Marina Residence enjoys a prime location in close proximity to key attractions in the Dubai Marina area. Adjacent to a major shopping centre, a bustling waterfront promenade, a picturesque beach, and a marina, this complex is perfectly situated. Designed by the National Engineering Bureau in a classic modern style, Marina Residence features a colour scheme of grey and beige. Sharaf Group as the developer.
Residents have the opportunity to purchase apartments ranging from 1 to 4 bedrooms, starting from 646 sq. ft, as well as penthouses with 4 or 5 bedrooms.
In the second quarter of 2023, the starting price for one-bedroom apartments in Marina Residence is AED 950K (USD 259K). The cost of four-bedroom apartments is AED 1.7M (USD 463K).
Due to its location, Marina Residence enjoys being economically attractive among local residents, expatriates, and tourists. It is close to the beach, major attractions in Dubai Marina, public transportation stops, and provides quick access to the highway leading to central areas of the emirate.
This complex is a lucrative option for investment and income through long-term or short-term rentals. The average annual rental cost for one-bedroom apartments in Marina Residence is AED 80K (USD 22K), with an ROI of 8.5 %.
Purchasing property in this complex allows for the acquisition of a residency visa. Apartment owners with a property value starting from AED 750K (USD 204K) can obtain a two-year visa. Property with a value starting from AED 2M (USD 545K) makes the owner eligible for the Golden Visa, which has a validity period of 10 years.