Condor Marina Star Residences

Condor Marina Star Residences is a Condor Developers project in Dubai Marina, sold off-plan with prices from AED 1.94M. It is a new tower entering a district where almost everything around it is already built and let, which shapes how we would assess it.

Dubai Marina has been an investor district for well over a decade, and the case rests on things that are already built: the Marina Walk promenade with its cafes and yacht clubs, two Red Line Metro stations at DMCC and Sobha Realty, and Jumeirah Beach Residence within walking distance for the beach. Palm Jumeirah and Bluewaters are about seven minutes by car. Short-stay occupancy here is among the highest in the city, and resale stock from Emaar, Damac and Select Group trades actively, which means a new launch can be priced against a deep market. On long leases, typical gross yields in Dubai Marina are around 5.5–6.5%, with more on holiday lets.

The checks come first: the project's escrow account and Dubai Land Department registration, Condor's delivered buildings elsewhere in the city, and the construction programme with its milestones. None of this is unusual, but it should be done before a deposit rather than after, and we do it as a matter of course.

Ask us for the unit mix, floor plans and the price list, and we will set the launch price against completed Marina towers with known rents and service charges.