The development at the Dubai Marina is today seen by many as encapsulating the true spirit of 'New Dubai.' Mark Burns takes a closer look at the development to see why so many investors are still choosing to invest in one of the emirates most prestigious developments.
Few developments epitomise the vision and aspirations of the ‘New Dubai’ in the same way of the superb Dubai Marina. Designed to be a ‘city within a city,’ the property in Dubai Marina offers residents the ultimate in luxury, waterfront lifestyle. Covering an area of over 50 million square feet, and with a boardwalk stretching over 11 kilometres, the development is set to become one of the world’s largest marinas when it is completed. Offering a dazzling array of sumptuous restaurants, cafes and boutique shops, the Dubai Marina offers a genuine escape from the rigours of everyday life.
The property in Dubai Marina tends to be comprised predominantly of apartments, all situated within the numerous luxury, high-rise towers which can be found throughout the development. Offering superb views over the marina and the Arabian Gulf, it is easy to see why so many people have chosen to invest in this well conceived development.
Undoubtedly, this unique lifestyle opportunity has captured the imagination of people looking to purchase property in the Emirate, and has consistently proven to be one of the most sought after residential locations in Dubai. So what is it about the Dubai Marina which has made it so commercially successful, and why are so many people still looking to purchase property in the development, despite today’s more challenging economic conditions?
As with so many successful property developments, the real key to the marina’s success lies in its superb location. Offering residents close proximity to the major transport arteries of the Sheikh Zayed and Emirates Roads, as well as many of the major commercial hubs such as Dubai Internet City, the property in Dubai Marina has proven highly desireable amongst Dubai’s professional and executive classes.
However, where the development really delivers, is in its ability to combine close proximity to the commercial hubs with a serene, waterfront lifestyle. The ability to offer residents a true alternative to the busy commercial centres is undoubtedly something which is valued today, and will be in the years to come.
Given today’s more challenging economic conditions, the necessity to invest in property in prime locations is becoming increasingly apparent. The property in Dubai Marina offers opportunities to capitalise via both short and term rental. Without doubt, people value the tranquillity on offer here, a true alternative to the busy day to day life found elsewhere throughout the emirate.
Over the coming years, as Dubai continues to develop, properties in destinations such as the marina are likely to become increasingly popular. High demand driven through increasing visitor numbers is likely to ensure a consistent appreciation on property in the development. So if you are thinking of buying property in Dubai, it is undoubtedly worth looking at the various properties which are on offer here. Although not suited to all budgets, the marina really has an offering which is unique within the region, and which is likely to prove popular with residents and investors in the years to come.
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