Botanica Tower is a completed 41-storey skyscraper in the desirable area of Dubai Marina that was completed in 2011 by Select Group. Future owners can choose a unit from studios, 1-2 bedroom apartments, 5-bedroom penthouses and 2-bedroom villas with spacious living areas varying from 465 sq. ft to 3,920 sq. ft.
As of May 2023, the initial cost of a 1-bedroom residence in Botanic Tower is AED 1.4M (USD 381K). The luxury penthouses within the development cost from AED 8.9M (USD 2.4M).
The contemporary project of Botanica Tower by Select Group is nestled in the prestigious area of Dubai Marina. Real estate here is in high demand among tourists and investors. Therefore, buying a property in Botanica Tower is a profitable investment tool. The ROI for a 1-bedroom apartment in Dubai Marina is currently 7%, and the average cost of renting a unit here is AED 109K (USD 30K) per year.
A 2-year investor visa is given to those spending over AED 750K (USD 204K), while a 10-year Golden Visa is given to those, along with their families and household staff, who purchase a residence with a cost from AED 2M (USD 545K).