The Pier Residence by LMD

The Pier Residence is a premium complex by LMD in Dubai Maritime City. The complex features a collection of thoughtfully designed fully-equipped 1-3 bedroom apartments. In total, there are 274 units on offer.

The property sizes range from 615 sq. ft to 2,007 sq. ft. The residences will have balconies and laundry rooms, whilst all 3-bedroom units will have private swimming pools.

Among the key features of The Pier Residence apartments will be a smart home system, spa-inspired bathrooms with Villeroy & Boch sanitary ware and premium kitchens with Bosch/Siemens appliances. These will include a fridge, an oven, a dishwasher, a stove, a coffee machine, and a washing machine.

Occupants of The Pier Residence will have access to many recreational facilities onsite, including 2 infinity pools, a fitness center, a padel court, a rooftop deck, a yoga studio, a running track, a residents’ lounge and an indoor children’s play area.

The Pier Residence offers a unique blend of luxury and convenience right next to Sheikh Zayed Road, Dubai’s central artery. Here, the city’s highlights, including Downtown Dubai, Business Bay, and Dubai International Airport, are merely 20 minutes away, ensuring easy commutes throughout Dubai.

Within a mere 15-minute drive, a world of essentials and conveniences unfurls. From the local Mina Rashid Shed 2 grocery store to the esteemed New Academy School and Little Diamond Nursery, your daily needs are well-addressed. Not to forget, BurJuman Mall and Aster Hospital Mankhool provide for your shopping and healthcare needs, with the cultural delights of Heritage Village close by.

Discover an exceptional investment opportunity at The Pier Residence, with competitive pricing starting at just AED 2.2K (USD 600) per sq. ft, notably lower than the starting rates of AED 2.7K (USD 735) per sq. ft in comparable waterfront complexes, according to the developer. This advantage underscores the value The Pier Residence offers within the prestigious Dubai Maritime City.

The average gross return on investment (ROI) for 1-bedroom apartments in this area stands at 6%, with starting annual rental prices of AED 75K (USD 26K). These figures accentuate the robust investment potential that The Pier Residence holds, with prospects only set to enhance as the surrounding area continues to develop.

Moreover, your investment in The Pier Residence positions you to benefit from exclusive residency opportunities. There is a 2-year or a 10-year visa, available for property purchases starting at AED 750K (USD 204K) and AED 2M (USD 545K) respectively.