Al Fattan Marine Towers in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Al Fattan Marine Towers

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	154	22,091	3,400,000
3	190	22,073	4,200,000

Rents in Al Fattan Marine Towers

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
3	166	2,892	480,000

The cap rate (rental yield) of investments into Al Fattan Marine Towers project is 13.1% on average.

The price of an apartment in Al Fattan Marine Towers is 22,081 AED/sqm on average.

The long term rent of an apartment in Al Fattan Marine Towers is 2,892 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Al Fattan Marine Towers is 3,400,000 AED or 22,091 AED/sqm.
Price for completed 3 bedroom apartment in Al Fattan Marine Towers is 4,200,000 AED or 22,073 AED/sqm.

Rent for 3 bedroom apartment in Al Fattan Marine Towers is 480,000 AED or 2,892 AED/sqm.

About Al Fattan Marine Towers

'Al Fattan Marine Towers' in 'Dubai Marina' area project description

Al Fattan Marine Towers is a twin-tower complex in Dubai Marina, comprising two 50- to 53-storey buildings known as Al Fattan Tower and Oasis Beach Tower, standing at 245 meters tall with a roof height of 230 meters. Developed by Al Fattan Properties LLC, established in 1974, construction started in 2003 and completed in 2006, marking it as the first development in the Jumeirah Beach Residence (JBR) zone.

The architecture, designed by Norr Consultants, features sleek residential skyscrapers with panoramic elevators, offering stunning ocean views over the Jumeirah Beach strip. The layout includes 229 luxurious apartments across the towers: 172 three-bedroom units averaging 2,800 sq ft, 53 two-bedroom units averaging 2,200 sq ft, plus three- and four-bedroom duplex penthouses and a spacious penthouse. A 12- to 13-storey adjacent office and retail building provides fitted and shell-and-core office spaces, ground-floor retail, and commercial outlets, including exclusive shops and food and beverage venues. The site spans 94,000 sq ft with a built-up area of 1,883,000 sq ft, supported by 30 surface and 700 basement parking spaces.

Residents enjoy state-of-the-art amenities such as recreational facilities, creating an exclusive living experience in a waterfront setting. The complex integrates serviced apartments, residential units sold to individual investors and homeowners, and hotel-style luxury.

Strategically located within JBR alongside Dubai Marina, the towers overlook the 3.5 km marina canal with sea access at both ends. To reach the beach, residents walk minutes to JBR Beach via The Walk promenade, just 1 minute away by car, or access the sandy shoreline directly from the development's beachfront proximity. The area connects seamlessly to Dubai's urban network, with Palm Jumeirah 15 minutes away by drive, Dubai Mall 23 minutes, Burj Al Arab 20 minutes, Dubai International Airport 31 minutes, and Al Maktoum International Airport 34 minutes.

Nearby projects enhance the vibrant neighborhood: The Walk at JBR for dining and entertainment, multiple luxury skyscrapers in Dubai Marina, and Emaar's master-planned 40-tower JBR development with 7,000 units. An annexed shopping center adds retail convenience, while the developer's Oasis Beach Hotel and Al Fattan Plaza stand as landmarks. In 2012, Al Fattan began two high-rise towers on the adjacent beachfront site, previously home to the demolished Oasis Hotel.

This Riviera-style enclave offers urban waterfront living amid yachts, harbors, and skyscrapers, positioning Al Fattan Marine Towers as JBR's tallest buildings.

Q&A on Al Fattan Marine Towers

What are the advantages of 'Al Fattan Marine Towers' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Al Fattan Marine Towers are situated in Dubai Marina, one of the city's most sought-after waterfront destinations, offering panoramic views of the Arabian Gulf and easy access to the Marina Walk.

2. Luxurious Lifestyle: The project features high-end amenities, including a swimming pool, fitness center, and spa, catering to the luxury lifestyle aspirations of residents.

3. Proximity to Key Attractions: Close to major attractions like The Beach at JBR, Dubai Marina Mall, and numerous fine dining and entertainment options, enhancing the urban living experience.

4. High Rental Yield: Dubai Marina is known for its strong rental market, offering potential for high rental yields for property investors.

5. Spacious Units: The apartments are generally larger than average, offering more living space, which can be a significant advantage for families or those who appreciate spacious living areas.

6. Reputable Developer: Al Fattan Marine Towers are developed by Al Fattan Properties, known for their quality construction and timely delivery.

7. Transportation Links: Excellent connectivity with easy access to Sheikh Zayed Road, public transportation options including the Dubai Metro and tram, making it convenient for daily commuting.

Disadvantages:

1. Price Point: Properties in Al Fattan Marine Towers tend to be on the higher end of the price spectrum, which might not be suitable for budget-conscious buyers.

2. High Service Charges: The luxurious amenities come with higher maintenance fees, which can add to the overall cost of ownership.

3. Traffic Congestion: Being in a popular area like Dubai Marina, traffic congestion can be an issue, particularly during peak hours or weekends.

4. Limited Privacy: The high-density living environment means less privacy compared to more secluded residential communities.

5. Noise Levels: Proximity to entertainment venues and busy roads can lead to higher noise levels, which might be a concern for some residents.

6. Potential for Rapid Development: The continuous development in Dubai Marina could lead to construction noise and temporary inconveniences, impacting the living environment periodically.

7. Market Volatility: The Dubai real estate market can be volatile, and property prices can fluctuate, influencing the return on investment.

What are the advantages of 'Al Fattan Marine Towers' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location:
Situated in Dubai Marina, one of the most sought-after waterfront communities with close proximity to major attractions and essential services.

2. Stunning Views:
Offers breathtaking views of the Arabian Gulf, Marina, and the skyline, which can significantly enhance the living experience and property value.

3. Amenities:
Packed with luxurious amenities such as a state-of-the-art gym, swimming pools, sauna, and steam rooms, ensuring a high-quality and comfortable lifestyle.

4. Accessibility:
Excellent connectivity to Sheikh Zayed Road, facilitating easy commutes to business hubs like Downtown Dubai, DIFC, and Jebel Ali.

5. High Rental Yields:
Typically, properties in Dubai Marina attract high rental demand, ensuring substantial rental returns for property investors.

6. Retail and Dining:
The project is surrounded by an array of retail shops, restaurants, cafes, and entertainment options, enhancing convenience and lifestyle for the residents.

7. High-Quality Finishes:
The apartments are known for their luxurious and high-quality finishes, providing a premium living environment.

8. Established Community:
Dubai Marina is a well-established and vibrant community, offering a range of leisure and social activities.

Disadvantages:

1. Traffic Congestion:
The area can experience significant traffic congestion, especially during peak hours and weekends, leading to potential delays.

2. Noise Levels:
Being a bustling area, there can be elevated noise levels from nearby activities, events, and nightlife.

3. High Maintenance Fees:
Luxurious amenities and prime location often come with high service and maintenance fees that could impact overall investment returns.

4. Higher Initial Investment:
Properties in such a prime location can be expensive, requiring a larger initial capital outlay compared to other areas in Dubai.

5. Density:
Dubai Marina is known for its high density, which might not appeal to those looking for a more secluded or less crowded living environment.

6. Parking Issues:
While there are parking facilities, the high density of the area can occasionally lead to parking difficulties for guests and sometimes even residents.

7. Market Fluctuations:
Being part of a high-demand area, it is subject to market fluctuations, which can impact property values and rental yields.

8. Potential for Overdevelopment:
Continued development in and around Dubai Marina might affect views, privacy, and could lead to increased competition among property owners.