- Announced in 2014
- Developed by Select Group; considered one of the largest single developers of property in Dubai Marina (other projects by the Developer include: West Avenue, The Torch Tower, The Point, Bay Avenue and Botanica).
- The complex is located directly on the Marina and consists of 3 high-rise buildings
- Tower 1 & 2 are residential buildings while Tower 3 will be a hotel / serviced apartments to be managed by Jumeirah Group
- Tower 1 & 3 will rise 53 storeys and Tower 2 will be 64 storeys tall.
- Construction underway; Tower 1 expected to be handed over in 2017 while Towers 2 & 3 will most likely be delivered in 2018.
- Considered to be one of the most prime plots in the entire community.
Tower 1 was launched in 2014 and sold out over a period of 6 months.
Launch prices ranged from AED 1,700 - 2,000 per sq. ft.
As of May 2016, over 80% of the units in Marina Gate 2 are sold out. Prices range from AED 1,800 - 2,000 per sq. ft.
Payment-Plan for Marina Gate 2 is 15% down, 15% after 6 months and 70% on completion
Unit Types in Marina Gate 2
1E: 1 Bedroom with built up area of 838 sq. ft.
1F: 1 Bedroom with built up area of 627 sq. ft.
1G: 1 Bedroom with built up area of 775 sq. ft.
1H: 1 Bedroom with built up area of 773 sq. ft.
1J: 1 Bedroom with built up area of 849 sq. ft.
2G: 2 Bedroom with built up area of 1,331 sq. ft.
2H: 2 Bedroom with built up area of 1,211 sq. ft.
2J: 2 Bedroom with built up area of 1,255 sq. ft.
3E: 3 Bedroom with built up area of 1,664 sq. ft.
3F: 3 Bedroom with built up area of 1,814 sq. ft.
3G: 3 Bedroom with built up area of 2,154 sq. ft.
3H: 3 Bedroom with built up area of 2,248 sq. ft.
In January 2016, Select Group announced that The Jumeirah Group had been appointed to manage 508 properties in Tower 3 of Marina Gate. Jumeirah Group will manage 104 serviced apartments, 389 branded residences and 15 villas.
Project Completion Status (as per DLD): 10.35% (as of Dec 9, 2017)
Dubai Land Classification & Escrow Account Details:
Land Number: 175
Project Number: 1743
Real Estate Developer: SELECT GLOBAL DEVELOPMENT
Trust Account Number: 0204977502007
Account Trustee Name: EMIRATES NBD BANK
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC