Marina Diamond 4 is a 20-storey project from Diamond Developers and is part of the complex of Marina Diamond. The building was handed over in 2007.
The tower is located in Dubai Marina and offers excellent transport accessibility to the most sought-after tourist and business areas of the emirate.
Among the available units in Marina Diamond 4 are elegant 1-3 bedroom apartments with living areas ranging from 678 sq. ft to 2,034 sq. ft.
The complex is also pet-friendly.
The starting price for a 1-bedroom apartment in Marina Diamond 4 is AED 640,000 (USD 174,000).
The project has been handed over, so future owners can choose a residential property to purchase or rent, and move straight in right after the transaction.
Investors wishing to purchase a residence in the complex can expect a high ROI of 7.9% for a 1-bedroom apartment which can be rented out from AED 65,000 (USD 17,700) per year. Moreover, a foreign citizen has the right to 100% ownership of real estate units in Dubai Marina, as this area is a freehold zone.
Since Marina Diamond 4 is completed, a foreigner can immediately apply for a 3-year residence visa, which is available when purchasing a property with a minimum cost of AED 750,000 (USD 204,000). The visa can be renewed in case you remain the owner of the property.