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MARRIOTT RESIDENCES

On request
Request objects Download brochure
Delivery of the object
IV quarter, 2024
Living space
min. 103.0 m²
Payment plan
30 / 70
Location
MARRIOTT RESIDENCES - Al Asayel St - Business Bay - Dubai - UAE
Al Safa (formerly Noor Bank)
5000m
Business Bay
1800m
Burj Khalifa/Dubai Mall
2500m
Social and commercial facilities
Transport accessibility
Landscaped green area
Landscaped garden
Sports ground
Security
CCTV
Common area with pool

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Marriott Residences in Dubai

The luxury residential complex Marriott Residences in Dubai, UAE, is scheduled for completion in December 2024. Nestled within the bustling Business Bay, this 15-storey edifice is being developed by MAG Property Development through its subsidiary, Fortune 5.

Comprising 138 apartments with 1 and 2 bedrooms, the residential units range from 62 square metres to 217 square metres. During the construction phase of Marriott Residences, prices from the developer start at AED 1.

26 million (USD 342,000) for a 1-bedroom unit.

At the ground level, a spacious lobby welcomes residents and guests, featuring a designated recreation area and a concierge service.

The complex offers an array of amenities and communal spaces, including:

  • Cosy terrace atop the podium with sports facilities and relaxation spots;
  • Outdoor swimming pool and deck with sun loungers by the water;
  • In-residence dining;
  • Gym;
  • Conference and event hall;
  • Barbecue area;
  • Car parking.

Residents will enjoy top-notch hotel services from the renowned hotel brand. Additionally, the company provides apartment buyers with a loyalty card, offering access to bonuses and discounts on services and accommodations at hotels within its global network.

Marriott Residences in Business Bay

Situated in the vibrant Business Bay district, adjacent to Downtown Dubai, the new building offers its residents the quintessential urban lifestyle. Within walking distance are the pedestrian promenade, Marasi Drive Park and the Gala Supermarket.

With easy access to Al Asayel St, intersecting Burj Khalifa Blvd and Dubai Fountain St, residents can effortlessly reach the city’s renowned attractions, shopping destinations and entertainment hubs. Within a 5–15 minute drive, you’ll find:

  • The Burj Khalifa, a multifunctional skyscraper boasting a business centre, renowned restaurants and an observation deck with breathtaking panoramic views of Dubai.
  • The state-of-the-art Dubai Opera;
  • Premier educational institutions such as Dubai International School and JSS Private School;
  • The expansive Dubai Mall, offering an extensive array of luxury boutiques, a food court, an aquarium, an ice-skating rink and a cinema complex;
  • The iconic Dubai Fountain;
  • Godolphin Marine Transport Station;
  • Dubai International Financial Centre;
  • The luxurious 5-star Burj Al Arab hotel.

Apartments in Marriott Residences

Each of the off-plan projects in Marriott Residences will boast a chic minimalist aesthetic, featuring a palette of serene white, brown and beige tones.

The layout of the 1-bedroom apartment includes:

  • Compact foyer;
  • Open kitchen with a breakfast bar;
  • Living area combined with a dining area;
  • Cosy bedroom with a built-in wardrobe and direct access to the balcony.

The unit also includes a single bathroom and a dedicated space for a washing machine.

Meanwhile, the 2-bedroom apartment boasts a corner kitchen integrated into the spacious living and dining area. Each bedroom enjoys the luxury of an en-suite bathroom and a fitted wardrobe. These apartments also offer a generously sized balcony accessible from the living area and the master bedroom.

Upon completion, the beautifully appointed apartments will be furnished with premium appliances from renowned brands such as Bosch or Alba, including a fridge, built-in cooker and oven, microwave, extractor hood, dishwasher and washing machine.

Marriott Residences by MAG Property Development

The key advantages of purchasing properties in Marriott Residences for investment are as follows:

  • During the project implementation phase, it’s possible to purchase an apartment directly from the developer at a favourable price and pay for the purchase in instalments. By the time construction is completed, the property value will increase;
  • Properties in Dubai appreciate annually. For instance, in 2023, off-plan apartments in Business Bay increased in value by 27%, while rental rates for apartments rose by 16%;
  • The convenient location in the emirate's bustling business district, coupled with the finest amenities and hotel services, renders the new residential complex attractive to potential tenants and buyers;
  • The projected return on investment for 1-bedroom apartments in the new complex is 8–9% per annum;
  • The apartments are sold with high-end finishes and furnishings, enabling investors to rent out the property immediately after the building is handed over for occupancy.

Parameters

City
Dubai
District
Address
MARRIOTT RESIDENCES - Al Asayel St - Business Bay - Dubai - UAE
Type
Development
To sea
7 km
To city center
4 km
Completion date
IV quarter 2024
ID
280397
Payment plan
30 / 70
Living space
Living space103.0 m²
  • sq. ft
Residential complex video
Payment plan
Installment plan
Stage
Payment (%)
Down Payment
On Booking Date
30%
On Handover
100% Completion
70%
Map
Airport
11.5 km
City center
2.8 km
Beach
1.6 km
Hospital
3 km
Marina
1.7 km
Mall
2.2 km
College
4 km
Museum
2 km

Residential complex guide

Sea view
Prestigious area
Transport interchange
Business Bay

Business Bay is one of the most fashionable residential and business centers in Dubai. It is located in the sparkling waters of the Dubai Canal.
Business Bay achieved the goal set by its developers to become the central business center of Dubai, much like Manhattan in New York.

Frequently asked questions

Who is the developer behind Marriott Residences?

The construction of the building is being undertaken by Fortune 5, a subsidiary of the developer MAG Property Development.

Where is Marriott Residences located?

The residential complex is situated in the prestigious business community of Dubai, Business Bay.

What unit types are available?

Off-plan properties for sale in Marriott Residences comprise 1- and 2-bedroom apartments.

When will Marriott Residences be completed?

Construction of the building is scheduled for completion in December 2024.

How can I pay for Marriott Residences?

When purchasing real estate during the foundation phase, the developer offered interest-free instalment plans, with 40% of the amount payable during the construction phase and 60% upon completion. Currently, all payment details can be obtained from the seller.

What is the price of real estate in Marriott Residences?

The starting price for a 1-bedroom apartment is AED 1.26 million (USD 342,000).

Is the property in Marriott Residences available to overseas buyers?

Since the building is being constructed in a freehold area, foreign citizens can acquire apartments under full private ownership.

Does buying property in Marriott Residences lead to residency?

If a foreigner purchases an apartment in the new development with personal funds, they are entitled to obtain a UAE investor visa for themselves and their family members.

Is Marriott Residences a good choice to live in Dubai?

The complex is situated in one of Dubai’s most popular districts, close to key infrastructure facilities and popular city attractions. Combined with exceptional service and modern amenities, this enables residents to enjoy a luxurious and convenient home in the heart of the Emirates.

What are the ups and downs of living in Business Bay?

Business Bay offers numerous advantages, including:

  • Prime location in the central part of Dubai, providing residents with easy access to major attractions and business locations in the city;
  • Developed infrastructure with numerous restaurants, bars, retail outlets, offices and hotels;
  • High investment potential. Due to its favourable location and active development, Business Bay is one of the most attractive communities in Dubai for real estate investment. Housing prices continue to rise here, promising investors high returns.

Among the downsides of the community are higher living costs, traffic congestion during peak hours and a limited number of green spaces, as the district is predominantly composed of high-rise buildings.

Contact our team

Contact our manager to get more information about this Residential Complex

Gabriella Metlak
Account Manager
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