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1 Bed in Marina Gate, Dubai Marina

1 bed

1 bath

763 sq.ft

Dubai Marina

Dubai, United Arab Emirates

A mature real estate market with a high return on investment

Rented

Currently occupied and professionally managed by our team

Current rent is AED 10,833 per month

Distributed monthly among all investors after standard charges and fees

6.77% annual gross yield

With a net yield of 5.5% and a price per square foot of AED 1,983

All information on this page is from the date that the property closed funding.

Investment calculator

Property Overview

Stake is offering an exclusive opportunity to invest in a 1-bedroom apartment in Marina Gate 2, Dubai Marina.

Dubai Marina is a bustling hub of activity and a popular destination for locals and tourists alike. The Marina boasts a stunning array of skyscrapers and top-notch dining and entertainment options. The towers are set around a water canal with luxury yachts berthed there, creating a picturesque setting for dwellers to enjoy.

Marina Gate 2, one of three towers in Marina Gate, was completed in 2019 by the renowned developer Select Group. The residences at Marina Gate consists of three high-end luxury residential towers standing above a cluster of podium loft units. They are connected by walkways with retail and beautiful recreational amenities.

Financials

Rental income (Year 1)

Annual gross rent

9.35%

Service charges

08 October 2023

Mgmt. and maintenance

AED 740,000

Investment cost

AED 740,000

Property cost

Property price

AED 1,921,025

Transaction costs

08 October 2023

Stake fee

AED 740,000

Annual net income

AED 740,000

This is an estimate for the 1st year of ownership

Funding timeline

Each step may occur earlier than the dates below

15/10/2023
SPV formation and title deed distribution
05/10/2023
Expected first rental payment
30/10/2023
Closing date

Location

The Greens and Views, Dubai, United Arab Emirates

Securing a position in the centre of the city, The Greens and Views are part of the green communities that make up Emaar’s Emirates Living Project. The area benefits from a well-established neighbourhood in a prime location, set among lush greenery. You’ll find popular public transport routes just a short walk away, and a wholesome communal environment offering a range of lifestyle amenities and a complete shopping centre within.

Amenities

Gym

Pool

Documents

Have more questions about this property?

Contact our real estate experts

Property price

AED 1,921,025

78

689 investor

07 Oct 2023

Annualised return

9.35%

Funded date

08 October 2023

Current valuation

AED 740,000

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