Al Majara 3 is a high-rise residential building in Dubai Marina. Developed by Emaar Properties, it was launched in 2004 and completed in 2006. It is part of the Al Majara Towers complex, comprising five buildings.
The tower offers one-, two–, and three-bedroom apartments with stunning views of Dubai Marina. It features 24-hour CCTV security, key card access, covered parking, an indoor kids’ play area, a swimming pool, and a fully equipped gymnasium. The lobby is spacious and welcoming, with a 24-hour front desk to assist residents with any needs.
Al Majara 3 is in Dubai Marina, one of Dubai’s most sought-after locations. The area boasts over 200 skyscrapers, making it one of the city’s most vibrant and cosmopolitan neighborhoods. With its stunning waterfront views, excellent dining and shopping options, and proximity to some of Dubai’s most iconic landmarks, Dubai Marina is a popular destination for tourists and residents alike.
Overview of Al Majara 3
Al Majara 3 is a luxurious residential building in Dubai Marina, one of the most sought-after waterfront communities in Dubai, UAE. Developed by Emaar Properties, it is part of the Al Majara Towers, an apartment complex of five buildings.
Location and Connectivity
Al Majara 3 is in the heart of Dubai Marina, a vibrant and cosmopolitan area offering various leisure, dining, and entertainment options. The building is just a few minutes away from the beach and is surrounded by some of Dubai’s most iconic landmarks, such as the Palm Jumeirah and the Burj Al Arab.
Regarding connectivity, Al Majara 3 is well-connected to the rest of Dubai through major roads and public transportation. The building is just a few minutes from the Dubai Metro and the Dubai Tram, giving quick entry to other parts of the city.
Al Majara Development History
Al Majara 3 was launched in 2004 and completed in 2006. Furthermore, the building has 15 floors and offers a range of luxurious apartments, including one-, two-, and three-bedroom units. Each apartment aims to provide residents with the ultimate living experience, boasting high-end finishes and state-of-the-art amenities.
The Al Majara Towers were developed by Emaar Properties, one of the top real estate developers in the UAE. Emaar Properties is known for developing some of Dubai’s most remarkable landmarks, like the Burj Khalifa and the Dubai Mall.
Al Majara 3 is a luxurious residential building in Dubai Marina, developed by Emaar Properties. The building offers a range of high-end apartments and is well-connected to the rest of Dubai through major roads and public transportation.
Property Details
Apartment Features
Al Majara 3 offers a range of spacious and well-designed apartments in various sizes and layouts, ensuring that there is something for everyone. The apartments are available in both furnished and unfurnished options, allowing residents to choose the option that best suits their needs.
The apartments in Al Majara 3 offer stunning views of the marina, with some offering a complete view. Additionally, the apartments are upgraded and fully upgraded, ensuring residents enjoy a modern and comfortable living experience. The kitchens are well-equipped with modern appliances, making it easy for residents to prepare meals.
Some apartments in Al Majara 3 come with a study, providing residents with a dedicated space to work or study. The apartments also feature a balcony, allowing residents to enjoy the stunning views of the marina.
Building Amenities
Al Majara 3 offers a range of amenities that enhance residents’ living experiences. The building has a swimming pool, gym, and children’s play area, providing locals with great opportunities to stay active and healthy.
In addition, the building features 24-hour security, ensuring residents feel safe and secure. The building has a covered parking area, providing residents with a convenient and secure parking space.
Overall, Al Majara 3 is an excellent choice for those looking for a modern and comfortable living experience in Dubai Marina. With its spacious apartments, stunning views, and excellent amenities, it is a great place to call home.
Available Properties
Apartment Types
Al Majara 3 in Dubai Marina offers various apartment types to fit different needs and tastes. These include 1-bedroom, 2-bedroom, and 3BR+Study apartments. Some apartments also feature rare layouts and large terraces, providing residents more space and privacy.
Current Listings
As of May 25, 2024, several Al Majara 3 apartments are available for sale. These include:
- AED 3,100,000 for a 2-bedroom apartment with a large terrace and full Marina view
- AED 2,057,000 for a 3-bedroom apartment with a rare layout
- Various other apartments with different layouts and sizes
Some of these apartments are currently vacant and available for immediate move-in. Additionally, some of the listings are chiller-free, which means that the air conditioning costs are included in the rent.
It is important to note that the availability and prices of these apartments may change over time. Interested buyers or renters should contact a trusted real estate agent to get the latest data about available properties in Al Majara 3.
