– Marina 101 Analysis
Marina 101 is a 425 meter tall building that was launched in 2007. It was scheduled to be completed in 2014 and was to be the second tallest building in Dubai behind the Burj Khalifa, playing host to hotel rooms, apartments and restaurants. Due to financial and legal complications, the development of the project has been stop-start over the last 17 years. However, recent market activity, such as a surge in price and a resuscitation of sales as well as speculation around new owners and developers being brought on, has revived interest in the project despite a lack of concrete information in the public domain.
– Six Senses Residences Dubai Marina Comparison
By way of comparison, we can examine another formerly stalled project in Dubai Marina. Formerly known as Pentominium Tower, the project was stalled in late 2011 and sales stopped shortly thereafter as the building remained in a state of limbo for over ten years. Select Group acquired the building in late 2023, and was able to successfully relaunch it under its new name: Six Senses Residences Dubai Marina. Consequently, when sales resumed in 2024, transaction prices skyrocketed just as they have with Marina 101.