Overview of Al Majara 5

Al Majara 5 is a 10-storey residential building in Dubai Marina, a vibrant waterfront community in Dubai, UAE. The tower’s construction started in 2004 and was completed in 2006. It is part of the Al Majara complex that includes five buildings: Al Majara 1 to 5. The building offers luxurious apartments with stunning views of the marina and the Arabian Gulf.

Location and Accessibility

Al Majara 5 is in Dubai Marina, one of Dubai’s most popular and sought-after areas. It is conveniently located close to Sheikh Zayed Road, which provides easy access to other parts of the city. The building is also within walking distance to the Dubai Marina Mall, which features a retail mix of high street fashion brands, al fresco waterfront dining, a supermarket, and a good entertainment offer. The 5-star Address Dubai Marina Hotel is directly linked to the mall.

Developer and Architecture

Al Majara 5 was developed by Emaar Properties, one of the leading real estate developers in the UAE. The building is known for its modern architecture, high-quality finishes, and excellent amenities. The apartments come in 1, 2, 3, and 4-bedroom configurations and feature spacious living areas, large balconies, and floor-to-ceiling windows. The building also offers a range of facilities, including a swimming pool, a fitness center, and 24-hour security.

In summary, Al Majara 5 is a luxurious residential building in Dubai Marina, offering easy access to other parts of the city and excellent amenities. Developed by Emaar Properties, the building features modern architecture, high-quality finishes, and spacious apartments with stunning views of the marina and the Arabian Gulf.

Property Types and Features

Al Majara 5 is a luxurious residential building located in Dubai Marina, offering a variety of apartment types ranging from one to four bedrooms. All apartments are spacious, fully furnished, and boast stunning views of the marina and the Arabian Gulf. The following subsections provide an overview of the apartments and premium facilities available at Al Majara 5.

Apartments Overview

Al Majara 5 offers apartments, including one, two, three, and four-bedroom units. Each apartment has a balcony, providing residents with an outdoor space to enjoy the stunning views of the marina and the city. The fully furnished apartments give residents a comfortable and convenient living experience.

The apartments at Al Majara 5 are also upgraded with high-quality finishes, including marble flooring, granite countertops, and modern appliances. The upgraded features make the apartments more attractive and comfortable for residents.

Premium Facilities

Al Majara 5 offers several premium facilities that enhance residents’ living experience. The building features a state-of-the-art fitness center, a temperature-controlled swimming pool, and a children’s play area. The fitness center is equipped with modern equipment, allowing residents to maintain a healthy lifestyle. The swimming pool is perfect for residents who want to relax and enjoy the stunning views of the marina.

Other premium facilities at Al Majara 5 include 24/7 security, covered parking, and a concierge service. The 24/7 security ensures the safety of residents, while the covered parking provides a convenient parking space for residents. The concierge service is available to assist residents with any needs or inquiries.

In conclusion, Al Majara 5 offers luxurious apartments with stunning views of the marina and the Arabian Gulf. The building provides a variety of apartment types, each with a balcony and upgraded features. The premium facilities available at Al Majara 5 enhance residents’ living experience, making it an ideal place to call home.

Amenities and Lifestyle

Al Majara 5 offers a luxurious lifestyle with various amenities catering to residents’ needs. The tower is located in the vibrant Dubai Marina, offering stunning views of the marina and the Arabian Gulf.

Leisure and Recreation

Residents of Al Majara 5 can enjoy various leisure and recreational activities, including:

• Access to the Marina Beach: The Marina Beach is just a few minutes walk from Al Majara 5, offering residents the perfect spot to relax and soak up the sun.
• Cinema: The Hollywood-style home theatre setting in the tower is perfect for residents who love to watch movies in the comfort of their own homes.

Health and Fitness

For those who prioritize their health and fitness, Al Majara 5 offers the following facilities:

• Gymnasium: The tower has a well-equipped gymnasium open 24 hours a day, seven days a week. It is the perfect place for residents to work out and stay in shape.
• Swimming Pool: The tower has a large swimming pool perfect for residents who love to swim. It is surrounded by landscaped courtyards, providing a relaxing and serene environment.

Amenities

Al Majara 5 offers a range of amenities that make life easier and more convenient for residents. These include:

• Business Center: The tower has a business center that is perfect for residents working from home. It has all the necessary facilities, including high-speed internet, printers, and scanners.
• 24-Hour Security and Concierge: The tower has 24-hour security and concierge services, ensuring that residents feel safe and secure at all times.
• Shopping Areas: There are plenty of shops and amenities within walking distance of Al Majara 5, making it easy for residents to access everything they need without traveling far.

