Since the beginning of 2022, the Dubai Marina area has become one of the most sought-after among potential property buyers. In this area, there are many properties of the elite segment.
Over the past 2021, the cost of one square meter in the area has grown by 11% and amounted to USD 3,816. If you are interested in property prices in Dubai Marina or any other area of the city, go over to the Ax Capital website.
General description
Dubai Marina is considered to be one of the most famous and popular districts among foreigners. In just 6 years, about two hundred high-rise buildings were erected around an artificial bay near the sea. Today, it is the world’s largest complex artificial harbor project, stretching nearly 4 kilometers from the Dubai International Maritime Club in the east to the Sheraton Jumeirah in the west.
Dubai Marina is one of the few man-made structures on the planet that can be seen from space with the naked eye.
At present most of the planned buildings have already been built. The population of the district is about 100 thousand inhabitants. Particularly impressive changes have taken place in the last one and a half to two years when the area began to be actively populated, new shops, restaurants, cafes, and promenades began to open.
Along with the clear signs of Arab culture that can be traced in the architecture, Dubai Marina, without a doubt, can be called one of the most cosmopolitan districts of the city. Among residents and vacationers here you can meet representatives of almost all nationalities, cultures, and religions. Therefore, the area is very popular among visitors (mainly Europeans, Americans, and Australians), although from the point of view of the indigenous Arab population, it is considered too “European”. It is a perfect place for an expatriate to invest in real estate.
The area is comprised of:
- high-rise buildings 5-110 floors,
- apartments,
- hotel apartments.
Infrastructure
Directly along the coast in front of the Jumeirah Beach Residence and The Walk are famous five-star beach hotels: Habtoor Grand, Le Royal Meridien, Ritz Carlton, Hilton, and Sheraton. All vacationers and residents of the area have free access to one of the best beaches on the coast, stretching for almost 3 km.
Over the past years, The Walk has become a favorite getaway for Dubai residents. On weekend evenings, the coast comes to life, and in terms of the number of people resting, the promenade can compete with the busiest pedestrian streets of the largest cities in the world. Can you imagine a nice evening walk out of your real estate in the UAE? Isn’t it a dream to follow?
At the end of 2008, the new Dubai Marina Mall was opened. It covers an area of 350,000 square meters and houses:
- 160 shops and boutiques, including a Waitrose supermarket,
- clothing stores,
- jewelry stores,
- home furnishings stores,
- and furniture stores.
In addition, by the end of the year, it is planned to open the Address Hotel and Gourmet Tower (“Gourmet Tower”) in the shopping complex, a unique building, all seven floors of which will be entirely reserved for gourmet restaurants. Thus, the Dubai Marina area is attractive to foreigners, as it offers its unique style, combining luxury and comfort, convenience, and the calm rhythm of resort life in the heart of one of the busiest business centers in the world.
Real estate in the UAE
Do you want to buy property in the UAE? Then you will need the help of experienced experts from the Ax Capital agency. Their experts will select for you the best real estate intended for living or high-yield investments.