Marina Terrace, Dubai Marina

Marina Terrace, Dubai Marina

HIGHLIGHTS

About Marina Terrace

Marina Terrace is a high-end residential building launched by Damac Properties in 2002. Housed in Dubai Marina, Marina Terrace stands tall at 183 metres (600 feet) and has 38 storeys above ground. Distributed between these 38 floors, the tower features up to 200 residential units that range from 1-bedroom to 3-bedroom apartments. The building also houses expansive duplex penthouses on its two last floors. There are two basement levels allocated for free car parking. The ground floor features a large lobby with impressive interiors and a well-furnished lounge area. The five podium levels in the building houses a range of luxurious on-site and off-premise amenities.

Featuring an aquamarine and metallic grey exterior, the most discernible feature of Marina Terrace is its cylindrical structure. It starts from the base and rises uniformly until it forms a razor-sharp sloped tip. Marina Terrace overlooks the northern bay of the marina on one side. On the other side, it faces the luxurious beachside resorts as well as The Walk and The Beach at JBR.  It is located right along Marina Promenade and is accessible via Al Emreef Street that directly leads to Sheikh Zayed Road (E11) as well as King Salman Bin Abdulaziz Al Saud Street (D94).

IN A NUTSHELL

  • Residential skyscraper in Dubai Marina
  • 600 feet tall with 38 floors above ground 
  • Two basement levels for parking
  • 200 units of 1, 2 and 3-bedroom flats
  • Top floors feature duplex penthouses 
  • Located along Marina Promenade 
  • Close to the five-star Grosvenor House 
  • Marina Terrace Water Taxi Station is at a walking distance

BUILDING DETAILS

Facilities in Marina Terrace

Parking

Parking outside Marina Terrace
Empty parking slots outside the building can be utilized by guests

Residents of Marina Terrace are offered free spots for their cars. There is ample parking space spread over two basement levels. Located at the rear side of the building, there is a separate two-way exit/entrance for parking that leads to the basement.

Elevators

Serving every floor, there are high-speed elevators which are in great working condition as they are regularly inspected and maintained. There is also a separate service elevator, which is mainly used by the Marina Terrace personnel.

Security, Central Air-Conditioning and Maintenance Services 

Security in Marina Terrace is fool-proof. Providing a safe and secure environment, uniformed watch guards are always present at the main entrance towards the lobby and at the entrance towards the parking area. The surveillance cameras installed on every level of Marina Terrace, Dubai extends security for the residents. Furthermore, residents are granted an access control system that prevents any unwelcome entry. 

Event Space

Just around the pool area over the podium deck, there is a barbeque area where residents can host events.

Gym and Fitness Facilities 

Fitness enthusiasts will enjoy the most while living in this tower. There is a well-equipped gymnasium where residents can carry out their fitness activities. Apart from that, Marina Terrace, Dubai is home to health clubs such as Body Design and Concept Yoga Studio

The tower features an impressive outdoor swimming pool featuring a sun deck and beach chairs with umbrellas. There is a smaller separate pool for children. Allowing residents to keep up with the health and wellness trend, it also offers Jacuzzi, sauna and steam rooms.

Lifestyle Amenities

For sports, there is a tennis court beside the pool deck area. Properly equipped, the court is installed with a tennis net, light posts and a high fence around the area. A dedicated area for children’s entertainment is also present in Marina Terrace, Dubai Marina.

Concierge and Guest Services 

Marina Terrace has a 24-hour concierge service so there is always an attendant available to answer requests and queries.

Marina Terrace Floor Plans 

The residential units in Marina Terrace come in different floor plans and configurations. Here is the floor plan of the apartment building:

  • 1-bedroom apartments in Marina Terrace consist of two different unit types
  • 2-bedroom apartments in Marina Terrace consist of one unit type
  • 3-bedroom apartments in Marina Terrace consist of one unit type

Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing Marina Terrace floor plans.

Apartment Types in Marina Terrace

Each of the 36 floors in Marina Terrace consists of seven residential units. These units are available in property types such as 1, 2 and 3-bedroom apartments, and all of these units have either balconies or terraces. However, level 37 and level 38 feature duplex penthouses that have prestigious amenities. 

Every apartment in Marina Terrace includes a well-appointed space for a dining area, living room and bedrooms. Most units have semi-closed kitchens fitted with the latest appliances and large LED ceiling lights. The master bathrooms in many Marina Terrace apartments include both bathtubs and glass-case standing shower spaces. They are fitted with superior quality sanitary wares and modern accessories. Bedrooms in Marina Terrace apartments feature large windows, timber flooring and built-in wardrobes.

