Branded apartments
Marina Diamond 1
Register Interest
AED 745K (USD 202K)
Starting price
En
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Marina Diamond 1 is a ready-to-move-in residential complex from Diamond Investments LLC. The development was completed in 2006 and is part of the Marina Diamond project. The 15-storey development offers 194 residential units, including studios and 1-2 bedroom apartments with living areas ranging from 363 sq. ft to 1,100 sq. ft.
The building is located in the popular area of Dubai Marina, which is within close proximity to the Marina Promenade and plenty of entertainment activities and venues.
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The starting cost of a 1-bedroom unit in Marina Diamond 1 constitutes at AED 745,000 (USD 202,800).
Marina Diamond 1 boasts a strategic location near the coast of the Arabian Gulf and offers elegant apartments and studios that will correspond to the needs of families with children, couples and single professionals. The project comes with all the necessary amenities for sports and recreation, so there will be no time for boredom.
You will be able to spend your free time with your close ones right on the territory of the development, enjoying everything the development has to offer.
Marina Diamond 1 is ready-to-move-in, so you can move straight into the apartments and furnish them right after the transaction. Real estate investors can immediately rent out the residences in the complex to generate a stable high income. Marina Diamond 1 boasts an ROI of 7.10% and the average annual rental price for a 1-bedroom apartment is AED 60,000 (USD 16,300). And according to the Knight Frank report, property prices in Dubai will rise in 2023.
It’s worth noting that foreigners will be able to purchase property in the complex with full ownership, since Dubai Marina is a freehold zone. Moreover, purchasing an apartment with a cost from AED 750,000 (USD 204,200) enables you to apply for a 3-year investor visa.
