Dubai Marina is one of the affluent residential neighborhoods in the UAE, and a gem of a city with stunning turquoise-green waters that expats are drawn to. Being a modern district, it appeals to tourists and families, drawing visitors from everywhere.
The unmistakable international vibe is seen in the 120,000 expat residents who have settled here from Asia, Europe, South America, and the Middle East. Among the European nationalities living in Dubai Marina are German, French, and British individuals.
Dubai Marina is more than a place that buzzes with lively city life and financial opportunity. It appeals to families wanting to settle down, remote workers looking for a home away from home, and young professionals searching for properties. If you’re one of these house hunters, purchasing a home in this city is a smooth process.
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British expats and property hunters think Dubai Marina’s a special place, as it offers:
World Class Amenities and Infrastructure: Paired with a high-end living experience, world-class amenities await expats settling or investing in Dubai Marina. You can expect upscale properties, shops, and many entertainment options in this well-connected city.
Strong Investment Opportunities: Boasting a highly sought-after property market, the city attracts foreign investors. Properties here can be a source of lucrative returns, with rental yields ranging between 5% and 7%.
Designated Freehold Areas: Looking to own a property outright and have full ownership rights? Dubai Marina is a designated freehold area that has no restrictions on foreign ownership, so you will be able to own a home for investment or residential use.
After you open a UAE bank account and have compared and been approved for a mortgage, you can locate a property for sale in Dubai Marina that you really love. At this point, when you’ve spoken with the real estate agent and viewed the property, you can make an offer.
Before you move from the United Kingdom, you should show the seller that you can finance the property by presenting a mortgage agreement and then pay a deposit of 10% of the price. You need to do this before signing the Memorandum of Understanding in front of a witness with the seller.
You will then need to obtain an E.NOC or No Objection Certificate and sign a sales and purchase agreement (SPA) before sending the rest of the balance owed.
High-rise residential apartments, villas in welcoming communities, studio units, and multi-room residential properties are all available in Dubai Marina. To make your dream a reality and get the perfect home in Dubai Marina, the best first step is to compare local lenders with Upscore. The scope of lenders we list is large, giving you all the best options.
You can then kick things off and begin the search for your perfect Dubai Marina home.
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