Investors converge as rents in Dubai Marina depict increasing trajectory: Bayut
Dubai Marina has emerged as the most popular residential destination across Dubai. Not only does the locality feature world’s first man-made marina, but the high rise residential towers have earned it the title of highest residential block of the world.
The booming popularity of Dubai has seen a lot of new international investors joining the property market and Bayut.com records their convergence on the residential options at Dubai Marina. Keeping in view the rental escalation of the residential apartments of Dubai Marina an increasing number of people are seen to be investing there.
Thanks to the increasing demand, a lot of halted projects are also gathering enough funds to resume the construction phase. The Pentominium, at Dubai Marina is a fitting example in this regard. According to the statistical data of Bayut.com, it was observed that in contrast to the rents of studio apartments in Dubai Marina, the one bedroom apartments fared reasonably well.
The rental escalations of two bedroom apartments, apart from minor bumps, performed better than the studio and one bedroom apartments combined. The rents of two bedroom apartments, which started from an average value of Dh138,960 in January 2013, successfully managed to land at Dh168,428 in December 2013.
The three bedroom apartments performed adequately well. June saw an encouraging spike in the rents when the locality was crowded owing to the summer holidays. The rents started their journey with Dh208,753 in January 2013 and by December 2013 the rents had safely escalated to Dh237,130.
Such was the boom which bought investors to the residential units of Dubai Marina. The lifestyle on those high rise towers and the access to Dubai Mall is exactly what is desired at large in Dubai. The expats in Dubai are looking for luxurious dwellings and those who have been wise enough to invest in the emirate’s real estate at the right time are reaping heavy profits. The real boom is still yet to come. Some experts claim that by 2020 the current prices might triple. Considering the potential of Dubai, investing in its property market would always be a life changing decision for all.
Aqsa Shabbir is marketing analyst at Bayut.com.
Dubai Marina has emerged as the most popular residential destination across Dubai. Not only does the locality feature world’s first man-made marina, but the high rise residential towers have earned it the title of highest residential block of the world. The booming popularity of Dubai has seen a lot of new international investors joining the property market and Bayut.com records their convergence on the residential options at Dubai Marina. Keeping in view the rental escalation of the residential apartments of Dubai Marina an increasing number of people are seen to be investing there. Thanks to the increasing demand, a lot...
Dubai Marina has emerged as the most popular residential destination across Dubai. Not only does the locality feature world’s first man-made marina, but the high rise residential towers have earned it the title of highest residential block of the world.
The booming popularity of Dubai has seen a lot of new international investors joining the property market and Bayut.com records their convergence on the residential options at Dubai Marina. Keeping in view the rental escalation of the residential apartments of Dubai Marina an increasing number of people are seen to be investing there.
Thanks to the increasing demand, a lot of halted projects are also gathering enough funds to resume the construction phase. The Pentominium, at Dubai Marina is a fitting example in this regard. According to the statistical data of Bayut.com, it was observed that in contrast to the rents of studio apartments in Dubai Marina, the one bedroom apartments fared reasonably well.
The rental escalations of two bedroom apartments, apart from minor bumps, performed better than the studio and one bedroom apartments combined. The rents of two bedroom apartments, which started from an average value of Dh138,960 in January 2013, successfully managed to land at Dh168,428 in December 2013.
The three bedroom apartments performed adequately well. June saw an encouraging spike in the rents when the locality was crowded owing to the summer holidays. The rents started their journey with Dh208,753 in January 2013 and by December 2013 the rents had safely escalated to Dh237,130.
Such was the boom which bought investors to the residential units of Dubai Marina. The lifestyle on those high rise towers and the access to Dubai Mall is exactly what is desired at large in Dubai. The expats in Dubai are looking for luxurious dwellings and those who have been wise enough to invest in the emirate’s real estate at the right time are reaping heavy profits. The real boom is still yet to come. Some experts claim that by 2020 the current prices might triple. Considering the potential of Dubai, investing in its property market would always be a life changing decision for all.
Aqsa Shabbir is marketing analyst at Bayut.com.
