Properties for Sale in Dubai Marina

Discover properties for sale in Dubai Marina. We list the best properties on this 50 million sq. feet waterfront promenade and incorporate our award-winning services and reputable RERA-certified agents to help you find your ideal property in Dubai.

Why Buyers Trust Driven:

• Strong reputation: We have a decade-long reputation in the market with a 4.5-star Google rating.
• Industry connections: We help you find unique and exclusive properties unavailable elsewhere.
• Strict confidentiality: We conduct AML/KYC processes with utmost confidentiality.

Dubai Marina is located on the Dubai waterfront, overlooking the Arabian Sea's glistening waters and boasting some of the most architecturally impressive residential real estate. Dubai Marina was voted as one of the 50 coolest neighborhoods in the world by Time Out. No wonder waterfront properties in Dubai Marina are highly sought-after by investors and homebuyers alike.

Dubai Marina is home to high-rise residences, upscale entertainment options, and a picturesque canal-side lifestyle. Located along 3.5 km of azure waters, this metropolitan area is a prime location for waterfront activities, including private yacht chartering, jet-skiing, and leisurely boat tours.

Dubai Marina properties offer an exceptional waterfront lifestyle within one of Dubai’s prime urban communities.

• Luxury properties in Dubai Marina serve as a desirable residential space or investment opportunity.
• Indulge in leisurely yacht cruises, explore canalside dining options, or dive into thrilling waterfront sports.
• A world of recreation lies at your fingertips, with restaurants, bars, and lounges lining the canal.

Types of Properties for Sale in Dubai Marina

Sky's the limit when it comes to Dubai Marina apartments for sale. Comprising many major developments and communities, you can find whatever you ask for. If you prefer luxury real estate in Dubai Marina, you can go for Emirates Hills or Palm Jumeirah. Dubai Marina penthouses for sale can be found in Stella Maris, Cavalli Tower, and Elite Residence.

If you are looking to buy a home in Dubai Marina, then you can find many family-friendly communities such as Arabian Ranches, Mirdif, Al Furjan, Jumeirah Lake Towers (JLT), DAMAC Hills, Jumeirah Village Triangle (JVT), and Jumeirah Village Circle (JVC).

Dubai Marina Property, Location & Accessibility

Dubai Marina is located on the waterfront of the city of Dubai on the Arabian Sea, on Interchange 5. The main north-south highway is located just by the Marina, which allows residents to commute to the entire Emirate of Dubai seamlessly. It is close to Dubai Internet City, Dubai Media City, and the American University in Dubai.

You don’t need to own a car in Dubai Marina because public transport is readily available. There are two metro stations in the area and the tram system and the buses also have many stops and stations.

Key Features and Amenities of Dubai Marina Properties

Dubai Marina is bustling with amenities and attractions that make Marina living in Dubai a pleasure. Pier 7 dubbed ‘seven-storey culinary destination’ offers the tastiest dishes. Dubai Marina Yacht Club is also a stone’s throw away for those who love sailing.

There are numerous hotels as well as gyms, health clubs, and spas. Shared pools and public recreation spots give residents the chance to bask in the beautiful sun. The Walk Boulevard near Jumeirah Beach Residence is also a great place to promenade around the sunset.

Benefits of Buying a Property in Dubai Marina

Dubai Marina is brimming with life and excitement. Many reasons make this area a great place to live in.

• Bustling area: So many attractions are within your reach including watersports, skydiving, beach resorts, F&B options, nightlife venues, chic bars, cafes and much more.
• Luxury apartments with breathtaking views: if you buy a home in Dubai Marina you’ll be guaranteed a stunning view, overlooking the beautiful Arabian Sea as well as many luxury options that will elevate your lifestyle.
• Seamless transportation: With the metro, tram, and water taxis at your disposal, moving around the city is very easy. Dubai Marina also boasts stunning walkways for those who love leisurely strolls.
• Countless amenities: In Dubai Marina, everything you need is within your arm’s reach: from small grocery stores to major supermarkets, banks, pharmacies, medical centers, gyms and others.

Investment Opportunities and Future Growth

Dubai Marina investment properties are highly coveted by investors and homebuyers alike. The benefits listed above add to the value of the already valuable and luxurious real estate. Investment opportunities in Dubai Marina are very abundant with so many residential and commercial properties available for purchase.

Dubai Marina has demonstrated strong rental yields over the past decade. According to recent market reports, rental ROI in Dubai Marina ranges between 6% and 7%, while some properties have recorded even higher returns. These promising numbers are mainly driven by the high demand for rental properties as well as the area’s prime location, world-class amenities and luxurious lifestyle.

Types of Properties Available in Dubai Marina

Dubai Marina stands as one of the most iconic real estate destinations in Dubai. When you're looking for a Dubai Marina property for sale, the variety can seem endless. Each unit type here suits a specific kind of investor or resident.

Below is a clear understanding of what you can expect to find when you begin to explore the property for sale in Dubai Marina.

Luxury Apartments

Luxury apartments in Dubai Marina appeal to high-net-worth individuals and long-term investors. Most of these units offer panoramic waterfront views, floor-to-ceiling glass windows, smart home features, and on-site security.

Residential towers such as Marina Gate and 52|42 Emaar Residences are prime choices. These units typically range from 2,000 to over 4,000 square feet. Buyers seeking high occupancy rates often prioritise these properties.

Penthouse Units

Penthouses represent the upper-tier bracket in Dubai Marina real estate. These units usually span entire floors, with rooftop decks, private pools, and dedicated elevators. In high-rise towers like Cayan Tower or Le Reve, the finishing materials often include imported marble, engineered hardwood, and custom cabinetry. These are ideal if you're seeking luxury and exclusivity, and they remain in limited supply.

