Dubai has documented the second-highest record sales in this year since 2017 February, which values about AED 22.9 Billion of total 6,590 transactions recorded which’s a 40 percent growth in value year on year. According to Dubai Land Department statements, 2021 continues to show positive results in real estate transactions, thereby attracts a high number of international investors and enhances trust in traditional speculations such as property investments in Dubai.
Richard Wain from Betterhomes, says lockdowns and travel restrictions as well as the threatening fiscal policies in many countries have encouraged the high net worth Europeans seeking to invest in Dubai. He adds “The number and value of purchase records by French, Italian, German and British investors rose by 168 percent from 2020. Palm and other coastal areas are increasingly popular for their ultra-luxury villas and luxury apartments in 2021 Q1″.
Andrew Cummings from LuxuryProperty.com states “We witness surging transactions in particularly prime market which indicates Dubai once again a destination of luxury residential hub”
A villa named On100Palm located in Palm Jumeirah has been sold for a whopping AED 111.25 Million in March 2021 making it the most expensive and most luxurious property to be sold this year. Situated on the heart of Palm Jumeirah, the villa is built with 7 bedrooms, 9 bathrooms, a designer made pool and a garden that is spanning over 20,756 sq ft. It offers spectacular views of Jumeirah Beach Residences and Dubai Marina within the Arabian Gulf skylines.
According to marketplace data by Dubizzle and Bayut, it reveals some of the popular Dubai areas show significant growth in luxury properties sales within the first quarter of 2021. This popularity list is led by luxury properties destinations like Palm Jumeirah, Dubai Marina, Arabian Ranches and Downtown.
Dubai is a land of diverse communities established within a short period of 20 years dedicated to well-off folks willing to spend. Therefore, it is aimed to highlight the most expensive areas in Dubai.
- Palm Jumeirah
A well-developed man-made island with a palm tree shape from the aerial view, is one of the most iconic places to rent and buy a property.
Most of the villas come with floor-to-ceiling windows, Jacuzzi, exclusively arranged parking spaces, infinity pool and several guest rooms for celebrity like living.
XXII Carat Club Villa
This is one example of ultra-luxurious modern beachfront villas, spans about 12,163 sq ft with 7 bedrooms. Apart from astonishing view from the villa, amenities include 4 allocated parking, a gymnasium, a private pool, a reception area, a sauna and a concierge service.
What’s most captivating about Signature Villa is its guillotine window fully operated by a motor. This 6 bedroom villa with a built up area of 14,312 sq ft offers marvelous amenities such as an infinity pool with an amazing sky view, a couple of Jacuzzis, several parking lots, a steam and sauna room, a fully equipped gymnasium and a barbeque area. This villa’s cost is about AED 82.5 Mil today.
Luxurious apartment in Palm Jumeirah
In a dazzling residential building formerly known as Viceroy Hotel and Resort Dubai, affiliated with FIVE Palm Jumeirah Hotel, there are several contemporary 5 bedroom apartment boast an beguiling interior with jaw-dropping views of coastal sides. These lavish apartments feature amenities like ultra-modern fitted kitchen, private garden, also an outdoor jacuzzi. An anterior executive suite rebuilt to a family oriented living unit is a place to be for a memorable experience.
- City Walk
The community is home to exorbitant venues like high end restaurants, famous brands, and attractions to tourists. The “Western city” within the city resemblance is well known for Fresco themed buildings and vast spacious apartment units. It is no doubt a hot location due to an ease of transportation and access to main spots of the emirate. There are usually 1-4 bedrooms with a maid’s room. The building 6B in City Walk is the most expensive property which is consisted of fully furnished duplexes suitable for families. Modern design features, a sophisticated fully equipped kitchen, floor to ceiling windows and amenities like a pool and a sauna and steaming room, gym and play areas shared amongst a small number of people.
- Dubai Marina
Dubai Marina is definitely most popular amongst young expats where it’s enthralled with city vibrancy, man-made canal where people enjoy strolling and skyscrapers that offer above the average living standards. Properties in this area are normally high priced, exquisite and have an arrangement of modern designs and finishing. Proximity to Palm Jumeirah makes this trendy neighborhood an interesting place to live in and invest in. Most sought after towers include:
3 bedroom penthouse in this Cayan Tower has 180 degree view of the whole Dubai Marina, Palm Jumeirah and Bluewaters Island. The elegant penthouse home will take anyone through a glamorous tour, start from a an open kitchen, a dressing room, a private pool and a balcony with a dreamy view of the city.
- Downtown Dubai
Investors choose this one of the most visited location because its focal point to other main areas in the emirate. One of the most luxurious properties to buy in Downtown is a tower called 118 Duplex Penthouse. According to real estate data, this is the most valuable and high-end property in Dubai. The building offers only penthouses and apartments hence proposes astonishing interiors such as panoramic windows set floor to ceilings, and terraces with spectacular views of the city. 6-bedroom penthouse spanning area of 11,598 sq. ft. with internal lift, offers its residents live lavishly.
- Jumeirah Golf Estate
Jumeirah Golf Estates offers all-in for those seeking lavish houses built to elite standard and peaceful lush greenery for families to live extra comfort and safety. Amenities matched with deluxe needs in this haven include a golf academy, a variety of restaurants, and recreational centers for children and parents. One of the most noteworthy properties include:
Wildflower Mansion is an appealing 23,000 sq. ft. mansion that is proficiently built and set up. With its glamorous designs and thorough setup 6 bedrooms, it provides its residents most comfortable living. It also has a breathtaking view of the Golf Course. The mansion has most contemporary interiors fitted with a home heater, a living room jacuzzi, gym, courtyard pool and a guest house.