Kempinski Marina Residences

57 storeys and 453 residences in Dubai Marina, 240 metres tall. Developer ABA Real Estate Development, under the Kempinski brand.

What this building is

Kempinski Marina Residences is a 240-metre skyscraper in Dubai Marina. The building record lists 57 storeys and 453 residences; the developer is ABA Real Estate Development, the architect is Arkiplan Consulting Architects & Engineers; confirmed amenities include a pool, gym, kids' area, parking, a retail arcade, sports facilities and landscaping.

The project was one of the most talked-about launches of the first half of 2024 in Marina, on the strength of the brand and its scale. Four hundred and fifty-three apartments in a single building means a wide choice of layouts, and at the same time a large volume of supply hitting the market at handover.

Kempinski is a European hotel brand, and in a residential building that means a service package and a common-area standard. For a buyer, what matters isn't the brand itself but the terms of the management agreement — exactly what the developer commits to provide, and for how long. It is part of the same branded-residence wave that has reshaped skylines in Miami and Manhattan.

Price benchmarks for the project

The autumn 2024 offer block shows how the pricing was structured. One-bedroom apartments ran AED 3.04–3.16 million ($0.83–0.86 million), two-bedrooms AED 4.12–4.55 million ($1.12–1.24 million).

Large formats sell noticeably higher: a three-bedroom duplex at AED 8.4 million ($2.29 million), a five-bedroom duplex at AED 37.6 million ($10.24 million). A twelve-fold spread between the entry and top unit is typical for a tower of this size, and it means the building's average price says nothing about a specific apartment.

These figures are properly compared with Marina prices from the same period, not with today's listings: the pricing dates to autumn 2024 and has moved since.

What to factor in

First, volume. A 453-unit building releases a large pool of supply into the Marina market at once on handover, and that weighs on the exit price in the first year after keys. Neutral for a rental strategy, a material factor for resale.

Second, floor and side. In a 57-storey tower, the difference in view between the lower and upper tiers determines price more than the layout does — Marina is densely built, and some lower-level units look straight into neighbouring buildings.

Third, the service charge. A hotel brand and a large amenity package are funded by the owners; in a building this size the sum is split across many units, but the amenity volume is also larger. Ask for the AED-per-square-foot figure before you sign.

Launch and payment plan

The project launched in May 2024 at around $6,500 per square metre (roughly AED 2,200 per square foot) — well below the district's completed branded towers.

The headline term was a post-handover plan: part of the price is paid over 30 months after the keys are handed over, which is rare for a branded project in the Marina.

Kempinski is Europe's oldest luxury hotel group, with more than 80 hotels in 34 countries.

The propsearch building record (storeys, height, number of residences, developer, architect, district, amenities) and the public project offer block from 14 October 2024 — prices by apartment type and duplex on that date. Launch date, price per metre and post-handover plan — launch announcements, May–June 2024.