22 September 2022

What is the prestigious Dubai real estate?

Table of content

It is no secret that Dubai real estate attracts its beauty, and it is very expensive. The most expensive property of 2022 was a mansion in the District One area, sold for AED 89.1 million ($24.2 million) in May.

The main criteria of luxury property in the UAE

  1. Unique projects with creative architecture. New buildings in Dubai and the UAE capital are noticeably distinguished by an architectural concept that draws attention and causes admiration.
  2. The advantageous location – luxury apartments and villas are located in the most significant areas: Downtown Dubai, Business Bay, and Al Reem, Yas Island (Abu Dhabi), or in closed communities away from the urban bustle.
  3. Palm Jumeirah, DAMAC Hills, Mohammed Bin Rashid City and so on.
  4. Exclusive property. A limited supply of luxury real estate for buyers is the embodiment of exclusivity and significance. For example, Cavalli Tower in Dubai is the result of a collaboration between DAMAC Properties developer and Roberto Cavalli.
  5. Security. The availability of 24/7 security and video monitoring. But Dubai is also one of the top cities in the world in terms of security of life.
  6. Privacy. Those people who do not reside in the complex can’t enter the territory without prior arrangement.
  7. Developed infrastructure. Each complex is equipped with gyms, swimming pools, lounge areas, bars, restaurants, children’s areas, spa centers, and much more for a comfortable pastime.
  8. Landscaped area. Stunning landscapes, blooming gardens, and parks, fountains.

Let’s look at the luxury real estate sector in Abu Dhabi and Dubai.

Premium Real Estate in Abu Dhabi

  1. A 6 BR villa on Saadiyat Island of 4498 m² costs AED 100 million ($27, 2 million). It locates on a large plot of land. Easy access to popular vacation spots such as Saadiyat public beach with Saadiyat beach club.
  2. A 6 BR villa in Hidd Al Saadiyat. Located on Saadiyat Island, the elite location of the capital of Emirates. The area of 3377 square meters, is worth AED 85 million ($ 23.1 million) with the sea view. The highlight of the building is a magnificent master bedroom with a walk-in closet and adjoining bathroom. There is a swimming pool, a modern kitchen with cabinets, and a spacious powder room in it.
  3. Spacious 7 BR villa in Khalifa City A. This villa of 1,686 sq ft, located in Khalifa City A for AED 65 million ($17.6 million). It is next to the local grocery stores, mini-markets and a golf course, Al Raha beach, and Saadiyat island.
  4. Waterfront 5 BR apartment Mamsha Al Saadiyat, spacious balcony with sea views. Access to a state-of-the-art gym as well as common amenities such as a swimming pool, parking space, children’s playground, and lush garden. This apartment is currently selling for AED 21.8 million ($5.9 million).
  5. A 4 BR apartment with spacious balconies, located on the waterfront in Mamsha Al Saadiyat for AED 12 million ($3.2 million). There are beautiful sea views, access to walking paths, and parks for families, with direct access to the sea.

Dubai

Luxury real estate in Dubai is in high demand. Recently, high demand for wealthy buyers and investors has been recorded in such luxury areas as Palm Jumeirah, Emirates Hills, Jumeirah Bay Island, and Downtown Dubai.

The most expensive buildings in Dubai are:

  1. A luxury villa in Palm Jumeirah, measuring 3,065 m², which is 280 million AED ($76.2 million). Located next to a 7* spa hotel with more than 70 meters of private beach. Interiors are decorated with Italian marble and luxury Giorgetti and Minotti furnishings.
  2. A mansion is worth 185 million AED ($50.3 million) in Palm Jumeirah; built on a 3,623 m² plot.
  3. A mansion is located in District One and costs 89.1 million AED ($24.2 million) – the most expensive real estate deal in 2022. The 32,000 sq ft property has 8 bedrooms, a home theater, entertainment, and a large “family area.”