1-Bedroom Apartments in Marina Terrace 

1-bedroom apartments vary in their size from 935 sq. ft. to 1,080 sq. ft. Instead of balconies, some of the 1-beds have a large terrace that offers a full view of the marina. There are two bathrooms in every 1-bedroom unit in Marina Terrace. 

2-Bedroom Apartments in Marina Terrace

 The size of a two-bedroom flat in Marina Terrace lies between 1,550 sq. ft. and 1,554 sq. ft. These apartments have maid’s rooms with their separate bathrooms, powder rooms and large rectangular balconies viewing the neighbouring skyscrapers and waters.

3-Bedroom Apartments in Marina Terrace

The total living area of 3-bedroom units range between 1,640 sq. ft. and 2,085 sq. ft. Each of these 3-bed flats comes with either three bathrooms, three bedrooms, a large living and dining space, a semi-open kitchen, a powder room and a spacious balcony.

Penthouses in Marina Terrace

There are duplex penthouses situated on the top two floors of the tower. These are built over luxurious floor areas that span between 4,035 sq. ft. and 5,409 sq. ft. and contain either four or five bedrooms.The 4-bedroom penthouses feature main floors containing fully equipped kitchens, living and dining areas and maid’s rooms. The second floors in these penthouses contain all the four bedrooms with built-in cupboards. 

A fully furnished 5-bed penthouse includes six bathrooms, an open-plan kitchen and a huge terrace that offers a panoramic view. 

Most Popular Apartment Types in Marina Terrace

  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 4-Bed
  • 5-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

As deduced from the search data on Bayut, the most popular apartment in Marina Terrace by bed type is a 1-bedroom apartment. This popularity is followed by 2-bed and 3-bed apartments. 5-bedroom units are the fourth-most popular in Marina Terrace, whereas 4-bedroom units are at the bottom of the list.

The rental prices for apartments in Marina Terrace is slightly higher than other projects in Dubai Marina. The price trends in the building are:

For more apartments in the area and price comparison, you can search for apartments for rent in Dubai Marina.

Apartments for sale in Marina Terrace are freehold and exhibits the following price trends: 

  • 1-bedroom flats in Marina Terrace demands a one-time cost of AED 1.12M to AED 1.34M 
  • Investors can buy 2-bedroom apartments for sale prices ranging from AED 1.34M to AED 1.5M
  • A 3-bedroom flat in Marina Terrace can cost anywhere from AED 1.48M to AED 2.2M

Investors can find more similar options in the area by browsing apartments for sale in Dubai Marina.

Rental Yield in Marina Terrace

  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 4-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%10%

Based on searches conducted by users on Bayut.com over the past 12 months

Marina Terrace apartments by DAMAC are quite lucrative in terms of profitability. This is easily seen when observing the ROI trend in Marina Terrace. The minimum return on investment (ROI) of investments in the tower is 6%, which one can get if they invest in 3-bedroom apartments in Marina Terrace. This is quite substantial, considering Dubai’s real estate market. Further up are 4-bed units with an ROI of 6.5%, led by 2-bed apartments with an ROI of 6.6%. With an ROI of a remarkable 7.2%, 1-bedroom apartments in Marina Terrace lead the list. 

Service Charges in Marina Terrace

General Fund
Price Per Sq. Ft. In AED
General Fund
Services
General upkeep of the building
Price Per Sq. Ft. In AED
3.38
General Fund
Maintenance
General repairs and replacements
Price Per Sq. Ft. In AED
4.03
General Fund
Utilities Services
Charges for using DEWA/district cooling facilities and meters
Price Per Sq. Ft. In AED
6.57
General Fund
Management Services
Owner’s association charges for managing the property
Price Per Sq. Ft. In AED
1.20
General Fund
Insurance
Charge for the insurance of the building
Price Per Sq. Ft. In AED
0.24
General Fund
Master Community
Fees for communal facilities in the neighbourhood
Price Per Sq. Ft. In AED
0.53
General Fund
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
Price Per Sq. Ft. In AED
1.03
General Fund
Total
Price Per Sq. Ft. In AED
16.98

These figures are based on the services charges for Marina Terrace* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near Marina Terrace

Marina Terrace in Dubai Marina has access to Sheikh Zayed Road and is close to Interchange No.5 that connects it to various other prominent areas of the city. There are several public transport options near Marina Terrace. In order to travel by water taxi, residents can access Marina Terrace Station that is a stone’s throw away.

