{"id":50225,"date":"2017-03-30T19:38:22","date_gmt":"2017-03-30T12:38:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=50225"},"modified":"2017-03-30T17:40:32","modified_gmt":"2017-03-30T10:40:32","slug":"marina-gate-apartments-in-dubai-dazzle-once-the-dust-clears","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marina-gate-apartments-in-dubai-dazzle-once-the-dust-clears\/","title":{"rendered":"Marina Gate apartments in Dubai dazzle once the dust clears"},"content":{"rendered":"


\nStepping out of the noise and dust of the massive construction site forming Marina Gate in Dubai Marina and into a completed and furnished one-bedroom apartment is a disconcerting experience.Just a few minutes earlier, clad in regulation hard hats and high-vis jackets, we were slowly climbing in a cage-like construction hoist, surrounded by labourers.The next minute, we’re walking down a fully completed tiled corridor and then we’re standing inside an immaculately furnished, air-conditioned, water-facing luxury apartment, hurriedly removing our hard hats and wiping our dusty shoes on the doormat.With the 51-storey Tower One at Marina Gate due to be completed this autumn, developer Select Group is keen to show visitors around what is one of the last major development sites fronting Dubai Marina.The three-tower development, which is located at the Media City end of Dubai Marina close to Cayan Tower and the Torch, is being completed in three stages with the 64-storey Tower Two due to be finished next year and the 53-storey, currently just a hole in the ground, expected to complete in 2019.Inside, the most striking thing about the Marina-facing apartment is the view, with the apartment designed so that residents get a full view of the boats on the water and the twinkling lights of the towers from the lounge, bedroom and bathroom.However, anyone concerned about the transparent glass giving other Marina visitors a view from within their apartments should invest in a full set of drapes, especially before taking a bath in the free-standing tub.Prices for a 780 to 800 square foot one-bedroom apartment in Marina Gate 1 currently stand at about Dh1.35 million.The developer Select Group is now heav\u00adily marketing the 389 so-called “branded” apartments in its Marina Gate 3 development, which will be built alongside 104 hotel apartments operated by Jumeirah Living.These apartments typically cost 10 per cent more per square foot than the flats in the first two towers. For that premium, Select Group says buyers will get nicer finishes and better appliances.Q&A: Rahail Aslam, chief executive of Select Group:How much have apartment prices in Marina Gate fallen since the latest slump?Our prices haven’t fallen in the entire project. Yes, we’re aware of what is happening in the market. Yes, the market has been suffering in terms of prices, but it has not affected ours or our absorption rate or our bottom line. Last month we had a great month in Marina Gate. We plan our budget to sell 30 to 40 units a month and we usually reach about that amount.What type of property is selling best?In Marina Gate 1 and 2 the units that were priced at Dh2,500 or Dh2,600 per square foot but were facing the Mar\u00adina were the first units to sell. We’ve got stock that was at Dh1,800 or Dh1,700 per sq ft, which are exactly the same quality and the same type of units but without the Marina view. And these sales have been during this difficult time when prices have fallen for some types of property and absorption rates have fallen for some projects.Who are you selling to?Our investor base is really wide, we sell to more than 100 nation\u00adalities. Emiratis, Indians, Pakistanis, Brits, GCC. We had had a lot of Saudis buying, but that has slowed down now because of energy prices. Brits haven’t been a large component of our sales since we’ve had a strong dollar. We have got Scandinavians, South Americans, Egyptians – there’s still a real cross-section of buyers.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Marina Gate apartments in Dubai dazzle once the dust clears<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stepping out of the noise and dust of the massive construction site forming Marina Gate...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-50225","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-d45","jetpack-related-posts":[{"id":3680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stay-grounded-with-this-rare-dubai-marina-duplex\/","url_meta":{"origin":50225,"position":0},"title":"Stay grounded with this rare Dubai Marina duplex","date":"February 4, 2016","format":false,"excerpt":"\r \r While Dubai apartment buyers generally find their chosen investment at the higher end of the spectrum, there are properties to be found at less heady heights.For this tower, Azure, in Dubai Marina is only five storeys high, one of just a few low-rise freehold residential buildings located in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50227,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/life-on-the-dubai-marina-starting-at-dh1-3-million-in-pictures\/","url_meta":{"origin":50225,"position":1},"title":"Life on the Dubai Marina, starting at Dh1.3 million – in pictures","date":"March 30, 2017","format":false,"excerpt":"\r With the 51-storey Tower One at Marina Gate due to be completed this autumn, developer Select Group is keen to show visitors around what is one of the last major development sites fronting Dubai Marina.Body: The three-tower development, which is located at the Media City end of Dubai Marina\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-marina-location-without-the-stairs-for-dh11-5m\/","url_meta":{"origin":50225,"position":2},"title":"Dubai Marina location without the stairs for Dh11.5m","date":"November 24, 2016","format":false,"excerpt":"\r Known as a city in which penthouse living is very much in vogue, Dubai's urbanites have traditionally been drawn towards the tallest towers with the finest city views.But high profile building fires such as a blaze which engulfed the Address Downtown Dubai tower on New Year's Eve last year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh14-million-cayan-tower-penthouse-in-dubai-comes-with-a-twist-in-pictures\/","url_meta":{"origin":50225,"position":3},"title":"Dh14 million Cayan Tower penthouse in Dubai comes with a twist – in pictures","date":"July 21, 2016","format":false,"excerpt":"\r If you want to live somewhere that few others can match, then this penthouse in Dubai's Cayan Tower is truly unique. Because when the building was completed in June 2013, this apartment did not exist. It is actually five separate apartments, which the owner was given permission to fuse\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-floors-of-luxury-for-dh22-5m-in-the-dubai-marina-in-pictures\/","url_meta":{"origin":50225,"position":4},"title":"Three floors of luxury for Dh22.5m in the Dubai Marina – in pictures","date":"June 9, 2017","format":false,"excerpt":"\r Relaxing in their new private outdoor Jacuzzi, the new owners of this penthouse in Dubai could be forgiven for thinking that they had made it.The 9,365 square foot, triple-floor apartment located at the top of Marinascape Avant Tower in Dubai Marina includes four terraces, a private infinity pool and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/massive-fire-breaks-out-in-dubai-marina-tower\/","url_meta":{"origin":50225,"position":5},"title":"Massive fire breaks out in Dubai Marina tower","date":"May 13, 2018","format":false,"excerpt":"\r Dubai Civil Defence personnel have been dispatched to the Dubai Marina tower fire\r \r Source : arabianbusiness.com\r Read more...Massive fire breaks out in Dubai Marina tower","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50225"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=50225"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50225\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=50225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=50225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=50225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}