Overview

Property Description

As one of the tallest towers in the Miami-inspired area of Emaar Beachfront, Address Residences The Bay will exude exclusivity and sophistication. As the branded development was launched in Q2, 2022, prospective real estate buyers could choose from a wide array of carefully crafted fully furnished apartments ranging in size from 1-3 bedrooms, penthouses with 3-4 bedrooms, and townhouses with 3 bedrooms.. Properties range in size from 756 square feet to 2,715 square feet. Address Residences The Bay offers 1-bedroom apartments starting at AED 2.7M (USD 735K) and townhouses starting at AED 13.3M (USD 3.6M). There is a service charge fee of AED 10 per square foot. *Prices are valid for 2023 only Upon completion of Address Residences The Bay in Q4 2026, property owners will be able to take advantage of lucrative residents' discounts at Address Hotel – The Bay. Moreover, if you live in the complex, you can resell your unit for just 40% of the purchase price. A Golden Visa is automatically issued to buyers who invest in properties worth at least AED 2,000,000 (USD 545,000). In addition to allowing its holders to live, work, and study in the UAE without a local sponsor, this type of residency allows them to bring their families to Dubai as well. You can also purchase an apartment in Address Residences The Bay with the purpose of renting it out, using a property management service, and generate a lucrative income on a regular basis. The average ROI of 1-bedroom units in Emaar Beachfront has reached 7% for Q2 2023, according to Property Finder, whereas the starting rental price is AED 130K (USD 35K).

Features & Amenities

Location