Overall, Al Majara 3 offers a variety of apartment types and layouts to suit different needs and preferences. Its prime location in Dubai Marina and various amenities make it an attractive choice for those seeking a comfortable and convenient place to call home.
Price Trends and ROI
Al Majara 3 is a luxurious waterfront residential tower in the heart of Dubai Marina. The tower offers stunning views of the marina and features a range of amenities for its residents. In this section, we will discuss the price trends and ROI of Al Majara 3.
Historical Prices
According to the search results, the market trends for Al Majara 3 have been positive in recent years, with a steady increase in property values. The property’s kind, size, and location within Al Majara 3 can all affect the ROI. View Historical Prices and compare them to current prices to better understand the price trends.
Investment Potential
The purchase of a residence in Al Majara 3 can be a lucrative investment. With an average price per square foot of AED 2,000 in Dubai Marina, Al Majara 3 is a more reasonably priced choice for buyers. The rental price for 1-bedroom apartments starts from AED 80,000 (USD 22,000), and the ROI reaches 7%.
Investors can use the Dubai Price Map to compare the prices of properties in different areas of Dubai and make informed decisions. Yearly analysis of the prices can also help investors anticipate future trends and make investment decisions accordingly.
In conclusion, Al Majara 3 offers excellent investment potential with its location, amenities, and reasonable prices. It is an excellent choice for those who want to invest in Dubai’s real estate market.
Community and Lifestyle
Al Majara 3 is a luxurious residential building located in Dubai Marina. It offers its residents a vibrant and upscale lifestyle. The community is famous for its stunning waterfront views and many amenities catering to all age groups.
Local Amenities
Al Majara 3 offers its residents several facilities, including a fully equipped gym, a large swimming pool, and a children’s play area. The building also has covered parking, elevators, and 24-hour security to ensure residents’ safety and convenience.
The Marina Beach is just a short walk from Al Majara 3, providing residents easy entry to the stunning sandy beaches and crystal-clear waters. The Emirates Golf Club is also nearby, offering a world-class golfing experience to golf enthusiasts.
Neighborhood Insights
The neighborhood surrounding Al Majara 3 is bustling with activity and entertainment options. The Reel Cinemas and Dubai Marina Mall are only a short drive away, offering residents various shopping and entertainment options.
The Walk, a popular pedestrianized promenade, is also nearby and offers various dining and entertainment options. The Dubai Marina Yacht Club is another popular attraction in the area, offering a range of water sports and activities.
Overall, Al Majara 3 offers its residents a luxurious and convenient lifestyle, with a range of amenities and entertainment options available in the surrounding neighborhood.
Buying and Selling Process
Property Inspection
Before buying or selling an apartment in Al Majara 3, it is essential to inspect the property thoroughly. The inspection should include checking the apartment’s condition, such as the walls, floors, ceilings, and fixtures. The buyer or seller should also inspect the building’s common areas, including the elevators, parking, and swimming pool.
You should hire a professional investigator to conduct the inspection. The inspector should provide a detailed report of any issues found during the inspection. This report can be used to negotiate the price or request repairs before the sale.
Ownership Transfer
The ownership transfer process for buying or selling an apartment in Al Majara 3 involves several steps. First, the buyer and seller must agree on the terms of the sale, like the price and any conditions.
Then, the buyer must obtain mortgage approval, if necessary, and pay a deposit. The seller must provide all the required documents, such as the title deed, NOC from the developer, and service charge clearance certificate.
Once the terms are agreed upon and all documents are in order, the ownership transfer can occur. The purchaser and seller must sign the transfer agreement in the presence of a notary public. The buyer must pay the remaining balance, and the seller must hand over the keys and other agreed-upon items.
Hiring a real estate agent to help with the buying or selling process is advisable. The agent can provide guidance on market trends, negotiate on behalf of the buyer or vendor, and handle the paperwork.
Overall, buying or selling an apartment in Al Majara 3 can be a smooth process if the buyer and seller follow the necessary steps and obtain professional assistance when needed.
Property Management and Services
Maintenance
Al Majara 3 is a well-maintained residential building in Dubai Marina, managed by Emaar Properties. The property management team ensures that the building is always in top-notch condition. They offer severalmaintenance services to the residents, which include regular cleaning of common areas, landscaping, and upkeep of amenities such as the swimming pool and gym. The team is available 24/7 to tackle any maintenance issues that the residents may have.
