National Bonds: when the developer is a savings institution
A regulated savings company that also develops property. What an institutional balance sheet changes for an off-plan buyer, and where it makes no difference at all.
Sulafa Tower
Dubai Marina · National Bonds
Project factsheet
Storeys 75
Units in the building 702
Height 285 m
Developer National Bonds
Status Completed
Completed 2010
District Dubai Marina
About the building
75-storey residential building in Dubai Marina, completed in 2010. Developer — National Bonds.
What the building has
- Swimming pool
- Spa and sauna
- Parking
Specifications for Sulafa Tower per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Sulafa Tower is a 75-storey residential building in Dubai Marina, completed in 2010.
The developer is National Bonds.
The building holds 702 apartments in total. Height — 285 metres.
The database currently holds 2 lots in this project, from 1 600 000 AED.
75 storeys and 702 residences in Dubai Marina, handed over in 2010 by National Bonds — a government-linked developer, unusual ownership for a Marina tower of this scale.
What it is
Sulafa Tower is a residential skyscraper in Dubai Marina developed by National Bonds, a UAE government-backed savings institution rather than a conventional private developer. 75 storeys, 702 residences.
That ownership structure is worth knowing on its own terms: a government-linked developer carries a different risk profile from a private one — typically lower construction risk, but also a different set of incentives around pricing and resale support than a purely commercial builder.
Our own stock: average AED 2,057/ft² (~$560/ft²) — squarely mid-table for the Marina, neither a premium nor a discount address.
Price per square foot across the Marina
Sulafa Tower sits close to the Marina median rather than at either extreme — a fair reflection of a well-built, unremarkable-by-design tower fifteen years into its life.
| 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 "government-linked" changes and does not
For an international buyer weighing developer risk the way they would in any market — a state-backed builder in Singapore, a housing-authority scheme in London — the practical difference here is mostly at the construction stage, which is already behind this building: it is complete and has been occupied for fifteen years.
What matters now is the same as for any fifteen-year-old tower regardless of who built it: facade condition, lift maintenance, and the owners' association reserve fund. Ownership history explains how the building got built; it does not exempt it from ordinary ageing.
The mid-table price reflects that reality accurately — Sulafa Tower is priced as a solid, ordinary Marina address, which is what the numbers say it is.
Factsheet: 75 storeys, 702 residences, developer National Bonds, handed over 2010. Our own stock as of 28 August 2026: lots (size, price, price per square foot), price-per-square-foot table across Marina towers, district median.
What the complex has
Swimming pool
Spa and sauna
Parking
Where it is
Frequently asked about Sulafa Tower
Who is the developer of Sulafa Tower?
National Bonds.
How many floors does Sulafa Tower have?
75. The building has 702 apartments, 285 m tall.
Has Sulafa Tower been handed over?
Yes. Sulafa Tower was handed over in 2010 — it is ready housing you can live in or let straight after the deal.
Where is Sulafa 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 Sulafa Tower cost?
The database currently holds 2 lots in this project, from 1 600 000 AED. The list changes daily — I will send a fresh selection for the building on request.
What is on site at Sulafa Tower?
Swimming pool, Spa and sauna, Parking. 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 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
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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