Princess Tower, located in Dubai Marina, is a 101-story residential skyscraper and one of the most iconic buildings in Dubai’s skyline. The tower was developed by Tameer Holdings and completed in 2012. It stands at a height of 413.4 meters (1,356 feet) and comprises 763 residential units, ranging from one- to three-bedroom apartments to exclusive penthouses and duplexes.
As of September 2022, Princess Tower is the third-tallest building in Dubai, after the Burj Khalifa and Marina 101, and the 36th highest building in the world. Princess Tower was the highest residential building in the world from 2012 to 2015 before being surpassed by 432 Park Avenue in New York City. The tower has scenic views of the Arabian Gulf, the Dubai Marina, and the Palm Jumeirah, making it a popular choice for residents and tourists alike.
Princess Tower’s location in Dubai Marina offers locals a lavish lifestyle with access to world-class amenities, including shopping malls, restaurants, cafes, and entertainment venues. The tower’s design incorporates modern architecture and state-of-the-art technology, symbolizing Dubai’s progress and innovation. Whether you’re looking for a permanent residence or a short-term rental, Princess Tower is a top choice for those seeking luxury living in the heart of Dubai.
Overview of Princess Tower
Princess Tower is a postmodern supertall skyscraper located in Dubai’s prestigious Dubai Marina district. It is a 101-floor residential-only building completed by the Arabian Construction Company in 2012. Eng designs the tower. Adnan Saffarini is known for his innovative and sustainable designs.
Design and Architecture
The Princess Tower’s design combines modern and classic architecture, focusing on functionality and aesthetics. The tower’s exterior is characterized by its sleek, streamlined design, complemented by its glass facade. The tower’s shape is also unique, with a triangular footprint that gradually narrows as it rises to its peak.
The tower has 500 residential units, ranging from one- to three-bedroom apartments to exclusive penthouses and duplexes. Each unit aims to maximize space and provide locals with astonishing views of the surrounding area.
Developer Information
Princess Tower was developed by Tameer Holding Investment, a Dubai-based real estate developer famous for its innovative and sustainable projects. Tameer Holdings has a reputation for delivering high-quality projects that meet the requirements of its clients and the community.
The Council on Tall Buildings and Urban Habitat (CTBUH), a non-profit organization that sets standards for tall buildings worldwide, oversees the tower’s construction. In September 2022, the CTBUH recognized Princess Tower as the third-tallest residential building in the world.
In conclusion, Princess Tower is a testament to Eng. Adnan Saffarini’s innovative and sustainable designs and Tameer Holdings’ commitment to delivering high-quality projects that meet the needs of its clients and the community.
Location and Accessibility
Princess Tower is located in Dubai Marina, one of the Emirate’s most exclusive and prestigious districts. The tower’s location is convenient for residents to get to and from critical points in the city, as it is accessible by main Dubai highways. The tower’s location map in Dubai Marina is shown below:
Dubai Marina: One of the most exclusive and elite districts in the Emirate
Palm Jumeirah: An artificial island off the coast of Dubai
Dubai Marina Mall: A shopping center located in Dubai Marina
JBR: A beachfront community located in Dubai Marina
Dubai Metro: A rapid transit system in Dubai
Marina Walk: A famous waterfront promenade in Dubai Marina
Residents of Princess Tower can enjoy easy access to Dubai’s major landmarks and attractions, such as the Dubai Marina Mall, Palm Jumeirah, and JBR. The tower is also conveniently located near the Dubai Metro, which provides quick and easy access to other parts of the city.
Overall, Princess Tower’s location in Dubai Marina offers its residents a convenient and lavish lifestyle, with easy admission to shopping, dining, and entertainment options.
Residential Units
Princess Tower offers a wide range of residential units catering to its residents’ diverse needs. Additionally, the tower boasts 763 residential units, including studio apartments, one—, two-, and three-bedroom apartments, penthouses, and duplexes. Moreover, each unit is designed with elegance and sophistication, ensuring maximum comfort and luxury.
