Off-Plan Investment Opportunities in Dubai Marina & JBR

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:

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)

Dubai Marina Historic Price Trends 2010 - 2015

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.

Development Name Developer Year of Launch Expected Year of Completion
Marina 101 Sheffield Real Estate 2007 2016
Sparkle Towers Tebyan 2014 2017
Stella Maris Bloom Properties 2015 2018
Marina Arcade Mada’in Properties 2007 2017
Damac Heights Damac 2006 2017
Marina Gate Select Dubai 2014 2017
One JBR Dubai Properties 2015 2019
Dubai Marina & JBR Map for Off-Plan Investment Opportunities

One JBR

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

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

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

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


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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