Penthouses in Dubai are located in the central part of the city and on the coast. Most of this housing stock is in areas with many high-rise buildings. Foreign buyers purchase spacious residences for renting out, seasonal holidays, and relocation. Investing in overseas real estate is the easiest way to hedge against inflation and earn a steady income. Below we’re going to profile some of Dubai’s popular areas, where you can buy prestigious housing for investment or permanent residence.
Contents:
- Why is the UAE’s Dubai a great place to buy a penthouse?
- Where is the best place to buy a penthouse in Dubai?
- The nuances of buying a penthouse in Dubai
- Experts are here to help
Why is the UAE’s Dubai a great place to buy a penthouse?
There are several reasons to buy a premium property in one of the most famous cities in the United Arab Emirates, such as:
- Prestige: Penthouses are a symbol of status and luxury.
- Comfort: The spacious apartments are equally comfortable for families with children and pensioners.
- Privacy: Contact with neighbours is kept to a minimum
- Luxurious views from the windows
- Additional amenities, depending on the layout. These may include a private elevator, a private pool, and a jacuzzi.
Another significant advantage is the investment potential. Penthouses are limited, so they are in high demand. Comfortable housing is popular, so investors can always resell it successfully. There was a recent increase in value capitalisation in Dubai, so purchasing a property can be profitable for the shrewd investor. The highest income is from resale after purchasing housing under development.
Where is the best place to buy a penthouse in Dubai?
It’s important for expats to decide whether they genuinely want to acquire real estate before buying. An expat should carefully study the infrastructure of the area before moving. Selection criteria are always individual, but families with children must be close to educational institutions. Retirees often prefer residential complexes with hotel services that allow them to live in a resort-like atmosphere. The geographical location relative to the city’s business centre is relevant for young specialists. An investor should consider areas with a large tourist flow if they want to invest. These can be central communities, where the main attractions of the metropolis are located, as well as areas on the sea coast. The following section goes over the most popular regions for penthouse purchases.
Downtown Dubai
The city’s central district is famous for its iconic places. There are many skyscrapers in the area; the most well-known skyscraper is the Burj Khalifa. Modern buildings are of high quality and original. Upper-floor residences cost AED 13 million (USD 3.5 million). However, prices for these kinds of properties vary because you can find ads offering housing for AED 50 million (USD 13.5 million) or more. You can invest in an apartment and make AED 400,000 (USD 109,000) annually.
Dubai Marina
Where to buy a penthouse in Dubai near the sea? This location is ideal for those looking for a penthouse by the sea. The resort area attracts tourists and is convenient for living. You can reach any city district because the city’s transport infrastructure is well-developed. Everything you need for energy is here. Housing prices depend on the type of complex, exclusivity, and bedrooms. You can purchase a four-bedroom penthouse for AED 3.5 million (USD 953,000). Luxury housing with five bedrooms costs a minimum of AED 6 million (USD 1.63 million). The price goes all the way up to AED 75 million (USD 20.5 million). Rent starts at AED 255,000 (USD 68,000) per year.
Palm Jumeirah
The island is among the top regions for housing demand. This residential community has a luxurious appearance that resembles a resort rather than a typical urban area. A bridge connects the artificial archipelago to the mainland, and the city centre can be reached in 20 minutes. Island projects are exclusive, and therefore, real estate costs are high. The price of penthouses starts from AED 6 million (USD 1.63 million) to AED 250 million (USD 68 million) and more. The property is of high quality and has a high investment return. The rent can be up to AED 500,000 (USD 136,000) per year, depending on the property’s characteristics.
Business Bay
Initially, this area was the metropolis’ business centre. Popularity for real estate in the area grew, and residential buildings starting poppping up here. Modern buildings are located on the Dubai Canal, and the buildings are close to the city centre. Most penthouses have four bedrooms. Prices start at AED 4.85 million (USD 1.32 million). The returns on real estate investments from rentals can range from AED 220,000 (USD 60,000) to AED 600,000 (USD 163,500).
The nuances of buying a penthouse in Dubai
What to consider when purchasing
- The UAE’s legal system has its peculiarities. You will need qualified professionals when buying a property.
- The price of the property shown in the ad does not include additional costs: fees required at ownership registration.
- Do not ignore housing units under development. Despite the fact that a development property cannot be moved into immediately, its prices are very affordable. Purchase a penthouse at the start of sales. In most cases, vacant apartments for this layout are already sold when construction is completed.
Experts are here to help
You can find the latest penthouse sales offers on the website. Ready-made and under-construction units are available in all prestigious locations in Dubai and other regions.
Specialists are ready to help with real estate choices and provide legal support for the transaction. Please do not delay your search for prestigious real estate — start right away.
