Marriott Residences Dubai Business Bay by Fortune 5 Property Development LLC

Marriott Residences Dubai Business Bay by Fortune 5 Property Development LLC is an elite complex located in the Business Bay area, with real estate serviced by the Marriott International network. The project offers a collection of 138 apartments with 1-2 bedrooms available for purchase. Interested investors can also purchase an entire floor.

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$ 408 000
Starting price
Q4 2024
Completion
40/60
Payment Plan
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About the Project

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collection of branded apartments

Marriott Residences Dubai Business Bay

Marriott Residences Dubai Business Bay by Fortune 5 Property Development LLC is an amazing project featuring a collection of branded apartments and world-class service. After completion of construction works in the fourth quarter of 2024, the residences will be managed by Marriott International. The international company headquartered in the US owns a network of luxury hotels worldwide and is considered one of the leaders in the hospitality industry.

The premium 15-story complex offers for sale 138 stylish apartments with 1-2 bedrooms. Branded residences are offered with an area ranging from 63 sq. m to 217 sq. m. Interested investors can buy a whole floor in the complex.

All apartments will include at least one balcony and a kitchen equipped with modern appliances. The residences are offered for sale with built-in wardrobes in the bedrooms. Two-bedroom apartments will additionally feature a laundry room and a second balcony.

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Get a free PDF file with a full description of the project, as well as photos of the interior, location, master plan and other information

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Key Benefits

As a bonus for owners, a free Marriott Bonvoy loyalty program membership card is included. It is valid in all hotels of the network. With it, you can use free Wi-Fi, mobile registration, receive a gift from the hotel, bonus points, and much more.

  • pool
  • BBQ areas
  • conference room
  • media room
  • lounge
  • indoor and outdoor gym
  • restaurant and café
  • in-residence dining
  • Marriott Bonvoy loyalty card
  • learn more

Future residents of Marriott Residences Dubai Business Bay will be offered a wide range of premium services and amenities located on the ground floor and podium level. These include:

  • 24-hour concierge service;
  • valet assistance;
  • driver;
  • swimming pool;
  • barbecue areas;
  • conference room;
  • media room;
  • sauna;
  • spacious lounge;
  • indoor and outdoor gym;
  • on-site restaurant and café;
  • delivery of meals from complex restaurants straight to the apartments.

According to the information provided by the developer, in May 2023, the cost of one-bedroom apartments in the Marriott Residences Dubai Business Bay complex starts from AED 1.5 million (USD 408,000). A two-bedroom option can be purchased at a price starting from AED 2.4 million (USD 654,000). The cost of a whole floor starts at AED 20 million (USD 5.4 million).

Infrastructure

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The Marriott Residences Dubai Business Bay complex will be located in the prestigious and in-demand location of Business Bay. This area is considered one of the most sought-after in the emirate, in part due to its well-developed infrastructure. There are many restaurants, bars, and cafes located near the complex.

You can have dinner with your family or friends at one of the establishments near the complex, such as Alphorn Restaurant, Long Teng Seafood Restaurant, or Roll and Bubble. Within a 5-10 minute drive, there are many locations for relaxation and entertainment: Safa Park, Bay Avenue Park, South Ridge Park, Bay Avenue Mall, Dubai Water Canal Walk, and others.

The transportation system is also developed. Avanti Tower bus stop is a five-minute walk from the complex. Marasi Marine Transport Station is a 10-minute walk away.

Families with children can choose one of the numerous educational institutions in Business Bay and nearby areas. Within a 5-10 minute drive from the project, there are: Mahra’s School, Towheed International School, Dubai International School, Chubby Cheeks Nursery Business Bay Al Quoz, Canadian Kids Nursery, Kids First Group, and others.

If necessary, there are a large number of medical institutions in the area. You can contact Medilife Air Ambulance, Nexhold Medical Supply LLC, Alleanza Healthcare LLC. They are also located within a 5-10 minute drive.

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Floor plans

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Location

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5-15 minutes

Burj Khalifa, Dubai Mall, Ras Al Khor Wildlife Sanctuary, DIFC, Museum of The Future, City Walk

20-30 minutes

Palm Jumeirah, Dubai Marina, Dubai International Airport (DXB)

The new Marriott Residences Dubai Business Bay complex will be located just a few minutes from the Al Asayel Street exit. It will take less than five minutes to get to Al Khail Road via this street and quickly reach any district of the emirate.

The drive to Dubai Mall and other popular locations in Downtown Dubai will take just over 10 minutes. It will take 10-15 minutes by car to get to Ras Al Khor Wildlife Sanctuary, City Walk pedestrian quarter, and Museum of The Future. The trip to Dubai International Airport (DXB) will take 20-25 minutes. The same amount of time is required to reach popular locations in Dubai Marina and Palm Jumeirah districts.

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advantageous investment asset

Economic attractiveness

Marriott Residences Dubai Business Bay, with premium amenities and services from Marriott International, will be an excellent option for employees of local offices, businessmen, and young families. All necessary infrastructure facilities are available near the project - cultural attractions, educational institutions, medical facilities, etc.

The project is currently in the off-plan stage. Completion of the construction of Marriott Residences Dubai Business Bay is planned at the end of 2024. Currently, you can take advantage of a favorable installment plan from the developer with a 40/60 payment plan. Purchasing apartments in the complex will become a profitable investment asset. Currently, the average rental cost for similar properties in Business Bay is AED 90,000 (USD 25,000), and ROI is 5.8%.

UAE residency visa

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Foreign investors, when buying apartments, have the opportunity to obtain a residence visa in the UAE. It can only be issued after the completion of construction. The first type of visa can be obtained when buying apartments worth more than AED 750,000 (USD 204,000). You can obtain a 10-year "Golden Visa" for yourself and your family if the value of the purchased real estate exceeds AED 2 million (USD 545,000).

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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