Apartment in Dubai Marina with a residency permit
Apartments for sale in Dubai Marina, UAE, are an excellent option for both investment and personal use. The densely populated area, located in the heart of New Dubai, is built up with multifunctional skyscrapers, hotels, shopping malls, cinemas, restaurants and nightclubs. It is here that the world’s tallest apartment building in the world and other architectural landmarks that break world records are located.
The community’s developed transport infrastructure includes major highways, metro lines and numerous bus stops. Owners and tenants of apartments and flats for sale in Dubai Marina can reach supermarkets, schools, kindergartens, medical clinics and other important social facilities in a few minutes' drive.
The area is known as the "world’s tallest district." Many of the buildings located on its territory are part of the iconic Dubai skyline. The local real estate market offers studios, penthouses, and apartments in Dubai Marina for investment. The choice of villas is limited.
Residence permit in UAE by buying an apartment in Dubai Marina
Purchasing flats or villas in the UAE can be the reason for obtaining a residence permit if the overseas property meets the conditions of the immigration programme. The lowest cost of apartments in Dubai Marina, which allows foreigners to apply for a 2-year residence permit, is AED 750,000 ($205,000). If the amount of investment exceeds AED 2 million ($545,000), the buyer can obtain a permit for 10 years.
An investor can move to the country with their whole family having issued a residence permit in the UAE through a property investment for their spouse and unmarried children. They can extend their residence permit as long as they own their investment apartment in Dubai Marina.
Investment apartment in Dubai Marina
Investors are eager to buy an apartment in Dubai Marina and get a residence permit for the following reasons:
- An advantageous location. The area is located between the emirate’s main road artery, highway E 11, and the bay. Many flats for sale in Dubai Marina offer breathtaking views of an artificial island resembling a palm tree. They are perfect for young professionals with the dynamic nightlife, proximity to the city centre and key business communities.
- A wide range of properties. This large district consists of 10 sub-communities, which are home to over 120,000 people. There are over 200 complexes here offering housing in various layouts: from studios and flats in Dubai Marina to penthouses with 5 or more bedrooms. Many properties have a spacious living room, an equipped kitchen and a balcony. Additional amenities may include a maid's bedroom, laundry room and dressing rooms. Apartment buildings have an internal infrastructure with a swimming pool, gym, playground, parking, 24-hour security, and concierge services.
- A popular place with tourists to buy a flat in Dubai Marina. Many holidaymakers prefer to rent an apartment for sale in Dubai Marina to get easy access to the picturesque waterfront, first-class restaurants and entertainment venues, shopping malls such as the Dubai Marina Mall, and world-class attractions, which include the 7-kilometre Dubai Marina Walk.
By purchasing an apartment in Dubai Marina with a residency permit, many foreigners plan to receive rental income. A 1-bedroom property can offer landlords the highest payback—13.35% per annum. 2-bedroom flats can bring an average of 12.82%, and studios 10.84%. The ROI of 4- and 3-bedroom properties reaches 8.54% and 6.56% respectively.
Long-term leases can provide owners with regular income for a long time. It requires minimal effort as well: the landlord does not often need to look for new tenants or clean their properties. The main advantage of short-term rentals is a higher income. There are management companies willing to handle tasks such as finding and settling guests, maintaining the overseas property, cleaning and other responsibilities requiring more effort from the investor.
The owners of local flats can also expect to profit from resale, as the rapidly growing demand provides an increase in apartment prices in Dubai Marina. The average cost per square metre in the emirate’s housing sector was AED 16,318 ($4,443) in Q2 2024. This is the highest figure of the last decade. Investors who want to maximize capital gains invest in properties at the initial stages of construction. By the time the properties are put into operation, their price increases by an average of 20–30%.