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Property for sale information

 
Marina Residence, Palm Jumeirah, Burj al Arab view/1070  
Reference nr: 1070
Description:

Apartment 234 m²
Year of construction: 2009

Towering above the waves, Marina Residences is situated on the Trunk of the iconic Palm Jumeirah, off the coast of Dubai. This opulent development of 6 freehold high rises is distinctively Arabian in design and colour, yet with the trappings of the glamorous French Riviera or Mediterranean coast; the exclusive playgrounds of the rich & the famous.

Ideal for relaxation & entertaining, Marina Residences features elegant two and three bedroom apartments, penthouses & townhouses of exceptional interiors and classic/contemporary finishes. All properties incorporate ‘future technology-ready’ elements as well as branded appliances. The towers of Marina Residences repose on landscaped podiums to form a ‘v’ pattern and open into Anchor Marina. With berths for over 700 vessels, an elegant clubhouse & 5-star yacht facilities, Anchor Marina sets the tone of life at Marina Residences, Dubai.

The Palm Jumeirah is beyond doubt, a glittering testimony to the will and vision of the people of Dubai. Often called the 8th wonder of the world, this man-made island has blossomed into a highly coveted and valuable real estate development. Owing to its sheer scale,

beauty and innovation, The Palm has caught the fancy of millions worldwide. A property here, especially at the unconventional Marina Residences is certain to be a personal legacy in the generations to come.

Location:

The freehold Marina Residences stands on the edge of the Trunk of Palm Jumeirah, off Dubai. One of the most sought-after sectors on the Palm, the 2 kilometre long trunk provides expansive views of the ocean and the undulating Dubai coastline.

The Palm Jumeirah is one of three islands off Dubai that constitute the ambitious Palm project by Nakheel, the master developer. It is composed of a Crown with 17 fronds, a 2-km long Trunk and a surrounding Crescent.

For transporting visitors & residents within and outside, The Palm Jumeirah, Dubai operates,

- 10-lane highway

- Sub-sea tunnel

- Monorail network

- Ferry service

As per the plan of 2007, The Palm Jumeirah includes major amenities for entertainment such as beachfront hotels, shoreline clubhouse, and marinas. Its Trunk will also host Trump International Tower & Hotel, a joint project by Nakheel and Donald Trump. The Palm Jumeirah lies approx. 3km off Dubai mainland.

Facilities:

- 11 spacious apartments per floor

- High–speed internet access

- Branched kitchen appliances

- Finishes in classic/contemporary styles

- High quality tiles

- Stainless steel sinks

- Timber floors in master bedrooms

- Stone vanity tops

- Full height wall tiles

- High quality switches & outlets

- Gym, Jacuzzi, swimming pool

- Children’s play area

- 5-star yacht facilities on Anchor Marina

- Underground access to luxury retail centres

- Anchor Marina managed by Island Global Yachting (IGY)

Bedrooms: Bathrooms: Price (€):
3 3 727,000
Features:
Beach
City
Submission Date:
01-20-2009
Last Update:
03-25-2009
Advertiser Details:


Name:
Bruno Friedl

Company:
INRES international, investment & real estate

Phone:
0049-8031-941287
Fax:
0049-8031-941588
Mobile:
0049-176-23 35 97 98

 
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Calculators

 
Property price: €727,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations