The Residences at Marina Gate Tower 1 belongs to the Marina Gate complex, comprising a trio of high-rise residential buildings, located in the vibrant and well-established Dubai Marina neighbourhood. Construction of this 53-storey tower was managed by Select Group and completed in 2018.
The cleverly crafted design of the interior of The Residences at Marina Gate Tower 1 maximises the utilisation of spaces, providing the residents with the highest level of comfort. The real estate complex is comprised of studios, 1–4 bedroom apartments and spacious 4-bedroom duplex penthouses.
The Residences at Marina Gate Tower 1 have a total of 415 units, all boasting well-planned layouts, a modern design, high ceilings and brightly lit bedrooms with built-in closets.
In addition, in order to integrate the complex with the surrounding area, retail and commercial spaces are provided on the lower levels, including supermarkets, beauty salons, cafes, pharmacies and more.
As of Q2 2023, the Residences at Marina Gate Tower 1 offer both furnished and unfurnished properties for sale and rent. Apartments are available in a variety of layouts and sizes.
Apartments are available in a variety of layouts and sizes. Thus, the minimum price for a one-bedroom apartment starts at AED 1.8М (USD 490K), while the luxurious four-bedroom penthouse with stunning marina views is priced at AED 12M (USD 3.3M).
Dubai Marina is one of the most exciting areas to live in Dubai, and can match every lifestyle. The short distance to the resort beaches, and entertainment and leisure facilities attracts tourists, while the convenient transport infrastructure and proximity to Dubai Media City and Dubai Internet City is a big plus for businessmen.
Therefore, the Residences at Marina Gate Tower 1, featuring a wide range of properties to suit a variety of clients, will always be in demand for rentals. The average rental price for a one-bedroom apartment is AED 165K (USD 45K). This means that if you are looking for an investment in the complex, you can expect a rather high ROI of 7.7% per year.
In this case, as an investor in the UAE`s real estate market, you will be able to obtain a 2-year resident visa or a 10-year Golden Visa, depending on the purchase price.