Terraces Marasi Drive in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Rents in Terraces Marasi Drive

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	122	1,261	153,866
2	199	1,256	250,000

The cap rate (rental yield) of investments into Terraces Marasi Drive project is 5.8% on average.

The price of an apartment in Terraces Marasi Drive is 22,250 AED/sqm on average.

The long term rent of an apartment in Terraces Marasi Drive is 1,259 AED/sqm/year on average.

Rent for 1 bedroom apartment in Terraces Marasi Drive is 153,866 AED or 1,261 AED/sqm.
Rent for 2 bedroom apartment in Terraces Marasi Drive is 250,000 AED or 1,256 AED/sqm.

About Terraces Marasi Drive

'Terraces Marasi Drive' in 'Business Bay' area project description

Terraces Marasi Drive is a high-profile, contemporary residential project positioned in the vibrant Business Bay area of Dubai. This development is emblematic of modern urban living, blending luxury with functionality to cater to the city's dynamic population of professionals, families, and global citizens. It stands as a testament to Dubai's ever-expanding skyline, reflecting the city's ambitions and its forward-thinking approach to architecture and urban planning.

This project is strategically situated along the Dubai Canal, offering residents panoramic views of the waterway and the iconic Dubai skyline. The location is convenient for those who work in and around Business Bay, DIFC, and Downtown Dubai, providing easy access to major business hubs and leisure destinations, including The Dubai Mall and Burj Khalifa.

Terraces Marasi Drive comprises a series of high-rise buildings that feature a mix of studio, one, two, and three-bedroom apartments. These residences are designed with a keen eye for detail, boasting high-end finishes, modern fixtures, and expansive layouts that maximize natural light and ventilation. The architecture of the buildings is sleek and modern, characterized by clean lines and extensive use of glass to capitalize on the views.

A standout feature of this project is the titular terraces, which are designed to offer ample outdoor living space. These terraces are not merely balconies but are generously sized extensions of the living areas, providing a private retreat where residents can relax, entertain, and enjoy the scenic surroundings. The design ethos emphasizes outdoor living, which is a significant attraction given Dubai's climate and lifestyle.

The amenities at Terraces Marasi Drive are extensive and geared towards fostering a sense of community and enhancing residents' quality of life. These include a state-of-the-art gymnasium, swimming pools, landscaped gardens, children's play areas, and dedicated BBQ zones. The development also features a multi-purpose hall, ideal for social gatherings and events.

Security and convenience are paramount, with 24-hour security, concierge services, and ample parking spaces included. Additionally, the ground floor of the buildings incorporates retail spaces, cafes, and eateries, creating a vibrant community hub that meets residents' daily needs without them needing to leave the premises.

Sustainability has also been integrated into the project, with energy-efficient systems and environmentally friendly materials used throughout. This not only reduces the carbon footprint but also lowers utility costs for residents, adding an element of financial sustainability to their investment.

Terraces Marasi Drive is more than just a residential address; it is an integrated lifestyle destination that promises a balanced, sophisticated, and comfortable urban living experience in one of Dubai’s most dynamic districts.

Q&A on Terraces Marasi Drive

What are the advantages of 'Terraces Marasi Drive' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Terraces Marasi Drive is situated in Business Bay, one of Dubai's most vibrant business districts, offering close proximity to Downtown Dubai and iconic landmarks like the Burj Khalifa and Dubai Mall.

2. Luxurious Amenities: The project features high-end amenities such as swimming pools, fitness centers, landscaped gardens, and a waterfront boardwalk, enhancing the quality of life for residents.

3. Scenic Views: Properties in Terraces Marasi Drive offer stunning views of the Dubai Canal, adding to the aesthetic appeal and potentially boosting property value over time.

4. Investment Potential: Business Bay is a rapidly growing area, making properties here a sound investment due to the potential for high rental yields and capital appreciation.

5. Connectivity: The development benefits from excellent connectivity via Sheikh Zayed Road and public transport links, making commuting convenient for residents.

6. Retail and Dining Options: The immediate vicinity hosts an array of retail outlets, cafes, and fine dining restaurants, offering a vibrant lifestyle.

