“Dubai Land” is offered tomorrow the seventh property designated in “Dubai Marina”

The Dubai Land and Property Department will launch, at 12:00 p.m., Wednesday, the seventh property designated in the “Dubai Marina” area, through the “Berberco Mint” platform.


According to the platform data, the seventh property is an integrated hotel apartment that is made up of one bedroom, located at the GW Marriott Marina, with an area of 79 square meters.

The data showed that the apartment is fully furnished, ready for rent in the short or long term, to be offered at a value of 1.9 million dirhams.

The data also reported that the expected annual rental revenue for the property is estimated at 150 thousand dirhams, with an expected annual growth rate of 2.5%.

It is noteworthy that the real estate coding project launched by the Dubai Land and Property Department in cooperation with the Authority for Regulating Virtual Assets in Dubai, the Emirates Central Bank, and the Dubai Future Foundation on May 25, achieved exceptional results within a short period.

According to an interview conducted by «Emirates Today» with the Director of Policy and Real Estate Innovation Department in the Dubai Land and Property Department, Dr. Mahmoud Al -Barai, six projects consisting of fully ready real estate were sold in record time, with the participation of about 1,400 investors of 50 different nationalities.

Al -Burai indicated that there are more than 20 thousand people on the waiting list, who have applied to enter classes in the offered real estate coding projects.

He indicated that the minimum investment in real estate coding projects is only 2000 dirhams, while the maximum is determined by 20% of the value of one real estate, to protect investors, ensure a fair distribution of ownership, in addition to ensuring the application of the best standards of global governance.