Manchester Tower is an apartment complex consisting of 336 apartments with 1, 2 and 3 bedrooms, located in the Dubai Marina district. The 30-storey tower is 127 meters high and belongs to Manchester Real Estate Group.. Construction on the tower was completed in mid 2007.
All apartments in the development are fully equipped with all the necessary amenities needed to live a comfortable life. The layout of the units present bedrooms, several bathrooms, a living room and a kitchen, as well as a spacious balcony overlooking the surrounding area. Living areas of the residences range from 340 sq. ft to 1,391 sq. ft (31 sq. m to -129 sq. m).
The building provides 24-hour security and basic concierge services are available to all residents. The complex has a barbecue area and cafe, allocated underground parking, and a children’s playground. There is a swimming pool and gym on the roof of the building for owners of apartments and security is maintained through an alarm system, intercoms and fire detectors. Pets are allowed in the building, and there are also several parks and fitness centers in the vicinity of the complex.
The most popular type of accommodation in Manchester Tower are the one-bedroom apartments. The price of this type of property starts from AED 480,000 (USD 131,000) and can go up to AED 640,000 (USD 175,000).
Regardless of the purpose of buying a property (as an investment or as a place to live permanently), Manchester Tower has some of the most favourable conditions in Dubai Marina.
Apartments are available in several types of layouts with different numbers of bedrooms. One-bedroom apartments have the highest rate of return at about 9.5%. Apartments with 2 and 3 bedrooms have a slightly lower rate of return with 7.8% and 7.6% respectively. These figures are due to an overall increase in property prices in Dubai Marina due to developed infrastructure that supports tourism in the country.
When calculating the profitability of real estate in Manchester Tower, one should pay attention to the payment for the services provided and take into account the taxation.