Disadvantages:

1. High Price Point: Properties in Terraces Marasi Drive come at a premium price, which might be a barrier for first-time buyers or those with a limited budget.

2. Traffic Congestion: Business Bay is a bustling area that can experience significant traffic congestion during peak hours, potentially impacting daily commutes.

3. Construction Noise: As Business Bay continues to develop, ongoing construction in the vicinity might result in noise and disruption.

4. Limited Privacy: Being located in a high-density commercial area might mean less privacy and more hustle and bustle compared to more secluded residential communities.

5. Potential for Overdevelopment: There is a risk that excessive development in Business Bay could lead to an oversupply of properties, which might impact long-term property values.

6. Service Fees: The luxurious amenities and high-end facilities typically come with substantial service charges, which could increase the overall cost of ownership.

What projects are better than 'Terraces Marasi Drive' project in Dubai which are located close by, and why?

1. SLS Dubai Hotel & Residences:

- Luxury & Amenities: Offers a blend of hotel and residential living with high-end amenities like infinity pools, world-class restaurants, and a sky lobby with panoramic views of Downtown Dubai.
- Design: Features innovative, contemporary design and spacious living areas, providing a luxurious lifestyle.

2. The Opus by Zaha Hadid:

- Architectural Significance: Designed by the renowned architect Zaha Hadid, it stands out for its unique, futuristic design.
- Mixed-Use Space: Comprising hotels, residences, and office spaces, it offers a dynamic environment within the heart of Business Bay.
- Innovation and Luxury: Combines luxury with innovative design, catering to those appreciating cutting-edge architecture.

3. The Distinction by Damac:

- High-End Finishes: Interiors feature high-quality finishes and state-of-the-art appliances, making it an attractive option for luxury living.
- Amenities: Offers an extensive range of amenities, including a health club, spa, and dedicated concierge services.

4. Paramount Towers by Damac:

- Hollywood Glamour: Provides a unique thematic living experience inspired by Hollywood, offering residents a glamorous lifestyle.
- Facilities: Features themed entertainment zones, swimming pools, and state-of-the-art fitness centers.

5. Empire Heights:

- Corporate Edge: Ideal for business professionals, offering strategic office and retail spaces along with residential units.
- Convenience: Close proximity to key areas in Business Bay and Downtown Dubai, enhancing convenience for residents.

6. The Atria by Deyaar:

- Modern Living: Provides well-designed apartments with excellent city views.
- Smart Design: Offers smart home technology and high-end finishes, combining luxury with modern living conveniences.

These projects offer superior architectural design, luxury amenities, strategic locations, and innovative concepts, making them notable alternatives to consider in Business Bay.

What are the closest schools to 'Terraces Marasi Drive' project in Dubai?

- Jumeirah English Speaking School (JESS): Located in Arabian Ranches, a well-established institution known for its high educational standards catering to both primary and secondary education.
- GEMS Wellington Primary School: Found in Al Satwa, this school offers a strong British curriculum from foundation to primary levels.
- Dubai International School: Situated in Al Quoz, it provides American curriculum education and is a reputable choice for both primary and secondary education.
- Clarion School: Located in Al Quoz as well, this school offers an American curriculum and emphasizes innovative teaching methods.
- Hartland International School: Situated in Nad Al Sheba, it delivers a British curriculum and focuses on holistic education for students from primary to secondary levels.

These schools are all within a reasonable driving distance from the Business Bay area, offering a variety of curriculums and educational approaches to cater to different needs and preferences.

What are the closest medical clinics to 'Terraces Marasi Drive' project in Dubai?

- Emirates Hospital Clinic Business Bay: Located in Bay Avenue, Executive Towers, Business Bay
- Aster Clinic Business Bay: Situated in Ubora Towers, Business Bay
- Dr. Batra's Clinic Business Bay: Found in Aspect Tower, Business Bay
- Medicare Polyclinic: Located in Vision Tower, Business Bay
- Mediclinic Dubai Mall: Situated in Dubai Mall, Downtown Dubai