Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

The most expensive Dubai areas to buy property in 2019

28.07.2019
The most expensive Dubai areas to buy property in 2019
A number of real estate units worth $5.55 billion was sold in Dubai in Q2 2019. Read more for where the most expensive units were transacted.

Palm Jumeirah, Emirates Hills and Il Primo development in the Downtown area of Dubai were the most expensive areas in terms of real estate sales in the second quarter of 2019.

This data was published recently by the Luxhabitat agency.

The top five most expensive real estate properties sold in Q2 included four units on the Palm Jumeirah island and in the Emirates Hills area, bringing their sellers a total of AED204.5 million on the man-made island and AED185.5 million in the Emirates Hills. Another two most expensive residential properties, from the Emaar master developer, situated in the Il Primo luxury development in Downtown Dubai were sold for a total price of AED105.15 million.

The apartment in the exclusive complex The One on Palm Jumeirah was the most expensive apartment sold in Q2 in Dubai for a whopping AED74 million. The second place in this list of the most expensive real estate properties sold was taken by a villa in Emirates Hills sold for AED64 million. Two apartments in the Il Primo took the third and fourth positions in this rating, bringing Emaar AED63.412 million and AED57.65 million, respectively.

A study of the state of the Dubai property market since the beginning of the year conducted by Luxhabitat also showed that, general residential real estate prices in the emirate decreased by 6.34 per cent in the six months of 2019.

The most notable decrease in prices was seen in such areas as Palm Jumeirah (-19.5%), Dubai Marina (-20%), Emirates Living (-16.7%), JBR (-12%) and JLT (-11.3 %).

The only locations that were able to withstand this general trend were Al Barari and Downtown, demonstrating an 8% and 5% increase in housing prices in the first half of the year, respectively.

“Presumably, a moderate decline in prices at the Dubai property market may continue until the end of 2019, mainly due to the growth in the volume of offers and the slowdown in the largest economy sectors’ growth. But despite this trend, we expect a healthy demand for real estate units. Now that the Dubai properties are becoming more accessible, the market is showing the most favorable conditions for tenants and investors, ”concluded Michelle Liddiard, a specialist in the luxury real estate sales at Luxhabitat.

He also noted that a number of new incentives, such as long-term visas and newer regulations more favorable for investors contribute to the fact that many international companies and large investors are exploring the newly discovered opportunities to expand their activities in Dubai the market.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

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

IMEX REAL ESTATE BROKER LLC, UAE

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

Email: pm@IMEXre.com

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management