Opportunities / ZE-S-1050Investment memorandum · Confidential · Illustrative
Dubai Marina · Penthouse
Marina Sky Penthouse
A full-floor penthouse with a wraparound terrace and plunge pool, sixty storeys above the Marina.
Golden Visa eligible
- Asking price
- AED 18,900,000
- ≈ USD 5,146,358
- Projected net yield
- 5.6%
- after service charges
- Est. net rent
- AED 1.06M
- per annum
- Capital growth
- 6.5%
- p.a. (illustrative)
Demonstration imagery.
Investment thesis
Occupying the entire upper floor of a landmark Marina tower, the penthouse wraps 360 degrees of glazing around a central living core.
A 1,400 sq ft terrace with plunge pool faces the Palm and the Arabian Gulf. Four bedroom suites, a media room and a separate maid's room complete the layout.
Financial summary
| Purchase price | AED 18,900,000 | USD 5,146,358 |
| DLD transfer fee (4%) | AED 756,000 | USD 205,854 |
| Agency fee (2%) | AED 378,000 | USD 102,927 |
| Registration & trustee (est.) | AED 4,200 | USD 1,144 |
| Total acquisition cost | AED 20,038,200 | USD 5,456,283 |
| Est. gross rent p.a. | AED 1,192,600 | USD 324,738 |
| Service charge (AED 22/sq ft) | AED -134,200 | USD -36,542 |
| Est. net income p.a. | AED 1,058,400 | USD 288,196 |
Illustrative. Excludes financing, vacancy, management fees and furnishing.
Specification & amenities
- Reference
- ZE-S-1050
- Bedrooms
- 4
- Bathrooms
- 5
- Built-up area
- 6,100 sq ft
- Completion
- 2016
- Developer
- Select Group (illustrative)
- View
- Sea, Palm & Marina
- Plunge pool
- Wraparound terrace
- Private lift lobby
- Concierge
- Residents' gym
- Infinity pool
- 3 parking spaces
Location · Dubai Marina
Towers lining a man-made marina, with JBR beach and The Walk a short stroll away. Popular with professionals and investors for its rental depth.
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