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Marina Residence 5, Palm Jumeirah

Marina Residence 5, Palm Jumeirah

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Palm Jumeirah, Dubai

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Strengths

Prime Location

Luxurious Amenities

Spacious Apartments

Weakens

High Maintenance Fees

Traffic Congestion

Limited Public Transport

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Buildign Overview

Summary

  • Marina Residence 5 is a premium residential tower located in the iconic Palm Jumeirah, offering stunning views of the Arabian Gulf.
  • This luxurious building is surrounded by upscale amenities, including fine dining options, shopping outlets, and leisure facilities.
  • It provides easy access to the Sheikh Zayed Road and is well-connected to the Metro and other public transportation networks.
  • Comparatively, it stands out against other nearby developments in terms of architectural elegance and lifestyle offerings.

Properties Overview

  • The building features a range of apartments, including 1, 2, and 3-bedroom layouts, catering to diverse residency needs.
  • Rental prices typically start from AED 100,000 for 1-bedroom units, while sales prices for similar properties can reach AED 2 million.
  • Popular choices among tenants and buyers include the penthouses, known for their expansive space and luxury fittings.

Market Trends

  • The Palm Jumeirah real estate market has seen a steady increase in demand, with rental prices rising approximately 5% over the past year.
  • Sales trends indicate a solid ROI, with potential returns of around 6% for investors looking to capitalize on the location's prestige.
  • Future expectations suggest ongoing growth, driven by an influx of expatriates and international investors seeking premium living spaces.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy close proximity to high-end supermarkets like Carrefour and Spinneys, along with esteemed healthcare facilities such as Mediclinic and Emirates Hospital.
  • Reputable schools and nurseries nearby, like the American School of Dubai and the Kids Academy, ensure quality education options for families.

Transportation and Accessibility

  • Public transport options include the Palm Monorail, which connects residents to the mainland, and reliable taxi services.
  • Ample parking space within the building allows for convenient vehicle access, making commuting a breeze.

Lifestyle Amenities

  • Residents benefit from a variety of lifestyle amenities, including state-of-the-art gyms, swimming pools, and spa facilities.
  • Several renowned restaurants and cafes are located within walking distance, offering diverse culinary experiences.
  • Outdoor leisure options abound, with the beautiful beach and marina just moments away for residents to enjoy.

Builing Facilities

  • The building is equipped with advanced security systems, 24/7 concierge services, and high-speed elevators.
  • Central air conditioning and regular maintenance services ensure residents' comfort and convenience.

Special Services

  • Unique amenities include a dedicated business center for professionals, private meeting rooms, and stylish lounges for social gatherings.
  • Exclusive guest services cater to visitors, providing a welcoming atmosphere for residents' friends and family.

Planning Your Move or Investment

Floor Plans and Property Types

  • A range of appealing floor plans are available, from cozy apartments for individuals to spacious family homes, accommodating various lifestyle preferences.

Things to Consider

  • Potential tenants should evaluate lease terms, while buyers are encouraged to consider property maintenance fees and community guidelines.
  • Both groups should assess the suitability of each unit's layout to their lifestyle needs.

Useful FAQs and Support

Events and Building Life

Building Events

  • Marina Residence 5 hosts regular community events, such as social mixers, holiday parties, and fitness classes, fostering a vibrant resident community.

Community Identity

  • The building is characterized by its modern architectural design and commitment to luxury living, making it a landmark within the Palm Jumeirah.
  • Engaging recreational activities and a strong sense of community enhance the building's identity, appealing to a diverse clientele.

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Detailed Buiding Insights

1. Family Friendliness

The community provides ample spaces for children to play, excellent schools nearby, and family-oriented events, making it a highly friendly environment for families.

Exceptionally Welcoming

2. Living Options

Marina Residence 5 offers a variety of living options including spacious apartments with sea views, catering to different preferences and budgets.

Broadly Diverse

3. Safety And Security

The community features 24/7 security, gated access, and surveillance systems, providing residents with a strong sense of safety and security.

Remarkably Secure

4. Transportation

With easy access to major highways and public transportation options nearby, residents find commuting to other parts of Dubai to be very convenient.

Very Convenient

5. Amenities And Facilities

Marina Residence 5 boasts a variety of amenities including swimming pools, gyms, and direct beach access, enhancing the living experience for residents.

Richly Equipped

6. Cost Of Living

While property prices are premium in Palm Jumeirah, the quality of life and the amenities provided justify the costs, making it relatively balanced.

Relatively Balanced

7. Things To Do

The area is surrounded by restaurants, cafes, shops, and entertainment options, ensuring that residents have a wealth of activities to choose from.

Vibrantly Diverse

8. Noise Levels

Despite being close to lively areas, the residential units are designed to minimize noise, allowing for a peaceful living environment.

Generally Peaceful

9. Pet Friendliness

The community is welcoming to pets, with parks available for pet walking and a general acceptance of pets among residents.

Warmly Accommodating

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Key Information

Developer: Nakheel

Building Type: Residential

Building Age: 15 years(Date of completion: 2009)

Length: 48 townhouses

Unit Types : 2 and 3-bedroom apartments and 4-bedroom penthouses

Floors: 14

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

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