How to Get an Apartment for Rent in Dubai Marina in Dubai

Why Dubai Tenants Are Reliable

As a landlord, your role is to maintain your tenants’ apartments as well as to collect rent. You must also manage your reputation to ensure you attract new tenants, or at least do not lose the ones you already have. Unfortunately, many tenants may be unreliable when it comes to paying rent.

Is there a place in the world where tenants are reliable when paying rent? The answer is yes. In Dubai, a tourism oasis in the Middle East and in the heart of the United Arab Emirates, most tenants already have the money to pay. Rent for apartments in Dubai is also affordable, especially when compared with prices around the world.

Why Choose Dubai Marina?

If having reliable tenants in the Middle East appeals to you, read on to discover why you should get an apartment for rent in Dubai Marina.

Luxury Lifestyle and Attractions

Dubai Marina is known for its luxurious, cosmopolitan, and waterfront lifestyle. The neighborhood has five hotels: the Address Hotel, the Grosvenor House, the Royal Meridian Hotel, the Ritz Carlton, and the Intercontinental Dubai Marina Hotel. It is also home to the Dubai International Marine Club, the Dubai Marina Yacht Club, and the Colin Montgomerie golf courses. Dubai Marina also features the world’s second-largest residential-only tower, the Princess Tower, and a gated apartment complex known as Marina Promenade.

Connectivity and Accessibility

Marina Mall is within driving distance of Dubai Marina, as are Dubai Media City, Dubai Internet City, Palm Jumeirah, and the Burj Al Arab. JBR The Walk, a popular shopping destination, is also close by. The community is located off the Sheikh Zayed Road interchange and Al Sufouh Road, with Al Sayorah Street Bridge nearby.

Apartment Types and Interiors

The standard apartment for rent in Dubai Marina is either a studio apartment or one with 1–4 bedrooms and 2–6 bathrooms, some of which are en suite. The apartments are known for upgraded interiors, high-quality modern finishes, marble and solid wood floors, floor-to-ceiling windows, and stone countertops. Apartments may come either fully furnished or unfurnished. Residents also have access to exclusive beaches.

Features and Amenities Inside Apartments

A typical apartment for rent in Dubai Marina includes:

• Barbecue area

• Children’s play area

• Dining room

• Driver’s room

• Entrance lounge

• Guest bathroom, laundry, and maid’s room

• Study, storage, and utility rooms

• At least one balcony or terrace

Kitchens are usually fully fitted with white goods and modern appliances. Many apartments also feature built-in wardrobes, central air, jacuzzis, private garages, gardens, gyms, and swimming pools.

Tenant Services and Benefits

Tenants renting in Dubai Marina receive 24/7 maintenance, concierge, and security services with CCTV, as well as round-the-clock reception. They also enjoy access to the beach, swimming pools in the residential towers, and loading docks for easy moving.

Premium services may include valet parking, laundry service, in-house chefs, and limousine service. Some apartments are “smart,” allowing remote control of settings. Many even include free central air conditioning or a free chiller.

Facilities in the Residential Towers

The towers offer billiards and games rooms, libraries, meeting facilities, mini-theaters, multifunction rooms, prayer rooms, and residents’ lounges. Outside, residents can socialize in communal gardens.

Neighborhood and Lifestyle Amenities

Dubai Marina also provides:

• Cafes, restaurants, coffee shops, and supermarkets

• Shopping malls, spas, saunas, and steam rooms

• Fitness centers, gyms, and walking trails

• Sports courts for basketball, squash, tennis, and more

• Schools, nurseries, children’s pools, and healthcare facilities

• Mosques, a veterinary clinic, and convenient public transport

Payment Plans for Landlords

For landlords, there are a variety of payment plans available to acquire property. For towers still under construction, there is usually a 6-year payment plan:

• 30% during construction

• 10% on handover

• 60% over the next four years

Other plans include 2-year and 4-year options with different down payment requirements. Realtors may also offer discounts for cash, waive fees, or provide apartments with existing tenants. Some even guarantee up to 8% rental income for the first five years.

Price Range and Rental Yields

The price of an apartment in Dubai Marina ranges between AED 400,000 and AED 6,950,000, with studio apartments at the lower end. Tenants pay between AED 32,000 and AED 1,250,000 annually. Investors can expect to break even within 6–13 years, making it a short-term investment opportunity.

Conclusion

Buying an apartment in Dubai Marina is a strong short-term investment strategy. With countless attractions both within the residential towers and throughout the neighborhood, the area appeals to people from all walks of life. Landlords should have little difficulty securing tenants and generating profit on their properties for these reasons.