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Marina Residences 3, Palm Jumeirah

Marina Residences 3, Palm Jumeirah

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Palm Jumeriah, Dubai

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Strengths

Stunning Waterfront Views

Luxurious Amenities

Great Location

Weakens

High Maintenance Fees

Limited Public Transport

Noise Levels

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Buildign Overview

Summary

  • Marina Residences 3 is a luxurious residential building located on the renowned Palm Jumeirah, known for its stunning beachfront views and upscale living.
  • The building is surrounded by high-end dining, shopping destinations, and entertainment options, making it a prime location.
  • Nearby facilities include the vibrant Palm Jumeirah Boardwalk and various hotels, including the famed Atlantis, which adds to the allure of the area.
  • In comparison to similar luxury developments on Palm Jumeirah, Marina Residences 3 offers superior amenities and quality finishes.

Properties Overview

  • The building features a range of properties, including spacious apartments with stunning views of the Arabian Gulf.
  • Popular unit types include 2 to 4-bedroom apartments, appealing to both families and professionals.
  • Current rental prices in Marina Residences 3 range from AED 120,000 to AED 250,000 annually, while sale prices typically fall between AED 2.5 million to AED 4 million.

Market Trends

  • Over the past year, both rental and sale prices have shown stable growth, attributed to increased demand for luxury properties.
  • Investors can expect a competitive return on investment (ROI) ranging from 6% to 8%, reflecting the desirability of Palm Jumeirah.
  • Future projections suggest continued demand, particularly with developments enhancing the area's infrastructure and amenities.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to several supermarkets such as Spinneys and Carrefour, ensuring convenience for daily shopping.
  • Educational facilities include reputable schools like the Regent International School and the American School of Dubai, catering to various curricula.
  • Healthcare services are readily available with nearby clinics and hospitals, ensuring residents' well-being.

Transportation and Accessibility

  • The building is well-connected to major road networks, providing easy access to Dubai Marina and the city center.
  • Public transportation options include the Palm Monorail and regular taxi services, enhancing mobility.
  • Ample parking facilities are available for residents and guests.

Lifestyle Amenities

  • Marina Residences 3 offers a range of lifestyle amenities including a fully equipped gym, inclusive swimming pools, and private beach access.
  • A variety of gourmet restaurants and cafes are in close proximity, providing diverse dining experiences.
  • Residents can indulge in outdoor activities like water sports and beach lounging along the coastline.

Builing Facilities

  • The building features modern elevators, 24/7 security services, and central air conditioning, ensuring comfort and safety.
  • Maintenance services are readily available, allowing for a hassle-free living experience.

Special Services

  • Residents benefit from concierge services, assisting with everyday needs and reservations.
  • Business amenities are available, including meeting rooms and workspaces, catering to professionals.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available, accommodating different preferences, from cozy units to spacious family apartments.

Things to Consider

  • When considering a move to Marina Residences 3, evaluate the unit size, layout, and overall community vibe.
  • Potential buyers and renters should also consider proximity to amenities and connectivity to the rest of Dubai.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents can enjoy a calendar of community events, including social gatherings and seasonal celebrations, fostering a sense of belonging.

Community Identity

  • Marina Residences 3 is distinguished by its unique blend of opulence and community spirit, enhancing the luxurious lifestyle on Palm Jumeirah.
  • The architectural design reflects contemporary aesthetics, attracting a diverse community of residents.

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Detailed Buiding Insights

1. Family Friendliness

The community offers family-oriented facilities such as playgrounds and swimming pools, making it suitable for families with children.

Very Welcoming

2. Living Options

Marina Residences 3 features a variety of living options, including spacious apartments with stunning views, catering to different family sizes and preferences.

Diverse and Luxurious

3. Safety And Security

The community is monitored 24/7 by security personnel, ensuring a safe environment for residents.

Highly Secure

4. Transportation

Public transport options and main roads are easily accessible, making commuting to various parts of Dubai straightforward.

Conveniently Accessible

5. Amenities And Facilities

Residents enjoy luxurious amenities such as a fitness center, spa, and abundance of leisure facilities and swimming pools.

Extensively Equipped

6. Cost Of Living

While the quality of living is exceptional, the cost of living can be considered high compared to other areas of Dubai.

Relatively High

7. Things To Do

The locality boasts numerous entertainment options, including nearby restaurants, beaches, and shopping outlets.

Richly Diverse

8. Noise Levels

Despite being a vibrant community, the noise levels are kept to a minimum due to the thoughtfully designed layout.

Generally Peaceful

9. Pet Friendliness

Some facilities and policies allow pets, but there may be restrictions on certain breeds and sizes.

Moderately Welcoming

Schools

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Key Information

Developer: Nakheel 

Building Type:  Mixed-use

Building Age: 2009

Unit Types : 1, 2 and 3-bedroom apartments

Floors: 15

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

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