Driven Properties LLC

Dubai Luxury Properties For Sale

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THE LUXURY REAL ESTATE DUBAI MARKET IS FLOURISHING

Dubai is an approvingly competitive choice compared to international cities like Singapore, London, Sydney, New York, and Shanghai when it comes to luxury properties, offering high-end luxury living standards at a price far more reasonable than any other cosmopolitan city globally. Therefore, investing in luxury properties in Dubai remains a lucrative opportunity for investors and high-net-worth individuals worldwide.

According to the data provided in the daily, Downtown Dubai, Jumeirah Bay Island, and Palm Jumeirah are the most popular neighborhoods to purchase luxury apartments in Dubai.

The world-class apartments in Downtown Dubai, with a price per sq. ft. of USD 596 (AED 2,189), are a favorable option for investors. Jumeirah Bay Island and Palm Jumeirah with their respective price per sq. ft. of USD 918 (AED 3,372) and USD 1,189 (AED 4,367), are other popular choices with HNWIs looking for premier flats. Apartments in these areas get a profitable ROI of over 5%. Dubai Marina and Bluewaters Island are additional areas in Dubai that are popular for their luxury apartments.

Moving on, Dubai offers a vast range of penthouses. Anyone looking for luxury penthouses in Dubai can have them in Palm Jumeirah, Bluewaters Island, Downtown Dubai, and Dubai Marina. Prices for Dubai luxury penthouses vary between USD 272k (AED 1M) and USD 25M (AED 93M) depending on property size and your area of interest.

Furthermore to the luxury villas for sale in Dubai, the areas that garnered the most investor interest include Emirates Hills, Palm Jumeirah, The World Islands, and Jumeirah Bay Island. Emirates Hills offers affordable luxury with lavish villas available for as less as USD 459 (AED 1,686) per sq. Jumeirah Bay Island remains the most expensive option with a price per sq. ft. of USD 1,032 (AED 3,790). The price of luxury villas for sale in Dubai can go over USD 41M (AED 150M) depending on the size and amenities available.

All the above-mentioned areas share an average ROI of more than 3%, with Jumeirah Bay Island being the most prominent, offering 4.3% returns on investment. Other areas of Dubai luxury homes worth looking at include Mohammed Bin Rashid City, Al Barari, and Arabian Ranches.