While Dubai apartment buyers generally find their chosen investment at the higher end of the spectrum, there are properties to be found at less heady heights.
For this tower, Azure, in Dubai Marina is only five storeys high, one of just a few low-rise freehold residential buildings located in the area.
Inside, property buyers can snap up a fully refurbished three-bedroom duplex with outside space for Dh4.3 million.
The price incorporates the refurbishment and the fact that the European owner is selling it fully furnished, according to the Luxhabitat, the agent marketing the apartment. Its decor is in keeping with European tastes and the refurb has given it an industrial, urban, edge – although buyers will need to like white, cream or grey, which dominate the colour scheme.
The duplex on offer straddles the building’s two top floors and has four balconies offering marina views from every room. It also comes with three bathrooms, with one en suite, a study room, fully-fitted kitchen with composite worktops and an extra laundry/storage room can double up as a maid’s room, according to the agent.
• Take a look around the property here
Building amenities include a community pool, and, imperative if one lives in the Marina, parking for two cars and a lift to all floors.
Having been constructed by the developer Bonyan Emirates in 2005, the building was one of the first completed in Dubai Marina.
It gives the buyer that first mover advantage as it sits in a central location on a quiet street with retail, food and beverage, a hotel and a yacht club on the doorstep. With access to the metro only a matter of minutes away, Dubai Marina Mall literally around the corner and Jumeirah Beach Residences, with accompanying beach, over the bridge that the tower sits next to, there are few better appointed buildings in the Marina.
The duplex offers a built-up area of 2,487 square feet and the opportunity to move in immediately. The space has been lived in, by its owner, for the past two years and has a homely feel. While the skyscrapers of Dubai dominate the space, this gem of a building proves that less is more.
Brigitte Tenbergen, an estate agent with Luxhabitat, tells Andrew Scott more about the Dh4.3 million Azure Tower apartment:
Dh4.3m seems a bargain for the area and the property. Is it?
It is true that if this apartment was in one of the many Emaar residences that adorn the Marina, it would cost Dh5m to Dh6m, but because this is an older building and its developer may not have the cachet of one of Dubai’s premier developers it is appropriately priced. The location of this duplex is, without a doubt, one of the best in the whole Marina development. Everything one may need such as a supermarket, nightlife, bars and restaurants, the new Meraas development The Beach with its cinemas and F&B and the Metro is on your doorstep.
Why is it being sold fully furnished?
The owner has lived in it but decided that it would be easier to sell if it could be bought off the shelf. He believes that many people that own in the Marina have residences in other parts of the world and therefore may not want to go through the hassle of furnishing a property that may not be lived in all year round. You can buy this duplex and move in immediately with everything you need ready and waiting. The decor is not to the usual taste of the market and we have already had many interested parties because of its finishing.
The property market has cooled recently hasn’t it?
It definitely had cooled but we have seen a real pickup in inquiries and viewing for the last month of 2015, and that has carried through to 2016.