The premium real property segment in Dubai is the embodiment of the high level of development and condition of the Emirate, its desire to progress. In particular, this applies to premium flats in Downtown Dubai worth more than $ 1 million. The source https://www.axcapital.ae/ will tell you about the features of real property from $ 1 million in Dubai, its advantages that differ it from the other classes of housing used.
Features and trends of the premium real property market
The range of premium real property in Dubai is amazing. There are many properties from $ 1 million and higher. Each property corresponds to its price range and status, but at the same time retains its individuality.
Apartments and villas from $ 1 million are premium housing that creates trend for the entire Arab real property market and maintains its quality reputation in the international arena.
At the end of 2020, a trend for spacious housing in residential complexes and enhanced comfort districts began to form. As a result, the demand for premium real property increased, since it is the property that could comprehensively meet the needs of people. An important impetus for the development of the premium real property segment in Dubai occurred in March 2021, when the 10-year purchase and sale transactions maximum was surpassed.
The housing worth between $ 1 million and $ 2.7 million has become widely in demand. People were looking for privacy, spacious areas to work and live, affordable infrastructure nearby, balcony / pool, good renovation – and they found it in the premium real property segment.
According to Property Monitor, the most demanded areas for the purchase of premium housing in 2021 were:
- Dubai Marina;
- Palm Jumeirah;
- Mohammed Bin Rashid City;
- Dubai Hills.
Premium real property in Dubai and around the world
For $ 1 million in 2021, you can just as well buy a 133 m² villa or an apartment in a prestigious residential complex. There are few places in the world that you can buy so much living space for such a price. For example, let’s consider the markets of cities with a similar standard of living as in Dubai – Monaco, Hong Kong, New York.
According to the analytical agency Knight Frank, the most expensive city in the world is Monaco, which offers only 15 m² for $ 1 million. They offer a little more, apartments in the prestigious skyscrapers of Hong Kong – 20.5 m², in New York – 28 m² for the same price.
In Dubai, the quality of premium real property is in no way inferior to competitors, and sometimes even surpasses. But at the same time, for this amount, the buyer has access to a wider range of properties with much more spacious areas.
In Dubai, you will buy for $ 1 million a spacious apartment or villa with excellent renovation and furniture, in a premium residential complex or a gated community. Many foreign capital providers and ordinary buyers are interested in the local real property market largely for this reason.
Features of luxury real property in Dubai
$ 1,000,000 in the middle price segment opens up literally all the possibilities for the buyer. However, what should be expected for the same amount in the premium class? What is included in the cost of premium housing?
No. 1 Place
One of the main factors in the high cost of housing is place. The highest concentration of premium real property in the central and coastal districts of the Emirate. For example:
- Downtown Dubai;
- Dubai Marina;
- Palm Jumeirah;
- Dubai Hills.
In particular, the place determines the convenience and variety of infrastructure that the end customer will use. Each of the main districts of Dubai has a highly developed infrastructure and convenient transport communication. Thanks to it it is possible to get from them to anywhere in the city.
No. 2 Infrastructure of a residential community
The higher the class of the residential complex is, the wider the infrastructure and the higher its quality. The integral attributes of premium residential communities are:
- Secured premises and 24-hour video surveillance ;
- Parking (open or underground);
- Fitness centers;
- Children’s play areas;
- Common recreation areas.
This list may vary, depending on the characteristics of a particular property.
Detached villa communities offer residents the following amenities:
- Spacious plot divided into recreation and leisure areas;
- Private pool;
- Personal access to the beach (in residential communities on the coast);
- Own parking;
- Guarded territory around the clock.
No. 3 Finishing and interior filling
The improvement of the living space, the presence of designer renovation justify the high cost of the property. Premium apartments and villas have literally everything for a comfortable life: from finished renovations to complete household equipment – you just have to move in and enjoy life.
No. 4 Great view
A view of the amazing landscape is another feature of this premium property. It may differ depending on the type of housing and its location. For example, luxurious penthouses in the center of Dubai offer views of the skyline or the panorama of the metropolis. The houses on the coast, in turn, allow you to enjoy the seascape.
View as an extension of your interior becomes an integral part of life.
No. 5 Personal service
Many premium penthouses and villas in Dubai include a housekeeping service to ensure that your home is kept in order and comfort.
Where are serviced homes found:
- Palm Jumeirah is the place with well-attended beaches, expensive restaurants, hotels and luxury villas, where every owner can feel like a king;
- Palm Couture is a premium residential development located in the Jumeirah coastal district, at the base of Palm Jumeirah Island. The complex includes 14 residences for ultra-affluent buyers;
- DAMAC Hills is stunning apartments and penthouses with sea views.
Selection of real property for $ 1,000,000
Here are some of the top-rated properties that can be bought in Dubai for $ 1 million.
The 165.5 m² Business Bay apartment for $ 1,006,500 is a spacious two-bedroom apartment with amazing sea views. The following amenities are at the disposal of future owners: 2 bedrooms, 3 bathrooms, attic floor, built-in furniture and personal service.
The Jumeirah Beach Residence apartments with an area of 271.4 m² for $ 1,000,000 is a 4-bedroom apartment with 6 bathrooms, panoramic sea views, staff room and furnishings.
Villa in The Meadows with an area of 374 m² for $ 1,000,000 consists of two floors. The following amenities are at the disposal of future owners: 5 rooms, furniture, swimming pool, parking. Distance to the sea is 9 km.
Real property in Dubai for $ 1 million is not just an expensive pleasure, but a lifestyle that you acquire along with the accompanying comfort. To avoid mistake with the choice, it is necessary to think in advance about the purpose of the purchase and the final expectations. Based on this, analyze the districts and offers. If you are planning to buy a luxury apartment for investment, it is better to trust a tried-and-true specialist with experience in the Arab housing market.
Purchase of property in Dubai
Start looking for your dream home with Ax Capital! Here you will find specialists with extensive experience in the real property selection and the conclusion of purchase and sale transactions. They will help you choose an apartment or villa in Dubai that meets your requirements and is a great way to save money.
Contact a manager to get detailed advice on investing in real property in Dubai or to get support in the process of purchase and sale transaction.