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.