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DAMAC The Waves, Dubai Marina

DAMAC The Waves, Dubai Marina

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Dubai Marina, Dubai

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Strengths

Prime Location

Luxurious Amenities

Quality Construction

Weakens

High Maintenance Fees

Traffic Congestion

Limited Parking

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Buildign Overview

Summary

  • DAMAC The Waves is a prestigious waterfront development in the heart of Dubai Marina, boasting stunning views of the Dubai skyline and the Arabian Gulf.
  • The building is in close proximity to several key attractions including Jumeirah Beach, Mall of the Emirates, and the Palm Jumeirah.
  • This prime location offers extensive public transport options, with the Dubai Marina Metro Station and tram services nearby, facilitating easy commutes.

Properties Overview

  • The Waves offers a range of luxurious apartments, including one, two, and three-bedroom options, each designed with modern aesthetics and high-quality finishes.
  • Rental prices typically range from AED 85,000 to AED 150,000 per year, depending on the unit size and view.
  • For buyers, property prices can start around AED 1.2 million for a one-bedroom unit, making it an attractive investment opportunity.

Market Trends

  • The real estate market in Dubai Marina has shown a stable demand for both rentals and sales, reflecting a consistent interest from expatriates and investors.
  • Over the past year, rental prices have seen an increase of approximately 5-8%, while sales prices have remained relatively stable, catering to both end-users and investors.
  • Future expectations suggest a continued interest in this area, especially as Dubai's economy grows and tourism expands.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential services include several supermarkets, international schools, and healthcare facilities such as hospitals and clinics.
  • Families will find reputable schools within a short distance, including the Dubai British School and the American School of Dubai.

Transportation and Accessibility

  • Excellent public transportation links are available, including the Dubai Metro, buses, and water taxis for scenic travel around the marina.
  • Ample parking is provided for residents and visitors, ensuring easy access to the building and surroundings.

Lifestyle Amenities

  • Residents can enjoy a range of lifestyle amenities such as gyms, swimming pools, and proximity to fine dining restaurants and cafes.
  • The vibrant Dubai Marina community offers outdoor parks, beaches, and a bustling nightlife.

Builing Facilities

  • Key building facilities include high-speed elevators, state-of-the-art security systems, and central air conditioning.
  • Maintenance services are readily available, ensuring that the building is well-managed and maintained.

Special Services

  • Unique offerings include concierge services, business centers, and 24/7 guest services, enhancing the luxury living experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available to accommodate diverse preferences, from cozy one-bedroom units to spacious three-bedroom apartments.

Things to Consider

  • Prospective tenants and buyers should consider factors such as budget, layout preferences, community resources, and proximity to workplaces.

Useful FAQs and Support

Events and Building Life

Building Events

  • The building hosts regular social events and gatherings, fostering a sense of community among residents.

Community Identity

  • DAMAC The Waves stands out with its luxurious design and prime location, melding recreational experiences with urban living.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a range of family-centric facilities, including playgrounds and parks, and is located near schools and family-friendly activities, ensuring a supportive environment for families.

Exceptionally Welcoming

2. Living Options

DAMAC The Waves provides a variety of living options, including spacious apartments and luxury residences, catering to different preferences and budgets.

Broadly Diverse

3. Safety And Security

The community is equipped with advanced security systems and 24/7 surveillance, providing residents with peace of mind and a safe living environment.

Remarkably Secure

4. Transportation

Excellent access to public transport and major roadways makes commuting easy. The proximity to tram and metro stations enhances connectivity throughout Dubai.

Highly Convenient

5. Amenities And Facilities

Residents enjoy a wide array of amenities, including swimming pools, fitness centers, and retail outlets, which significantly enhance the quality of living.

Richly Equipped

6. Cost Of Living

While rent prices can be on the higher side, the extensive amenities and community features justify the costs, making it a fair investment overall.

Relatively Balanced

7. Things To Do

From waterfront dining to vibrant nightlife and cultural experiences, the area is packed with attractions that cater to diverse interests.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy area, the design of the buildings and landscaping helps to mitigate noise, creating a serene living atmosphere.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly with several parks and open spaces for pets to enjoy. This adds to the overall positive living experience for pet owners.

Warmly Accommodating

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Key Information

Developer: DAMAC Properties

Building Type: Residential

Building Age: 18 years(completed in 2006)

Length: 247 units

Unit Types : 1, 2 and 3-bedroom apartments and 4-bed duplex penthouses

Floors: Waves A 27 floors and Waves B 10 floors

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

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Avg Price for sale: 1.7M AED

Avg Price for rent: 117.1K AED

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