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Marina Residences 1, Palm Jumeirah

Marina Residences 1, Palm Jumeirah

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Strengths

Luxurious Amenities

Stunning Views

Prime Location

Weakens

High Maintenance Fees

Traffic Congestion

Limited Public Transport

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Description

Marina Residences 1, Palm Jumeirah

Real Estate Overview

Building Overview

  • Ideally situated on the iconic Palm Jumeirah, Marina Residences 1 is a luxurious residential development offering stunning views and an exclusive lifestyle.
  • The building features immediate access to nearby shopping areas, pristine beaches, and high-end dining options, making it a prime choice for discerning renters and buyers.
  • Comparatively, it stands out against neighboring developments due to its modern architecture and array of amenities that cater to sophisticated living.

Properties Overview

  • Marina Residences 1 offers a range of properties, from exquisite apartments to lavish penthouses, with a variety of layouts suited for different preferences.
  • Popular units within the building typically include two to four-bedroom apartments, with rental prices averaging between AED 150,000 and AED 400,000 annually.
  • For buyers, property prices range approximately from AED 2 million to AED 5 million, catering to both investment opportunities and luxurious living.

Market Trends

  • The rental market in Marina Residences 1 has shown steady growth over the past year, with increasing demand leading to a rental yield of approximately 6-7%.
  • Sales trends have also been promising, with an upward trajectory in property values due to the area’s desirability and limited supply.
  • Future expectations indicate continued appreciation in property values as Palm Jumeirah remains a sought-after location for both local and international investors.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy proximity to essential services, including supermarkets, renowned international schools, and healthcare facilities such as hospitals and clinics, ensuring a convenient lifestyle.

Transportation and Accessibility

  • Marina Residences 1 offers excellent connectivity with easy access to public transport options, including the Palm Monorail, alongside ample parking for residents and guests.
  • Accessibility to major highways ensures quick commutes to other areas of Dubai.

Lifestyle Amenities

  • A myriad of lifestyle amenities are available, including fully-equipped gyms, outdoor pools, spa facilities, and vibrant dining venues within the vicinity.
  • Recreational activities nearby include water sports and beach access, promoting an active and social lifestyle.

Builing Facilities

  • Within the building, residents benefit from high-speed elevators, round-the-clock security services, centralized air conditioning, and dedicated maintenance to enhance daily living.

Special Services

  • Exclusive services include a concierge for personalized assistance, guest reception areas, and business facilities tailored for residents needing office space or meeting rooms.

Planning Your Move or Investment

Floor Plans and Property Types

  • Marina Residences 1 provides diverse floor plans ranging from cozy one-bedroom units to expansive four-bedroom configurations, offering flexibility for both renters and buyers.

Things to Consider

  • Potential tenants and buyers should consider factors such as property size, view preferences, proximity to amenities, and rental versus purchase costs before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Marina Residences 1 frequently hosts community events, offering opportunities for residents to socialize and engage in building-led activities that enhance community ties.

Community Identity

  • The building boasts a unique identity characterized by its waterfront location, luxurious lifestyle offerings, and a strong community spirit among its residents, making it a coveted home in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

Marina Residences 1 offers a family-oriented environment, with spacious apartments and numerous facilities for children, including parks and playgrounds nearby.

Exceptionally Welcoming

2. Living Options

The community provides a variety of living options, from 2 to 5-bedroom apartments, each offering stunning views and modern amenities to cater to different family sizes and needs.

Diverse and Spacious

3. Safety And Security

The community is equipped with 24/7 security, surveillance cameras, and gated access, ensuring a high level of safety for all residents.

Remarkably Secure

4. Transportation

With close proximity to major roads and public transportation options, residents enjoy easy access to the rest of Dubai, making commuting relatively hassle-free.

Conveniently Accessible

5. Amenities And Facilities

The community boasts a wide range of amenities including swimming pools, gyms, and cafes, catering to various lifestyle choices and promoting an active community.

Richly Equipped

6. Cost Of Living

While the cost of living is on the higher side due to its prime location, the quality of life and amenities provided justify the expenses.

Relatively Premium

7. Things To Do

Residents have access to a variety of entertainment and recreational activities including beach clubs, restaurants, and shopping outlets, ensuring there's always something to do.

Vibrantly Diverse

8. Noise Levels

Most areas within the community are quiet, providing a tranquil living environment, although occasional noises from nearby nightlife may be heard.

Generally Peaceful

9. Pet Friendliness

Pets are welcome in Marina Residences 1, with several pet-friendly parks and facilities designed for the comfort of residents and their furry companions.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Schools

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Local Information

Buy:

218.4K AED - 352.7K AED

Rent:

21.7K AED - 34.3K AED

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