Situated in the sought-after area of Dubai Marina, LIV MARINA is a supertall residential project by LIV Real Estate Development LLC. The beachfront 44-storey development was launched in Q1 2022 and offers an array of compact studios and chic 1-3 bedroom apartments, as well as opulent full-floor signature penthouses with 4-bedroom layouts on the upper floors (43-44). Living areas of the properties in LIV MARINA range between 514 sq. ft and 6,732 sq. ft, including balconies from 83 sq. ft to 1,095 sq. ft. The spacious balconies means that potential residents will be able to enjoy full marina views from the comfort of their own homes.
In terms of layouts, all apartments boast an open kitchen and a dining/living room with detailed finishes. At the same time, prospective real estate buyers will be keen to learn that there is a study/maid’s room as well in a number of 2-bedroom apartments. Not forgetting the 3-bedroom residences that are available in 2 different types: regular and signature, with LIV luxury finishes, both of which include a maid’s room for the utmost convenience of residents. Finally, owners of full-floor penthouses will have a walk-in wardrobe, a games room, a lobby, a garbage room, a maids room with an attached bathroom, a show kitchen and a maids kitchen, a study/library, a bar, and a formal lounge, among other defining features, at their full disposal.
The starting price for a 1-bedroom apartment of 747 sq. ft in LIV MARINA is priced at AED 1,500,000 (USD 408,000).
Another popular residential project in Dubai Marina is the 27-storey LIV Residence, which was also created by LIV Real Estate Development LLC. At an initial cost of AED 1,000,000 (USD 272,000), this development offers a range of ready-to-move-in studios, apartments and penthouses with full access to private terraces, a retail area and F&B venues, among other lifestyle facilities.
Due for completion in Q2 2025, LIV MARINA is a highly attractive option not only for residing in, but also as a commercial investment. In fact, the rental price for 1-bedroom apartments in similar complexes in this area, such as Marina Terrace Tower, start at AED 95,000 (USD 26,000) per annum, and the average ROI in Dubai Marina is 7.95%, which is one of the highest in the emirate. These indicators ensure that you will generate lucrative long-term income if you decide to purchase an apartment in LIV MARINA for subsequent lease.
Furthermore, it is also worth considering reselling the property once it is at the final stages of construction or completed, as its cost is guaranteed to increase. Not forgetting that real estate in Dubai Marina continues to gain in value, and according to Bayut & dubizzle, this area registered a 10.84% price surge in 2021, showcasing the increasing interest of end users and real estate investors in this area. As well as the above, Dubai Marina, alongside JBR, will become an international tourism and leisure hub, as per the Dubai 2040 Urban Master Plan, which will cause a surge of tourists in this area and subsequently boost the demand for properties, such as LIV MARINA, both for sale and to rent.
Another attractive benefit of purchasing an apartment in LIV MARINA is that upon its handover, you will become eligible for a 3-year investor visa, as the minimum qualifying amount is set at AED 750,000 (USD 205,000) and can be renewed multiple times. Once you become an investor visa holder, you will be able to relocate your spouse and children to the UAE as well, on the basis of family sponsorship.