Ready on Dec 2026 · High Floor · Marina View

This 1,647 sq ft, 3‑bedroom, 4‑bathroom apartment sits on a high floor with Marina views and is slated for delivery in December 2026. The developer is Driven Properties and the asking price is AED 4.9 million (≈USD 1.34 million), translating to AED 2,975 per sq ft. Internal scoring gives the asset a location score of 91, an overall score of 55 and a gross yield estimate of 5.2%, indicating a solid but not exceptional proposition. Pricing is about 15% above the implied district median of roughly AED 2,587 per sq ft, as derived from the internal price‑vs‑market percentage. The higher price is partially justified by the premium view and the strong demand profile of Dubai Marina, but it erodes the yield advantage. The gross yield of 5.2% is attractive relative to the market average of 4‑5%, though net returns will be lower after service charges, vacancy and management fees (typically 1‑2 percentage points). Key risks stem from the off‑plan nature of the purchase: construction delays are common, and the unit will have no secondary‑market liquidity until handover. Driven Properties does not have a publicly disclosed credit rating, adding developer‑credit risk. Moreover, Dubai Marina continues to see high supply of new apartments, which could pressure future resale values. These factors temper the upside of the location and yield. Given the above, the investment is viable for buyers seeking a high‑quality asset in a prime corridor, but they should negotiate a price closer to the district median and verify the transaction details on the DLD register before committing.

Ask the seller to reduce the price per sq ft by at least the 15% premium over the district median (target ≈AED 2,587/sq ft) and reference the zero days‑on‑market as an off‑plan leverage point. Insist on reviewing the official DLD transaction register for the building to confirm the developer’s delivery track record before finalising the deal.

Dubai Marina sentiment cannot be reliably assessed due to absence of recent listing activity, pricing, and velocity data in the sample provided. The district remains a mature, liquid residential market, but directional conviction requires current transactional evidence. Recommend data refresh before positioning.