- Why Dubai Marina?
- Where to Rent Flats in Dubai Marina?
- Where to Buy Apartments in Dubai Marina?
- The Dubai Marina ROI
Dubai is home to over three million people and naturally, all of them want to live in the best area of the city. Obviously, the best place to live in Dubai will vary based on people’s personal and housing preferences, but the premise of deciding the best residential area in Dubai goes beyond the parameters of preferences.
The emirate of Dubai has an eclectic mix of residential areas that include newer self-sustained districts and the older communities that are revamped periodically to cater to the changing needs of the population. Each of these neighbourhoods have all the amenities their residents need and come with very high standards of living. So the question, ”which is the best place to live in Dubai?” is a tricky one to answer.
However, over time some neighbourhoods have organically evolved to become more popular than others. This is the case with Dubai Marina, which can be considered the best place for living in Dubai. Today, we examine why Dubai Marina continues to remain as popular as it was when it first launched in 2003.
Dubai Marina is the best place to live in Dubai
What does one typically look at when deciding on a place to live in Dubai or when planning to invest in the city? Most people would consider:
- The amenities available in the area
- Entertainment options there
- The area’s connectivity with the rest of the city
- Transport options available
- The average return on investment and rental costs
Based on these parameters, if you analyse Dubai Marina, it would certainly fit the bill as the best place to live in Dubai.
Dubai Marina covers an area of 4.6 million square metres and is the heart of the area we now know as ‘New Dubai’. The area has luxurious residential apartments, dazzling restaurants, sports facilities and a plethora of entertainment options. Hence, it is considered the best residential area in Dubai.
For the last six years, Dubai Marina has consistently been the most searched area for renting and buying property in Dubai. Even in the recent annual rent report for Dubai 2020, Marina took the top spot when it came to apartment rentals. Based on the analysis of Dubai’s annual sales report for 2020, the district also emerged as the most popular choice for those who want to buy flats in the emirate.
This is especially noteworthy because Dubai is constantly evolving and newer localities have been established. Yet, Dubai Marina has retained its charm and is rightly known as the best place to live for expats and locals in Dubai.
Whether you are looking for the best place to live in Dubai for families or the best place to live in Dubai for singles, Dubai Marina is likely to be top of any list.
Entertainment avenues
If your motto in life is ‘work hard and party harder,’ Dubai Marina is just the right neighbourhood for you. It is brimming with entertainment avenues, which you can hit after a long day at work or on the weekends. This is why Dubai Marina is the best area to live in Dubai for tourists and the best place to live in Dubai as an expat.
You can head to the beach and enjoy water sports like jet skiing, paddle-boarding, etc. And, if you enjoy the nightlife, there are some amazing clubs in Dubai Marina with excellent happy hour deals. You can choose from chic bars, old school pubs or sports bar.
If you are looking to shop, the retail outlets in Dubai Marina Mall have pretty much everything that you would need. As you can tell, life is exhilarating in Dubai Marina, which is why it is the best place to live for expats in Dubai.
Connectivity
If you don’t enjoy driving, Dubai Marina once again is the perfect place to live for you. Easy availability of various public transport options makes Dubai Marina the best place to live in Dubai. There are two metro stations nearby – the Dubai Marina Metro Station and the DMCC Metro Station.
This gives you the luxury of easy commute which most residents of other Dubai neighbourhoods don’t have. If you don’t live close to these two stations, you can just use the tram. There is also the option to use Careem Bike for your commutes within the area.
If you own a car, there are plenty of parking spaces. More importantly, the neighbourhood is connected to all the main roads in Dubai. So, it’s a win-win for Dubai Marina dwellers.
A vibrant and luxurious lifestyle
There is high demand for flats in Dubai Marina because of the lifestyle they offer. Irrespective of your family status, you can find beautiful and luxurious apartments in Dubai Marina.
These skyscrapers have health clubs, fully equipped gyms, swimming pools, kid’s centre, sports courts, saunas and other facilities to offer. Moreover, Dubai Marina Park is a common space for residents to jog and burn off some calories.
When you rent an apartment in Dubai Marina, it comes with the whole package. To summarise, it could be stated that the chic urban lifestyle Dubai Marina has to offer makes it the best place to live for expats in Dubai.
Popular areas to rent apartments in Dubai Marina
Dubai Marina has many amazing residential buildings and communities. By virtue of being located in a waterfront area, these are all top notch in terms of luxury, service and architecture. However, some buildings are preferred over others.
Here’s a quick overview of the popular buildings for renting apartments in Dubai Marina and the starting rent for different residential units they offer.
