Marina Spirit
About Marina Spirit
(sq. ft.)
Marina Spirit is a 40-storey residential complex located on Al Reem Island in Abu Dhabi. The project was developed by Hydra Properties and constructed between 2008 and 2011. The complex consists of two towers offering spectacular views of the Arabian Gulf. The buildings feature a dynamic style, as well as restrained sophistication for the interior design.
There are a total of 360 fully equipped apartments, which vary in configuration. Units have an average size of 120 sq. m (1,300 sq. ft) and come with modern Smart Home systems. Properties have a minimum price of AED 1,125,000 (USD 303,750).
*The price is valid for 2021
The building provides a variety of amenities and services, including:
- Parking
- Reception area
- Concierge services
- Fitness centre
- Children’s play area
- Security with video surveillance
- Retail stores, entertainment facilities, and park
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Property Information
- Location Al Reem Island, Abu-Dhabi, UAE
- Status of Project Ready
- Type of Project Residential Tower
- Area from 1,300 sq. ft.
- Total Amout of Units 360
Location
Al Reem Island is now considered one of the most promising areas of Abu Dhabi. Its territory is actively built up and the demand for real estate remains high.
Marina Spirit is located near several grocery stores, including:
- Shams BOUTIK Mall
- Zoom
- Carrefour Market
- Al Maya
- Geant
For medical services, residents can go to Cleveland Clinic Abu Dhabi and NMC Specialty Hospital, which can be reached within a 10-minute drive of the complex.
The island is home to respectable educational institutions, including Hummingbird Nursery, Repton School Abu Dhabi, and Mosaic Nursery.
Residents can enjoy a wide range of local restaurants and cafes situated within a 10-minute walk of the towers. The most popular dining establishments are Natural Kitchen, Doner & Gyros, and Buffalo Wings and Rings.
Al Reem Island is connected to the mainland by two highways, and an additional road is currently under construction. The vast majority of buses operate on routes within the island, so residents have easy access to other areas.
Payback
Marina Spirit offers many profitable real estate investment opportunities. Annual rental rates for an apartment in the complex start at AED 75,000 (USD 20,250).
Investors are attracted to Al Reem Island because of the high return rates on properties, which range from 6% to 6.5%. In the past, rates have fluctuated between 4.2% and 8%. The payback period for an apartment at Marina Spirit ranges from 15 to 16 years.
*The price is valid for 2021
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