Marinascape Towers is a residential complex in the prestigious area of Dubai Marina and consists of two residential towers named Oceanic Tower and Avant Tower. The construction of the development by Trident International Holdings started in 2004 and was completed in 2008.
Oceanic Tower is a 34-storey building offering 2-3 bedroom apartments and two exclusive 3-storey penthouses, while Avant Tower is a 26-storey development with 2-3 bedroom apartments and two penthouses.
You will be able to enjoy a wide range of premium amenities, located right on the territory of the development, and in the surrounding areas.
The starting cost of a 2-bedroom residential unit in Marinascape Towers with a living area of 1,816 sq. ft constitutes at AED 1,950,000 (USD 531,000). A more spacious 4-bedroom penthouse with a huge area of 9,321 sq. ft will cost from AED 15,500,000 (USD 4,220,000).
A 2-bedroom apartment can be rented out from AED 220,000 (USD 60,000) per year and the price of renting a 4-bedroom penthouse is AED 950,000 (USD 259,000) per annum.
Potential investors might be interested in buying a property to then start renting it out for short or long term rentals. The average ROI for a 2-bedroom apartment in Dubai Marina is 6.5%. Units in this configuration are in high demand among single professionals and couples, while families with children might prefer the 3-bedroom units or the spacious penthouses in Marinascape Towers.
It’s worth noting that purchasing a residential unit with a cost from AED 2,000,000 (USD 545,000) enables you and your family members to apply for a 10-year Golden Visa. This type of visa can be prolonged in case you remain the owner of the property, and it also provides you stay in Dubai without any time limits, as well as getting an Emirates ID and much more.