Dubai Marina: Overview of New Projects

Dubai Marina is an area just by the Persian Gulf. This is one of the largest man-made marinas in the world, which began to develop in 2003. In just 20 years, Dubai Marina has become one of the most popular residential areas and tourist destinations in the region. All thanks to its luxury residential buildings and world-class amenities. In this article we will discover the newest buildings in Dubai Marina.

• A Guide to Dubai Marina
• Rental Housing in Dubai Marina
  
• Buying and Selling Properties in Dubai Marina
  
• Top 10 New Buildings in Dubai Marina
  

A Guide to Dubai Marina

Emaar Properties developed Dubai Marina from scratch, avoiding any urban planning mistakes. Dubai Marina has a well-designed road network and a picturesque marina. A 3.5-kilometre canal separates the artificial area from the mainland and provides access to the sea from both ends of the island. 

Dubai Marina was planned as a wealthy neighbourhood from the very beginning. It boasts the best beaches and hotels in the world, ranging from four- to seven-star accommodation options, such as The Palm Tower & Spa. Residents can enjoy viewing the yachts moored below their windows. Dubai Marina also features big shopping malls with world-famous brands. 

Beaches like the JBR Beach or the Marina Beach have many cafes and restaurants with a spectacular view of the embankment. Seafood lovers can indulge themselves in one of the many restaurants offering Mediterranean delicacies and dishes of other national cuisines. Dubai Marina is also famous for its vibrant nightlife. There is a great choice of bars and clubs to have a fun night out.

You can find lots of sports amenities on the seashore of Dubai Marina, from beach volleyball courts to bicycle lanes. Water sports enthusiasts can dive into a wide range of activities: water skiing, jet skiing, kayaking, canoeing, and others. 

Dubai Marina has great transport links. It is conveniently located near the main transport artery of Dubai, the Sheikh Zayed Road, which can take you to the city or the airport in the blink of an eye. A metro line runs through the area, and you can also use a water taxi. 

Luckily, Dubai Marina is also pedestrian-friendly. You can walk along the wide shaded paths by the seashore and shelter from the heat and rest in one of the many public places on your way. 

One more thing, if you are on the embankment in Dubai Marina, right next to it, on the Bluewaters artificial island, you can see Ain Dubai — the highest Ferris wheel in the world.

Rental Housing in Dubai Marina

How much does it cost to rent a housing in the buildings in Dubai Marina? Dubai Marina is the most sought-after area among wealthy tenants. In the first quarter of 2023, rental prices in Dubai Marina have soared by 31.9% for one-bedroom flats, by 36% for two-bedroom flats, and by 38.5% for three-bedroom options. At the beginning of the year, the average lease price for a one-bedroom flat was 91,000 AED ($24,778) a year, 139,000 AED ($37,848) for two-bedroom flats, and 207,000 AED ($56,364) for flats with three bedrooms.

Buying and Selling Properties in Dubai Marina

The economic stability of the emirate and the investment-friendly policy of local authorities keeps attracting foreign investors to the real estate sector. In the first quarter of 2023, Dubai Land Department registered 30,767 real estate deals for purchasing and selling properties in completed or off-plan projects. The total worth is said to be 87.9 billion AED ($24 billion). 

What about buying and selling properties in Dubai Marina projects? Dubai Marina is one of the most popular areas in the emirate for buying luxury real estate.

The average price of one square metre in Dubai Marina has gone up by 12.5% since the beginning of 2023 and has reached $4473. The average transaction price has also increased by 1.23% to $430,000.

You can buy a one-bedroom flat in Dubai Marina for an average of $348,000. Two- or three-bedroom options cost $555,000 and $923,000, respectively.

Many buy real estate in popular areas to rent it out later. The rental yield in Dubai Marina was 6.91% in January 2023. In contrast, the average figure in Dubai is only 6.21%.

The average pay-off depends on the type of housing. Studios bring the most profit, up to 7.6%. The pay-off for one- and two-bedroom flats is slightly lower, 7% and 7.4%, respectively. The least profitable are three-bedroom flats, they will bring you no more than 6.2%.

Top 10 New Buildings in Dubai Marina

Today Dubai Marina offers properties on sale both in completed and off-plan residential complexes. What are the new buildings in Dubai Marina? Check out our list of the top 10 most interesting developments.

Marina Shores

Marina Shores opens our list of Dubai Marina new developments. Marina Shores is a high-end residential complex, developed by Emaar Properties. It is scheduled for completion at the end of 2026. This Dubai Marina project offers a luxurious housing. Marina Shores offers apartments from 69 to 243 square metres and five-bedroom penthouses of 758 square metres, with a private pool and a spacious terrace. The building will have 53 floors and 437 flats in total. Almost every unit has a picturesque view of the sea and the surroundings of Dubai Marina. The prices vary between $408,441 to $5,603,812. Considering the current price fluctuations, apartments will cost significantly more by the end of construction.

Marina Living

Let's discover another new building in Dubai Marina. In the middle of 2025, Dubai Marina will have a new completed residential complex called Marina Living. This one of the new towers in Dubai Marina will be located just next to the embankment. The panoramic windows of a 23-storey tower offer views of the bay and Downtown Dubai. The amenities include a spa, a gym, and a Pilates and yoga hall. Apartment prices of this development company start at $374,345.

Bluewaters Bay

Bluewaters Bay is another one of the Dubai Marina new buildings. The upmarket residential complex by Meraas Holding is located next to JBR Beach. The construction of Bluewaters Bay began in 2022 and will be completed in early 2027. This project will be the next phase of Bluewaters Residences. The complex will have two high-rise buildings of 40 and 49 floors. There will be 672 apartments from 74 to 91 square metres. Prices for properties in Bluewaters Bay range between $980,258 and $1,037,440. The amenities include a tennis court, a panoramic swimming pool, a gym and outdoor sports grounds, spacious open-air recreational facilities, a children's pool, a barbecue area, and an observation deck. So this one of the new projects in Dubai Marina seems to be comfortable for whole family.