Marina Terrace in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Marina Terrace

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	93	18,093	1,675,000
2	170	16,705	2,840,000

The price of an apartment in Marina Terrace is 17,429 AED/sqm on average.

Price for completed 1 bedroom apartment in Marina Terrace is 1,675,000 AED or 18,093 AED/sqm.
Price for completed 2 bedroom apartment in Marina Terrace is 2,840,000 AED or 16,705 AED/sqm.

About Marina Terrace

'Marina Terrace' in 'Dubai Marina' area project description

Marina Terrace is a residential skyscraper located in the vibrant Dubai Marina area, one of Dubai’s most prestigious waterfront developments. Completed in 2006 by DAMAC Properties, Marina Terrace stands at 183 meters (600 feet) tall and comprises 38 floors of luxurious residential apartments. This sophisticated development has become a prominent feature on the Dubai Marina skyline, recognized for its contemporary design and exceptional amenities.

The building houses a mix of one, two, and three-bedroom apartments along with exquisite penthouses that offer panoramic views of the marina and the Arabian Gulf. Each unit is thoughtfully designed to optimize space and provide a comfortable living environment. High-quality finishes, spacious balconies, and floor-to-ceiling windows create an airy, light-filled atmosphere, enhancing the overall elegance of each residence. The layout of the apartments is geared towards providing both comfort and functionality, making it an ideal choice for individuals, couples, and families.

Amenities at Marina Terrace are plentiful and cater to varied lifestyle needs. Residents have access to a temperature-controlled swimming pool, a fully equipped gymnasium, and a state-of-the-art health club. For leisure and relaxation, the development features a beautifully landscaped terrace with a BBQ area and a tennis court. There’s also a spa, complete with saunas and jacuzzis, ensuring residents can unwind in style after a long day. The building also boasts 24-hour security and concierge services, adding to the safety and convenience of living in this prestigious location.

The ground level of Marina Terrace includes a selection of retail outlets, dining options, and cafes, making daily chores and leisure activities just a few steps away. The development is also well-connected, with easy access to the Sheikh Zayed Road and public transportation options like the Dubai Marina Metro Station and the Dubai Tram, ensuring seamless connectivity to the rest of the city.

Dubai Marina is known for its bustling waterfront ambiance, featuring a vibrant community of international residents. The Marina Walk, located just outside Marina Terrace, offers an extensive selection of restaurants, boutiques, and recreational options, from yacht clubs to wellness centers. This dynamic atmosphere makes Marina Terrace a sought-after address for those seeking an upscale, cosmopolitan lifestyle.

In summary, Marina Terrace offers a perfect blend of luxury, convenience, and modern living in one of Dubai’s most desirable neighborhoods. With its impressive architectural design, premium amenities, and prime location within Dubai Marina, it continues to attract discerning residents and investors alike.

Q&A on Marina Terrace

What are the advantages of 'Marina Terrace' project in Dubai for property buyers? What are the disadvantages?

### Advantages of 'Marina Terrace' Project in Dubai Marina:

1. Prime Location: Situated in the heart of Dubai Marina, providing easy access to retail outlets, dining options, and entertainment venues.
2. Waterfront Views: Offers stunning views of the marina, making it highly attractive for buyers looking for scenic vistas.
3. Luxurious Amenities: Features high-end amenities such as a swimming pool, gym, tennis courts, and dedicated barbecue areas, enhancing lifestyle quality.
4. Investment Potential: High demand for properties in Dubai Marina can lead to strong rental yields and capital appreciation.
5. Transport Links: Proximity to public transport options, including the Dubai Metro and tram, facilitating easy commuting.
6. Developer Reputation: Developed by a reputable company, ensuring quality construction and timely completion.
7. Community Feel: Integrated community living with access to marina walkways, parks, and communal spaces.
8. Security: 24/7 security and concierge services ensure a safe and comfortable living environment.
9. Luxury Interiors: Well-designed interiors with high-quality finishes and modern fixtures.

