Invest in Property: A Deep Dive into Dubai Marina, the World's Largest Man-Made Marina
Recognized as an embodiment of New Dubai's dynamism, Dubai Marina is a thriving hub of illustrious hotels, residential towers, and an array of restaurants and recreational amenities. It holds the prestigious title of being the world's most expansive man-made marina, and it accommodates over 120,000 residents. It continues to attract visitors globally, courtesy of its cutting-edge ambiance, top-tier amenities, impressive ocean views, and a stunning 7 km-long waterway that acts as a mooring place for the city's most prized leisure vessels.
Dubai Marina: The Pulse of New Dubai
Dubai Marina comprises 10 unique residential districts, with the landmark Jumeirah Beach Residence development gracing the coastal skyline. Housing over 200 towers that comprise a blend of residences, serviced apartments, and mid to high-end hotels, it stands as the most extensive freehold residential development in Dubai. It is also lauded for its excellent transport connectivity, boasting two Metro stations, a robust bus network, the Dubai Tram, and ferry services that link it to Business Bay via the Dubai Canal.
Dubai Marina: The Epicenter of Leisure
Dubai Marina enjoys immense popularity as a hotspot for dining and leisure. It becomes a hive of activity over the weekends as locals and tourists immerse themselves in this fantastic beachside destination. The expansive walkways of Marina Promenade, awe-inspiring views, and a multitude of restaurants and retail outlets make it a delightful place for a leisurely walk. Key attractions include 'The Walk' at Jumeirah Beach and the bustling development, The Beach, featuring a plethora of retail, dining, and leisure outlets along a 1km beachfront stretch.
A Prime Destination for Property Investment: Dubai Marina
Dubai Marina consistently ranks as one of the city’s prime areas for property investment. In 2018's first half alone, the district witnessed 1,445 transactions worth AED2.9 billion. However, the scope for investing in new, off-plan developments is limited due to its established status. The up-and-coming Ciel tower, destined to become the world's tallest hotel upon completion, presents an unparalleled investment opportunity in the heart of this globally recognized district.
The Prospects of Dubai Marina: Investing in the Ciel Tower
As one of Dubai’s premier modern developments, Dubai Marina has a limited number of plots available for construction, implying limited investment opportunities. As per data by property analyst lookup.ae, in February 2016, the area comprised 148 ready or occupied buildings, with 23 buildings under construction, translating to 28,500 ready apartments and a pipeline of 4,800 units under construction.
Dubai: A Global Destination
Dubai, already hailed as the Middle East's most vibrant and promising city, is set to further bolster its global stature as it gears up to host the region's maiden World Expo in 2020. The six-month-long event is projected to attract over 25 million attendees, further accentuating Dubai's appeal on a global scale.
Dubai's growth trajectory is expected to see a surge in the coming decade, thanks to strategic initiatives aiming to establish it as the region's first global city. These include UAE Vision 2021, a groundbreaking economic diversification strategy unveiled by the UAE government, with an investment commitment of AED300bn ($82bn) towards nurturing key sectors such as education, technology, transportation, healthcare, renewable & clean energy, water, and space exploration. This program promises a positive impact on Dubai's core economic sectors, including hospitality, tourism, construction, transport, and trade.
