Almost every neighborhood in Dubai remains a good choice for buying properties, but where are the best places to buy luxury apartments?
Apartment prices are expected to increase steadily post-pandemic, as evidenced by a strong sales momentum for luxury flats, according to Driven Properties, the leading luxury property broker in the emirate.
According to the Dubai Land Department (DLD), property sales in February 2022 amounted to almost AED 16.3 million (US $4.4 million-plus).
DLD described the month as the “highest February ever” based on sales volume and value, up 71% and 125% year-over-year, respectively.
The four communities below represent some of the best you will find in Dubai. Read on to learn where to find the finest luxury apartments in the spectacular city.
1. Business Bay
A luxury apartment purchase in Business Bay means that you’ll live less than 15 minutes away from Downtown Dubai.
Many expatriates live in Business Bay because of its reputation as a major commercial and financial district.
Some luxury apartment buyers even acquired properties just to have a clear view of the Burj Khalifa from their homes.
The private view from above has added a touch of exclusivity for apartments in Business Bay, according to Driven Properties. A new luxury apartment may cost more than AED 1,400 per square foot.
You could still spend a small amount on a penthouse in Business Bay. For example, a four-bedroom penthouse in Residence 22 had a listing price of almost US $1.2 million.
A more luxurious apartment may cost over US $4 million such as coveted units from the Dorchester Collection Dubai.
2. Dubai Marina
As the world’s largest man-made marina, an apartment purchase in Dubai Marina allows you to live in one of the city’s most exclusive communities.
The district’s vibe emulates a French Riviera atmosphere, capped by waterfront developments within a short distance from Dubai’s key areas:
- Al Barsha
- Downtown Dubai
- Dubai Internet City
- Dubai Media City
Sheikh Zayed Road connects residents in Dubai Marina to the rest of the emirate’s localities. A luxury apartment in the community may cost over AED 1,500 per square foot.
According to the DLD, you may find more resale apartments in Dubai Marina than in Business Bay.
3. Jumeirah Village Circle (JVC)
The JVC community provides everything for an expatriate family from nearby daycare centers to schools:
- Global Indian International School
- JSS International School
- Kids World Nursery JVC
- Sunmarke School
- UEG School
For this reason, the neighborhood has become a popular family-friendly place. Even singles choose to live in JVC to escape the fast-paced lifestyle in Dubai’s city center.
You should expect to see more low-rise apartment buildings in the area, although there are skyscrapers on JVC’s outskirts.
A luxury apartment may cost more than AED 820 per square foot. If you prefer a flat with a seaside view, the Palm Jumeirah community is a better choice.
4. Palm Jumeirah
The price of luxury apartments in Palm Jumeirah may cost more than US $4 million. The One at Palm Jumeirah development offers some of the best waterfront apartments in Dubai.
For example, a fully furnished three-bedroom apartment costs almost US $4.2 million. The luxury flat’s total area spans over 3,500 square feet.
Resale apartments may cost AED 4 million (US $1.1million) for a unit with almost 1,750 square feet in total area.
Palm Jumeirah attracts people from all walks of life partly because of its world-class resorts. The man-made island made it possible for apartment residents to enjoy a waterfront lifestyle, while admiring unmatched views of the Dubai skyline.
Still undecided if you should invest in Dubai? Click here to see a detailed guide from Driven Properties.