Nestled within the Miami-designed area of Emaar Beachfront, Grand Bleu Tower II is part of the branded Grand Bleu Tower development by Emaar Properties. This is the first residential development in the world that comes in collaboration with ELIE SAAB. Oozing the ultimate sophistication, the front of the both Grand Bleu Tower buildings are made of glass and pure white and golden panels with patterns.
The project was launched back in Q2 2019, with the Grand Bleu Tower II featuring a total of 36 residential storey's, with an exclusive selection of 1–4 bedroom apartments, as well as full-floor units available for sale.
The properties range in size from 771 sq. ft to 10,654 sq. ft, while the layouts boast a combined living and dining area, an open-plan kitchen, 1-3 private balconies, as well as floor-to-ceiling windows overlooking the stunning beachfront area. In particular, 2 and 3-bedroom apartments feature built-in wardrobes, which are not available in other property types.
Grand Bleu Tower II is connected to Grand Bleu Tower I via an 8-floor podium, with an array of leisure and recreational amenities, inspired by the Miami lifestyle.
The starting price for a 1-bedroom apartment in Grand Bleu Tower amounts to AED 2,385,000 (USD 649,000).
Those interested in investing in a full-floor unit will be keen to learn that the minimum cost of this property type starts from AED 31,000,000 (USD 8,440,000).
1-Bedroom Apartments
2-Bedroom Apartments
3-Bedroom Apartments
4-Bedroom Apartments
According to Dubai REST, as of Q1 2022, 14% of the entire Grand Bleu Tower II development has been completed and is scheduled for handover in Q2 2023.
It is always profitable to purchase a property while it is still under development, since within the final construction stages and upon the completion of the project, its capital value is guaranteed to increase.
Besides using a Grand Bleu Tower II apartment as a private residence, you can also rent it out and enjoy a lucrative income. As reported by Property Finder, the gross ROI in Emaar Beachfront has reached 6.2% for 1-bedroom apartments, while the starting rental price is set at AED 95,000 (USD 26,000), as of Q2 2022.
If you are not interested in becoming a landlord, but still want to benefit from passive rental income, you are welcome to use the property management scheme via the Emaar Ease programme.
As mentioned earlier, there are full floor units available for sale in this development, providing you with the opportunity to lease and/or resell several apartments at once, or obtain the property for private use. Buyers also have the option of building a single apartment on an entire floor, which will mean having an abundance of living space and the maximum privacy.
Under the latest UAE visa overhaul, when investing in an off-plan property worth over AED 2,000,000 (USD 545,000), you become eligible for a Golden Visa residency. Holders of this visa type can live, work and study in the UAE without Emirati sponsorship, and the visa also allows for family sponsorship, which means there is the possibility of bringing your family and children to the UAE as well.