Al Marjan Island neighborhood in Dubai: Full Analysis
Al Marjan Island is one of the most promising and fastest growing neighborhoods in Dubai, United Arab Emirates. This man-made archipelago located in the Ras Al Khor region has become a symbol of luxury, modern construction and attractive opportunities for investors. In this article, we take a detailed look at various aspects of Al Marjan Island by providing quantitative data and analytics.
1. Location and History
Al Marjan Island is located about 20 kilometers northeast of the center of Dubai, in close proximity to the International Airport of Dubai. The archipelago consists of seven pockets (palms) stretching along the Persian Gulf coast. The project was launched in 2006 and was planned to create more than 6.8 million square feet of residential and commercial real estate on the island. By 2023, the project is approximately 90% complete, making it one of the most significant projects in the region.
2. Attractions
Al Marjan Island offers a variety of attractions for residents and tourists:
– Al Marjan Gate (Al Marjan Gate): The central point of the island with shopping centers, restaurants and entertainment venues.
– Crown Villas: Luxury villas with bay views and exclusive amenities.
– Marjan Island Club: A multifunctional complex for sports and recreation, including swimming pools, sports fields and spa centers.
– Lots of parks and green spaces: The total green space is about 1.2 million square feet, providing a comfortable environment for living and recreation.
3. Beach Vacation
Al Marjan Island is famous for its beautiful beaches, which are about 15 kilometers long. The beaches are equipped with sunbeds, umbrellas and water sports such as water skiing and parasailing. The main beach areas are located on each of the seven pockets of the island, providing easy access for all residents and visitors.
4. Infrastructure and Amenities for Life
Al Marjan Island’s infrastructure includes:
– Shopping centers: More than 50 stores and boutiques offering a wide range of goods from international brands.
– Educational institutions: Kindergartens and schools of international level with modern educational programs.
– Medical Centers: Clinics and pharmacies that provide quality health care.
– Restaurants and cafes: More than 30 catering establishments representing the cuisines of different countries.
– Sports and recreational facilities: Gyms, fitness centers, movie theaters and play areas for children.
5. Development of Residential Complexes and Real Estate Objects
Residential developments including apartments, townhouses and villas are being actively developed on Al Marjan Island. The total volume of residential real estate is more than 4 million square feet. The project is focused on creating a comfortable environment for families and professionals, offering modern architectural solutions and high standards of construction.
6. Popular Residential Complexes
Some of the popular residential developments on the island include:
– Al Rayah: A multi-level complex with apartments and seascape views. Total housing area exceeds 500,000 square feet.
– The Oasis: Exclusive villas with spacious terraces and private pools. There are approximately 200 villas on the island.
– Sahara Villas: Townhouses with modern design and comfortable layout. The total number of properties is 150 units.
7. Real estate objects
Al Marjan Island Residence includes:
– Apartments: From studios to spacious 4-bedroom apartments. Prices range from 500,000 to 2 million dollars.
– Villas: Luxury two-story homes ranging from 3,000 to 7,000 square feet. Costs start at $2 million.
– Townhouses: Medium sized homes ideal for families. The price per townhouse is approximately 1.5 million dollars.
8. Transport Accessibility
Al Marjan Island has excellent transportation accessibility:
– Roads: The main highway connects the island with the center of Dubai and the airport. The total length of roads on the island exceeds 50 kilometers.
– Public transportation: Buses and shuttles run regularly around the island, providing easy transportation.
– Shuttles to the city center: The travel time to the business center of Dubai is about 30 minutes.
9. Opportunities for Investors
The Al Marjan Island real estate market offers attractive opportunities for investors:
– Rental income: Average rents range from AED 50,000 to AED 150,000 per year depending on the type of property.
– Price Growth: Real estate prices have increased 8% per year for the past five years.
– Low tax rates: There are no taxes on rental income and capital gains in the United Arab Emirates.
– Infrastructure development: Ongoing investment in infrastructure contributes to real estate values.
10. Acquisition of Real Estate
The process of acquiring real estate in Al Marjan Island is quite simple for foreign investors:
– Legal requirements: Foreigners can own real estate in free zones without the need for permits.
– Financing: Many banks offer mortgages with low interest rates and flexible terms.
– Transparency of transactions: The regulated real estate market and the presence of professional agencies ensure transparency and security of transactions.
– Real Estate Agencies: Over 30 licensed agencies specializing in selling and renting properties on the island.
Conclusion
Al Marjan Island in Dubai is a unique blend of luxury, comfort and investment appeal. With well-designed infrastructure, a variety of residential and commercial properties, and excellent transport accessibility, the area is becoming increasingly popular with both residents and investors from around the world. With steadily rising real estate prices and high standards of living, Al Marjan Island remains one of the best choices for investment and living in Dubai.
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