About West Avenue Dubai Marina
Overview
From its accessible location to four key business districts to the Manhattan-inspired design, every detail of this development is planned with the professional in mind.
West Avenue is perfectly positioned to appeal to the influx of professional's that will be based in the neighbouring business districts such as Internet City, Media City and Knowledge Village. It is also only 5minutes walk to one of the few commercial tower's on Dubai Marina, Marina Plaza.
The proximity to the Sheikh Zayed Road caters for those wishing to commute by car to Downtown Dubai or Abu Dhabi, whilst the metro link opposite this development will cater for those preferring to use the Dubai metro when it opens in 2009.
West Avenue is also perfectly placed to capitalise on the wealth of 5 star restaurant and bars across the marina. The nearby Marina Mall Complex is just 5 minutes walk away. Opening late 2008 the complex will offer a large range of premium retail outlets, a 5 star hotel, cinema and wide range of restaurants located in the seven storey 'Gourmet Tower,' a revolutionary concept dedicated to world-class cuisine.
The Rental Opportunity
Due to its prime commuter location, Manhattan-inspired design and state of the art facilities, West Avenue appeals to the thriving long-term professional rental market.Apartments on Dubai Marina generate 20% higher rental rates than the average rental rates across Dubai and demand is likely to increase further, when the neighbouring Dubai Marina Mall complex opens late 2008, which extends over an area of 42,000 sq m, including the marinas only commercial tower, and the metro system completes in 2009.
The Capital Appreciation Opportunity
Property prices on marina continue to rise. Prices will ultimately match those of New York and London.We continue to predict a conservative still 20% per annum capital appreciation projection in Dubai Marina.
West Avenue is one of the last plots on this up-market waterfront master planned development. It is offers an extremely competitive price per square foot compared to other developments in the area.
The resale market for this development will be undoubtedly high due when the population doubles to 4.1million by 2015. The majority of these people will be ex-patriots' emigrating to capitalise on the career opportunities Dubai offers.
Ease of purchase
Investment properties include studios, one and two bed apartments, as well as three and four bedroom duplex penthouses and in each case no mortgage is required. All funds are held in escrow and Select Property offer flexible payment plans that allow investors to spread payments over fifteen years.Location
West Avenue is located on one of the last remaining plots on Dubai Marina and presents investors with an opportunity to capitalise on the area before supply reaches capacity.West Avenue is ideally located to appeal to the resale and rental market due to its close proximity to Dubai Internet City, Media City and Jumeirah Beach, making it highly marketable to those looking for a commutable property and all the elements of a luxurious lifestyle.





