Here are fresh photos of the Vida Residences complex, taken by Oleg Torbosov during a recent walk through Dubai Marina. A friend of his, who lives there, suggested he explore the project for future flipping investments. Although Oleg declined the idea, he still decided to study the Vida tower by the canal in detail. The project was completed in 2023 – brand new.
The interiors of the common areas were designed by VIDA hotel designers, creating cozy lounges, corridors, and a lobby in warm beige tones. There's an abundance of wood and stylish decor. The DMCC metro is just 100 meters away. Right by the building, there's a private yacht club. Residents also have access to a cozy gym and a swimming pool with a bar on the 12th floor, overlooking the marina.
In the past year, 80 apartments were sold on the secondary market. Sales started in 2018. Back then, prices were:
One-bedroom – from $270,000;
Two-bedroom – from $450,000;
Three-bedroom – from $830,000.
In seven years, prices for one- and two-bedroom units have doubled. Prices for three-bedroom units have increased by 70%. Early investors in the project have already earned 20% annual returns in dollars. Current rental yields are:
$50,000 per year – for a one-bedroom unit;
$65,000 per year – for a two-bedroom unit;
$95,000 per year – for a three-bedroom unit.
The most profitable units in the project turned out to be the one-bedrooms. When rented out, the ROI reaches up to 13% for those who bought at the construction stage, or up to 6% for those buying now.
