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23 Marina Tower is an 88-storey skyscraper in the popular Dubai Marina district. Its convenient location offers access to many of the area’s iconic sites, attractions, and commercial facilities. For these reasons, owning an apartment in this area is considered to be a profitable investment. Emaar Properties developed this project with an eye for contemporary style, and Hircon International LLC took over the plan for implementation. 23 Marina Tower’s construction took six years (2006 to 2012) to complete. The building has a unique design, which looks like a ballpoint pen. Its podium, as well as its spacious lobby, features tinted glass windows and flooring with geometric patterns. In total there are 289 residential units in the complex. Apartments have floor plans featuring one, two, and three bedrooms, and duplexes include four bedrooms layouts. Units range in size from 1,615 sq. ft (150 sq. m) to 6,000 sq. ft (557 sq. m). Each property is fully move-in ready. Panoramic windows and balconies offer plenty of natural light and beautiful views of the surrounding area, and private elevators provide quick access to the apartments. Three bedroom apartments range in price from AED 2,000,000 (USD 544,000) to 3,200,000 (USD 871,000), and duplexes range in price from AED 7,000,000 (USD 1,905,800) to 7,900,000 (USD 2,150,800). 23 Marina Tower offers a variety of on-site amenities, including:
Swimming pools, jacuzzis, and saunas
Health club and spa
Shopping areas
On-site parking
Children’s play areas
Wi-Fi
Recreation areas
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Bus and tram stops, as well as metro stations, are located within walking distance of the apartments. The area offers many attractions, including the Walk at Jumeirah Beach Residence featuring sunbathing areas and water activities, and the Marina Walk featuring luxury boutiques, cosy cafés, and gourmet restaurants.
Residents do their daily or weekly shopping at nearby supermarkets and grocery stores, such as Organic Food & Café, 1004 Gourmet, and Day Mart. They can also take public transport or hire a taxi to visit local cinemas, yacht clubs, and business centres.
The average return on investment rate for this type of residential property in the area is approximately 6%. However, payback rates for 23 Marina Tower units, particularly the three-bedroom apartments, can reach up to 6.7%. The demand for housing in the area is consistently high due to its central location, modern building design, and affordable cost.
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