Unit Features and Amenities
The residential units in Princess Tower feature top-of-the-line features and amenities to guarantee a relaxing and convenient living experience. Each unit has a fully equipped kitchen, high-quality appliances, built-in wardrobes, and spacious balconies that offer stunning views of the Dubai Marina. The apartments also have central air conditioning, high-speed internet, and cable TV connections.
Building Facilities
Residents of Princess Tower can enjoy a wide range of building facilities that cater to their leisure and fitness needs. The tower features a state-of-the-art gymnasium, a sauna, a steam room, and indoor and outdoor swimming pools. The building also features a spa, a play area for children, and parking facilities for residents and visitors. The building has high-speed elevators and CCTV cameras for maximum security.
In addition to the building facilities, Princess Tower also features retail outlets and waterfront dining options that offer several cuisines to cater to the diverse tastes of its locals. The tower is also located near several restaurants and cafes, making it an ideal place for those who love to dine out.
Overall, the residential units in Princess Tower offer a luxurious and comfortable living experience, with top-of-the-line features and amenities that serve the diverse needs of its locals.
Investment Potential
Princess Tower, Dubai Marina, is an iconic skyscraper offering potential buyers a wide range of investment opportunities. Here are some key points to consider:
- Investment: The Princess Tower is one of the most sought-after properties in Dubai Marina, making it a prime real estate investment opportunity. With its modern design, luxurious amenities, and prime location, it is a great investment for anyone looking to buy property in Dubai.
- Return on Investment: The cap rate (rental yield) of investments in the Princess Tower project is 7.3% on average, making it an attractive investment option. Investors can earn up to 6.46% return on investment in Princess Tower. The value of ROI can vary depending on the property’s size, location, amenities nearby, and changes in the market.
- Real Estate Agencies: Several real estate agencies specialize in selling properties in Princess Tower, Dubai Marina. These agencies can help buyers find the perfect property that meets their certain needs and budget. Some top agencies dealing with Princess Tower include Bayut, Arbat Real Estate Brokers LLC, and Propsearch. Ae.
- World Record: The Princess Tower held the title of the world’s tallest residential building from 2012 until 2015 when 432 Park Avenue in New York City passed it by. However, it remains one of the tallest residential buildings in the world and an iconic landmark in Dubai.
- For Sale: Several apartments are available in Princess Tower, Dubai Marina. On average, an apartment in Princess Tower costs 14,770 AED/sqm. The price of a one-bedroom apartment in Princess Tower is 1,150,000 AED or 14,323 AED/sqm. The price of a two-bedroom apartment in Princess Tower is 1,826,667 AED or 16,038 AED/sqm. The price of a three-bedroom apartment in Princess Tower is 2,700,000 AED or 14,432. These prices can differ based on the size and location of the apartment.
Overall, the Princess Tower is a great investment opportunity for anyone buying property in Dubai. With its prime location, luxurious amenities, and modern design, it is sure to attract buyers worldwide.
Amenities and Lifestyle
Princess Tower is more than just a residential building. It offers a range of amenities and lifestyle options that cater to the needs of its residents. Here are some of the features that make Princess Tower a great place to live:
- Fitness: Princess Tower has two state-of-the-art fitness centers with the latest equipment. These gyms offer various exercise options, including cardio machines, weight machines, and free weights. Residents can work out at any time of day, as the gyms are open 24/7.
- Observation Deck: The tower has an observation set on the 97th floor that offers panoramic views of the Dubai Marina and the surrounding area. It’s a great place to enjoy the sights and the stunning skyline.
- Entertainment: Princess Tower has a dedicated entertainment area with a cinema room, a games room, and a children’s play area. These spaces are perfect for families and provide children with a fun and safe environment.
- Supermarket: The tower has a supermarket on the ground floor that offers various groceries and household items. This makes it convenient for residents to do their shopping without having to leave the building.
Princess Tower offers a luxurious lifestyle unmatched in Dubai Marina. With its range of amenities and facilities, residents can enjoy the best of both worlds—the comfort of home and the convenience of a hotel.
Neighborhood and Community
Princess Tower lies in the heart of Dubai Marina, one of the Emirate’s most exclusive and prestigious districts. The area is known for its beautiful waterfront promenade, luxury yachts, and high-end restaurants and cafes. It is a perfect place for those who want to enjoy a luxurious lifestyle.
