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5242 Towers Dubai Marina

5242 Towers Dubai Marina

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Dubai Marina, Dubai

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Strengths

Prime Location

Modern Design

Robust Amenities

Weakens

High Maintenance Fees

Limited Parking Space

Noise Levels

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Buildign Overview

Summary

  • 5242 Towers is a prestigious residential development located in the vibrant Dubai Marina area.
  • Surrounded by a plethora of amenities including restaurants, cafes, shopping centers, and proximity to the beach.
  • Well-connected by public transport, with easy access to the Dubai Metro and various bus services.
  • The building stands out for its stunning views of the marina and the Arabian Gulf, making it a prime location for luxury living.

Properties Overview

  • The development features a range of units, from stylish studios to spacious three-bedroom apartments.
  • Currently, rental prices range from AED 80,000 to AED 180,000 annually, depending on the unit size and view.
  • For buyers, properties in 5242 Towers typically range from AED 1.2 million for smaller units to over AED 3 million for larger, premium options.
  • Known for its modern architecture and high-end interiors, these properties attract both local and international investors.

Market Trends

  • The Dubai Marina real estate market has shown a growing trend, with property values increasing by approximately 5% in the past year.
  • Rental yields in Dubai Marina are among the highest in the UAE, with average returns of around 6-7%.
  • Future expectations suggest continued growth due to improved infrastructure and the region's status as a tourist hub.
  • Buyers are particularly drawn to the amenities and lifestyle offered in areas like 5242 Towers.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, including Carrefour and Spinneys, along with several schools and nurseries.
  • Healthcare facilities are conveniently located, with Tops Medical Centre and Emirates Hospital within a short distance.

Transportation and Accessibility

  • The building offers easy access to Sheikh Zayed Road and is just a short walk to the Dubai Marina Metro station.
  • Ample parking spaces are available for residents and visitors, enhancing the overall accessibility of the site.

Lifestyle Amenities

  • 5242 Towers boasts a variety of lifestyle amenities, including a state-of-the-art gym, two swimming pools, and direct beach access.
  • A selection of high-end dining options and entertainment venues are located nearby, catering to diverse preferences.

Builing Facilities

  • Modern facilities such as high-speed elevators, 24-hour security services, and well-maintained common areas ensure a safe and comfortable living environment.

Special Services

  • The building provides exceptional services, including concierge assistance, on-site maintenance, and leisure lounges for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • Units come in various layouts, from compact studios (around 450 sq. ft.) to expansive three-bedroom apartments (over 1,800 sq. ft.), catering to different lifestyles and needs.

Things to Consider

  • Potential tenants and buyers should evaluate financial commitments, nearby amenities, and unit specifications before making a decision.
  • Assess the property’s long-term value and alignment with lifestyle preferences.

Useful FAQs and Support

Events and Building Life

Building Events

  • The community frequently hosts social gatherings and events such as fitness classes, movie nights, and holiday celebrations to foster a sense of community among residents.

Community Identity

  • 5242 Towers is renowned for its contemporary architecture and luxury lifestyle offerings, representing a modern landmark within Dubai Marina.
  • The building is designed to promote an active and vibrant community lifestyle, appealing to both families and young professionals.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a range of amenities suitable for families, including parks, children’s play areas, and family-friendly dining options. However, it may not be as kid-centric as some other areas.

Moderately Welcoming

2. Living Options

5242 Towers provides a variety of living options, including studios, and multi-bedroom apartments, catering to both singles and families, making it attractive to different demographics.

Diverse Choices

3. Safety And Security

The community is well-policed with gated access, CCTV surveillance, and regular security patrols, ensuring a strong sense of safety for all residents.

Highly Secure

4. Transportation

Located in Dubai Marina, 5242 Towers has excellent access to public transport, including the metro and buses, as well as proximity to main roads, making commuting relatively easy.

Conveniently Accessible

5. Amenities And Facilities

The towers boast a wide range of modern amenities, including a gym, pool, spa, and rooftop lounges, providing residents with a luxurious lifestyle.

Richly Equipped

6. Cost Of Living

While the area offers high-quality living, the cost of apartments and day-to-day expenses can be considerably higher compared to other neighborhoods in Dubai.

Relatively High

7. Things To Do

The Dubai Marina area offers a plethora of activities, including waterfront dining, shopping, and entertainment venues, ensuring that there is always something to do.

Vibrantly Diverse

8. Noise Levels

Due to its location in a bustling area, noise levels can be elevated, especially during peak hours, but the design of the buildings provides a decent level of sound insulation.

Moderately Lively

9. Pet Friendliness

While pets are generally allowed in the community, there are some restrictions regarding size and type, and designated pet areas are limited.

Moderately Accommodating

Schools

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Key Information

Developer: Emaar Properties

Building Type: Residential complex

Building Age: 3 years(completed in 2021)

Length: 466

Unit Types : 1, 2 and 3-bedroom apartments

Floors: Building 52/42 Tower 1 52 and Building 52/42 Tower 2 42

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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