Villas and Townhouses

Though rare in the Marina, some exclusive developments offer villas and townhouses. Found near Marina Promenade and Dubai Marina Walk, these properties include private garages, small gardens, and multi-level layouts.

These units cater to buyers who need more interior space and outdoor access while staying within a vertical community.

Studio and 1-Bedroom Flats

Investors targeting high rental yields often look into studios and compact one-bedroom apartments. Sizes generally vary between 450 to 900 square feet. Buildings like Marina Diamond and Bay Central frequently host these types.

These units are ideal for singles, students, or short-term tenants. They are also more liquid in the secondary market.

How to Buy a Property in Dubai Marina: Step-by-Step

Dubai Marina is a designated freehold zone. You can buy property in Dubai Marina and own it 100%. But legal ownership is only part of the process. The transaction involves multiple stages that require precision and planning. Here's the process in steps:

Step 1: Identify the Property

Start by identifying the type of Dubai Marina property for sale you want. Use verified listing platforms, attend open houses, or schedule guided tours with licensed real estate agents from Driven Properties in Dubai.

You should also consider long-term factors such as location proximity to public transit, shopping zones, and amenities.

Step 2: Negotiate and Sign MOU

Once you've selected the unit, both buyer and seller must agree on price and terms. The next step is drafting the Memorandum of Understanding (Form F). The buyer is usually expected to deposit 10% of the purchase value as a commitment.

Step 3: Obtain No Objection Certificate

The seller must apply for a No Objection Certificate (NOC) from the developer, like Emaar or Select Group. The developer checks for any unpaid service charges or violations. The fee for this ranges between AED 500 to AED 5,000.

Step 4: Final Transfer at DLD

After receiving the NOC, both parties visit a DLD-approved trustee office. There, ownership is officially transferred. Buyers must pay a 4% transfer fee to the Dubai Land Department. Admin charges at this stage are usually between AED 4,000 and AED 5,000.

Step 5: Registration and Utilities

Register the new title deed and initiate your DEWA account. For electricity and water setup, connection charges generally range between AED 2,000 and AED 4,000 depending on the size of the unit. Now you're officially ready to take possession.

Purchase your ideal Dubai Marina property with Driven Properties today. Experience the best of Dubai living by contacting one of our expert real estate agents and scheduling a viewing.

For other options, check more listings available in Dubai Marina.

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Legal Guidelines for Property Buyers in Dubai

Dubai operates under a well-defined legal framework for real estate transactions. As a buyer, you must be at least 21 years old. Title deeds are issued in the buyer's name via the Dubai Land Department.

Freehold ownership allows full rights to sell, lease, or occupy the property without restrictions. However, due diligence is essential. Always confirm the property’s status, ensure it’s not mortgaged or involved in litigation. For secure handling, you should work with RERA-registered agents.

The contract of sale should list all deliverables clearly, parking spots, maintenance schedules, and any inclusive furnishings. Failure to check these could lead to disputes later.

If you're buying with a mortgage, registration of the mortgage with the DLD is mandatory. The registration fee stands at 0.25% of the total loan amount, plus AED 290 in admin charges.

Financing Options for Buyers

Financing a Dubai Marina property for sale depends on your residency status. Banks and financial institutions in Dubai offer property loans to both residents and non-residents. However, the structure and amount vary.

• For UAE Residents: Banks in Dubai generally offer up to 80% loan-to-value (LTV) for first-time property buyers. The interest rates can vary but usually fall between 3% to 5% annually. Loan tenures extend up to 25 years.

Salaried applicants must present payslips, bank statements, and employment letters. For self-employed buyers, audited financial records and trade licenses are required.

• For Non-Residents: Non-residents can still buy property in Dubai Marina, though the financing limit drops to 60% LTV. These loans are typically shorter in tenure and come with higher interest rates. You need to submit bank statements from your home country, proof of income, and international credit history.

Here’s a quick breakdown of typical costs associated with financing and buying:

• Dubai Land Department fee: 4% of purchase price
• Trustee registration fee: AED 4,000 to AED 5,000
• Mortgage registration: 0.25% of loan amount + AED 290
• NOC charges: AED 500 to AED 5,000
• Agent commission: Around 2% of sale price
• DEWA setup: AED 2,000 to AED 4,000

Additional insurance and maintenance costs vary by building and developer policies.

Frequently Asked Questions:

1. Are Dubai Marina properties a good investment?

Aside from being a luxurious and well-located area, Dubai Marina has proven to be a top choice for investors in 2024. The area enjoys great connectivity, major attractions, and strong rental performance, which makes it a promising investment opportunity.

2. What is the average price of a property in Dubai Marina?

The average price of a house in Dubai Marina is around AED 2,500,000.

3. Can foreigners buy property in Dubai Marina?

Yes, Dubai Marina is a freehold area in Dubai; consequently, foreigners can own property there.

4. Are there any off-plan properties available in Dubai Marina?

Yes, there are multiple off-plan projects available in Dubai Marina; namely Pelagos, Marina Cove, Franck Muller Vanguard, Six Senses Residences, Kempinski Marina Residences, and Habtoor Grand Residences.

5. How can I finance a property purchase in Dubai Marina?

Once you find a property you like at Dubai Marina, you can approach a local or international bank operating in the UAE for a mortgage loan.

6. What rental yields can I expect from a property in Dubai Marina?

Rental yield in Dubai Marina depends on the property, its location and amenities. On average, these yields can range between 6% and 9%.