November 17 2015
By Lookup.Ae Sales
In this edition, we explore the various Off-Plan investment opportunities in Dubai Marina and Jumeirah Beach Residence.
If you’re looking to purchase in Dubai Marina or JBR there are many options to choose from. These two master-developments have 148 ready buildings within 90 individual projects. The below is a snapshot of the current & future supply in this area:
23
Buildings Under-construction
The quality of the current supply of apartments in this area is as follows (we grade each development as either Mid-end, High-end or Luxury):
Below are the current price ranges for apartments in Marina / JBR based on quality (prices as of Q3 2015):
| Type |
Average BUA (sq. ft.) |
Price Range (AED) |
Rental Price Range
(AED per annum) |
Avg Price per sq. ft.
(AED) |
Gross Rental Yield |
| Studio Mid-end |
500 |
600 - 800,000 |
60 - 75,000 |
1,400 |
9.64% |
| Studio High-end |
571 |
900,000 - 1.2 M |
75 - 90,000 |
1,839 |
7.86% |
| 1 Bed Mid-end |
725 |
800,000 - 1.05 M |
75 - 90,000 |
1,276 |
8.92% |
| 1 Bed High-end |
879 |
1.15 M - 1.60 M |
90 - 120,000 |
1,564 |
7.64% |
| 1 Bed Luxury |
1,075 |
1.65 M - 2.15 M |
115 - 145,000 |
1,767 |
6.84% |
| 2 Bed Mid-end |
1,385 |
1.20 M - 1.70 M |
100 - 135,000 |
1,047 |
8.10% |
| 2 Bed High-end |
1,424 |
1.65 M - 2.40 M |
120 - 160,000 |
1,421 |
6.91% |
| 2 Bed Luxury |
1,585 |
2.50 M - 3.70 M |
160 - 190,000 |
1,956 |
5.65% |
| 3 Bed Mid-end |
1,658 |
1.70 M - 2.35 M |
140 - 170,000 |
1,221 |
7.65% |
| 3 Bed High-end |
1,969 |
2.60 M - 3.60 M |
165 - 240,000 |
1,574 |
6.53% |
| 3 Bed Luxury |
2,139 |
4.00 M - 6.00 M |
225 - 265,000 |
2,338 |
4.85% |
The graph below outlines the historic performance of apartments in Dubai Marina (cumulative average of all apartment types)
Off-Plan Buying Opportunities
Out of the 23 buildings under-construction, the below are the most prominent and in which buyers / investors can purchase directly from the developer without paying any premiums.
One JBR
Luxury, high-rise beach front development by Dubai Properties. One JBR is located next to the Ritz Carlton and almost all the apartments will have views of the sea, Palm Jumeirah and Bluewaters Island.
| Type |
BUA (sq. ft.) |
Starting Price |
| 2 Bedroom |
1,944 |
4,780,000 |
| 3 Bedroom |
2,589 |
6,590,000 |
| 4 Bedroom |
3,791 |
11,570,000 |
Marina Gate
Marina Gate by Select Group is a three tower luxury development located on one of the best plots in the Marina. The project was launched in 2014 and construction work is well underway. A large portion of the project is sold out and only a few units remain.
| Type |
BUA (sq. ft.) |
Starting Price |
| 1 Bedroom |
773 - 838 |
1.52 - 1.85 M |
| 2 Bedroom |
1,211 – 1,255 |
2.49 - 2.59 M |
| 3 Bedroom |
2,300 |
4.175 M |
Marina Arcade
Marina Arcade is a 64 storey residential development that is located in the 'Tallest Block in the World' between Seef Tower and the 23 Marina. Originally launched in 2007, the project was put on-hold and then relaunched in 2014. Construction on the project is well underway and units are now being sold in the development. This particular tower will have units which have beautiful views towards Media City, the Emirates Hills Golf-course, Palm Jumeirah, Burj Al Arab and the Arabian Sea.
| Type |
BUA (sq. ft.) |
Starting Price |
| 2 Bedroom |
1,193 - 1,691 |
1.64 - 2.55 M |
| 3 Bedroom |
2,132 - 2,506 |
3.1 - 4.29 M |
Stella Maris
Announced in 2015, Stella Maris Tower is a high-rise developed located directly along the Marina. The project features 1, 2, 3 and 4 bedroom apartments available for sale over a 3 year payment-plan.
| Type |
BUA (sq. ft.) |
Starting Price |
| 1 Bedroom |
898 - 964 |
1.28 - 1.64 M |
| 2 Bedroom |
1,459 - 1,747 |
2.12 - 2.66 M |
| 3 Bedroom |
2,269 - 2,437 |
4.00 - 4.35 M |
Useful Links on Lookup.ae:
To learn more about various investment opportunities in Dubai Marina / JBR or to learn more about any of the projects mentioned above, send an email to info@lookup.ae
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