Marina Star
✓ Resale Available

Marina Star

From AED 1.42M·Completed Sep 2023·100% down payment Payment
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AED 1.42M
Starting Price
Sep 2023
Handover
100% down payment
Payment Plan
Studio · 2 BR
Type

Project Overview

Marina Star is a premium-class residential complex, located in one of Dubai’s most prestigious areas. This elegant building, designed by Condor Developers, comprises twenty-six residential floors, three basement levels, a ground floor, and a rooftop. Its architecture features soft curves and rounded elements, lending it refined elegance, while gardens and greenery adorn the spacious balconies and terraces. The project offers a wide selection of furnished residences, including studios, one- and two-bedroom apartments, penthouses, and duplex villas. Each residence is bright and spacious, boasting high-end finishes, lofty ceilings, and panoramic windows. All apartments are equipped with a Smart Home system. Residents can enjoy a variety of leisure amenities such as cycling tracks, walking trails and playgrounds, a fitness center, spa, yoga studio, restaurant and café, and an infinity pool overlooking the canal, as well as a yacht marina and views of Dubai’s skyline. Just a 3-minute walk away lies the canal with its scenic promenade and yacht dock. From Marina Star, it takes approximately 22 minutes to reach Dubai Mall, 14 minutes to Palm Jumeirah, 20 minutes to Burj Al Arab, and 14 minutes to The Walk JBR. DXB Airport is about a 30-minute drive, while Al Maktoum International Airport is approximately 33 minutes away.

Project Specifications
DeveloperCondor
LocationDubai Marina
Unit TypesStudio, 2 BR, 5 BR, Apartments, Penthouse, Villa
AreaDubai Marina
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 61,273 / year
Cash-on-Cash
1.8%
Levered cashflow AED 14,413
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 92,300 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Marina Star launch basis1,578AED 1.42MCurrent launch / asking basis
Dubai Marina ready-stock comps2,100AED 1.89MIndicative resale benchmark
Dubai Marina premium peer launches2,550AED 2.29MNew-launch peer set
Trophy alternative proxy3,200AED 2.88MHigher-end anchor for negotiation context

Gallery

Marina Star — View 2
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Marina Star official render 1

Marina Star official render 1

Marina Star official render 2

Marina Star official render 2

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Marina Star official render 3

Marina Star official render 4

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Marina Star official render 5

Marina Star official render 5

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Marina Star official render 7

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Marina Star official render 8

Marina Star official render 9

Marina Star official render 9

Marina Star official render 10

Marina Star official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Condor.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Marina Star — 1 Bedroom Floor Plan

Amenities & Lifestyle

Central A/C
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Infinity pool
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Meditation zone
Recreational areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Smart home
Social zone
Walking paths
Yoga studio

Location

Dubai Marina

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai MarinaDubai MarinaDubai, UAE

Developer Track Record

01

Marina Star by Condor

02

Located in Dubai Marina

03

Starting from AED 1,420,000

04

Unit mix includes Studio, 2 BR, 5 BR, Apartments

05

Expected handover: Sep 2023

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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