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
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
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
One can also buy a luxury apartment in such famous Dubai’s premium residential development as
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:
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