Address Residences is just a 5-minute walk from the popular and well-maintained Marina Beach and Jumeirah Beach, and immediately catches the eye due to its huge size and unusual shape. There are two 312 ft towers that make up the hotel and residential project and both are connected at the bottom and at the top, so it looks like a huge frame appears in front of your eyes. The project was built by the world renownedEmaar Properties, which is known not only in the Middle East, but also in Europe and America. The construction has already been completed, so you can move into your new home immediately after the purchase.
Address Residences combines a premium spa hotel and residential residences that include 1-5 bedroom apartments in various layouts, with living areas varying from 635 sq. ft to 4,295 sq. ft. The interiors are designed in a gorgeous Italian style with a light colour scheme in grey, beige, white and ivory, with only natural materials used for the decoration.
Pets are also allowed in the complex.
At the end of 2023 and the beginning of 2024, the cost of a 1-bedroom apartment in Address Residences starts from AED 2.65M (USD 721K).
Address Residences is in demand among business professionals, bloggers, families with children, young wealthy couples, and high income earners. This resort area offers plenty of opportunities for relaxed recreation, shopping, entertainment and development. From JBR, it is also convenient to get to the Business Bay business hub, and the development is also located close to Dubai Media City.
Real estate in Address Residences is a profitable investment, as you can rent out your residence on a long-term basis to receive a stable income. The highest demand is for one-bedroom apartments, which have an ROI of a huge 12%.
Since Dubai Marina is part of a freehold zone, foreign citizens can also buy real estate here. If you plan to buy a property worth AED 750K (USD 204K) or more, you can apply for a two-year resident visa. To apply for a 10-year Golden Visa, the price of a residence must start at AED 2M (USD 545K).