Apartments and townhouses in the complex of Port De La Mer in Jumeirah. Developer Select Group offers units for sale at profitable prices.
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It was launched in Q3 2018 by Meraas Holding, according to whom the development is set to appeal to families around the world by offering an ultimate waterfront lifestyle. Port De La Mer consists of six phases: La Cote, Le Pont, La Rive, Sur La Mer, La Voile, and La Sirene.
Located in the prestigious area of Jumeirah, Port De La Mer is a gated master community which includes a mix of shopping, dining, leisure, hospitality, entertainment and residential options.
Mediterranean
Inspired by
Balconies or terraces
each residence features
Inspired by the Mediterranean, the area will be made upof low-rise buildings which feature an extensive range of residential units overlooking Pearl Jumeirah.
All that, each residence features one or more balconies or terraces, depending on the unit type. Also, in villas, townhouses and apartments with 3 to 5 bedrooms there is a room for the maid.
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In Port De La Mer, a 1-bedroom apartment of 741 sq ft with 1 bathroom can be purchased for AED 1.4m (USD 382,000).
Port De La Mer is conveniently located at the top of the Northern Peninsula at La Mer, Jumeirah 1. There are two major highways in the vicinity, Sheikh Rashed Road and Jumeirah Road, which provide easy commute to some of the key areas of the emirate. As well as that, in the immediate vicinity of Port De La Mer there is a ferry terminal to be found, Jumeirah Open Beach, ensuring excellent connectivity with the major marine routes of Dubai.
Due to the fact that public transport infrastructure around the development is still under construction, the nearest bus links are a 25-30 minute walk away. These include Jumeira, Grand Mosque, Jumeira Centre, and Century Plaza 1, among others.
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Furthermore, in 2021, Dubai was ranked 11th most popular city globally for residence-by-investment programmes.
Following this news, the minimum financial requirement to apply for a 3-year visa through investment has been reduced to AED 750,000 (USD 205,000) by the Dubai Land Department. As we have mentioned earlier, the starting price for a property in Port De La Mer is AED 1,400,000 (USD 381,200), thus it provides a unique opportunity of becoming a UAE resident with a provision for spouse sponsorship.
It will be quite profitable to rent them out, as Port De La Mer is expected to generate an average ROI of 7%. Potential tenants will be attracted not only by a range of world-class amenities on-site but also by the central location of the long-awaited community. For instance, the travel time to Business Bay, Downtown Dubai and Dubai International Airport will take a maximum of 20 minutes by car. The starting rental price for a 1-bedroom apartment of 945 sq ft in Port De La Mer is AED 70,000 (USD 19,000) per annum.
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