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Dubai Marina

Marina Arcade Tower

2 BR · Apartment

About the building

47-storey residential building in Dubai Marina, completed in 2017. Developer — Mada’in.

What the building has

  • Swimming pool
  • Spa and sauna
  • Children's area
  • Parking
  • Sports courts
  • Park and landscaping

Where it is

Dubai Marina

The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.

  • reliable rental income
  • car-free living
  • fast resale

What to check: Much of the stock is fifteen to twenty years old and building condition varies enormously. Get the service charge history and walk the common areas before you offer — an unmaintained tower will cost you more than the discount you got.

Full district guide →

Questions and answers about lot NP4-528431

How much is this 2-bedroom apartment in Marina Arcade Tower?

Lot NP4-528431 is priced at AED 2 100 000, about $572 000. The size is 1 215 sq ft (113 m²), which works out at AED 1 728 per sq ft.

How much has the price of this lot been cut?

The price before the cut was AED 2 249 000; it is now AED 2 100 000 — AED 149 000 less, or 7%.

Is this expensive or cheap for Dubai Marina?

The database holds 172 lots in Dubai Marina, starting from AED 500 000. The area median is AED 2 301 per sq ft; this lot, at AED 1 728, is 25% below it. 48 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.

Dubai Marina area guide →

Is the property ready or still under construction?

According to the listing, the property is ready. The project passport gives 2017 as the completion year.

Can this lot be bought with a mortgage, and what would the payment be?

UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 420 000; a loan of AED 1 680 000 over 25 years at 3.75–4.99% a year comes to roughly AED 8 600–9 800 a month. A non-resident puts down from 40% (AED 840 000) and pays about AED 6 500–7 400 a month. The bank approves the rate and the amount.

Run your own numbers in the mortgage calculator →

What costs come on top of the price?

The main one is the Dubai Land Department registration fee: 4% of the price, AED 84 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.

Does buying this lot qualify for a UAE residence visa?

On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 100 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.

Golden Visa and residence visas →

What is known about Marina Arcade Tower?

The building has 47 floors and 280 units. The developer is Mada’in. Completion year: 2017. Figures are from the project passport: Propsearch and the Dubai Land Department.

Marina Arcade Tower project page →

How do I view the property and get the exact address?

Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-528431 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.

Video

Video: Marina Arcade Tower

Reviews from the English YouTube channel — each one with a written breakdown on this site.

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