Nakheel: the master developer of the islands, and what that title means
The state developer behind Palm Jumeirah and the Dubai Islands. The difference between a master developer and a building developer, and why it matters for what you own.
Marina Residences
Palm Jumeirah · Nakheel
Project factsheet
Storeys 15
Units in the building 940
Developer Nakheel
Status Completed
Completed 2009
District Palm Jumeirah
About the building
Located in Palm Jumeirah, completed in 2009. Developer — Nakheel. Architect — Dar Al Handasah Consultants.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Children's area
Specifications for Marina Residences & Townhouses per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Marina Residences is a residential complex of several buildings in Palm Jumeirah, completed in 2009.
The developer is Nakheel. The architecture is by Dar Al Handasah Consultants.
The complex holds 940 apartments in total. The tallest tower rises 15 storeys.
The database currently holds 5 lots in this project, from 1 220 000 AED.
Fifteen storeys and 940 residences by Nakheel on the Palm's trunk, handed over in 2009. The lowest price per square foot among the island's towers — AED 2,209/ft² against an island average of AED 4,781.
What it is
Marina Residences is a Nakheel residential complex of 15 storeys and 940 residences by the marina on Palm Jumeirah's trunk, handed over in 2009.
Our own stock: six lots, sizes around 2,117 sq ft, priced from AED 3.95 million to AED 5.3 million, at AED 2,209/ft².
Nine hundred and forty apartments across fifteen storeys — more than sixty per floor. That's a multi-building complex, and the figure speaks to its size, not to how many neighbours share a single floor.
Price per square foot across Palm Jumeirah
Marina Residences sits near the bottom of the list — half the island average per square foot, despite above-average unit sizes.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Royal Atlantis Residences | 12733 | 3 | 2759 ft² |
| Palm Beach Towers | 10763 | 3 | 860 ft² |
| Signature Villas | 7610 | 7 | 10,350 ft² |
| W Residences | 4678 | 15 | 3246 ft² |
| Orla | 6681 | 4 | 5199 ft² |
| Garden Homes | 6565 | 11 | 7008 ft² |
| Ellington Beach House | 5152 | 11 | 1675 ft² |
| The Crescent | 4830 | 26 | 3562 ft² |
| Palm Beach Towers Residences 1 | 4745 | 7 | 1158 ft² |
| Serenia Living | 4577 | 3 | 1827 ft² |
| The Palm Tower | 4413 | 5 | 1087 ft² |
| Five Palm Jumeirah | 3611 | 8 | 1709 ft² |
| Palm Beach Towers 3 | 3714 | 5 | 1128 ft² |
| Palm Beach Towers 2 | 3544 | 8 | 2188 ft² |
| Oceana | 3443 | 7 | 2790 ft² |
| Fairmont Palm Residences | 3397 | 5 | 2783 ft² |
| Azizi Mina | 2704 | 4 | 1482 ft² |
| Royal Amwaj Residences | 2641 | 3 | 1928 ft² |
| Shoreline Apartments | 2596 | 12 | 1849 ft² |
| Marina Residences | 2209 | 5 | 2117 ft² |
| Golden Mile | 2166 | 4 | 4320 ft² |
Our own stock as of 28 August 2026: 250 lots across the Palm, median AED 8.2 million, average price per square foot AED 4,781. Includes projects with three or more lots and a reliable size — 48 lots whose size contradicted their bedroom count were excluded from the calculation.
Two hundred square metres for the price of a Downtown studio
The Palm in our database is 250 lots, with a median of AED 8.2 million. All six Marina Residences lots sit at half that median, with sizes around 2,117 sq ft.
A comparison worth keeping in mind: here a square foot costs AED 2,209 — cheaper than Business Bay's average of AED 3,585, and a third of the price at Royal Atlantis on the same island.
The explanation is age and position. The building is seventeen years old, and it stands by the marina on the trunk, not on a frond with beach access. For a buyer who wants an address and square footage rather than a beach outside the window, this is the best value on the Palm. For an investor, it's the slowest to grow.
propsearch factsheet: 15 storeys, 940 residences, developer Nakheel, handed over 2009. Our own stock as of 28 August 2026: 6 lots (sizes, prices, price per square foot), the island-wide price-per-square-foot table, and the Palm's and Business Bay's median and average.
What the complex has
Swimming pool
Gym
Spa and sauna
Children's area
Where it is
Frequently asked about Marina Residences
Who is the developer of Marina Residences?
Nakheel. The architecture is by Dar Al Handasah Consultants.
How many floors does Marina Residences have?
15 — that is the tallest building of the complex. The complex has 940 apartments.
Has Marina Residences been handed over?
Handed over: 2009. The property is complete, so after the deal you can move in or put it on the rental market at once.
Where is Marina Residences?
Palm Jumeirah. The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
How much does an apartment in Marina Residences cost?
The database currently holds 5 lots in this project, from 1 220 000 AED. Prices move every day, so it is worth asking for the current list for this building.
What is on site at Marina Residences?
Swimming pool, Gym, Spa and sauna, Children's area. The list comes from the project description and covers the whole complex.
In the news
What has been written about the building, its developer and Palm Jumeirah
Como Residences: 71 floors, 76 apartments, and a handover date that moved
Nakheel’s tallest building on Palm Jumeirah — one or two apartments per floor, an elevated private beach, an AED 1.8bn contract. Delivery has slipped from Q3 2027. What that costs a buyer, and how to read a schedule change.
Business Bay overtakes Palm Jumeirah in prime deals in August 2026, even as Dubai's wider market cools
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Dubai prime property 2022–2024: how the city became the world’s busiest $10m home market
Knight Frank counted 219 Dubai home sales above $10m in 2022, 434 in 2023 and a record 435 in 2024 (about $7bn). In the first half of 2023 Dubai overtook New York, Hong Kong and London. How a shortage of supply made Palm Jumeirah the core of the market — the background to 2025–2026.
BEYOND: three projects, three Dubai districts — and three very different buyer profiles
PASSO on Palm Jumeirah, Arancia Yards in City of Arabia and Soulever in Dubai Maritime City are all built by the same developer, BEYOND, yet each draws a different kind of investor. Why one brand does not mean one buyer profile.
Most expensive areas in Dubai: price per square foot and rents in 2026
On sales registered with the Dubai Land Department in the year to July 2026, Jumeirah 2 leads at about AED 7 560 per sq ft, followed by Trade Center 2, DIFC, Dubai Harbour and La Mer. The city median is about AED 1 716. How prices compare with rents, and when a costly square foot pays off.
Palm Jumeirah branded residences: ELA by Omniyat, run by Dorchester Collection, from AED 43m
ELA Residences is Omniyat’s ultra-prime scheme on the Palm Jumeirah crescent: Zaha Hadid Architects design, Dorchester Collection service, three- and four-bedroom homes and duplexes. Launched June 2024, under construction since May 2024, entry around AED 43m, handover still Q1 2028.
Dubai homes over $10 million: 500 sales in 2025 and a record 296 in the first half of 2026
Knight Frank counted 500 Dubai home sales above US$10m in 2025, worth US$9.05bn, against 30 in 2020. The first half of 2026 added 296 more worth US$5.1bn, a half-year record. Where the money went and why the top of the market held up.
Billionaires in Dubai in 2026: 43 residents and eighth place worldwide in the Altrata census, and what it means for prime property
Altrata's Billionaire Census 2026 counts 43 billionaires living in Dubai, joint eighth among world cities with Shenzhen. The UAE has 59 with a combined $201bn. How that shows up in Dubai's AED 100m-plus villa market, and what it does not change for everyone else.
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
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