Dubai is associated with wealth, posh places and luxury. It evokes a city of skyscrapers with the most expensive property in Dubai and luxurious mansions. While the metropolis is diversified and caters to all population strata, it is true that you will find posh areas in Dubai where elite real estate is the norm. In this article we will tell you about the five most expensive residential areas and most expensive property in Dubai where the housing meets the highest possible standards.
Property prices: from AED 900,000 (USD 245,000) to AED 365 million (USD 100 million)
Rent: from AED 84,744 (USD 23,000) per year
The top of residential areas in Dubai opens Palm Jumeirah. As a result of the rapid growth of the region, an increasing number of tourists and wealthy expats come to Dubai every year. At the same time, until recently the coastline suitable for a beach holiday was only 72 km long, which clearly failed to meet growing demand. This led the authorities to increase the area of the city through the creation of artificial islands. The first and most famous was Palm Jumeirah which appeared in 2006 and then become the richest place in Dubai. The tropical tree-shaped island is unofficially considered the eighth wonder of the world. Most of the properties on the island are luxury villas and hotels. A long coastline, five shopping centres, one of the most famous water parks Aquaventure Waterpark and stunning views of Dubai make this place attractive to investors. In addition, you have an opportunity to be neighbours with some stars, for example, David Beckham.
Palm Jumeirah residential complexes offer hotel-type studio flats (without a kitchen) for just under AED 1 million (USD 272,000). By contrast, in exchange for AED 250 million (USD 68 million) you can own a villa in the dubai posh area with ten bedrooms and a garage for ten cars. Property developers will offer you for AED 350 million (USD 95 million) a three-storey penthouse with pools and panoramic views of the sea and rich part of Dubai city.
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Property prices: from AED 445,000 (USD 121,000) to AED 350 million (USD 95 million)
Rent: from AED 47,568 (USD 13,000) per year
As a rule, Dubai Marina residents prefer flats to villas. They make themselves at home in posh skyscrapers with yachts parked next door: a large marina is located within walking distance of most buildings. There is also a two-kilometre one of the richest neighborhood in Dubai.
In the coastal district Jumeirah Beach Residence you will find the popular beach, aptly named The Beach, opposite The Walk. The promenade itself has more than 70 shops and restaurants offering Arabic and Greek cuisines, as well as pastry shops. The residential sector includes a number of cafes, green areas, large playgrounds and boulevards.
An unfurnished studio in Dubai Marina costs AED 445,000 (USD 121,000). A duplex penthouse with five bedrooms, seven bathrooms, a private cinema and an infinity pool will set you back AED 75,000,000 (USD 20,400,000). Meanwhile investors can purchase an entire building in such a rich place in Dubai for AED 350,000,000 (USD 95,000,000).
Property prices: from AED 8,000,000 (USD 2,200,000) to AED 225,000,000 (USD 61,000,000)
Rent: from AED 227,689 (USD 62,000) per year
Emirates Hills, which includes almost 600 villas, was originally designed as an elite area for the wealthiest people of the emirate, with the creation of an oasis with artificial channels and plenty of greenery. Emirates Hills is one of the top residential family areas in Dubai. There is an extensive green area for children. You will find nearby a number of educational institutions, such as Dubai International Private Academy and Regent International School. Emirates Hills has gyms, cycling and jogging trails. It is also home to one of the emirate's most popular golf clubs, Montgomerie.
You can buy a small unfurnished villa with three bedrooms and two parking spaces in this rich neighborhood in Dubai for AED 8,000,000 (USD 2,200,000). Anyone ready to pay 30 times as much can acquire a giant mansion with seven bedrooms and separate rooms for the home help and driver.
You can check out new properties and prices in Emirates Hills by clicking here.
Property prices: from AED 780,000 (USD 212 ,000) to AED 300 million (USD 81.7 million)
Rent: from AED 160,000 (USD 43,500) per year
Located near the Burj Al Arab skyscraper, this area is one of the richest places in Dubai and has a long coastline popular with surfers (the waves here are just right). Umm Suqeim is also home to the oldest yacht club in the city, the Dubai Offshore Sailing Club, which opened almost 50 years ago in 1974. You will find many public beaches in the area, including Sunset Beach, Nessnass Beach and Kite Beach. You will also find lots of restaurants, cafes and bars on the coast of one of the best Dubai residential places.
Prices for studios in Umm Suqeim residential complexes start at AED 780,000 (USD 212,000). A private villa with six bedrooms and a berth for a yacht will cost approximately AED 300 million (USD 81.6 million).
You can check out prices for properties in Umm Suqeim by clicking here.
Property prices: from AED 650,000 (USD 177,000) to AED 230,000,000 (USD 62.6 million)
Rent: from AED 64,406 (USD 17,500) per year
While Downtown is a tourist area in Dubai, it is also very popular among homebuyers and investors. Here you will find the famous Dubai Mall with a vast number of shops and boutiques, as well as the Dubai Opera, the Dubai Fountain, the world's tallest skyscraper Burj Khalifa, and other attractions. Most major city events are held in this residence area in Dubai. For example, every year Burj Park in Downtown is transformed into a venue for the pop-up Market OT. Finally, in this one of the richest neighborhoods in Dubai you can see the world's first hydrogen-powered tram, the Dubai Trolley.
You will find a wide range of options in Downtown skyscrapers: from a furnished studio for AED 650,000 (USD 177,000) to a penthouse with six bedrooms and a private pool for AED 200 million (USD 54.5 million). You can even buy a flat in one of the richest areas in Dubai in the tallest skyscraper in the world: you can read more about it in this article.
You can check out prices for new buildings in Downtown by clicking here.
In a Nutshell
So, we have reviewed 5 posh residential areas in Dubai. If you are looking for expensive housing in Dubai, focus on your own priorities. Palm Jumeirah, most expensive area in Dubai, offers luxury by the sea, silence and solitude, while Dubai Marina is all about elite skyscrapers and yacht parties. Emirates Hills is a residential area in Dubai that will offer a quiet life in a villa with a green garden and the option of morning jogging. Umm Suqeim will bring you active beach leisure and surfing, while Downtown guarantees a rich social life and the best shopping.
Cover photo: Teemuj (Pixabay)