Bus Stations near Marina Terrace

Offering pick and drop, the nearest bus station is at Jumeirah, Royal Meridien 1 that is hardly a 5-minute walk from the tower. Other bus stations nearby include Mina Al Siyahi, Le Meridien Hotel and Jumeirah Beach Residence Station 1, Seaside accessible within 14 and 18-minute walking distance.

Metro Stations near Marina Terrace

The nearest metro station is DAMAC Properties Metro Station which is 1.3 km away. One can either reach the station in 17 minutes, on foot or use a car to shorten the distance to 10-minute. Ibn BattutaMetro Station and Jabal Ali Metro Station 2 are other two options located 12 and 13-minute drive away.

Tram Stations near Marina Terrace

Dubai Marina Tram Station is directly accessible from where Al Emreef Street meets Al Marsa Street. It is a 15-minute walk away from Marina Terrace while Mina Seyahi Tram Station is also located at a 16-minute walking distance.

Restaurants near Marina Terrace

The vibrant waterfront piazza present right outside the gates of Marina Terrace is home to a few favourite dine-out places, such as 

  • Waynak Crepe Café & Restaurant
  • Espadana Restaurant
  • City Port Café

Further along the Marina Promenade, residents can explore a variety of eateries such as Latino Garden Restaurantand Café, Venecia Coffee Shop and Restaurant, Samovar Smoking Tea Lounge and Iran Zamin Restaurant & Café. 

Fine-dine options include:

  • Indego by Vineet
  • Buddha Bar

For exclusive dining options, residents can head over to Grosvenor House Hotel that houses some of the best dining options in Dubai Marina. These include Indego by Vineet,  Toro Toro and Buddha Bar. It is just a 3-minute walk from the building.

Supermarkets near Marina Terrace

Supermarkets near Marina Terrace include:

  • Pluspoint Express Mart
  • Choithrams
  • Carrefour

Located on Marina Promenade and accessible by foot, ZOOM is one of the nearest supermarkets, accessible within a 7-minute drive. There are many more located across Al Emreef Street such as Pluspoint Express Mart, W Mart Supermarket and Choithrams in Trident Grand Mall. All these options are accessible within a 10-minute drive.

NEARBY BUILDINGS

Dubai Marina is a popular area in the city with several high-end residential and commercial towers from renowned developers including:

  • Park Island
  • Sadaf 6
  • Mag 218 Tower

Park Island is a multi building residential complex consisting of four high-rising towers. It has 556 apartments with 1-bedroom and 2-bedroom configuration. Sadaf 6 is a beachfront building with 46 storeys above ground. It has a wide collection of residential units ranging from studios to 4-bedroom apartments. 

Mag 218 is a 761 ft. tall skyscraper with a total of 555 residential units. One can find 1-bedroom and 2-bedroom apartments with seven floors of parking space in the building. Rimal and Baharare other multibuilding complex in JBR, accessible within 7-minutes from Marina Terrace.

The community also houses four and five-star hotels, such as:

  • Marina Hotel Apartments
  • The Radisson Blu Residence
  • Le Royal Meridien Beach Resort and Spa
  • The Ritz Carlton Hotel 

These hotels feature extensive amenities including health clubs, swimming pools, restaurants with all-day dining facilities, daily housekeeping and massage facilities including sauna and steam rooms.

Major Landmarks

JBR Beach image
JBR Beach is located at a 12-minute drive fromMarina Terrace

Some of the major landmarks near Marina Terrace are:

  • Grosvenor House
  • Mohammed Bin Ahmed Almulla Mosque
  • The JBR Beach

A prominent landmark located in the neighbourhood is the popular Grosvenor House. Easily seen from any level of Marina Terrace, Mohammed Bin Ahmed Almulla Mosque is a beautifully-lit golden sacred complex. Residents also enjoy proximity to The JBR Beach and The Walk at JBR, which are around 12-minute drive away.

THINGS TO CONSIDER

Marina Terrace, Dubai offers an upscale lifestyle with chic amenities with waterfront views and easy access to nearby amenities. However, there are few things to consider before moving to Marina Terrace. This includes limited parking spaces for guests and congestion of roads during peak hours.

Are you looking to buy or rent apartments in Marina Terrace, Dubai Marina?

RATINGS & REVIEWS

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