Marina Bay is a hotel complex with both townhouses and apartments with 1-3 bedrooms. The complex is located on Al Reem Island in Abu Dhabi and is a multifunctional 25-storey building overlooking the waterfront and the canal. The developer of the project is Damac Properties.
On the first floor of the building are retail spaces and a lobby, with the following amenities available to the tenants within the complex:
All apartments have double-glazed windows and kitchens are equipped with built-in cabinets, countertops, a refrigerator, stove and a cooker hood. A washing machine and dryer is also provided within each residence.
Apartments in the Marina Bay range in size from 510 sq. ft to 1,663 sq. ft (47 sq. m-154 sq. m). Property prices start from AED 450,000 (USD 122,500) and go up to AED 2,200,000 (USD 599,000) depending on the number of bedrooms.
Marina Bay Hotel Complex is located within the Najmat Community on Al Reem Island. This island is located 600 meters from the north-west coast of Abu Dhabi and houses many residential and commercial properties, as well as schools, hotels, parks, etc.
The area provides a good public transportation system as bus stops are within walking distance of the complex. In 15 minutes’ you can reach the city center.
Shams Boutique and Galleria shopping centers are 10-15 minutes’ from the apartments.
Just 15 minutes’ from Marina Bay are several world-class medical facilities, including NMC Specialty Hospital and Cleveland Clinic.
Al Reem Island is home to many nurseries and schools such as Mosaic Nursery, Hummingbird Nursery, Playhouse Nursery and Repton School. In the central part of the island there is also the Paris-Sorbonne University.
Real estate on the island of Al Reem today is considered one of the best options for buying and renting. The most profitable options are considered to be apartments with one bedroom. Rental prices start from AED 42,000 (USD 11,500) and reach AED 115,000 (USD 31,300). Owners of apartments in Marina Bay can expect a profit margin of 5-9%.
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