The Princess Tower is surrounded by other famous landmarks, such as Marina 101, Elite Residence, and Burj Al Arab. Skydive Dubai is also nearby and offers a thrilling experience for adventure seekers.
For families with children, Regent International School and Emirates International School Meadows are both located within a short distance of the Princess Tower. Several nurseries are also in the area, making it ideal for families with young children.
Residents of Princess Tower can enjoy breathtaking views of the Dubai Marina, Palm Jumeirah, and the Arabian Gulf. The tower offers many amenities, such as a swimming pool, gym, sauna, and steam room. There is also a 24-hour security service, concierge, and covered parking.
Overall, Princess Tower is a perfect place for those who want to enjoy a luxurious lifestyle in one of Dubai’s most exclusive districts.
Safety and Security
Princess Tower is a luxurious residential building located in Dubai Marina, one of the most exclusive and prestigious districts in Dubai. Safety and security are essential aspects of this tower, and the developers have taken various measures to make sure the locals feel safe and secure.
- The tower has 24-hour security personnel on-site, who monitor the premises round the clock.
- The building has CCTV cameras, both inside and outside the property, which ensures that the residents can feel safe and secure at all times.
- Smoke and security alarms are installed throughout the building to ensure that the residents are alerted in any emergency.
- The tower has a secure car parking facility monitored by security personnel and CCTV cameras.
Tameer Holdings, the developer of Princess Tower, is famous for its commitment to quality and safety. They have taken every measure to ensure the tower meets the highest safety and security standards.
In addition to the above safety measures, Princess Tower also has a range of other facilities that contribute to the overall safety and security of the residents. These include:
- Two swimming pools are regularly cleaned and maintained to ensure that the water is safe for swimming.
- Two fitness rooms equipped with state-of-the-art equipment to help residents maintain their fitness and well-being.
- Yoga studios and saunas provide residents with a relaxing and rejuvenating experience.
Overall, Princess Tower is a tower that prioritizes the safety and security of its residents. With its 24-hour security personnel, CCTV cameras, and other safety measures, residents can always feel safe and secure.
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Frequently Asked Questions
What amenities are available in the Princess Tower?
The Princess Tower boasts a wide range of amenities catering to its residents’ needs. It features a fully equipped gym, a swimming pool, a sauna, a steam room, a children’s play area, and a barbecue area. Additionally, the tower has a 24-hour security system, a concierge service, and a covered parking area.
What are the current rental prices in the Princess Tower?
The current rental prices for units in Princess Tower vary depending on the unit’s size, location, and condition. As of May 2024, the rental prices for one-bedroom units range between AED 80,000 to AED 120,000 per year, while two-bedroom units range between AED 120,000 to AED 180,000 per year. Three-bedroom units are available for rent from AED 180,000 to AED 250,000 annually.
Can you provide details on the floor plans of Princess Tower units?
The Princess Tower offers various unit floor plans, including one-, two-, three-, and four-bedroom apartments, penthouses, and duplexes. Additionally, the sizes of the units vary from 900 square feet to 6,000 square feet, depending on the number of bedrooms and location in the tower.
What is the historical significance of the Princess Tower in Dubai Marina?
The Princess Tower is a landmark building in Dubai Marina and is famous for being the tallest residential building in the world at the time of its completion in 2012. Moreover, the tower has won several awards for its architecture and design, including the Best Tall Building Award for the Middle East and Africa region in 2012.
Who is the current owner of the Princess Tower?
Tameer Holding, a Dubai-based real estate developer, owns the Princess Tower. The company has developed several iconic buildings in Dubai, including the Elite Residence and the Tamani Hotel Marina.
What are the unique architectural features of the Princess Tower?
The Princess Tower is famous for its unique architectural design, which features a sleek and modern glass facade reflecting the skyline. The tower also features several setbacks and terraces that offer citizens stunning views of the Dubai Marina and the surrounding areas. Additionally, the tower has a helipad on the roof, making it one of the few buildings in Dubai that can accommodate helicopter landings.
