Marina Residences was developed by Nakheel Properties. It’s a residential complex offering 6 buildings, all of which boast captivating views of the sea and various amenities. For instance, 24 hours security, sauna, fitness centers, children’s playgrounds and steam rooms.
Each building is 15-storey high and offers 1 to 3 bedroom apartments, 4 bedroom penthouses and 5 bedroom townhouses. Palm Jumeirah itself boasts many villas, penthouses, townhouses and apartments. Marina Residences was completed in 2009 and it is a pet-friendly community.
Facilities and amenities in Marina Residences
Two basement levels are dedicated to parking. Each unit of the complex offers its own designated parking space.
There are 4 properly maintained elevators in the complex.
Security, air conditioner and maintenance services
CCTV cameras are installed in the complex and residents are given key card security access. Marina Residences also comes with a maintenance and security staff. All utilities of the complex are powered by DEWA. A firefighting system is also installed.
A shared communal gym and a swimming pool is offered in the community. Moreover, a steam room and a sauna are available too.
Various amenities are guaranteed to the residents. Boasting a stylish interior, these apartments boost living standards. Round-the-clock guest and concierge services are offered as well.
There are 1 to 3 bedroom apartments, 4 bedroom penthouses and 5 bedroom townhouses in Marina Residences. All residential units guarantee huge rooms and floor-to-ceiling windows.
Single bedroom apartment
This specific unit is equipped with one kitchen, 2 bathrooms and a spacious living room which is attached to a deep balcony. A built-in wardrobe is available too.
2 bedroom apartments
This unit comes with a kitchen and a living hall. Both the rooms have floor-to-ceiling windows and the living room is attached to an open balcony.
3 bedroom apartments
This unit has 2 configurations: A and C. A spacious living room, floor-to-ceiling windows, 4 bathrooms and a big terrace are the components of a 3 bedroom apartment.
4 bedroom penthouses
The penthouse comes with 3 types of floor plans named as Unit F, G, and H. A kitchen, living room, 6 bathrooms and a built-in wardrobe are added in all units. The unit F provides 2 balconies, one of which is an extended version that covers a big area. Unit G comes with a single balcony and Unit H comes with 3 small balconies.
5 bedroom townhomes
This unit offers a kitchen, a laundry room, a dining room attached to a little breakfast area and a small room with an attached bathroom. A tiny lift is added which gives access to the upper floor of the property.
This townhouse unit also provides 3 balconies, a powder room, a small living room, a tiny living area and a family room. A total of 10 bathrooms are added.
Most famous apartment types in Marina Residences
The most popular property is 3 bedroom apartments which is followed by 2 bedroom apartments and 4 bedroom penthouses. Read more about the most luxurious properties around Palm Jumeirah.
The full rental spectrum initiates from AED 110k and ends at AED 400k per year. The rent depends on the type of apartment and it’s floor plan.
- Rental price of a 2 bedroom apartment ranges from AED 110k to AED 152k, per year
- Rental price of a 3 bedroom apartment ranges from AED 140k to AED 300k
- Rental price of a 4 bedroom penthouse ranges from AED 350k to AED 400k
The usual size of a penthouse starts from 6,820 square feet to 10,255 square feet. Majority of 3 bedroom apartments have a floor space starting from 2,439 square feet to 4,750 square feet. As for 2 bedroom apartments, they range from 1,734 square feet to 2,111 square feet.
The sale spectrum in Marina Residences initiates with AED 1.6 million and ends at AED 12 million. On the other hand, the floor plan of these residential units range from 1,527 square feet to 10,254 square feet.
- The asking sale price for a 2 bedroom apartment ranges from AED 1.6 million to AED 2.5 million
- The asking sale price for a 3 bedroom apartment ranges from AED 2 million to AED 4 million
- The asking sale price for a 4 bedroom penthouse ranges from AED 9 million to AED 12 million
The penthouses cover an area of 4,050 square feet to 10,254 square feet. The area of a 3 bedroom apartment ranges from 2,436 square feet to 4,750 square feet. As for a 2 bedroom apartment, it’s size goes from 1,527 square feet to 2,030 square feet.
Rental yield in Marina Residences
A 2 bedroom apartment boasts the highest ROI of 6.5%. At the second place is a 3 bedroom apartment which generates an ROI of 5.9% and the 4 bedroom penthouses generate 5.5% of ROI.
Multiple tram stations are available near the community. Their names are listed below.
- Atlantis hotel, Palm Jumeirah, Monorail Station. This is 9 minutes away.
- Palm Jumeirah Monorail Station. This is 7 minutes away.
- Internet City Tram Station. This is 12 minutes away.
The closest metro stations and bus stops are Nakheel Metro Station and Royal Mirage Bus Stop.
Nearby restaurants are Stay by Yannick Alleno, Nobu, Zest Restaurant and Social by Heinz Beck.
Spinney’s, Golden Mile Galleria, and Milk & Honey Gourmet Supermarkets are good options.
Nearby buildings and landmarks
Golden Mile 1, 8 and 6 are popular nearby buildings. As for landmarks, Sea Lion Point, Atlantis hotel and Aquaventure Waterpark are most visited and nearest options.
Summing it up
Due to the upscale location and an opulent lifestyle, Marina Residences refine the living standards. These residential units guarantee huge bedrooms, variety of luxurious amenities, built-in wardrobes, deep balconies and 24 hours security.
However, the only downside is that metro stations are situated a bit far away. But this gap is filled with the convenient monorail system.