Whether you are looking for a promising real estate investment or a dream home for your family, Dubai offers a superlative experience. Undoubtedly, Dubai real estate is the star performer of the UAE’s economy and buying luxury properties has always been a major attraction for high net worth individuals across the world. Investors and property buyers are spoilt for choice when it comes to buying a property in Dubai.
Over the past few years, the developer has opened up the market to a wider demographic by introducing affordable properties for sale in Dubai. On the contrary, if all you want is to experience luxury living, the emirate offers numerous options for luxury apartments for sale in Dubai. These opulent residences offer comfort and convenience as most of these apartments offer state-of-the-art modern lifestyle facilities, expansive floor plans, amazing views and timeless interiors.
If you are interested to invest in luxury apartments, consider the list of the most popular areas to buy apartments in Dubai.
The luxury of choice
What is the best about luxury living in Dubai? It is the diversity of luxury villas and apartments for sale in Dubai. From lavish villas to fully-serviced apartments, from premium townhouses to flamboyant penthouses – Dubai’s luxury properties’ options are matchless. You cannot find this type of massive choice spectrum anywhere else at this affordable price tag – and that too for a luxury property.
Though we have already established that luxury properties in Dubai are priced far less than in other leading cities in the world. However, you can get your hands on the finest and most premium properties in Dubai at an exorbitant price tag.
A 5 bedroom apartment in Dubai sold at a record-breaking price
Recently, a 5 bedroom apartment in Dubai is sold for AED163 million and is being one of the priciest real estate transactions in the emirate. The further details reveal that the penthouse is spanned over 22,614 and located at the Royal Atlantis Residence in Palm Jumeirah.
The 5 bedroom apartment is the largest penthouse on the Palm and includes:
- A triplex penthouse
- Located on 35, 36 and 37 floors (with an additional mezzanine level on level 37)
- A sky garden
- Two private pools
- Expansive terraces
- A private elevator
- Floor-to-ceiling glass windows
The residents will have 360-degree infinite views of the Arabian Sea and Palm Jumeirah. Palm Jumeirah is one of the most sought-after location, when it comes to finding the most premium and luxury residences in Dubai.
Note: Resort amenities include bespoke serviced a-la-carte packages, spa treatment rooms, steam and sauna rooms, a 90-metre infinity sky pool, a private fully-equipped gym, access to over 40 eateries and restaurants, and tennis courts, to name a few.
The city is brimming with numerous deluxe apartments, suave villas and majestic penthouses punctuating captivating views and offering state-of-the-art facilities. Previously, a plush villa was sold for AED280 million in Dubai, setting a new record with the highest price tag.
August – The star performer in 2022
Backed by strong demand from expatriates and foreign investors, the prices for properties for sale in Dubai have been continuously increasing since the 3rd quarter of 2021. Around 9,450 deals were recorded in Dubai in August 2022 alone – valuing nearly AED24 billion, with sales increasing by more than 65 per cent as compared to July 2022.
“The month of August can be considered as the best performing time of the year 2022, the best over years. It ranks second in performance criteria after the unmatched successes recorded in March 2010 with 9,650 deals. The average real estate price per square foot has now fully recovered after the contraction that was experienced during the COVID-19 pandemic in 2020. It is a positive indicator for all types of ready-made and off-plan properties as the average price of off-plan real estate also rose in August to cross Dh1.6 million,” CEO Fam Properties, Firas Al-Msaddi said.
Business Bay – The best performing neighbourhood for apartments
Business Bay exhibited the best performance in August 2022 – with 435 ready-to-move apartments deals closed for AED670 million and 647 transactions recorded for off-plan apartments valued around AED1 billion.
DAMAC – The most sought-after name for villas
In August 2022, 695 off-plan villa deals were closed for AED1.9 billion at DAMAC Lagoons and around 184 transactions took place for ready accommodations at Akoya Oxygen for AED235 million.
Call us today!
If you are searching for luxury properties for sale in Dubai, you must contact the team HFRE at +971 4876 2473 or write us your query at info@hfre.ae, as no one knows the market better than us. Moreover, we have vetted every luxury property listing and we can suggest you the best investment options that fit into your budget and match your investment goals. We will also stand by your side until the deal is closed.
