Port De La Mer – La Sirene 2

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Key Details

Type
Apartments

Overview

Bringing Mediterranean allure to the historic district of Jumeirah 1, La Sirene 2 is the second phase of La Sirene in Port De La Mer by the master developer Meraas. Along with La Sirene, the waterfront community consists of La Rive, La Pont, La Cote, Sur La Mer and La Voile, which have all proved to be highly popular with end users and investors. Meanwhile, La Sirene 2 consists of 3 low-rise buildings, offering a collection of 1-3 bedroom apartments with a total area ranging from 673-2,320 sq.ft.

Speaking of key features of the brand new project, owners of 1 and 2-bedroom residences will benefit from a laundry room and a balcony or a terrace of 48-446 sq.ft. At the same time, 3-bedroom apartments boast a landscaped terrace of 375 sq.ft and an en-suite maid’s room, in addition to a generously sized living and dining spaces.

As well as all the above, residents of La Sirene 2 will have unlimited access to a set of well-chosen on-site amenities. These include:

Due for handover in December 2024, La Sirene 2 is part of the first freehold community in Jumeirah 1. It is worth noting that until the release of Port De La Mer, only UAE and GCC nationals could buy properties in this area, while foreigners could only rent a residence. Home to numerous palaces of wealthy Sheikhs, Jumeirah 1 is considered one of the most prestigious areas in Dubai. La Sirene 2 provides the opportunity to become a part of it, and since the property there is freehold, it can be used not only for residential but for commercial purposes as well. The average estimated ROI in Port De La Mer is 7% and the starting rental price for a 1-bedroom apartment of 945 sq.ft is AED 70,000 (USD 19,100).

Another perk of property ownership in La Sirene 2 is that it provides the opportunity of becoming a UAE resident through the Taskeen programme by the DLD. Since September 2021, the minimum financial requirement to apply for a 3-year investor visa has been set at AED 750,000 (USD 204,200). Along with residency, a visa holder can benefit from a family sponsorship, which allows bringing a spouse and children to the UAE as well.

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