DISTRESS DEAL: 4-BR IN MARINA SHORES

Overview

Marina Shores is a 53-storey residential skyscraper under development in Dubai Marina, Dubai. The project is being developed by Emaar Properties with architectural consultancy by Al Shandagha Architects and Engineering Consultants. The main contractor is Binladen Contracting Group, supported by Pinnacle International Piling Foundation for substructure works. Construction commenced in December 2022 with an estimated completion date of December 2026. The tower is planned to reach a height of approximately 196 metres and will include two basement levels dedicated to parking. The development is expected to contain around 433 residential units comprising a mix of one, two, three, four and five-bedroom apartments, along with penthouses. The project occupies a plot previously designated for the Miramar development, which was cancelled prior to commencement.

The building is positioned directly adjacent to the Mohammad Bin Ahmed Al Mulla mosque and includes direct connectivity to the Marina Promenade, a key pedestrian waterfront corridor within Dubai Marina. Units are oriented to provide views across the marina waterway, with upper floors offering extended sightlines towards the Arabian Gulf depending on orientation.

Location and Urban Context

Marina Shores is situated within Dubai Marina, a high-density waterfront district characterised by residential towers, hotels, retail outlets and leisure infrastructure. Dubai Marina is part of the wider Marsa Dubai area and is one of the most established residential zones in the city. The immediate surroundings include a combination of completed high-rise developments such as Skyview Tower, Park Island and The Royal Oceanic, as well as hospitality assets including Grosvenor House Hotel and Le Royal Meridien Beach Resort.

The development benefits from proximity to the Marina Promenade, Marina Walk and The Walk at Jumeirah Beach Residence, all of which function as primary lifestyle corridors offering retail, dining and pedestrian access. Marina Shores is also located within walking distance of Dubai Marina Mall, a mid-scale retail centre with cinema facilities and associated amenities.

Transport and Connectivity

Road connectivity is facilitated via Al Sufouh Road and Sheikh Zayed Road, providing links to major business districts including Downtown Dubai and Dubai Internet City. Travel times by car are approximately 19 minutes to Dubai Mall, 11 minutes to Palm Jumeirah, 16 minutes to Burj Al Arab and 7 minutes to The Walk JBR under typical traffic conditions.

Dubai International Airport is located approximately 26 minutes away by car, while Al Maktoum International Airport can be reached in around 34 minutes. Public transport access is available through nearby Dubai Metro stations and tram lines serving the marina area, supporting multimodal commuting options for residents.

Nearby Infrastructure and Amenities

The surrounding district contains a high concentration of retail and service outlets within walking distance. Supermarkets such as Carrefour Market, Freshmart and F Mart are located within approximately 0.2 kilometres. Dining options include a range of restaurants and cafes distributed across nearby towers and hospitality venues. Clinics and pharmacies such as Life Pharmacy and Queens Medical Center are also located within immediate proximity.

Recreational infrastructure includes Marina Beach at approximately 1.3 kilometres, JLT Park at 0.9 kilometres and Emirates Golf Club at approximately 2.0 kilometres. Cinematic facilities are accessible via Reel Cinemas at Dubai Marina Mall, while additional leisure destinations include Skydive Dubai and Bluewaters Island within short driving distance.

Educational institutions in the wider catchment include Emirates International School Meadows at 2.4 kilometres and Regent International School at 3.1 kilometres. Several schools within a 5-kilometre radius have achieved high inspection ratings including Dubai International Academy Emirates Hills and Dubai College.

Building Configuration and Design

The tower is designed as a vertical residential structure with 53 storeys and a multi-level basement parking system. Unit configurations range from compact one-bedroom apartments to larger multi-bedroom residences and penthouses. Selected upper-level units include private outdoor spaces such as decks and pools. The layout distribution reflects a typical mixed-unit residential tower targeting a wide range of occupant profiles.

The building integrates with the wider Marina Promenade master plan, enabling direct pedestrian access to waterfront retail and leisure areas. The architectural approach follows a contemporary high-rise typology consistent with adjacent developments within Dubai Marina.

Market Position and Pricing Context

Recent transaction data recorded by the Dubai Land Department indicates sales activity for off-plan units within Marina Shores across multiple unit types. Recorded transactions include one-bedroom units of approximately 749 square feet transacting around AED 2,150,000, and two-bedroom units of approximately 1,136 square feet transacting around AED 3,250,000. Price per square foot levels have generally ranged between approximately AED 2,200 and AED 3,000 depending on unit size and configuration.

Within this context, specific listings associated with this development may be classified as a distressed asset where pricing is observed below prevailing market benchmarks. This classification reflects a pricing position that is lower than comparable transactions within the same development or nearby buildings, typically due to seller-specific conditions rather than structural attributes of the asset itself.

Development Timeline and Construction Status

The project reached initial planning stages in early 2022 with construction formally commencing in December 2022. Progress has continued through 2023 to 2025 with structural works advancing and periodic construction updates documented. The estimated handover remains scheduled for December 2026, subject to construction progress and regulatory approvals.

The development value has been estimated by the Dubai Land Department at approximately AED 399 million, based on figures submitted prior to construction. Final project costs may vary depending on execution and market conditions.

Surrounding Areas

Nearby communities include Jumeirah Beach Residence at approximately 0.8 kilometres, Jumeirah Lakes Towers at 1.3 kilometres, Dubai Media City at 1.5 kilometres and Emirates Living at approximately 2.5 kilometres. These areas collectively form a mixed-use urban cluster comprising residential, commercial and hospitality components interconnected through road and public transport networks.

Dubai Marina itself operates as a self-contained district with a high level of internal amenity provision, making it one of the primary residential locations within Dubai for both owner-occupiers and investors focused on waterfront developments.