BUILDING | STUDIO | 1-BED | 2-BED |
|---|---|---|---|
BUILDING Marina Diamonds | STUDIO AED 28,000 | 1-BED AED 39,000 | 2-BED AED 55,000 |
BUILDING DEC Towers | STUDIO AED 30,000 | 1-BED AED 40,000 | 2-BED AED 55,000 |
BUILDING Manchester Tower | STUDIO AED 26,000 | 1-BED AED 35,000 | 2-BED AED 50,000 |
BUILDING Princess Tower | STUDIO N/A | 1-BED AED 45,000 | 2-BED AED 60,000 |
BUILDING Studio One Tower | STUDIO AED 34,000 | 1-BED AED 50,000 | 2-BED AED 72,000 |
Marina Diamonds is the most popular collection of residential towers for renting flats in the area. The starting price of rental apartments in Marina Diamonds is AED 28k per year. Up to 3-bedroom flats are available at Marina Diamonds.
The next most popular residential development for tenants are the DEC Towers. The starting average rent for apartments in DEC Towers is pegged at AED 30k per annum.
Potential tenants have also shown interest in Manchester Tower. To rent apartments in Manchester Towers, one bust have a minimum annual budget of AED 26k.
Other residential buildings preferred by tenants include the Princess Tower and Studio One Tower, where annual rents begin at AED 45k and AED 34k respectively.
Popular areas to buy apartments in Dubai Marina
The table below lists down the best buildings to buy apartments in Dubai Marina and the minimum sale price for different residential units in them.
BUILDING | 1-BED | 2-BED | 3-BED |
|---|---|---|---|
BUILDING DEC Towers | 1-BED AED 580,000 | 2-BED AED 790,000 | 3-BED N/A |
BUILDING Marina Diamonds | 1-BED AED 479,000 | 2-BED AED 570,000 | 3-BED N/A |
BUILDING Marina Gate | 1-BED AED 1,199,000 | 2-BED AED 1,950,000 | 3-BED AED 3,050,000 |
BUILDING Marina Pinnacle | 1-BED AED 550,000 | 2-BED AED 780,000 | 3-BED AED 1,050,000 |
BUILDING Manchester Tower | 1-BED AED 500,000 | 2-BED AED 775,000 | 3-BED AED 975,000 |
Topping the list of preferences for investors in search of flats for sale in Dubai Marina are the DEC Towers. Prices for the apartments for sale in DEC Towers start at AED 525k.
Potential buyers have also shown interest in Marina Diamonds, where apartments are available in studio, 1 and 2-bed configurations. The minimum price you can expect to pay for buying apartments in Marina Diamonds is AED 400k.
The third most popular option is the Marina Gate. The apartments for sale in Marina Gate are slightly pricier and can cost you a minimum of 1.07M.
Also popular among investors are the Marina Pinnacle and Manchester Tower, with apartments for sale available for as low as AED 550k and AED 385k respectively.
ROI FOR THE BEST PLACE TO LIVE IN DUBAI
If you are an investor looking to buy an apartment in Dubai Marina, an important consideration is a return on investment. As per the Bayut | dubizzle 2020 sales report, Dubai Marina yields the highest ROI of luxury apartments for sale. Investors can expect to earn a healthy average ROI of 6.2% for apartments in Dubai Marina, based on projected rental yields.
This high ROI is another reason many investors consider Dubai Marina as one of the best areas to invest in Dubai. Rental yields are always high, as the demand for rental properties in the Marina area is consistently high.
FREQUENTLY ASKED QUESTIONS
HOW MUCH DOES A 2-BEDROOM FLAT IN DUBAI MARINA COST?
A 2BHK flat for rent in Dubai Marina can cost you anywhere between AED 48k and AED 250k annually. If you want to buy a 2-bed apartment in Dubai Marina, the price range for that is between AED 570k and AED 6.75M.
WHAT ARE THE CHEAPEST PLACES TO LIVE IN DUBAI?
The cheapest places to live in Dubai include International City, Deira, Jumeirah Village Circle (JVC) and Al Qusais.
WHAT ARE THE BEST PLACES TO LIVE IN DUBAI FOR FAMILIES?
There are several family-friendly areas in Dubai that people can consider for long-term residence. Some of the best places to live in Dubai for families include JBR (Jumeirah Beach Residence), Jumeirah Lake Towers (JLT) and Motor City.
Dubai Marina is also great for those in search of luxury family-friendly living. While many of the amenities it offers can be found in other popular neighbourhoods around the city, one of the biggest reasons for Marina’s undisputed position as the crowning glory of Dubai real estate is the fact that the development is constantly evolving.
There are a handful of off-plan developments available for potential investors looking for lucrative deals in Dubai Marina. In addition to this, the locality is home to some stalwart Dubai institutions including the upscale restaurants in Pier 7.
Obviously, there are other restaurants in Dubai Marina where you can gratify your taste buds. For those who love to work out, there are several good gyms in the area and the variety of outdoor activities in Dubai Marina makes sure there is little chance that you’ll be disappointed. Hence, we have no qualms in saying it’s the best place to live in Dubai!
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