Mismak Properties: district cooling, the bill nobody expects
A developer with a Dubai Marina tower from 2010. Most large Dubai buildings buy their air conditioning from a utility, and its charging structure catches out almost every new owner.
Opal Tower
Dubai Marina · Mismak Properties
Project factsheet
Storeys 31
Developer Mismak Properties
Status Completed
Completed 2010
District Dubai Marina
About the building
31-storey residential building in Dubai Marina, completed in 2010. Developer — Mismak Properties. Architect — Archgroup Consultants.
Specifications for Opal Tower per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Opal Tower is a 31-storey residential building in Dubai Marina, completed in 2010.
The developer is Mismak Properties. The architecture is by Archgroup Consultants.
The database currently holds 2 lots in this project, from 1 800 000 AED.
Thirty-one storeys in Dubai Marina by Mismak Properties, handed over in 2010. Two listings in our own stock at AED 1.8 million (~$490K) and AED 2.2 million (~$600K) — one of the most affordable entry points in the district.
What it is
Opal Tower is a 31-storey residential tower handed over in 2010 by developer Mismak Properties. The architect is Archgroup Consultants.
Our own stock carries two listings: one- and two-bedrooms, around 1,524 square feet, priced at AED 1.8 million and AED 2.2 million.
Under two and a half million dirhams for an apartment in Dubai Marina is a figure the district has almost none of. The median here is AED 3.7 million (~$1.0M).
Half the median — why
Dubai Marina in our database — 266 lots, median AED 3.7 million at an average of AED 2,588 per square foot. Both Opal Tower listings sit roughly half the median.
A price like that in a completed building usually comes down to one of three things: the building's age, its position deeper in the district, or a view that runs straight into a neighbouring tower. All three can be checked before a deal, and none of them shows up in the listing.
Sixteen years in service is the age of a first cycle of capital works. A low entry price sometimes comes with exactly that — repairs about to fall on the owners.
| Tower | AED / ft² | Lots | Avg. size | Avg. price, AED m |
|---|---|---|---|---|
| Six Senses Residences | 7000 | 3 | 13,788 ft² | 85.67 |
| Vida Residences | 3685 | 4 | 1882 ft² | 6.85 |
| LIV Marina | 3534 | 6 | 1527 ft² | 5.43 |
| Marina Shores | 3301 | 11 | 1201 ft² | 3.85 |
| Marina Gate | 3284 | 5 | 1875 ft² | 6.00 |
| Stella Maris | 2874 | 3 | 3066 ft² | 9.06 |
| LIV Residence | 2626 | 3 | 1764 ft² | 4.63 |
| Al Majara | 2583 | 6 | 1365 ft² | 3.52 |
| Dubai Marina Towers | 2427 | 11 | 2424 ft² | 5.78 |
| Damac Heights | 2351 | 6 | 1761 ft² | 3.96 |
| Cayan Tower | 2325 | 3 | 3549 ft² | 7.67 |
| Marina Promenade | 2272 | 6 | 1748 ft² | 3.86 |
| Princess Tower | 1958 | 4 | 1952 ft² | 3.91 |
| Dorra Bay | 1685 | 3 | 1867 ft² | 3.11 |
| Emirates Crown | 1414 | 6 | 3469 ft² | 4.87 |
| Marina Crown | 1412 | 6 | 2739 ft² | 3.89 |
| Al Seef Tower | 1377 | 7 | 3553 ft² | 4.89 |
| Horizon Tower | 1327 | 3 | 2499 ft² | 3.32 |
Our own stock as of 28 August 2026, towers with three or more lots and a known area. District average — AED 2,588/ft², median lot AED 3.7 million out of 266 lots.
What to check in an affordable lot
The order of checks matters more here than in an expensive building, because there's less margin for error.
First: the owners' association minutes and the size of the reserve fund — they show what's ahead. Second: the service charge rate (the annual per-square-foot fee for building upkeep) — in older buildings it can run higher than in newer ones and eats into yield. Third: the view and the floor, because those are what create the price gap within the building itself.
If the price still looks low after all three checks, it's a genuine way into the district that would otherwise cost twice as much.
propsearch building record: 31 storeys, developer Mismak Properties, architect Archgroup Consultants, handed over 2010. Our own stock as of 28 August 2026: 2 lots (sizes, bedrooms, prices), and the median and price per square foot for Dubai Marina.
Where it is
Frequently asked about Opal Tower
Who is the developer of Opal Tower?
Mismak Properties. The architecture is by Archgroup Consultants.
How many floors does Opal Tower have?
31.
Has Opal Tower been handed over?
Yes. Opal Tower was handed over in 2010 — it is ready housing you can live in or let straight after the deal.
Where is Opal Tower?
Dubai Marina. The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.
How much does an apartment in Opal Tower cost?
The database currently holds 2 lots in this project, from 1 800 000 AED. Prices in the base are live and update every day; ask for the current list for the building before deciding.
In the news
What has been written about the building, its developer and Dubai Marina
Vida Residences +117%: what the Dubai Marina project statistics actually show
The largest developer’s return to Dubai Marina prompted a look at its earlier projects there. The valuable number in that statistic is not the growth percentage.
Dubai Marina: five of the ten tallest residential buildings in the world
A district designed from nothing on a Vancouver waterfront model, built between 2003 and 2008. The numbers behind it, and what a fully man-made location tells you about how value is created in Dubai.
Orra Real Estate Development: JLT or the Marina, two districts a road apart
A developer with buildings on both sides of Sheikh Zayed Road. The two districts look interchangeable on a map and behave differently — here is what the price gap actually buys.
Halcon Real Estate: how to spot a building where nobody is in charge
A Dubai Marina tower from 2011. In buildings owned mostly by absent investors, decisions stop being made — and the symptoms are visible in an afternoon if you know them.
Condor Group: buying a just-finished flat from someone who never lived in it
A Dubai Marina tower completed in 2023. Much of the stock in a newly delivered building is sold on by off-plan investors — and buying from one is its own transaction.
Scope Investment: a 2022 tower, and the first wave of resales
A Dubai Marina tower completed a few years ago. Buildings at this age go through a predictable event that shapes their prices — and it is a buying opportunity if you can see it.
ABA Real Estate Development: building on the last plots of a finished district
A tall branded tower under construction in Dubai Marina. Infill development in a built-out district has a particular economics — for the buyer and for the neighbours.
ETA Star: an engineering group that built apartments
The property arm of a large regional engineering and contracting group, with towers in the Marina and on the Palm. What an engineering parent means in a delivered building.
Where this project stands today
Message me for the free layouts in Opal Tower, the real entry price and what owners and tenants say — not the brochure copy.
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