Exploring Apartments in Dubai Marina Under AED 2M

Quick answer: Discover the best Dubai Marina apartments under AED 2M, ideal for investors and residents seeking value and luxury near the water.

Dubai Marina is renowned for its stunning skyline, vibrant lifestyle, and waterfront luxury. If you’re looking for an apartment in this stunning area under AED 2 million, you’re in luck!

Pro tip: Focus on ready-to-move and off-plan developments to maximize selection and value.

What’s Available for AED 2M?

In the AED 2M range, options vary widely depending on factors like size, building amenities, and views. You can find:

• 1-bedroom apartments starting around AED 1.5M
• 2-bedroom units typically priced between AED 1.8M - AED 2M
• Occasional listings for 3-bedroom apartments under AED 2M if you’re willing to look at lower floor levels or older developments.

Watch out: Service charges can add significantly to yearly expenses, so always factor in those costs.

Understanding the Market: Average Prices and Trends

Over the last year, Dubai Marina has seen a price appreciation of about 5-7%. The demand for properties in this area remains strong, as more investors are drawn to its beachfront lifestyle and proximity to major attractions.

Quick math: If you're investing AED 1.8M, expect to pay 4% DLD fee, totaling AED 72K in taxes.

Rental Yields in Dubai Marina: Key Metrics

Investing in properties here can yield impressive returns. The rental yield generally hovers around 6-8% for apartments.

Example Calculations:

Consider a 1-bedroom apartment priced at AED 1.5M, generating a monthly rent of AED 9K. That’s a yearly income of AED 108K. To find your yield:

Yield = (Annual Rent / Property Price) x 100 = (108K / 1,500K) x 100 = 7.2%

Understanding Fees and Legal Considerations

When buying an apartment, be prepared for various fees. Besides the DLD fee, there are additional costs such as:

• Oqood registration
• Mortgage processing fees (if applicable)
• Snagging inspection costs before handover

Choosing the Right Developer for Trustworthy Transactions

It’s crucial to select a reputable developer when investing your hard-earned money. Look for those with a proven record in timely delivery and quality finishes. Research recent projects they have completed and don’t hesitate to ask for references.

By the Numbers

• Average 1-bedroom price: AED 1.5M
• Average 2-bedroom price: AED 1.9M
• Price growth over the last year: 5-7%
• Rental yields: 6-8%
• DLD fee: 4%
• Average service charge: AED 15-20/SQFT

FAQs

Can I find a studio apartment in Dubai Marina under AED 1M?

Yes, while options are limited, you can sometimes find smaller studio apartments under AED 1M.

What should I be aware of when buying in Dubai Marina?

Service charges, DLD fees, and the reputation of your chosen developer are crucial factors.

Are there off-plan options available?

Yes, several developers are currently offering attractive off-plan projects in Dubai Marina.

What are the typical service charges?

Expect to pay between AED 15 to AED 20 per square foot annually.

How long does handover take after purchase?

Handover usually occurs within 6 months to a year after purchasing an off-plan property.

Related reading

• What’s Better for You: Dubai Off-Plan or Completed Homes?
• Off-Plan vs. Ready Properties: Which is Best for Dubai Investors?
• Which Dubai Marina Units Can You Buy for Under AED 2M?
• How Off-Plan Developments in Al Mina Dubai Are Worth Your Investment?

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