Marriott Residences Property Development By OCTA Properties

Last Updated on: 2nd November 2024, 06:14 am

Discover the exceptional Marriott Residences Property Development By OCTA Properties, poised to redefine luxury living in the vibrant Business Bay area of Dubai. This project combines a sophisticated lifestyle with high-end finishes and unparalleled services that are the hallmark of the Marriott brand. The luxurious residences are designed to cater to discerning buyers and investors attracted to premier real estate opportunities. With its strategic location, OCTA Properties Marriott Residences offers residents unparalleled accessibility to major landmarks and thriving business hubs, making it a prime choice for those seeking opulence in Dubai’s competitive market. As we explore this development further, you will see how it aligns modern living with timeless elegance¹.

Key Takeaways

• Located in Dubai’s Business Bay, offering easy access to key locations.
• Combines luxury finishes with exceptional services consistent with the Marriott brand.
• Ideal for both discerning buyers and investors looking for premium properties.
• Strategic position enhances its attractiveness in the luxury real estate market.
• Exceptional living experience for modern city dwellers.

Overview of Marriott Residences Development

The Marriott Residences Development Project represents a significant leap in the realm of luxurious living. Nestled in a prime location, this development combines urban accessibility with serene surroundings, ensuring an exceptional living experience. The collaboration between OCTA Properties Real Estate Development and Marriott Residences has fostered a landmark that captures the essence of modern elegance.

Location and Accessibility

Strategically located in the Business Bay area, the Marriott Residences Development offers unparalleled accessibility to Dubai’s key attractions and business centers. Residents can enjoy a blend of convenience and tranquility, making it an attractive destination for families and professionals alike. Major highways and public transport systems are easily accessible, simplifying daily commuting.

Architectural Excellence

The architectural design of the Marriott Residences is a testament to premium property development by OCTA Properties. Rising 15 stories, the building showcases contemporary aesthetics and high-quality materials that reflect a luxurious lifestyle. Its striking façade and functional layouts are designed to resonate with those who appreciate both style and substance. The thoughtful integration of space and light further enhances the living experience within this exquisite community.

For a glimpse into the history of Marriott, which has evolved from humble beginnings into a global hospitality leader, you can explore its history and core values.

The Marriott Residences Development not only exemplifies top-tier living but also stands as a hallmark of innovation and commitment to excellence.

Amenities at Marriott Residences

The Marriott Residences by OCTA Properties are tailored to ensure a seamless blend of comfort and convenience, featuring an extensive selection of Luxury Amenities for Modern Living. Residents can indulge in a state-of-the-art fitness center that promotes wellness and relaxation. With both indoor and outdoor gym facilities, exercising becomes a daily pleasure. The rooftop pool and lounge areas provide a serene setting for leisure, amidst beautifully landscaped gardens.

Luxury Amenities for Modern Living

Set within a vibrant community, residents can enjoy fully equipped kitchens and spacious accommodations designed for relaxation and entertainment. Marriott offers units that vary in size, accommodating various guest groups with 1, 2, or even 3+ bedrooms. The availability of washer and dryer facilities in each unit adds to the convenience of living here, allowing for a more homelike experience². Additionally, monthly housekeeping services ensure that homes remain clean, while guests can use the Marriott Bonvoy™ App for seamless access to services and amenities available at the property.

Exclusive Services

The commitment to superior service extends to 24/7 concierge assistance, providing residents with information that can enhance their daily lives. Options for in-residence dining enable residents to enjoy exquisite meals without leaving their homes, showcasing the convenience synonymous with luxury living. Facilities such as valet parking and electric vehicle charging stations demonstrate a forward-thinking approach to modern amenities and sustainability, aligning with recent OCTA Properties Marriott Residences Updates³⁴. Living in the Marriott Residences not only signifies access to high-caliber amenities but also a strong community atmosphere where every detail has been considered for a fulfilling lifestyle.

Investment Opportunities with OCTA Properties

Investing in OCTA Properties, specifically the Marriott Residences, presents exciting possibilities for potential buyers. This development offers various options when it comes to Pricing and Payment Plans, potentially making these residences appealing for both homebuyers and investors alike.

Pricing and Payment Plans

The Marriott Residences project provides fully equipped kitchen apartments with starting prices around $408,000. This competitive pricing is paired with a flexible payment structure, which typically requires a 10% down payment at the sales launch, followed by 30% during construction, and the remaining 60% required upon handover, enhancing accessibility for buyers looking to invest in this prime location.

Potential Rental Yields

Potential rental yields in this area can reach up to 7%, significantly boosting the investment’s attractiveness. With the projected return on investment, investors may see favorable returns, especially when considering the ongoing demand in Business Bay. For instance, units can be priced at around 1,288,888 AED, offering a 6.5% ROI with a 50/50 payment plan and expected handover in 2026⁵.

Future Development Updates

Looking ahead, the OCTA Properties Marriott Residences updates indicate an anticipated completion by Q4 2024. This timeline, coupled with the innovative designs and diverse facilities planned for the complex, is expected to drive substantial interest, presenting a timely opportunity for potential investors and homeowners to secure a unit.

These figures illustrate the diverse options available for investors, ensuring a comprehensive understanding of the potential that OCTA Properties holds in the ever-growing Dubai real estate market⁶.

Conclusion

The OCTA Properties Marriott Residences exemplifies luxury living and investment potential in a vibrant locale. With its prime location in Dubai, exceptional amenities, and an elegant architectural design, this development presents a unique Marriott Residences Investment Opportunity for both homeowners and investors. The combination of OCTA Properties Marriott Residences features ensures an unparalleled lifestyle for its residents.

Flexible payment plans and attractive pricing further enhance the appeal for prospective buyers looking to invest in this burgeoning real estate market. By choosing the Marriott Residences, investors can capitalize on promising rental yields along with the assurance that they are selecting a property with enduring value and appeal. As noted, the competitive pricing model allows for significant cost savings, rendering it a wise financial commitment.

In summary, the Marriott Residences stands out as a destination where convenience meets luxury, making it an ideal choice for discerning investors and homeowners alike. To explore more about the development and various aspects of its construction, including those that contribute to its overall investment viability, you can view an informative presentation detailing a similar project that captures the essence of high-quality, innovative design and structure⁷.

Source Links

1. https://www.propertyfinder.ae/en/new-projects/octa-properties/marriott-residences
2. https://www.marriott.com/marriott-brands/apartments-by-marriott-bonvoy.mi
3. https://www.marriott.com/en-us/hotels/rnoph-marriott-grand-residence-club-lake-tahoe-1-to-3-bedrooms-and-pent/overview/
4. https://www.marriott.com/en-us/hotels/laxma-residence-inn-marina-del-rey/overview/
5. https://1011properties.com/project_details/marriott-residences
6. https://www.linkedin.com/pulse/octa-properties-developer-founded-former-damac-top-manager-9n16e
7. https://www.turningleftforless.com/review-new-jfk-airport-hotel-residence-inn-by-marriott-new-york-jfk/