Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

AED75m for a flat in Marina tower

25.10.2014
AED75m for a flat in Marina tower
A five-bedroom, 14,439 square foot apartment in La Rêve, a 50-storey tower, is up for grabs at a cost of AED75 million.

While on one hand, real estate prices in Dubai seem to be coming down, one flat in La Rêve, a 50-storey tower, is available for AED75 million.
With two living rooms, five bedrooms and a 500 sq ft terrace, it's not even the largest flat in the building. Close to the American University of Dubai and the Emirates Golf Club and the Dubai International Marine Club, homeowners in the vicinity have no shortage of amenities.
Most of the house is made from marble while the bathroom has a jacuzzi and a sauna; the two are joined by a glass wall. Everything is open plan: bedrooms double as offices, and the living rooms merge in long stretches of abstract, Swedish couches and tables. Windows wrap around the edge of the apartment, which is on its own floor, so residents have views out of every room. And, of course, the driver and the maid have their own rooms.
La Rêve was designed by the architects behind the Burj Al Arab, and houses some of the emirate's most expensive apartments.
According to David Lawes, senior residential consultant at Better Homes, "In this building, there’s a certain calibre of people. The very richest like to be among themselves: that’s where these people want to buy. You could buy a penthouse, and everyone around you would be in one bedroom flats and studios. But this is an elite building ... It’s for a high-end buyer. In the parking garage, I walked past a Bentley with an inch of dust on that had been sitting there for two years. Next to it there was a Rolls-Royce. It’s those kind of people who are buying properties in this building."
Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management