Zumurud Tower is located on the banks of the Dubai Marina canal, which runs along the entire district. This 31-storey complex, standing at a height of 124 metres, demands attention with its unique wavy shape resembling the facets of an emerald. The tower is equipped with first-class amenities and comprises 322 residences. It was constructed by Bin Hamoodah Development, with the unconventional architectural concept designed by Khatib & Alami Architects. The construction of the complex took four years and was completed in 2010.
The complex offers studios and apartments with 1-3 bedrooms ranging in size from 366 sq. ft to 2,174 sq. ft, as well as penthouses with four bedrooms measuring 3,660 sq. ft.
In the second quarter of 2023, the starting price for a one-bedroom apartment in Zumurud Tower is AED 1.2M (USD 327K). The cost of a studio is AED 630K (USD 172K).
Zumurud Tower is highly popular among young couples, families with children, working professionals, and tourists due to its economic attractiveness. It is conveniently located close to key locations in Dubai, surrounded by preschools, educational institutions, medical facilities, well-maintained beaches, F&B establishments, and attractions.
The initial rental price for one-bedroom apartments starts at AED 85K (USD 23K) per year, with an ROI of 7.5 %. The starting price for annual studio rentals is AED 55K (USD 15K), with an ROI of 8.6 %.
Purchasing property in Zumurud Tower allows owners to obtain one of the two main residency visas. Property with a value starting from AED 750K (USD 204K) lets owners obtain a two-year visa. Apartment owners with property valued from AED 2M (USD 545K) are eligible for the Golden Visa, which has a validity of 10 years.