Royal Oceanic Tower is a residential complex ideal for convenient living. It’s located within a 5-minute walk from the popular The Walk at JBR and the well-maintained Marina Beach. The complex was created by Select Group, a recognisable company which has been operating in the real estate market for over 20 years and specialises in premium properties. The construction of the development was completed in 2009.
Royal Oceanic Tower offers 232 residences, which include studios and 1–4 bedroom apartments. The total areas of the residences vary from 513 sq. ft to 2,920 sq. ft.
As of Q3 2023, the initial price for a 1-bedroom apartment in Royal Oceanic Tower is AED 1.35M (USD 367K), while a studio costs from AED 800K (USD 217K).
Royal Oceanic Tower is located in a resort area. It’s popular among businessmen, working professionals, couples and families with children. In the surroundings, you will find all the necessary infrastructure facilities, including hospitals, schools and nurseries. From here, you can easily get to the main business districts of the emirate, including Dubai Media City, Business Bay and Downtown Dubai, where the key attractions of the emirate are concentrated.
Buying a residence in Royal Oceanic Tower is a profitable investment tool which will bring you stable passive income. You can rent a 1-bedroom apartment for an average of AED 90K (USD 24.5K) per year. The ROI in this type of property in the area is 6.8%.
Buying a studio or an apartment in the complex will enable you to get a residence visa. Spending over AED 750K (USD 204K) will let you apply for a 2-year investor visa. Purchasing a residence costing over AED 2M (USD 545K) will let you, your family members and household staff get a 10-year Golden Visa.