Bloom Stella Maris
Premium-class, waterfront residences Stella Maris was first introduced to the public in 2015 during Cityscape. Bloom Properties, an Abu Dhabi based developer, was working on the project in the beginning. However, in 2019, the development of Stella Maris was taken over by Scope Investment LLC. Located at the south end of Dubai Marina, this building is the last residential development in the area.
The 52-storey development offers 313 luxury residential units including 1, 2, 3 and 4-bedroom apartments for sale, as well as townhouses and penthouses. The size of the apartments varies from 748 to 2514 sqft.
The residential units are sold with fully-equipped kitchens. Large floor-to-ceiling windows bring a beautiful view of the marina and the Persian Gulf. The overall design is executed in modern style with high-quality materials. The project has become popular at once due to its upscale lifestyle and premium amenities, parallel to none. The amenities include: a private theater room, a private pool, indoor and outdoor play areas for kids, gyms, a private club, a garden and a snooker room.
Dubai Marina is the second largest man-made marina in the world. It is one of the top choices for purchasing property for both foreign and local buyers. And it is no wonder, as residents can find there all the necessary amenities and facilities, surrounded by the beautiful scenery of the marina.
The area is also full of gourmet restaurants, high-end boutiques and various entertaining venues. It is a home to the future Ferris wheel, which will be the tallest one in the world.
The other popular attractions include Dubai Marina Promenade, The Beach, Sheraton Jumeirah Beach Resort and Dubai Marina Yacht club. The connectivity of the area is excellent as it is situated close to major highways and roads such as Sheikh Zayed Road.
At the moment, around 50% of the building is finished. It is set to be fully completed in the 2nd quarter of 2022. Although, still under construction, the Stella Maris development is getting lots of attention from investors.
Purchasing just one unit ensures significant life-time returns as the ROI in Dubai Marina has reached 6.1%. The average rental price in the area is AED 40,000 or USD 11,000. Thus, the net profit (considering the fees for management, utilities and 5% income tax) will amount to AED 36,000 or USD 10,000 or annually AED 480,000, USD 131,000.