Tenant Services
Emaar Properties offers a range of tenant services to the residents of Al Majara 3. They provide a dedicated team to assist with any queries or concerns the residents may have. The team is available round the clock to ensure that the residents are always comfortable and satisfied with their living experience. In addition, the residents can also avail of services such as cleaning and laundry, which third-party vendors provide.
Residents of Al Majara 3 can also be notified when new properties become available for rent or sale in the building. They can register with the property management team to get notifications about new listings that match their preferences. This is a convenient way for residents to stay updated about the real estate market in Dubai Marina.
In conclusion, Al Majara 3 offers a range of property management and tenant services to ensure residents have a comfortable and hassle-free living experience. The property management team is always available to tackle any concerns that the residents may have and strives to maintain the building to the highest standards.
Resident Reviews and Ratings
Al Majara 3 has received high ratings and positive reviews from its residents. The building has a rating of 5 out of 5 on Property Finder, with residents giving it a perfect score in all categories, including maintenance, staff/security, gym/pool, children friendliness, and noise.
On FlatReviews.com, Al Majara Towers received an overall rating of 3.9 out of 5 depending on seven reviews. Residents should consider several factors: view, finishing, layout, noise levels, and traffic. The building received positive reviews for its location, amenities, and maintenance, while some residents complained about the lack of parking spaces.
According to the community insights on Property Finder, Dubai Marina has an overall rating of 3.9 out of 5 based on 1,013 building reviews. The community is praised for its prime location, proximity to the beach, and stunning marina views. However, some residents noted that the area can be noisy and busy, especially at peak hours.
Overall, residents of Al Majara 3 are satisfied with the building’s amenities, maintenance, and location. The high ratings and positive reviews are a proof to the quality of life the building provides.
Comparative Analysis
Similar Properties in Dubai Marina
Dubai Marina has several luxury residential properties, and Al Majara 3 is no exception. Similar properties in the area include Al Majara 1 and Al Majara 5. Al Majara 1 is a 30-story tower with 1, 2, and 3-bedroom apartments, while Al Majara 5 is a 35-story tower with 1, 2, and 3-bedroom apartments. Both properties offer luxurious amenities and stunning views of the Dubai Marina.
Market Competitiveness
Compared to other properties in the Dubai Marina area, Al Majara 3 is competitively priced. According to recent data, 2-bedroom apartments in Al Majara 3 are rented at an average of AED 150,000 annually. This price is similar to other luxury properties in the area, such as The Torch and The Address Dubai Marina.
However, Al Majara 3 stands out for its prime location and stunning marina views. The building is in the heart of Dubai Marina, with easy access to restaurants, cafes, and entertainment options. The apartments offer large balconies with views of the marina, making it a highly sought-after property.
Nearby Communities
Several other luxury residential communities in Dubai Marina surround Al Majara 3. Jumeirah Beach Residence is the most significant residential quarter in the world, with 35 towers that can house up to 15,000 people. Nearby communities include Marina Quays, Marina Promenade, and The Address Dubai Marina.
Comparison
When compared to similar properties in Dubai Marina, Al Majara 3 stands out for its prime location and stunning marina views. The building offers luxurious amenities and spacious apartments, making it a highly sought-after property. While the price is competitive, the location and views make it a worthwhile investment for people seeking a lavish lifestyle in Dubai.
Legal and Regulatory Considerations
When purchasing property in Al Majara 3, Dubai Marina, several legal and regulatory considerations must be considered. These considerations are essential for those unfamiliar with the legal system of the United Arab Emirates (UAE).
The registration process is one of the most important things to consider when purchasing property in Al Majara 3. All property transactions in Dubai must be registered with the Dubai Land Department (DLD). This process involves paying a registration fee, typically 4% of the property’s purchase price, and providing various documents, such as a copy of the buyer’s passport and a no-objection certificate from the developer.
Another important consideration is the role of the Real Estate Regulatory Agency (RERA). RERA runs the real estate industry in Dubai and ensures that developers and real estate agents comply with the law. Buyers should ensure that the developer and real estate agent they are dealing with are registered with RERA.
Buyers should also be aware of the various laws and regulations that apply to property ownership in the UAE. For example, non-UAE nationals are typically not allowed to own land in the UAE but can own property in designated areas such as Dubai Marina. Additionally, there are restrictions on the use of property, such as restrictions on subletting and short-term rentals.
Finally, buyers should know the various fees and taxes associated with property ownership in Dubai. These include service charges, which cover the cost of maintaining the building and common areas, and municipality fees, typically 5% of the property’s annual rental value.
