Select Group Marina Gate
The residences at Marina Gate is a multi-building complex developed by Select Group and located in Dubai Marina. The complex comprises two residential towers and one mixed-use tower. The development was launched in 2014 and consisted of three phases. Each phase represents a separate tower.
Select Group Marina Gate Tower 1 was completed by March 2018, while Marina Gate Tower 2 was handed over in Q1 2019. These two towers comprise a total of 881 apartments, 19 penthouses and 15 townhouses for sale in Dubai Marina.
Apartments for sale in Marina Gate include 1-4BR units and feature modern interior design, a master bedroom with en-suite bathroom, an open-plan kitchen, a spacious living room and a wide balcony. Select Group Marina Gate apartments overlook either Dubai Marina and the Dubai skyline.
The starting price of apartments for sale in Marina Gate by Select Group is AED 1.7M, while the total area is 2368 sqft.
Features
The Residences at Marina Gate is located in Dubai Marina, one of the most sought-after residential address for buying apartments in Dubai, UAE. It features a convenient location near Marina Walk, The Beach at Jumeirah Beach Residence and The Marina Mall.
Developed by Emaar Properties, Dubai Marina is considered to be the largest man-made marina in the world. The area features dozens of high-rise residential buildings, premium leisure facilities and several luxury hotels. There are 28,500 completed buildings and apartments in Dubai Marina on today’s date. The capacity of the Dubai Marina's buildings is estimated at 120,000 people.
Most of the residential properties in Dubai Marina have dedicated parking spaces and there are also public parking lots within the district. The area also features public transport, which includes two metro stations: The DAMAC Properties and DMCC.
Dubai Marina has a direct link to Sheikh Zayed Road, which runs through the entire UAE and allows to fast travel around the city. For example, Downtown Dubai is located in 20 minutes, while Dubai International DXB Airport is 30-min drive away.
Purchasing just one unit ensures significant life-time returns as the return of investments (ROI) in Dubai Marina has reached 6.1%. The average rental price in the area is AED 40,000. Thus, the net profit (considering the fees for management, utilities and 5% income tax) will amount to AED 36,000 or annually AED 480,000.