Investment Potential

Al Majara 5 in Dubai Marina presents a promising opportunity for investors looking to expand their property portfolio. This section will discuss the market trends, ROI, and profitability of investing in Al Majara 5.

Market Trends

Dubai Marina is a highly sought-after area in Dubai, known for its luxurious lifestyle and stunning waterfront views. The demand for properties in this area has been consistently high, and Al Majara 5 is no exception. With its prime location and modern amenities, Al Majara 5 attracts local and international buyers.

ROI and Profitability

Investing in Al Majara 5 can yield significant returns on investment. According to Bayut.com, the rental price for 1-bedroom apartments starts at AED 80,000 (USD 22,000), and the ROI level is 7%. Moreover, the property appreciated by 51% in just two and a half years, yielding significant profits for investors.

Here are some key points to consider when evaluating the investment potential of Al Majara 5:

• The average rental yield in Dubai Marina is around 6.3%, making it a profitable investment option.
• The demand for rental properties in Dubai Marina will increase in the coming years, driving up property prices and rental rates.
• Al Majara 5 is a new property development, meaning investors can expect to benefit from capital appreciation as the property value increases over time.

Al Majara 5 presents an attractive investment opportunity for investors looking to expand their property portfolio. With its prime location, modern amenities, and high ROI, it is no surprise that Al Majara 5 is attracting both local and international buyers.

Property Listings and Availability

Current Listings

Al Majara 5 in Dubai Marina is a famous residential building that offers a range of properties for sale. Currently, two available apartments are for sale in the building, per the search results. These apartments are fully furnished and have one and two bedrooms, respectively. The prices of these apartments are AED 2,300,000 and AED 3,750,000.

Notification Services

Several notification services are available for those interested in purchasing a property in Al Majara 5. These services can help potential buyers stay informed about the availability of properties in the building. Some of the notification services available are:

• Get Notified: This service allows interested buyers to receive notifications when a property becomes available for sale in Al Majara 5.
• Get Notified with New Properties: This service provides notifications for new properties that become available for sale in Al Majara 5.
• Just Sold: This service notifies buyers when a property in Al Majara 5 has been sold.
• Similar Option Available: This service notifies buyers when a similar property becomes available in Al Majara 5.

With the availability of notification services and current listings, potential buyers can find a suitable property in Al Majara 5.

Community and Surroundings

Al Majara 5 is located in the vibrant waterfront community of Dubai Marina, known for its luxurious lifestyle, stunning views, and excellent amenities. The tower comprises five high-rise towers of the Al Majara complex.

Nearby Attractions

The residents of Al Majara 5 can enjoy a wide range of attractions and activities in the surrounding area, including:

• JBR: A popular beachfront destination that offers a variety of entertainment and dining options, as well as water sports activities.
• Marina Mall: A premier shopping destination that features a range of high-end fashion brands, restaurants, and entertainment options.
• Dubai Marina Yacht Club: A world-class yacht club that offers a range of facilities and services, including a marina, sailing courses, and social events.

Transport and Mobility

Al Majara 5 is well-connected to the rest of Dubai, with easy access to public transportation and major highways. The tower near the Dubai Metro provides convenient access to the city’s major attractions and business districts.

• Metro: The Dubai Metro is a modern, efficient, affordable way to get around the city. The nearest station to Al Majara 5 is the Dubai Marina Metro Station, just a few minutes walk away.
• Marina Promenade: A scenic waterfront promenade that offers stunning views of the marina and the surrounding area. The promenade is a popular destination for walking, jogging, and cycling.

Overall, Al Majara 5 offers a luxurious and convenient lifestyle in one of Dubai’s most prestigious waterfront communities.

Detailed Specifications

Al Majara 5 in Dubai Marina is a 10-story residential building with a cluster of five other towers known as Al Majara Towers. Different apartment sizes are available, ranging from one to four bedrooms. The building is modern and offers a luxurious lifestyle with high-end amenities.

Interior and Layouts

The interiors of Al Majara 5 are designed with the utmost attention to detail. The apartments have spacious living areas with floor-to-ceiling windows that provide natural light and stunning views of the Dubai Marina. The kitchens are equipped with modern appliances and have ample storage space. The bedrooms are spacious and come with built-in wardrobes.

View and Orientation

Al Majara 5 offers stunning views of the Dubai Marina, with some apartments having a full sea view. The building’s orientation ensures all apartments have ample natural light and cross ventilation. The higher floors offer a panoramic view of the Dubai skyline, while the lower floors provide a serene view of the lake.

