Luxury Property for Sale in Dubai

Elite real estate in Dubai remains in demand regardless of the economic situation worldwide. High liquidity and a more affordable cost compared to similar properties in Europe make it popular among buyers from other countries. Many foreign citizens prefer elite houses and apartments because they represent a valuable asset that can bring good income.

Dubai is famous for its high concentration of premium real estate properties. Buyers are offered luxurious villas, spacious apartments, and ultra-modern penthouses that combine striking architecture, aesthetics, and progressive technologies. Most offerings are distinguished by their advantageous locations. The best houses and apartments are located in gated communities, prestigious areas of the city, near picturesque beaches.

Benefits of buying elite real estate in Dubai

Premium housing in Dubai allows for making a profitable capital investment and enjoying a comfortable life in one of the most dazzling metropolises on our planet. Buying Dubai luxury real estate here has many advantages:

• High liquidity. If necessary, Dubai luxury homes can be quickly sold, as elite real estate is always in demand among investors. When selling, the owner not only does not lose but also increases their capital.
• Affordable prices. The cost of fashionable villas or apartments in Dubai is quite accessible compared to housing in many cities in Europe and the USA.
• High profitability. When renting out premises, one can receive a good income – up to 10% per year.
• Transaction security. When buying/selling property, one can rely on the confidentiality of personal information and documentary “transparency.”
• World-class amenities. Mansions and premium-class apartments are usually located in modern complexes equipped with everything necessary to ensure the comfort of residents – parking lots, swimming pools, spa centers, shops, lounge areas.

Popular areas for buying elite and luxury real estate in Dubai

Dubai has many attractive places that are popular among buyers of elite real estate. The most sought-after areas include:

• Business Bay – a commercial district with skyscrapers and developed infrastructure. Elite real estate is represented by apartments and penthouses with panoramic views.
• Dubai Marina – a modern district located along an artificial canal. Here, one can find apartments with views of the marina.
• Downtown Dubai – the cultural and business center of the city. The best real estate offerings in this area are in the Burj Khalifa tower.
• Dubai Hills – a premium suburban area with private development. One of its clusters features fashionable mansions and golf courses.
• Palm Jumeirah – an artificial archipelago where spacious villas with private beaches and magnificent sea views are offered for sale.
• JVC (Jumeirah Village Circle) – a quiet community in the center of Dubai for family living. High-class villas, apartments, and townhouses are available for purchase within its territory.
• Dubai Harbor – another business district of the city where one can buy spacious apartments and luxurious penthouses.
• Emaar Beachfront – a developing area near Dubai Marina with a wide selection of apartments and private houses.
• Arabian Ranches – an elite community that includes townhouse complexes and respectable villas.
• Sobha Hartland – a young district near the center with a large green area. Various types of real estate are available for choice – from apartments in high-rise buildings to standalone villas and townhouses.
• Damac Lagoons – a new project from the developer DAMAC Properties, consisting of several clusters. The territory features elegant villas, townhouses in the Greek style, apartment buildings with luxurious apartments.
• Damac Hills – a large community in Dubailand with premium infrastructure and elite real estate for every taste.
• Dubai South – a young community with medium-rise buildings where luxurious apartments with all amenities are offered for sale.

Main types of Dubai luxury property for sale

Buying elite real estate in Dubai opens up a wide range of housing options to investors. In the city, one can buy:

• Apartments – spacious units with 1–5 bedrooms and carefully thought-out layouts. Apartments feature good insulation and often offer beautiful sea views.
• Villas – luxurious private houses with 2–3 floors, designed for 3–8 bedrooms. They have swimming pools, garages for several cars, and land plots.
• Penthouses – luxurious apartments on the upper levels of high-rise buildings. They can occupy several floors and be equipped with open terraces with stunning views of the Persian Gulf.
• Townhouses – multi-level apartments in private houses. They are often located in gated communities and have a magnificent premium-class finish.
• Commercial real estate – represented by hotel rooms, offices in business centers, purchased for conducting business activities.

What the cost of elite real estate depends on 

The cost of elite real estate in Dubai depends on a multitude of factors. The pricing policy in the luxury real estate market is influenced by several key factors. The low unemployment rate and stable economy of the emirate contribute to a continuous increase in property prices, even in unfavorable economic forecasts worldwide.

Prices are also affected by the number of residential complexes being delivered. The Dubai master plan does not currently include active development of territories, so in the coming years, there may be a shortage of offerings. As a result, there is an increase in demand for existing real estate and a rise in prices per square meter.

Other criteria influencing housing prices include the type of real estate, location, and amenities. Individual characteristics of the property, such as size and number of bedrooms, largely influence the price formation.

Prices for prestige and luxury real estate in Dubai

The prices for elite real estate in Dubai are a steadily growing market that is constantly replenished with new properties. Its main players are large developers (DAMAC, Meraas, Emaar Properties, etc.), offering buyers new premium-class residential complexes with their own infrastructure, beautiful parks, and artificial reservoirs. The status of such properties invariably affects the cost of residential premises. Elite apartments and villas are more expensive than standard apartments but offer tenants exclusive living conditions.

Let’s consider the average prices for elite real estate in some popular areas of the city as of 2023:

• RUBA community – townhouses and spacious villas range from 1.8 to 2.2 million AED.
• THE GROVE residential complex – luxurious penthouses and apartments range from 2.4 to 9.1 million AED.
• ONE community on Palm Jumeirah – four-bedroom apartments range from 28.9 to 33.2 million AED.
• THE SPRING community – three-bedroom townhouses range from 1.3 million AED, four-bedroom townhouses range from 1.7 to 1.9 million AED.
• IL PRIMO complex – apartments and penthouses range from 19.5 to 49.1 million AED.

Investing in luxury property for sale in Dubai

Investing in elite real estate in Dubai is an attractive opportunity for foreign citizens. Premium-class properties do not pose problems with subsequent resale and can bring stable passive income from rental. The main advantages of investing in luxury villas or apartments include:

• Stable increase in prices per square meter.
• The opportunity to buy luxury property in Dubai in one of the safest and most developed countries in the world.
• Political neutrality of the UAE, absence of any sanctions.
• Stable exchange rate of the local currency, independent of the political or economic situation in the world.
• Minimal taxation, no income tax.
• Various ways to purchase property, including installment plans or cryptocurrency payment.
• High profitability when renting out property – up to 10% per annum.
• Constant demand both for buying apartments and houses and for renting out.
• The opportunity to obtain a residence visa for 2 or 10 years (depending on the cost of housing).
• Easy registration of transactions with the Land Department.

Benefits of collaborating with Alira:

Alira Real Estate can help you find suitable housing in prestigious areas of Dubai. We have years of experience in the real estate sector in the UAE and provide professional assistance in buying, selling, or renting out properties. Cooperation with us has many advantages:

• Services from a luxury real estate agency in Dubai with an impeccable reputation in the market.
• Individual approach to client requests.
• Guarantee of confidentiality of buyer’s personal information.
• Professionalism, services from experienced specialists who are well-versed in all the nuances of local legislation.
• Large database of real estate properties, only verified and up-to-date offers.
• Convenient search system on the website, the ability to sort properties by parameters of interest.
• Useful information about the real estate in the Emirates, sales statistics, and always fresh news.
  

Use Alira Real Estate’s assistance to buy elite real estate in Dubai, UAE, profitably and safely. We will provide qualified technical support, legal support, and comprehensive after-sales service. You can schedule a consultation with our specialists by email at info@alirarealestate.com, through a special form on the website, or by phone at +971 (588) 337 903, +7 (986) 927-73-77.