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Marina Tower is a 33-storey residential complex located on the waterfront of Dubai’s dynamic Dubai Marina district. The developer of the project, commissioned in 2006, was Emaar Properties, a well-known construction company in the UAE, and the architectural consultants were Norr Group Consultants International Ltd and Dubarch. In 2013 the complex was purchased by Select Group. There are 202 properties in Marina Tower: 1, 2 and 3-bedroom apartments. The residences range in size from 7 sq. m (70 sq. ft). Apartments have built-in closets, equipped bathrooms and functional kitchen sets, and some of the secondary market units are sold furnished. Also, all residences have balconies and panoramic windows overlooking the canal, the marina and the skyscrapers of Dubai Marina. The minimum price for a 1-bedroom apartment is AED 1,175,000 (USD 320,000). Residents of the complex are provided with modern services and amenities including:
a health club;
a fully equipped gym;
an outdoor pool;
a playground;
a multifunctional hall;
four-level parking;
a jacuzzi in some rooms;
security and 24-hour video surveillance;
high-speed elevators;
a concierge and intercom;
five retail outlets inside the building.
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Marina Tower is conveniently located near major commercial areas, tourist attractions and popular recreational sites in Dubai. Transport provided in this part of the area is by bus, cab, streetcar, water cab and subway. To reach the exit to the city’s main street Sheikh Zayed Road takes 5 minutes by car. Streetcar and bus stops are a 10-minute walk away and the nearest subway stations Sobha Realty and DMCS are 16 and 20 minutes walk. The Carrefour City chain supermarket is located next door, and Marina Mall is a 4-minute drive away. Dubai Marina Walk is a 10-minute walk from the skyscraper, and JBR and Marina Beach are a 25-minute walk or 6-minute drive away.
Marina Tower residents have easy access to Dubai’s main venues:
Marina Tower’s spacious and comfortable residences are suitable for personal living as well as long-term rentals for business people, young couples and families with children. The ROI for 1-bedroom apartments 5.84%, respectively.
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