Exploring New Real Estate Developments in Dubai Marina (Dec 2023)

Dubai Marina is a luxurious waterfront community that offers some of the best real estate investment opportunities in Dubai. Since its official opening in 2003, this man-made marina has seen rapid development, with new projects every year. It is a continuously expanding district comprising residential properties, hotels and commercial establishments.

Dubai Marina has a 3.5-kilometre canal that separates it from the mainland. It was planned as a wealthy neighbourhood with some of the best beaches, like JBR Beach and Marina Beach. It is located near Sheikh Zayed Road, which can take you to any part of Dubai within minutes. So, have you ever thought about investing in a fancy place like Dubai Marina? Well, guess what? Some cool new residential developments are under construction that we are going to discuss in this blog. Let's explore these exciting opportunities that might be the perfect fit for your next investment. 

Real Estate Trends in Dubai Marina

Dubai Marina has become a popular place for buying and renting property. Foreign investors are drawn to the area due to its incredible waterfront views, amazing amenities and it’s proximity to areas like Jumeirah Beach Residence and Palm Jumeirah. The availability of luxury residential towers with stylish homes has also attracted high-end buyers. Investors looking for a good return on investment can expect great rental yields and long-term capital appreciation.

Properties in Dubai Marina have shown a steady increase in their average sale price over recent years. The average price per square foot in Dubai Marina has risen by 12.5% since the beginning of 2023. One-bedroom apartments sell at an average rate of AED 2 million, while two and three-bedroom apartments cost around AED 5 million. Investors should also be aware that rental yields in Dubai Marina stand at 6.91%, which is higher than the average figure in Dubai (6.21%). Hence, Dubai Marina is an attractive option for investors looking to generate a return on their investment through rental income. 

Many international companies have established regional offices in Dubai Marina due to its excellent infrastructure and strategic location. So, there is an increased demand for office space within commercial buildings near these corporate offices. Many developers have launched mixed-use projects offering residential and commercial units within one complex to capitalise on this opportunity. This provides further opportunities for potential investors or renters within the city centre of Dubai Marina.

Upcoming Real Estate Developments in Dubai Marina

Marina Shores

Marina Shores is a residential complex developed by Emaar Properties, which is set to be completed at the end of 2026. It offers diverse housing options ranging from 742 sq. ft. to 2615 sq. ft. of apartments (1-4 bedrooms) and five-bedroom penthouses of 8159 sq. ft. The building will have 53 floors and 437 units, offering an array of amenities such as:

• Gym
• Bbq Area
• Swimming Pool
• Children’s Pool
• Multi-Purpose Room

The prices range between AED 1,500,000 to AED 20,580,850. All units have high ceilings and quality fittings, including modern kitchens with built-in appliances, sleek bathrooms with contemporary fixtures, and spacious balconies with stunning views over the marina and seafront.

Marina Living

Marina Living is an upcoming residential complex that offers a stunning view of the bay and sits parallel to Sheikh Zayed Road, giving easy access to other parts of Dubai, like Downtown Dubai. Scheduled for completion by 2025, this 23-storey tower promises luxurious facilities such as a spa, swimming pool, gym and yoga hall. Marina Living is a 12-minute drive from Jumeirah and Mall of the Emirates, a 6-minute drive from Dubai Marina Mall and a 25-minute drive to Dubai Airport. The development offers one and two-bedroom apartments starting at AED 1,698,783 with design features that are fashionably stylish and practical. Features include sleek bathrooms, spacious balconies and built-in appliances that create a home of unique charm.

LIV Marina

Liv Marina is a new residential development on one of the last waterfront plots in Dubai Marina. Constructed by LIV Real Estate Developers, LIV Marina will be a 44-story tower with stunning views of the marina. Every apartment in LIV Marina optimises waterfront views with full-height windows and fantastic open-air balconies. The development is strikingly designed to stand apart in the Dubai Marina skyline to become one of the area's most distinctive addresses Amenities at LIV Marina will include a resort-sized infinity pool, beautiful gardens and a state-of-the-art gym, yoga studio and spa.

Upcoming Real Estate Developments Near To Dubai Marina

Bluewaters Bay

Bluewaters Bay at Bluewaters Island, located next to the JBR, is a project by Meraas. The development is expected to be completed in early 2027 and will feature two high-rise buildings with 672 apartments ranging from 801 to 2994 Sq. Ft.. The price of the apartments starts from AED 3,600,000.

Bluewaters Bay offers all the comforts and amenities expected from a modern luxury apartment complex. Residents can enjoy facilities such as a swimming pool, gym, kids' play area, park, and leisure area. The development is located near the following areas:

• JBR and Dubai Marina 2 minutes
• The Palm 10 minutes
• Downtown Dubai 20 minutes
• Sheikh Zayed Road 2 minutes

Sobha Seahaven

Sobha Seahaven is a luxury real estate development situated in Dubai Harbour. The development offers one to four-bedroom apartments complete with marble flooring and designer kitchens and will be completed by 2026. Prices for these apartments start from AED 4,400,000.

The complex provides residents with various amenities such as an infinity pool, gym, 24/7 security and onsite parking. Homeowners can enjoy stunning views of the Arabian Gulf or the nearby Dubai Marina skyline from balconies or terraces. Sobha Seahaven is close to iconic attractions like Skydive Dubai and Palm Jumeirah Island. Other nearby communities include Dubai Media City, Dubai Internet City and Al Sufouh 2.

Grand Bleu Tower

Grand Bleu Tower is another luxurious residential project developed by Emaar located in Emaar Beachfront. The two-tower development offers 631 residences ranging from one to seven bedrooms and features spacious living areas with open-plan kitchens and private balconies. Residents of Grand Bleu Tower will also enjoy access to five-star amenities such as a private beach, swimming pool and fitness centre. Prices start from AED 3,752,888 for a one-bedroom apartment to AED 30,000,000 for a full floor level. Construction of the tower is underway and expected to be ready for handover in Q4 2023.

Grand Bleu Tower is close to iconic landmarks such as Dubai Marina Mall (10-minute drive) and The Walk at JBR (15-minute drive). Residents of Grand Bleu Tower will benefit from 24/7 security services and landscaped gardens designed specifically for relaxation and entertainment. 

Conclusion

Dubai Marina is a great place if you are interested in investing in real estate in Dubai. Located near major business centres such as Media City and Dubai Internet City, there is no sign that Dubai Marina’s popularity will be declining anytime soon. The upcoming developments discussed in this blog showcase real estate's evolving and promising future in Dubai Marina. They offer different homes with amenities like pools, gardens and gyms. The prices vary, but they all promise a luxurious lifestyle. Keep an eye on these new developments because they have the potential for long-term returns and show the bright future of real estate in Dubai Marina.