Park Island is located in the resort area of Dubai Marina, which is just a few minutes' walk from the beautiful and well-maintained JBR Beach. The complex consists of four towers: the 24-storey Sanibel and Blakely, and the 28-storey Fairfield and Bonaire. The project was implemented by one of the leading developers in the emirate, Emaar Properties, and construction was completed in 2010.
The available apartments for purchase range from 710 sq. ft to 3,918 sq. ft and feature 1-2 bedrooms. The interior design of each unit consists of light tones and open-plan spaces.
As of the second quarter of 2023, the starting price for one-bedroom apartments in Park Island is AED 1.4M (USD 381K). The cost of two-bedroom apartments starts from AED 2.4M (USD 653K).
Park Island is popular among tourists and expats due to its location. There are numerous attractions, entertainment options, and well-maintained beaches within the vicinity of the complex.
The Park Island project is a profitable investment option as the average annual rental cost for one-bedroom apartments is AED 120K (USD 33K). The ROI for this type of property is 7.5%.
Purchasing real estate in Park Island allows you to obtain one of two residency visas. Owners of apartments valued at AED 750K (USD 204K) can obtain a two-year visa and owners of residences valued at AED 2M (USD 545K) or more can apply for a Golden Visa with a validity period of 10 years.