### Disadvantages of 'Marina Terrace' Project in Dubai Marina:

1. High Cost: Premium pricing due to the prime location and luxurious amenities might be a barrier for budget-conscious buyers.
2. Maintenance Fees: Higher maintenance fees compared to other areas due to the upscale nature of the development.
3. Traffic Congestion: The area can experience significant traffic congestion, especially during peak hours.
4. Noise Levels: Increased noise levels from nearby construction projects and marina activities.
5. Limited Privacy: Being a high-density area, there might be limited privacy compared to more suburban locations.
6. Humidity and Salinity: Proximity to the water can lead to higher humidity levels and potential wear and tear from salinity.
7. Transient Population: High turnover of residents due to many expatriates and short-term tenants might affect community stability.
8. Parking Issues: Limited parking spaces for visitors, which can be inconvenient for residents hosting guests.
9. Rental Competition: High competition in the rental market could affect rental income stability for investors.

These points provide a balanced view of what potential property buyers might consider when evaluating the 'Marina Terrace' project in Dubai Marina.

What projects are better than 'Marina Terrace' project in Dubai which are located close by, and why?

1. Le Rêve: Known for its luxurious penthouses and residences, Le Rêve offers stunning finishes, spacious layouts, and high-end amenities, including a private valet and concierge services. It's often regarded as one of the most prestigious buildings in Dubai Marina.

2. Cayan Tower: Famous for its iconic twisting design, Cayan Tower provides unique architectural aesthetics alongside high-end living standards. The amenities include an outdoor infinity pool, a state-of-the-art gymnasium, and a children’s play area.

3. Grosvenor House: These twin towers are attached to the Grosvenor House Hotel, providing access to world-class dining, spa services, and business facilities while offering residential units with premium finishes and stunning views of the marina and Arabian Gulf.

4. Address Dubai Marina: Positioned directly in Dubai Marina Mall, Address Dubai Marina provides unmatched convenience with immediate access to shopping, dining, and recreational facilities. It also features high-quality apartments with hotel-like services and amenities.

5. Dubai Marina Towers (Emaar 6 Towers): Developed by Emaar, these towers offer a blend of luxury living with a strong sense of community. They are renowned for their architectural design, high-quality finishes, and comprehensive amenities, including pools, gyms, and private marina berths.

6. Marina Gate: A newer development, Marina Gate combines modern design with functionality and is known for its spacious apartments, cutting-edge amenities, and proximity to Marina Walk, providing easy access to cafes, restaurants, and shops.

7. Silverene Towers: These twin towers are known for their sleek design and high-quality interiors. Residents benefit from a prime location near Marina Mall and direct access to the marina promenade, boasting excellent facilities like swimming pools, a gym, and landscaped gardens.

These projects are identified as superior to Marina Terrace due to their advanced architectural designs, broader range of high-quality amenities, better location perks, and typically more luxurious offerings overall.

What are the closest schools to 'Marina Terrace' project in Dubai?

The closest schools to Marina Terrace in Dubai Marina area include:

- Dubai British School Jumeirah Park: Located in Jumeirah Park, approximately a 10-minute drive from Dubai Marina.
- The American School of Dubai: Situated in Al Barsha, roughly a 15-minute drive from Dubai Marina.
- GEMS Wellington International School: Also located in Al Barsha, around a 15-minute drive from the Marina.
- Regent International School: Located in The Greens, about a 10-minute drive from Dubai Marina.
- Dubai International Academy: Located in Emirates Hills, around a 12-minute drive from Dubai Marina.

These are some of the noteworthy schools nearby, providing various curricula and educational opportunities within a reasonable driving distance.

What are the closest medical clinics to 'Marina Terrace' project in Dubai?

- Marina Medical Center: Located at Marina Plaza, Dubai Marina.
- Medcare Medical Center: Situated in Marina Plaza, Dubai Marina.
- Emirates Hospital Clinic: Located in The Beach Mall, Jumeirah Beach Residence (JBR).
- Al Zahra Medical Centre: Found at Ibn Battuta Gate, Jebel Ali Village.