Penthouses in Dubai by the sea is a high-end property, indicating the high status of its owner. Elite apartments are created in limited series and quickly find their buyers, despite the high cost. Such housing is being developed in prestigious locations - on the seashore, in the city centre, in well-developed areas with a rich infrastructure, beautiful views, and famous sights.
Purchasing penthouse in Dubai
Residences on the upper floors of a multi-storey facility allow you to lead the most private lifestyle. Usually there are 1 or 2 premium-class residences under the roof. The project may include 1- or 2-level housing. Penthouses are highly appreciated for panoramic views from windows, large areas, and a wide range of additional amenities. Some of the benefits of this property type include:
- Kudos. The limited supply makes the residences popular and always sought-after. The unique housing features high liquidity, so if desired, it can be easily sold at a higher cost.
- Comfort. In terms of the number of rooms and the availability of amenities, a penthouse can be compared to a private mansion. This is especially true for 2-level apartments.
- Privacy and silence. In residences on the top floors, contacts with neighbours are kept to a minimum. There is also no outside noise from the street.
Luxury amenities may include a sauna or a jacuzzi, a private swimming pool, a landscaped garden, and a cinema. Separate rooms are provided for service personnel.
Penthouse prices in Dubai
In terms of cost, this property type often overtakes the usual spacious apartments with several bedrooms. Prices are higher due to the larger area, as well as the property’s uniqueness. Housing with a swimming pool, a terrace, and additional functional premises cannot be low-prices. These properties’ prices are also higher because of artist-designed interiors, which most often use expensive materials, and internal filling. The developer can coordinate the project with the future resident and offer both housing with nothing inside it or residences with furniture and household appliances.
The cost of penthouses in Dubai, UAE can vary significantly. A penthouse in Dubai South with 2 bedrooms and 3 bathrooms will cost AED1,300,000 ($354,000). But this is more of an exception to the rule, as the average price of penthouses is AED5,000,000 to AED6,000,000 ($1,360,000 to $1,630,000). The price of spacious apartments with 4-6 bedrooms can reach several tens of millions of dollars.
In free ownership zones, foreign citizens can buy an investment penthouse apartment and fully dispose of real estate as private property. Housing in the emirate is steadily rising in price, so investing in a penthouse in Dubai will save money from inflation and increase it. In 2022, the average increase in property prices ranged from 9% to 23%, and these figures were demonstrated by all Dubai districts. In prestigious locations with high-end housing, the figures are higher and can reach 100%.
Premium housing stock is in demand not only for purchase, but also for rent. Wealthy people prefer to relax in comfort. Rents are growing along with sales figures, which allows owners to receive a consistently high income. Penthouse rentals range from AED240,000 ($65,500) to AED2,100,000 ($571,500) per year.
Popular districts
Unique real estate is not offered in every community. This is due not only to the location, but also to the design activities of developers. Elite penthouses in Dubai are found in premium-class complexes. If the development offers low-budget properties, it is highly likely that luxury apartments will not be provided in it. Besides, each area is dominated by developments of a certain type. In communities where the main type of housing stock is villas or townhouses, it is difficult to find a penthouse. The most popular areas for purchasing spacious top floor residences are:
- Palm Jumeirah. The legendary man-made island is surrounded by water from all sides, so here you can find housing not only with a sea view, but also within walking distance from the beach. Each of the projects in the community is unique in its own way and features a one-of-its-kind architectural style.
- Downtown Dubai. This is the central district of the city, the concentration of tourist life and iconic attractions. There are many skyscrapers in the community, where you can buy apartments on the top floors with a variety of layouts. The most premium are two-storey penthouses in Dubai. Since the community doesn’t have direct access to the sea, most of the apartments come with a swimming pool.
- Dubai Marina is a popular resort cluster of the metropolis, located on the seashore. The area ranks first in terms of the number of high-rise buildings, so the choice of premium real estate here is quite large. You can find penthouses in waterfront towers right by the sea.
- Business Bay is the centre of the city's business activity, where residential stock is adjacent to commercial hubs. There are several residential complexes from popular developers, on the upper floors of which 1 or 2 penthouses are offered.
Lifestyle
Spacious layouts allow you to live a comfortable lifestyle on your own. The multi-room apartment is great for hosting friends and parties. You can watch a movie in the private cinema or work out in the gym. Some penthouses even have an artificial mini golf course. The presence of a swimming pool allows you to swim at any time convenient for your. At the same time, in the skyscrapers themselves, where the apartments are located, there are numerous additional amenities. It can be conference rooms for doing business, children's clubs, restaurants, and a wide range of services that allow you to live like in a hotel.
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