dedicated concierge team, which is ready to make any arrangements for you 24/7. On top of that, there are also maintenance staff, cleaning, waste disposal and laundry facilities available to its residents.
Besides using property in Vida Residences Dubai Marina as your own private residence, you can also consider renting it out to generate a lucrative profit. According to Property Finder, as of Q1 2023, the average yield in this complex will reach 8.4%. At the same time, the starting rental cost stands at AED 180K (USD 49K) per annum.
With a
real estate investment valued at AED 2M (USD 545K) at least, you become eligible for a 10-year Golden Visa, in line with the latest visa overhaul. Subsequently, you can also bring your spouse and children to the country based on a family sponsorship, as well as unlimited domestic staff, provided they have a license. Another perk of the UAE Golden Visa is a discount Esaad card, which provides attractive offers and promotions across 7,237 brands and businesses in 92 countries, apart from the UAE.