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Park Island, Dubai Marina

Park Island, Dubai Marina

4.32/5
(Based on 9 building reviews)
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Overall Niche Grade

4.32 / 5

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Strengths

Stunning waterfront views

High-quality amenities

Proximity to attractions

Weakens

High property prices

Crowded during peak hours

Limited parking spaces

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Description

Real Estate Overview

Community Overview

  • Park Island is an upscale waterfront community located within Dubai Marina, known for its luxurious lifestyle and modern amenities.
  • It features stunning views of the marina and nearby landmarks such as The Palm Jumeirah and Jumeirah Beach.
  • The area is well-connected with major roadways and is in close proximity to the Metro station and various public transport options, making commuting convenient.

Properties Overview

  • The community comprises several high-rise residential towers, offering a mix of one, two, and three-bedroom apartments.
  • Popular buildings include Blakely Tower, Bonaire Tower, and Sanibel Tower, all providing premium living spaces.
  • Current rental prices range from AED 90,000 to AED 180,000 per year, while sales prices vary from AED 1.5 million to AED 3.5 million, depending on the unit's size and view.
  • New projects are continually being developed, contributing to the area's ongoing appreciation in property values.

Market Trends

  • The real estate market in Park Island has shown a steady growth trend over the past year, with rental prices witnessing a 5% increase and property sales prices rising by 3%.
  • Investors can expect a good return on investment (ROI) of around 6-7%, making it an attractive option for both buyers and renters.
  • The future market outlook appears positive, with demand for luxury apartments in Dubai Marina expected to remain strong.

Living and Investing in the Community

Amenities, Schools, and Healthcare

  • Residents benefit from a variety of nearby amenities, including upscale supermarkets, schools such as the International School of Arts and Sciences, and top-tier healthcare facilities like Mediclinic and Emirates Hospitals.

Transportation and Accessibility

  • Dubai Marina is easily accessible by public transportation, including the Dubai Metro and tram services.
  • There are ample parking spaces available for residents and visitors, ensuring easy access to the community.

Lifestyle Amenities

  • The area is rich in lifestyle amenities, featuring state-of-the-art gyms, swimming pools, cafes, restaurants, and luxury hotels.
  • Residents can also enjoy beautiful beach access and outdoor activities, including jogging paths and parks.

Community Facilities

  • Park Island provides residents with a range of community facilities, including advanced security systems, high-speed elevators, central air conditioning, and maintenance services.
  • These features enhance the convenience and safety of the community.

Special Services

  • Additional unique amenities include concierge services, 24-hour guest assistance, and business centers, making it ideal for both leisure and work-related activities.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available in Park Island, catering to diverse preferences from smaller one-bedroom units to larger three-bedroom apartments, accommodating families and individuals alike.

Things to Consider

  • Key considerations for prospective tenants and buyers include assessing unit views, building amenities, and proximity to public transport and key services.
  • Additionally, potential investors should consider past rental yields and occupancy rates in the area.

Useful FAQs and Support

Events and Community Life

Community Events

  • Park Island hosts various community events throughout the year, including gatherings, outdoor movie nights, and holiday celebrations, fostering a sense of belonging among residents.

Community Identity

  • The community is characterized by its modern aesthetic, vibrant lifestyle, and a blend of cultures, making it a unique place to both live and invest.

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Detailed Community Insights

1. Family Friendliness

Park Island offers a family-friendly atmosphere with spacious parks, playgrounds, and nearby schools. The community is well-maintained and often features family-oriented events, making it an ideal location for families.

Exceptionally Welcoming

2. Living Options

The residential options in Park Island include a mix of luxury apartments and townhouses, catering to various preferences and budgets. The architecture and layouts provide ample choices for potential residents.

Broadly Diverse

3. Safety And Security

The community has a robust security system with 24/7 surveillance and manned entrances. Residents feel safe and secure, contributing to a peaceful living environment.

Remarkably Secure

4. Transportation

Park Island benefits from excellent public transportation access, including nearby metro stations and bus stops. Additionally, it is conveniently located near major roads, making commuting easy.

Highly Convenient

5. Amenities And Facilities

The community boasts a wide range of amenities, including swimming pools, gyms, and recreational areas. Proximity to shopping centers and dining options enhances the living experience.

Richly Equipped

6. Cost Of Living

While living in Park Island can be on the higher end compared to other areas, the quality of life, amenities, and location justify the costs. It offers a reasonable balance between cost and lifestyle.

Relatively Balanced

7. Things To Do

Residents enjoy a plethora of activities, such as waterfront activities, shopping, dining, and cultural events in Dubai Marina. The vibrant nightlife and beach enhancements also contribute to an active lifestyle.

Vibrantly Diverse

8. Noise Levels

Despite its proximity to lively areas, Park Island maintains relatively low noise levels thanks to well-designed layouts and green spaces that help create a serene atmosphere.

Generally Peaceful

9. Pet Friendliness

This community is known for being pet-friendly, featuring parks and pet areas. Many residents are pet owners, and the open spaces provide adequate room for pets to play and exercise.

Warmly Accommodating

Price Insights

Price Trends
for in Dubai
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

Cafeterias Entertainment Events And Festivals Fitness Gym Fitness Center Pools Healthcare Hospital And Clinics Laundry Parks And Beach Restaurant Bars Shopping Centers And Malls Sports Park And Ground Supermarket And Groceries
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Buy:

200K AED - 800K AED

Rent:

20K AED - 80K AED

To Shaksy Villas, Jumeirah Village Circle

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