Dubai Marina is one of the most famous and most popular places to live in Dubai. One of the largest freehold areas which allow foreign property ownership, with an iconic skyline with very distinct towers and apartment buildings with sensational ocean and city views along with easy access to the beach, it’s not hard to see why people are always looking at the properties for sale in Dubai Marina. Dubai Marina has been built to replicate a canal city and is considered the world’s largest man-made marina.
Development of the Dubai Marina began in 1998 and only in 2006 did the property ownership laws allow foreigners who were non GCC nationals to buy properties for sale in Dubai Marina (and elsewhere in Dubai which is designated as freehold). This brought in a great influx of property investors and people looking to live in Dubai for the long term.
When it comes to the properties for sale in Dubai Marina, apartments are the most abundant and readily available across the area. Some apartments are also known as penthouses due to their design and layout but essentially, people tend to look for apartments and then filter through what they find. A growing trend has been the sale of hotel apartments in Dubai Marina as these are considered a lucrative investment, especially as Dubai gears up for the very exciting World Expo 2020.
Residents of Dubai Marina love the convenience that comes with living in the area. Public transport options include the DAMAC Properties metro station (formerly Dubai Marina metro station) on one end and the Jumeirah Lakes Towers metro station on the other end along with the Dubai Tram which snakes through Dubai Marina, JBR and Al Sufouh.
There’s a plethora of grocery stores, take away joints and restaurants, cafes and hotels with bars and nightclubs. The social scene is very much alive and kicking in Dubai Marina and many venues have excellent views of the water all year round.
Within the Dubai Marina area, you can find apartments for sale in Princess Tower, Cayan Tower and Park Island - these are the most popular. If you’re looking for penthouses for sale in Dubai Marina, have a look at Emaar 6 Towers (also great for apartments in general), Elite Residence and The Jewels. Interestingly, despite being an area full of apartment buildings and skyscrapers, there are a number of properties for sale listed as villas, duplexes and even townhouses. It should be noted that everyone’s perception of property types can vary so this would explain the difference and diversity in property types
Out of all the areas with properties for sale in Dubai, the Dubai Marina remains a firm favourite that is always in demand. If you’re a foreign national that decides to buy property in Dubai Marina ,then you may be eligible for a UAE residency visa if you do not have one. The property value has to be at 1 Million AED or above at the time of signing and then too, the application is reviewed on a case by case basis.
But regardless of whether you wish to buy property in Dubai Marina for an investment or personal purpose, Dubai Marina is an excellent place to be in one of the most exciting cities in the world!