Dubai Maritime City is a space designed mainly for maritime operations, but it has evolved to include various residential properties on the eastern end. These spots include luxurious apartments and penthouses with one to four bedrooms each. These residences are also in spaces with plenty of amenities. The costs for these properties will vary surrounding how much space is involved, with the spots having more bedrooms often costing more. But the potential return on investment will be worthwhile for many investors to explore.
Creation of Dubai Maritime City
Dubai Maritime City was established by DP World as a maritime zone for various purposes. The area is about 2.27 million square meters in size and is divided into multiple segments. The main intention of Dubai Maritime City was to create a space for ship operations, including sites for ship construction and repair. The site would also include residential properties in the eastern area, providing workers in the region a nearby space for living.
Present Day
Dubai Maritime City has evolved to include various spaces. In addition to the ongoing ship construction and berthing operations here, the region is also home to the Maritime Center, a hub for maritime businesses. The area is also home to the Landmark Tower, a 751-foot that operates as a five-star hotel. There are also multiple plots available for office tower development and additional residences. There’s also room for various high-rise residential towers offering quality luxury properties for sale and rent.
The marina at Dubai Maritime City is continuing to grow. The initial goal was to create a marina with a thousand berths, although whether that will get up there is unclear. But the grand number of berths here makes this a popular site for people with boats or yachts.
What’s In the Neighborhood?
The neighborhood is conveniently near various valuable sites around Dubai. Dubai Maritime City is about 1 km from Jumeirah Beach Road and about 2 km from the Bur Dubai region. The eastern part of the city is home to the Maritime City Promenade, a vast park space surrounding many of the residential properties in the area. There are many other recreational and dining opportunities available near D75, heading back toward the mainland of Dubai.
The Dubai Maritime City Campus is a prominent educational site in the neighborhood. This academy houses schools devoted to marine engineering and science. The area also includes a mosque and convention center.
Types of Properties In Dubai Maritime City
The properties in Dubai Maritime City include various intriguing beachfront spaces. These are spots that are about 150 meters from the sea in most situations, providing enough room for residents to get to the area.
The groups operating these spaces in Dubai provide many community features for residents or renters to enjoy. Many buildings include dedicated recreation and fitness rooms. The outdoor areas include beautifully landscaped gardens, private car parks, and various social activities. Outdoor pools are also available in some spaces. These sites also have elevators for convenient access to their units.
One-Bedroom
Some smaller properties here are one-bedroom apartments with about 750 to 860 square feet of living space. The average cost for a property will vary, with most spaces going for about 1,600 to 1,800 AED per square foot.
One-bedroom spaces typically feature a walk-in kitchenette and a small spot for an office. A dedicated bathroom will include various amenities, including a soaking tub and shower space.
One-bedroom apartments are intended mainly for single people, although they can also work for couples. These smaller spaces can work well for rental purposes, especially for those on contract work who require a place for a few months.
Two or Three Bedrooms
Two and three-bedroom apartments are also exciting beachfront properties in Dubai to note. These spaces offer more room, with two-bedroom properties featuring around 1,200 to 1,300 square feet and three-bedroom spaces having at least 1,600 square feet of room.
The more massive apartments in Dubai Maritime City will cost more at around 1,900 AED per square foot and above. The higher costs come from not only the more extensive amounts of room but also from the extra amenities. Many of these apartments will feature kitchens with more room, expansive bathrooms with additional spaces, and more wide-open flooring plans.
Penthouses
The penthouse properties in Dubai Maritime City provide enough room for all family members. The sizes of these penthouses will vary, with many offering about 3,000 to 4,000 square feet of space. These spots also feature about three or four bedrooms on average. A standard bathroom will appear in each penthouse, with some also including a separate powder room. A second full-size bathroom can also feature in some penthouses, making this convenient for families with more people.
Some penthouses come with two levels of living space. The extra-tall windows around many penthouses provide a luxurious view of the city of Dubai or the Gulf.
Penthouse properties are often in buildings with more extensive amenities. In addition to traditional fitness centers, many properties will include community rooms, recreation rooms, and even children’s play areas. All of these features are surrounded by landscaped gardens and green areas.
Penthouses are among the most expensive properties available in Dubai Maritime City. Residents can expect to spend 1,800 to 2,000 AED per square foot to purchase a penthouse here.
The down payments may also be high, as residents are expected to put down 10 to 15 percent of the total cost at the start. While people could also rent properties like these, penthouses are more likely to be straightforward purchases. But many investors are providing all-cash purchases, so these points might not be a factor.
Return on Investment
The potential return on investment for an off-plan property in Dubai Maritime City will attract prospective investors. The ROI is expected to be around 7 to 8 percent per year. The total will be attractive enough to people looking for a property that can rise in value, especially as demand for properties continues to increase.
Contact Us For Further Details
The residential properties in Dubai Maritime City are new spaces that offer some exciting investment opportunities. Residents will find great sites for living that include many amenities and outstanding views of the city and the Gulf. The diverse options are also useful, as people will find spaces with everything from one to four bedrooms. The area is still growing and will include more amenities over time, so you can expect this space to be a viable spot for investment plans.
You can consult us today for details on how to find beachfront properties in Dubai at Dubai Maritime City. We are here to help you learn more about what properties are available and what spaces will be interesting to you. Contact us to see what’s open and how you can benefit from one of these exciting investments in Dubai.
