Properties for sale in Dubai Marina

Property in Dubai Marina with residence permit

Properties in Dubai Marina, UAE, offer a great opportunity for capital appreciation and comfortable living in one of the most prestigious areas of the emirate.

The community is known for its luxurious skyscrapers, developed infrastructure for sea and beach holidays and impressive waterfront. It attracts both locals and expats with its numerous restaurants, trendy boutiques and high-end spas. Ideal for those who appreciate an active lifestyle, the area is home to a renowned beach club and Marina Walk, a canal-side promenade with cosy cafês and seating areas. The neighbourhood is well connected to the rest of the city, with direct access to metro and tram stations, making it an attractive choice for both living and investment.

Properties in the cluster are predominantly represented by apartments and penthouses in skyscrapers, but exclusive offers of podium villas can also be found.

Foreign buyers will benefit from the following advantages:

1. Guarantee of property rights: The area belongs to the freehold zones, where foreigners can buy real estate with full ownership;
2. Possibility of obtaining residency: Purchasing property in the community allows you to apply for a residence permit in the UAE. This is especially beneficial for those planning to reside in the country long term;
3. Liquidity and high yields: Local real estate is highly sought after by both tenants and buyers, making it a favourable investment option.

Residence permit in UAE by buying property in Dubai Marina

Unlike many other countries, obtaining a residence permit in the UAE through property investment is relatively straightforward. To qualify for a two-year visa, the buyer must:

1. Purchase a property worth at least AED 750,000 (USD 204,000);
2. Pay the full threshold amount upfront. Mortgage financing is allowed, provided the loan does not exceed 50% of the property's value;
3. Register the property in your name and submit the required documents with your application.

By purchasing property in the UAE (not only in Dubai) for AED 2 million (USD 544,500), the buyer is entitled to receive a golden visa for five years.

Key advantages of a UAE residence permit:

1. Fast processing: A residence permit can be obtained within a few weeks after purchasing a property and submitting the relevant documents;
2. No personal income tax: The UAE offers unique conditions for business, with no tax on personal income, making it especially favourable for entrepreneurs;
3. Possibility of extension: The residence permit obtained through real estate can be extended as long as the owner retains ownership of the property;
4. Freedom of movement: Residents have access to visa-free entry to other Gulf countries and a simplified entry process to several other states.

Investment real estate in Dubai Marina

Properties in Dubai Marina for investment make for a stable and profitable asset. It’s one of the most popular areas in the emirate, with numerous attractions and high-quality infrastructure, ensuring high occupancy rates when rented out. The average yield here is 6.88% per annum.

By the end of H1 2024, the average price per square metre had increased by 6.28%. This reflects a consistent trend: for instance, at the end of 2023, the cost of completed apartments rose by 8.6%, while the price of flats under construction surged by 32%.

Investment strategies can vary depending on your goals, whether it's long-term rental income or resale. For instance, if you invest in property for sale in Dubai Marina during construction and sell it after completion, you could earn a profit of 20-30% of the original cost. This strategy is known as ‘capitalising on resale. It’s particularly effective in well-established, fast-growing areas where new developments are booming and demand for apartments in the UAE remains consistently high.

Popular categories of investment in real estate in the community include:

• Bay view apartments: These properties have strong appeal to tenants and offer high liquidity;
• Penthouses and duplexes: Positioned in the elite segment, these properties come with exclusive amenities and services such as private lifts, swimming pools and Jacuzzis. The minimum property prices in Dubai Marina for this category start from AED 5 million (USD 1.6 million);
• Properties with hotel services: These offer convenience for tenants and high profitability for owners, with returns reaching 8-10% per annum.