NAUTICA RESIDENCE by Select Group in Maritime City, Dubai

Nautica Residence by Select Group

Select Group has announced the launch of a new luxury complex, Nautica Residence in Dubai, UAE. The project consists of two high-rise towers, which will be located on the Maritime City island.

The ground floor of each building will be occupied by a spacious lobby with high-speed lifts, a lounge area, and a concierge desk.

The complex will also have an open terrace with a swimming pool, recreation areas, and other public spaces.

The residential part of the towers will boast apartments with one and two bedrooms. Their area varies from 57 to 96 sq. m. At the excavation stage, one-bedroom residences can be purchased at a minimum price of AED 1.4 million (USD 381,000). The developer is also offering an instalment plan with a gradual payment of 40% of the amount during construction and 60% when the project is handed over in Q4 2026.

Location

Nautica Residence in Maritime City will provide residents with a variety of island community amenities within easy access. They include:

Shops;
Restaurants;
Pedestrian promenade;
Mina Rashid Marina;
Industrial facilities related to shipping;
Business centres.

From the towers, you will easily reach the coastal neighbourhood of Deira. The following locations are within a 10-minute drive:

Well-known Gold Souk jewellery market, where precious metal and stone products are sold;
Famous Dubai Frame building;
Baqer Mohebi 24-hour supermarket;
Aster Hospital;
Al Ghubaiba Metro Station.

In 10 minutes from the new complex, you can enter one of the leading motorways in the city, Sheikh Zayed Road. It leads to the centre of Dubai and connects it with other emirates. The Downtown Dubai area can be reached in 15–20 minutes, and the road to the international airport will take no more than 15 minutes.

Properties in Nautica Residence for investments

At the construction stage of Nautica Residence, the prices from the developer for apartments will be the most favourable. By the time the work is completed, the cost of housing can increase by up to 20%, which makes the project attractive to investors. An undeniable benefit of investing in properties in Dubai is the annual increase in prices. The expected increase in the cost of housing in 2023 is 13.5%.

The Maritime City district is a promising location to buy a flat for rentals. The average profitability of housing in Maritime City is 6.6% per annum. Taking into account that new residential and industrial projects are being actively built on the island, the prices of properties for both sale and rent will only increase. Today, you can rent an apartment in Maritime City for AED 110,000 (USD 30,000) per year.

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