Top 5 Locations for Buying Luxury Apartments in Dubai

luxury apartments Dubai Marina

Planning to buy a luxury apartment in Dubai? It is a city known for its opulence and extravagance. So, if you are going to invest in a luxury home that offers both comfort and lavishness, it has to be Dubai. Whether you are looking for your dream home or an investment tool, this is the city that can provide you with both. Real estate is one of the strongest and most vital facets of Dubai’s economy. That is why there is no dearth of luxury apartments here. High net worth individuals from around the world come here to find luxury properties. If you are one of them, get in touch with one of the top real estate companies in Dubai 2021 for finding the ideal luxury apartment for you.

Where to buy luxury apartments in Dubai?

In Dubai, you will find numerous skyscrapers and buildings that have hundreds of apartments in them. That is why finding an apartment of your choice should not be too difficult. These apartments come in all sizes and configurations. They are also designed to serve the needs of families, couples, or singletons. The ultra-luxury apartments also offer state of the art facilities and amenities. There are several locations where you will find such properties. If you consult any one of the top 10 real estate companies in Dubai 2021, they are likely to suggest the following locations for your luxury apartment hunt.

Dubai Marina:

According to many top real estate companies in Dubai 2021, you should check out Dubai Marina first. This mixed-use waterfront community is the perfect spot for those looking to buy luxury apartments that offer an active lifestyle. Most of the residential housing projects in this neighborhood are known for being lavish. They offer some of the most luxurious apartment units with breathtaking views of Dubai’s skyline and the water. The best part is that in Dubai Marina, you will not only find ready properties, but you can also go for off-plan properties. Choosing an off-plan property through one of the top 10 real estate companies in Dubai 2021 can be an excellent investment decision.

Bluewaters Island:

The artificial island known as Bluewaters Island is another great spot where you will find ultra-luxury apartments. Here, you will find the iconic Ain Dubai, which is a massive observation wheel that offers enthralling views of the sea. Needless to say, this one attraction alone has significantly enhanced the value of this community. Being so close to the coastline of JBR (Jumeirah Beach Residence), Bluewaters Island is one of the prime locations for luxury apartments. That is why most of the top real estate companies in Dubai 2021 prefer this location for their A-list clients.

EMAAR Beachfront:

Jumeirah Bay Island is one of the elite neighborhoods in Dubai, and it is certainly one of the best spots for luxury apartments. Because it is so close to the sea, apartment owners are likely to get a great view from their balcony. Getting a luxury apartment in this area also gives you access to some of the best resorts in the Emirates. You can also find a yacht club and countless fine dining restaurants in the area. So, besides luxury, if you are also looking for an active lifestyle, this is the best location for you.

Downtown Dubai:

If you want to live next to Burj Khalifa, the tallest building in the world, Downtown Dubai is the ideal location for you. Downtown is a mixed-use community that features some of Dubai’s most popular attractions such as Dubai Mall and Dancing Fountain. These attractions get flooded with tourists during New Year’s Eve. Being the best shopping destination in Dubai also makes it a tourist hub. Besides its bustling lifestyle, Downtown is also famous for its strategic positioning. Buyers prefer this area because it offers them easy access to the major parts of the city. When looking for a luxury apartment in the area, make sure to go through one of the top 10 real estate companies in Dubai 2021.

Palm Jumeirah:

Everyone knows the name Palm Jumeirah. When talking about lavishness and luxury, you cannot miss it. Several A-list celebrities from around the world have found their vacation homes here. If you want to live next to high-profile individuals such as David and Victoria Beckham and Shahrukh Khan, this is the location where you should get your luxury apartment. Home to some of the most expensive properties in Dubai, the Palm Jumeirah has an international fame that is unmatched.

Wrapping up

These are five of the best locations in Dubai where you buy luxury apartments in Dubai. These locations attract some of the biggest property developers in the UAE, which means there is a plethora of high-end properties. Whether you are thinking about settling in or simply buying a luxury vacation home, you are sure to find the ideal property at one of these locations. On the other hand, if you are a real estate investor, getting a property here would be a huge boost for your portfolio.

No matter what your goals are, hiring one of the top real estate companies in Dubai 2021 will surely be beneficial for you. RiseUp, one of the leading real estate agencies in Dubai, has been helping people find their dream properties since its inception. We have worked with buyers and investors from around the world. Being locals, we have a strong understanding of the areas mentioned here. We also have the right connections that can help you in your journey of buying your first luxury home.

If you are strictly looking for an investment vehicle, RiseUp’s investment advisors can also guide you and help you find the ideal property that is capable of meeting your goals. We also have an in-house team of property managers that can keep your investment in the best shape so that the property value keeps increasing with time. For more details, give us a call or drop us an email today!

OUR PREDICTIONS FOR Real Estate in 2021

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1. Regional Ties Improvement
Real Estate In 2021 in Dubai and the world, we will notice improvements in ties within the region with countries which will bolster cross-border investments and result in further tourism and investment opportunities. This will happen due to Expo taking place in 2021 and also in anticipation of the upcoming FIFA World Cup. This will give a much-needed push to inter trade as well, which will also result in further more businesses being set up within the region, in particular due to the change in requirements for local partners in various business categories.

2. Apartments Price Growth – Real Estate 2021 

Post Covid, there has been an unexpected increase in the prices for villas and townhouses, in particular in the luxury segment. This happened due to end-users preferring to have certain amenities which are only accessible in villas or townhouses for their kids to be outdoors as opposed to being indoors in apartments. This caused a strain on the prices of apartments, and due to the prices dropping within this segment, we will notice a rebound in the apartment prices this year as investors and end users alike will realise that better deals and opportunities will lie within apartments, so they will start to slowly shift their focus there. This might also result in slight adjustment of prices within the villa and townhouse community.

3. Primary Property Price Growth

2020 was the year of the Covid, and that caused a domino effect which resulted in the feds stepping in and printing money. The Feds have injected over USD 9 Trillion into the economy, which equals 22% of the circulating USD printed in just 2020. The majority of this money has gone into the stock market which has resulted in unprecedented gains during 2020. Eventually this money will move out of the stock market and make its way to properties, in particular in the hands of institutional investors, and this will give a massive boost to all primary cosmopolitan markets across the globe.

4. Further Reduction In Rentals

The rental market will continue to see a drop within 2021, but it will not last the year. More tenants will shift their focus towards buying, due to the price reduction in apartments, and that will push the property prices up. Based on furthermore businesses opening and job opportunities, more migrations will happen within the region, and tenants from outer emirates will look at shifting to Dubai based on the rental opportunities, which will then in turn push the rental prices up. This will furthermore lure in investors who are looking at rental income-generating assets in Dubai.

5. Israel Investments

Since the normalization of ties within the two countries, we will look at a heightened level of interest from investors in Israel to enter into the UAE market. Beachfront properties in Tel Aviv start from a range of US$ 3,000 Per Sq.Ft; whereas similar luxury properties in Dubai can start from US$ 500 Per Sq.Ft, which will make it very attractive for investors from Tel Aviv as they look at beachfront assets for holiday homes or short term rentals. The overall boost will not only benefit the real estate sector, but also technology and infrastructure.

For more information on Real Estate 2021 market in Dubai, you can reach out to us via email info@riseupholding.com or phone +97143887440.

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