Overall, buyers should take the time to familiarize themselves with the legal and regulatory considerations involved in purchasing property in Al Majara 3, Dubai Marina. By doing so, they can ensure a smooth and hassle-free transaction.
Future Developments and Projects
Dubai Marina has been continuously developing since the early 2000s. The area is home to many high-rise residential and mixed-use buildings, with an average height of 820 ft (250m) to 984 ft (300m). The highest building in the district is the Pentominium, which reaches a height of at least 1.693 ft (516m). The Cayan Tower is another noteworthy feature in the region, a twisting 80-story building whose height is 1.0004 ft (306m).
Emaar Properties is the developer behind Al Majara 3, a project near DAMAC Properties Metro Station in Al Majara, Dubai. The project comprises several high-rise waterfront buildings overlooking Dubai Marina. The development houses a total of 1,100 apartments, with amenities such as a 15,000 sq ft super resort spa and fitness club, a gymnasium, a Hollywood-style home-theatre setting, game rooms, outdoor terraces with swimming pool, a business center, guest suites, elegantly landscaped courtyards, private gardens, and 24-hour security.
Several other exciting projects and developments can redefine Dubai Marina in the years to come. One such project is Bluewaters Island, which will become the future of entertainment in the area. The island will feature a mix of residential, retail, hospitality, and entertainment options, including the world’s largest Ferris wheel, Ain Dubai.
Overall, Dubai Marina is a constantly evolving district, with new developments and projects announced regularly. It is a prime location for luxurious waterfront living with easy access to some of Dubai’s most popular attractions.
Contact Information
For those interested in Al Majara 3, Dubai Marina, there are several ways to get in touch and learn more about the property. Here are some helpful contact details:
- Developer: Al Majara 3 was developed by Emaar Properties, one of the most extensive real estate developers in the UAE. To learn more about the company and its other projects, visit their website or contact them directly at [insert contact details here].
- Real Estate Agent: If you’re interested in purchasing or renting a unit in Al Majara 3, working with a reliable real estate representative with experience in the Dubai Marina area is recommended. They can provide you with more information about the property, schedule viewings, and guide you through the buying or renting process. Take this opportunity to own or rent a luxurious waterfront unit in Dubai Marina.
- Get Notified: To stay up-to-date on any new listings or developments related to Al Majara 3, sign up for notifications from reputable real estate websites or portals. This will ensure you’re always in the loop and take advantage of all opportunities to purchase or rent a unit in this highly sought-after building.
In summary, there are several ways to learn more about Al Majara 3, Dubai Marina. Whether you contact the developer directly, work with a real estate agent, or sign up for notifications, you must stay informed and act quickly to secure your dream home in this luxurious waterfront community.
Explore IDX Solutions with Dubai MLS
IDX, or Internet Data Exchange, serves as the foundation of collaborative real estate practices, allowing industry members to share and display property listings on their own websites. Let’s go deeper into the aspects of IDX and how they affect the real estate environment.
Frequently Asked Questions
What is the average rental cost for an apartment in Al Majara 3?
As of March 2024, the average rental price for a one-bedroom apartment in Al Majara 3 is around AED 90,000 annually. However, rental prices may vary based on the apartment size, view, and floor level.
Are there apartments for sale in Al Majara 3, and what are their price ranges?
Yes, there are apartments for sale in Al Majara 3. The price range changes depending on the size, view, and floor level. Interested buyers can contact a reputable real estate agent to get a quote.
Can I find the floor plans for Al Majara’s three residences online?
Yes, floor plans for Al Majara 3 residences are available online. Moreover, interested parties can visit the Bayut website to view 2D and 3D floor plans for the various apartment types available in Al Majara 3.
What amenities are available to residents of Al Majara 3?
Residents of Al Majara 3 have access to various amenities, such as a swimming pool, a gym, a children’s play area, and 24-hour security. The tower is also located in Dubai Marina, a luxurious waterfront community that offers a wide range of dining, shopping, and entertainment options.
How does Al Majara 3 compare to other residential towers in Dubai Marina?
Al Majara 3 is one of the five towers of the Al Majara Towers complex, known for its luxurious waterfront living experience. The tower offers spacious apartments with stunning views of the marina and easy access to various amenities. Al Majara 3 is considered a high-end option compared to other residential buildings in Dubai Marina.
What public transportation options are accessible from Al Majara 3?
Residents of Al Majara 3 can access public transportation options such as the Dubai Metro, which has a station in Dubai Marina, and the Dubai Tram, which runs along the marina. In addition, taxis and ride-sharing services are readily available in the area.
