Marina Terrace Tower is a ready-to-move-in 38-storey development in Dubai Marina.
The developer of Marina Terrace Tower is DAMAC Properties, who is also known for projects such as DAMAC Lagoons, Cavalli Couture, Chic Tower and Safa Two de GRISOGONO.
Potential residents of Marina Terrace Tower can choose a unit from 1–3 bedroom apartments and spacious duplex penthouses. The number of residences in the development is 200.
Parking spaces are located across two basement levels and a separate two-way exit entrance for parking is available. Residents can easily get to any floor of the building thanks to high-speed elevators.
The starting price of a 1-bedroom unit in Marina Terrace Tower is AED 1,580,000 (USD 430,000), while a 4-bedroom penthouse costs from AED 8,450,000 (USD 2,300,000). A 1-bedroom apartment in the development can be rented out from AED 135,000 (USD 37,000) per year.
Purchasing a residential unit in Marina Terrace Tower is the right option for those wishing to enjoy a harmonious lifestyle in one of the most desirable areas in Dubai. Residents of the development will easily be able to get to social infrastructure objects, as well as to the long list of entertainment venues.
Due to the fact that Marina Terrace Tower is a completed project, future owners can move into their new home straight after the successful transaction. Potential investors can generate a stable passive income from renting a property out, as units in Dubai Marina are alway in high demand among those who value their comfort. The average ROI in the area for a 1-bedroom apartment is 7.9%.
A wide range of units are offered to those who are interested in Marina Terrace Tower, meaning that anyone can choose the perfect unit based on his/her preferences and budget.
It’s worth noting that buying a residential property with a cost of more than AED 2,000,000 (USD 545,000) will enable you and your family members to obtain a 10-year Golden Visa, which allows you to stay in Dubai without any limits and make the most of a number of benefits.