Zumurud Tower is a 31-storey, 124m tall residential building. The complex is located in the Dubai Marina area near the Persian Gulf. Construction began in February 2006 and was completed in 2010. The company, Bin Hamoodah Group, was responsible for the development of the project. The main architect was Khatib & Alami.
Apartments range in size from 870 to 2,170 sq. ft (80-200 sq. m). The minimum cost for an apartment is AED 500,000 (USD 137,000). The annual rental cost is approximately AED 35,000-85,000 (USD 10,000-24,000).
The average size of a 4-bedroom penthouse is 3,657 sq. ft (340 sq. m). Properties of this size can be purchased for AED 2,300,000 (USD 627,000). Rent per year is about AED 230,000 (USD 62,618) for this type of penthouse.
Dubai Marina attracts investors with its variety of real estate, well-developed infrastructure, large area and local attractions.
The acquisition of real estate in the residential complex Zumurud Tower can be considered a profitable investment. The return on investment from the rental of apartments can reach up to 5%.