Saturday, March 5, 2011

Dubai Marina


Dubai Marina is a district in the heart of Dubai, United Arab Emirates, that has recently become known as 'new Dubai', It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City and the American University of Dubai, opposite to the Jumeirah Lake Towers, and directly facing the ocean.

The marina is entirely man-made. The marina will contain over 200 high-rise buildings and some super tall skyscrapers, and comprises an area of 4.9 million m² which includes the 40 residential and hotel towers of the Jumeirah Beach Residence. Upon completion (the first phase of this project has been completed), it is claimed to be the world's largest man-made marina. This development will accommodate over 100 thousand people in their luxury apartment towers and villas, with a unique waterfront view.

The first phase of Dubai Marina's development started four years ago and included six freehold waterfront apartment towers, the Dubai Marina Towers. The second phase of Dubai Marina's development includes the construction of several towers, some of which are already completed and mainly offer 1 to 3 bedroom units. Consequently the majority of the properties on Dubai Marina are completed, already sold and even occupied. Few projects are still in construction in the final phase of this immense development, and thus it is high time to invest in Dubai Marina before it is too late.

In spite of the construction sound, Dubai Marina is one of the hottest areas in Dubai, and accordingly the rents and selling prices are constantly increasing. Indeed, with 11 kilometres of non stop boardwalks, stores, and sumptuous options of restaurants and entertainment already available, its future as the most wanted place to live in, is increasingly strengthened everyday. You must look at a map of Dubai to know how much Dubai Marina is attractive. What are the chances of having a Ritz Carlton, a Royal Meridien and a Grosvenor House as neighbours? Moreover you can enjoy the beach, the Meridien Mina Al Siyahi, and the easy access to the remainder of Dubai from Sheikh Zayed Road.

In parallel with the Palm, Dubai Marina is the most attractive real estate sector on sale in Dubai currently and mainly because it is tangible. The residents say that the quality of construction is excellent, a spirit of community quickly developed, and that the facilities in the sector are truly superior.

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