Terraces Marasi

Key facts

Handover (past)

Q2 2024

Status

Ready

Ownership

freehold

Property types

apartment, duplex

Availability

Sold out

How Terraces Marasi compares

Entry here is AED 2.0M, against a median of AED 2.0M across the 75 priced projects in Business Bay, which puts it above 38 of them and below 36. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q2 2024, alongside 37 other projects completing in the same quarter. Keymavens has 2 projects in our catalogue.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Well-being and Fitness
• Leisure Lounge
• Security
• Balcony
• Barbecue Area
• Children's Play Area
• Shared Pool

Location

Terraces Marasi sits in Business Bay.

Master plan

The developer’s own site plan for Terraces Marasi, showing how the buildings, roads and open space sit together.

What you pay, and when

The launch payment plan was 10% on booking, 30% during construction and 60% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 76,000 at this resale price. Under Dubai's Law 8 of 2007, that 10% booking payment goes into a RERA-supervised escrow account rather than to Keymavens directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 1,066 square feet at AED 2,022,871, which works out at AED 1,898 per square foot. Stated sizes run from 1,066 to 16,788 square feet.

Handover and construction

Terraces Marasi handed over in Q2 2024.

Ownership and residency

Terraces Marasi is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The cheapest resale listed falls short of the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 1 bedroom units here start at AED 2,022,871 and clear it on their own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 1,066 square foot entry unit that is about AED 15,000 to AED 23,000 a year.

Who it suits

The development is apartments and duplexes in 1 to 4 bedroom layouts. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Terraces Marasi records well-being and fitness, leisure lounge and balcony among its shared facilities, alongside the security, barbecue area, children's play area and shared pool that most Dubai developments carry. 11 floor plans are published for it.

Frequently asked