The following are some of the specifications of Al Majara 5:

• One to four-bedroom apartments are available
• Floor plans available for all apartment types
• High-end amenities including a swimming pool, gym, and 24-hour security
• Lake view and full sea view available
• Low and high-floor options are available

Overall, Al Majara 5 is an excellent option for those looking for a luxurious lifestyle in the heart of Dubai Marina. The building’s modern design, high-end amenities, and stunning views make it a highly desirable place to live.

Buying and Selling Process

When buying or selling a property in Al Majara 5, Dubai Marina, there are a few essential steps to ensure a smooth and hassle-free process. In this section, we will discuss the documentation, legal requirements, and property authenticity process.

Documentation and Legal

Before buying or selling a property in Al Majara 5, it is essential to have all the necessary documentation. This includes a valid passport, visa, proof of income, and residency. It is also necessary to clearly understand the legal requirements and regulations surrounding property transactions in Dubai.

One of the most important legal documents required for property transactions in Dubai is the No Objection Certificate (NOC). The developer, Emaar Properties, issued this certificate, confirming that the property is free from any outstanding debts or legal disputes. Ensuring that the NOC is obtained before any transactions occur is essential.

Property Authenticity

Ensuring a property’s authenticity is crucial when buying or selling in Al Majara 5, Dubai Marina. This involves verifying the property details and ownership and conducting a thorough inspection to ensure it is in good condition.

To verify a property’s authenticity, working with a reputable real estate agent with experience in the Dubai property market is recommended. The agent can assist with conducting a title search to verify the property ownership and ensure there are no liens or encumbrances on the property.

In addition, it is essential to thoroughly inspect the property to ensure it is in good condition and meets all the necessary standards and regulations. This includes checking the electrical and plumbing systems and the property’s overall condition.

By following these steps and working with a reputable real estate agent, buyers and sellers can ensure a smooth and successful transaction when buying or selling a property in Al Majara 5, Dubai Marina.

Resident Services and Facilities

Al Majara 5 offers various services and facilities to ensure residents’ comfort and convenience. The following subsections will provide an overview of the available services.

Concierge and Security

The concierge team at Al Majara 5 is available 24/7 to assist residents with any queries or requests. They can provide information on local amenities, arrange transportation, and recommend dining and entertainment options. The security team is also on hand to ensure the safety of all residents and their guests. The building has a secure entry system and CCTV cameras throughout the premises.

Maintenance and Upkeep

Al Majara 5 is well-maintained and kept in excellent condition. The building management team ensures that all communal areas are clean and tidy and that any maintenance issues are promptly addressed. Residents can also request assistance with minor repairs and maintenance tasks in their apartments. The building has a team of skilled technicians who can perform repairs and maintenance work to a high standard.

The building also offers the following services:

• Free Wi-Fi in all communal areas
• On-site parking
• Fitness center
• Swimming pool
• Children’s play area
• BBQ area

Overall, Al Majara 5 offers various services and facilities to ensure residents have a comfortable and enjoyable living experience.

Frequently Asked Questions

What are the average rental prices for apartments in Al Majara 5?

• Rental prices for 1-bedroom apartments in Al Majara 5 range from AED 90,000 to AED 120,000 annually.
• 2-bedroom apartments are available for rent from AED 130,000 to AED 180,000 annually.
• The rental prices in Al Majara 5 are comparable to other high-end properties in Dubai Marina.

How does the sale price per square foot in Al Majara 5 compare to other Dubai Marina properties?

• The sale price per square foot in Al Majara 5 is competitive with other luxury developments in Dubai Marina.
• The average sale price per square foot in Al Majara 5 is AED 1,600.

Can you provide details on the floor plans available in Al Majara 5?

• Al Majara 5 offers a range of floor plans, including 1, 2, 3, and 4-bedroom apartments.
• The apartments range in size from 750 to 3,000 square feet.
• Each apartment comes with a balcony and stunning views of the Dubai Marina.

What amenities are offered to residents of Al Majara 5?

• Al Majara 5 offers a range of amenities, including a swimming pool, gym, sauna, and steam room.
• The development also features a children’s play area, a barbecue area, and a 24-hour concierge service.
• Residents of Al Majara 5 have direct access to the Dubai Marina Walk and are within walking distance of the Dubai Marina Mall.

What types of apartments are available for rent in Al Majara 5?

• Al Majara 5 offers a range of apartments for rent, including 1, 2, and 3-bedroom apartments.
• The apartments are spacious and come with high-end finishes and modern appliances.
• Each apartment features a balcony with stunning views of the Dubai Marina.

How does Al Majara 5 fit into the overall landscape of Dubai Marina developments?

• Al Majara 5 is one of the most sought-after developments in Dubai Marina.
• It is located in the heart of the marina and offers stunning views of the water and surrounding area.
• The development is known for its high-end finishes, modern amenities, and convenient location.