Marina Arcade Tower

Key facts

Handover (past)

Q2 2017

Status

Ready

Construction progress

100%

Property types

Apartments

Availability

Available

How Marina Arcade Tower compares

Entry here is AED 8.6M, against a median of AED 4.5M across the 12 priced projects in Dubai Marina, which puts it above 9 of them and below 2. The plan opens at 100% down, against a Dubai median of 20%, so it asks 80% more up front than the typical plan. Handover lands in Q2 2017, alongside 4 other projects completing in the same quarter.

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

• 24-Hr Security
• Children'S Playground
• Swimming Pool
• Fully Equipped Gym
• Shopping Area
• Rest Room

Location

Marina Arcade Tower sits in Dubai Marina.

Master plan

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

What you pay, and when

The payment plan published for it runs 100% on booking. At the AED 8,600,000 entry price, that is AED 8,600,000 to reserve a unit.

The Dubai Land Department registration fee is 4% of the purchase price, payable on top: about AED 344,000 at this entry price. Under Dubai's Law 8 of 2007, that 100% booking payment goes into a RERA-supervised escrow account rather than to Mada'in Properties directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 5,324 square feet at AED 8,600,000, which works out at AED 1,615 per square foot.

Handover and construction

The handover on record for Marina Arcade Tower is Q2 2017. Construction was last recorded at 100% complete.

Ownership and residency

The 10 year UAE golden visa has a property threshold of AED 2,000,000, and the entry price is at or above it, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Dubai Marina run roughly 12 to 20 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 5,324 square foot entry unit that is about AED 64,000 to AED 106,000 a year.

Who it suits

The development is Apartments in 3 bedroom layouts. Every layout is 3 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock.

What is on site

Marina Arcade Tower records 24-hr security, children's playground, swimming pool, fully equipped gym, shopping area and rest room among its shared facilities. The development is 1 units in total. 1 floor plans are published for it.

Frequently asked