Overview

Property Description

In Marina Square on Al Reem Island, there are two major shopping centers, Paragon Bay Mall and Reem Mall, where you can shop, dine at a café or restaurant, or watch the latest film. The complex was completed by developer RAK Properties in May 2006. There are apartments with 1-3 bedrooms and luxury penthouses with 4-5 bedrooms. In addition to bedrooms with walk-in closets and adjacent bathrooms, the apartments also include a living room, a guest toilet, a kitchen with luxurious fixtures and marble floors, and a staff room. The layout of the penthouses additionally provides a walk-in closet, powder room, laundry room, staff room with its own bathroom and office that can be converted into a guest bedroom. The Arabian Gulf and the neighbourhood can be seen from the panoramic windows of each residence. Penthouses start at AED 4,200,000 (USD 1,143,000) in Q1 2023. 1-bedroom apartments start at AED 874,000 (USD 238,000). *Prices are valid for 2021 Foreign investors and local residents alike can purchase residences in Marina Square, a popular area with luxury real estate. This skyscraper is an ideal choice for young couples, bachelors and families with children because of its convenient location on the Arabian Gulf coast. Investing in RAK Tower yields returns of 5-8.5%. The best investment is buying a 1-bedroom apartment with an ROI of 8.5%. If you plan to rent your apartment, you can earn AED 55,000 (USD 15000) per year.

Location