Not only penthouses: what’s the pricing for premium Dubai properties is made of?

24.06.2018

Dubai brokers are seeing the dawn of a new demand for high-class property from wealthy buyers. Read more to find out, who’s buying, what, and where.

Recent statistics claim that luxury homes, especially apartments at the top of Dubai’s skyscrapers, as well as beachfront villas on manmade islands, remain attractive to high-net-worth individuals planning to invest in Dubai’s property.

Luxury residences are pretty much as the Rolls Royce of the property market: regardless of market condition, the demand will always be there. In past couple of years, penthouses experienced such a boost in demand, that far-sighted developers immediately took measures to ensure buyers will have a sufficient choice of what want to buy. These are, predominantly, two and more leveled penthouses instead of traditional one or two penthouses on the highest floor.

Premium property market activity is certainly evident now, with prices ranging from AED10 million to over AED100 million, says Lewis Allsopp from one of Dubai’s leading consultancies. A choice of different premium options got much wider as developers detected a rise in interest from new buyers. For example, “In Marina Gate there are beautiful penthouse apartments with floor-to-ceiling windows with views over the Marina & Emirates Golf Course,” says Allsopp.

Ultra-premium penthouses sales in Dubai have been on the rise over the past few years. Two of the most expensive units were sold last year — a 29,800-sq-ft penthouse at One Palm by Omniyat for AED102 million and a 14,000-sq-ft, full-floor penthouse at the Bvlgari Resorts and Residences for AED60 million.

An emerging new trend at the high-end property market is also adding ultra-premium penthouses to hotel key count. With a hotel amenities and facilities at hand you get the spas, direct private beach access for those on the Palm, restaurants, cafés, bars etc.

Another new tendency is a noticeable surge of interest from young ultra-high-net-worth individuals (UHNI) to Dubai’s premium property market. Also, over the past two to three years, the preference has been increasingly given to apartments in buildings, where every unit is of a certain size and value and all the units can be considered penthouses. This is the case for Le Reve, the premier luxury building in Dubai.

One can also buy a luxury apartment in such famous Dubai’s premium residential development as Cayan Tower — AED45 million for a five bedroom penthouse with your own cinema, sauna and gym. Or it could be a two-storey five bedroom penthouse in One Palm marketed for AED93.33 million, or a five bedroom penthouse with 5-star hotel service for AED20 million at The Alef Residences, or even a more modest 2 bedroom residence in a luxurious Viceroy The Palm with sea views and direct access to the beach, offered for sale at a price of AED5.49 million.

IMEX Real Estate has a lot of different luxury properties in Dubai for you to choose from, for premium housing has always been our highest priority. Address the professionals! Our contacts:

Tel.: +7 903 232 80 80 Oleg Lavrik (Whatsapp, Viber, Telegram)

Tel. UAE: +971 (50) 2528188

Toll Free in Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

Email: pm@IMEXre.com

Skype: resident69

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