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Sparkle Towers in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Sparkle Towers

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio3728,4401,061,667
17776658,812
213725,5243,500,000

Rents in Sparkle Towers

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
1801,457116,000
21411,773250,000
31741,379240,000

The cap rate (rental yield) of investments into Sparkle Towers project is 6.8% on average.

The price of an apartment in Sparkle Towers is 22,122 AED/sqm on average.

The long term rent of an apartment in Sparkle Towers is 1,501 AED/sqm/year on average.

Price for completed Studio apartment in Sparkle Towers is 1,061,667 AED or 28,440 AED/sqm.
Price for completed 1 bedroom apartment in Sparkle Towers is 58,812 AED or 766 AED/sqm.
Price for completed 2 bedroom apartment in Sparkle Towers is 3,500,000 AED or 25,524 AED/sqm.

Rent for 1 bedroom apartment in Sparkle Towers is 116,000 AED or 1,457 AED/sqm.
Rent for 2 bedroom apartment in Sparkle Towers is 250,000 AED or 1,773 AED/sqm.
Rent for 3 bedroom apartment in Sparkle Towers is 240,000 AED or 1,379 AED/sqm.

About Sparkle Towers

'Sparkle Towers' in 'Dubai Marina' area project description

Sparkle Towers is a luxurious residential development located in Dubai, United Arab Emirates. The project is a joint venture between Dubai-based developer, Damac Properties and Saudi-based AlJomaih Holding Group. The project is located in the heart of Dubai Marina, one of the most sought-after residential areas in the city. It consists of two towers, each with a height of over 200 meters.

The towers are designed to be modern and contemporary, with a sleek and stylish exterior. The towers feature spacious and luxurious apartments, with floor-to-ceiling windows, high-end finishes, and modern amenities. The apartments come in a variety of sizes, ranging from one-bedroom to four-bedroom units. All apartments come with balconies, providing stunning views of the city skyline.

The towers are also equipped with a range of amenities, including a swimming pool, a gym, a spa, a sauna, a steam room, and a children’s play area. There is also a retail area, with a variety of shops and restaurants. Residents can also enjoy a variety of recreational activities, such as tennis, squash, and basketball.

The towers are also equipped with a range of safety and security features, including 24-hour security, CCTV surveillance, and access control systems. The towers also have a dedicated concierge service, providing residents with assistance and information.

Sparkle Towers is a luxurious residential development that provides residents with a luxurious lifestyle in the heart of Dubai Marina. The towers feature modern and contemporary designs, spacious and luxurious apartments, and a range of amenities and recreational activities. The towers also provide residents with a range of safety and security features, ensuring that they can enjoy a safe and secure living environment.

Q&A on Sparkle Towers

What are the advantages of 'Sparkle Towers' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Sparkle Towers is located in the heart of Dubai, providing easy access to the city’s major attractions and amenities.

2. Luxury Amenities: The project offers a range of luxurious amenities such as a rooftop pool, a fully equipped gym, and a spa.

3. High-Quality Construction: The project is built with the highest quality materials and construction standards.

4. Affordable Prices: Sparkle Towers offers competitively priced units, making it an attractive option for real estate buyers.

5. Flexible Payment Plans: The project offers flexible payment plans, making it easier for buyers to purchase their units.

6. High Resale Value: The project is expected to have a high resale value, making it a great investment for buyers.

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

- Marina Gate: Combines exceptional design and high-end amenities including temperature-controlled swimming pools, state-of-the-art fitness facilities, and direct access to Marina Walk. Its modern architecture and iconic location make it a standout.

- Cayan Tower: Known for its unique twisted architecture, Cayan Tower offers spectacular panoramic views of the Dubai Marina. It features premium finishes, a large infinity pool, and is close to Marina Walk.

- The Address Dubai Marina: A luxury residential and hotel project providing exceptional service, high-end finishes, direct access to Dubai Marina Mall, and panoramic marina views. It boasts a spa, multiple dining options, and a stunning infinity pool.

- Silverene Towers: Highly appreciated for its quality finishes and prime location adjacent to the Dubai Marina Mall. It offers top-notch facilities, including swimming pools, a gym, and a spacious sun deck.

- Le Reve: An ultra-luxurious project offering some of the most spacious apartments in Dubai Marina. Known for its high security, privacy, and premium amenities including a private valet service, concierge, and seamlessly integrated smart home systems.

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

- Marina Gate: Offers luxury living standards, top-notch amenities such as an infinity pool, gym, and direct Marina walk access, known for high-quality finishes and spacious layouts.
- Silverene Towers: Provides a mix of residential and retail space, proximity to Marina Mall, sleek modern design, and excellent water views.
- Cayan Tower: Recognized for its iconic twisted architecture, premium facilities including a state-of-the-art gym, spa, and amazing views of the Marina and the Gulf.
- Jumeirah Living Marina Gate: Managed by Jumeirah Group, it combines world-class hospitality services with residential living, offering concierge services, high-end interiors, and access to the Marina promenade.
- Le Rêve: Ultra-luxury tower catering to the elite, with large apartment sizes, exceptional privacy, bespoke services, and panoramic views.

These projects are noted for superior amenities, unique architectural designs, and often more exclusive facilities compared to Sparkle Towers.




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