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Marina Residence 2, Palm Jumeirah

Marina Residence 2, Palm Jumeirah

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Palm Jumeirah, Dubai

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Strengths

Stunning waterfront views

Luxury amenities

Prime location

Weakens

High maintenance fees

Limited public transport options

Potential noise from nearby developments

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Buildign Overview

Summary

  • Marina Residence 2 is a luxurious residential tower strategically located on Palm Jumeirah, one of Dubai's most prestigious addresses.
  • The building features seamless access to a variety of amenities, including upscale shopping, fine dining, and stunning views of the Arabian Gulf.
  • It is in close proximity to major city attractions such as Atlantis, The Palm and Aquaventure Waterpark, enhancing its appeal for both residents and visitors.
  • Compared to neighboring developments, Marina Residence 2 offers a blend of modern design and exclusive lifestyle that stands out in the area.

Properties Overview

  • The building hosts a variety of residential units ranging from one to four-bedroom apartments with spacious layouts and high-end finishes.
  • Rental prices typically range from AED 100,000 to AED 300,000 per year, depending on the unit's size and view.
  • For those interested in purchasing, properties in Marina Residence 2 generally sell between AED 1.5 million and AED 5 million.

Market Trends

  • Current market trends indicate a steady demand for rental properties in Marina Residence 2, with an annual rental increase of about 5-7%.
  • Sales prices have seen average appreciation of 3-5% annually, making it a sound long-term investment.
  • Looking ahead, experts anticipate continued interest in luxury properties on Palm Jumeirah, likely driving prices even higher.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents can benefit from various nearby essentials, including high-quality supermarkets, international schools, and top-tier healthcare facilities.
  • Prominent hospitals and clinics are within a short driving distance, ensuring convenient access to medical care.

Transportation and Accessibility

  • Marina Residence 2 is well-connected with easy access to public transportation, including the Palm monorail and taxis.
  • Ample parking spaces are available for residents and guests, facilitating convenient travel throughout Dubai.

Lifestyle Amenities

  • The building is surrounded by a wealth of lifestyle amenities such as fitness centers, fine dining options, and leisure facilities.
  • Residents can enjoy luxurious beach access, walking paths along the shoreline, and nearby parks.

Builing Facilities

  • Modern facilities include high-speed elevators, 24-hour security, and centralized air conditioning for enhanced comfort.
  • Regular maintenance services ensure the property is well-kept and inviting for all residents.

Special Services

  • Exclusive services such as concierge support, guest services, and a well-equipped business center cater to the needs of both residents and visitors.
  • Unique amenities include a swimming pool, a children's play area, and outdoor barbeque facilities.

Planning Your Move or Investment

Floor Plans and Property Types

  • Marina Residence 2 offers various floor plans, from cozy one-bedroom units to expansive four-bedroom layouts designed for families.
  • Each floor plan maximizes space and is customized to meet the lifestyle needs of different residents, including stunning balcony views.

Things to Consider

  • Potential tenants and buyers should consider factors such as proximity to amenities, maintenance costs, and future resale value.
  • Check for any ongoing building management fees or homeowners association rules that may apply.

Useful FAQs and Support

Events and Building Life

Building Events

  • The community organizes various social events throughout the year, fostering a sense of belonging among residents.
  • Regular gatherings such as BBQs and holiday celebrations promote interaction and build a vibrant living atmosphere.

Community Identity

  • Marina Residence 2 is known for its stunning architecture and tranquil environment, making it a desirable location for upscale living.
  • Architectural features, such as panoramic windows and landscaped gardens, add to its unique identity in Dubai’s real estate market.

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Detailed Buiding Insights

1. Family Friendliness

The community offers a family-friendly environment with plenty of playgrounds, parks, and facilities suitable for children. Families find it an ideal place to live due to the supportive neighborhood and engaging activities.

Exceptionally Welcoming

2. Living Options

Marina Residence 2 offers a variety of living options, including spacious apartments with stunning views. The diversity in unit sizes and layouts caters to different family configurations and lifestyle preferences.

Broadly Diverse

3. Safety And Security

The community is known for its high level of security, with 24/7 surveillance and on-site security personnel, creating a safe and secure environment for residents.

Remarkably Secure

4. Transportation

The location offers excellent transport links, including proximity to the metro and bus services, making it easy for residents to commute to various parts of Dubai.

Conveniently Accessible

5. Amenities And Facilities

Residents enjoy access to a wide range of amenities, including swimming pools, gyms, and leisure facilities, which enhance the overall quality of living in the community.

Richly Equipped

6. Cost Of Living

While the cost of living can be higher compared to other areas, the balance is maintained by the quality of life and amenities available, making it justifiable for many residents.

Relatively Balanced

7. Things To Do

The community and its surroundings offer a range of recreational activities, dining options, and shopping experiences, ensuring that residents always have something to do.

Vibrantly Diverse

8. Noise Levels

Most residents find Marina Residence 2 to be a peaceful location despite nearby activities, with noise levels typically low, contributing to a serene living experience.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, with several parks and open spaces where pet owners can enjoy time with their furry friends, making it a suitable choice for pet lovers.

Warmly Accommodating

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Key Information

Building Type:  Residential

Building Age: 15 years (completed in June 2009)

Unit Types : 2 and 3-bedroom apartments

Floors: 14 storeys

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

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