Luxury Apartments for Sale in Dubai

Buy Luxury Apartments in Dubai

A city known for its real estate haven, Dubai is the result of taking charge and innovating with bold risks and visionary ambition. Day by day the landscape promotes a quality of life that is forethought for many years to come. A balanced approach to regulation and planning has been necessary due to rapid development. As you are planning to move to Dubai from UK, you might decide to reside permanently in Dubai in the next few days.

While you navigate that big move like any expatriate, the desire to own a property would be your immediate idea. Fortunately, Dubai’s real estate market is vigorous with as many showing increased interest in seeking affordable properties.

Market Trends for Dubai Apartments for Sale

In the first quarter of 2024, Dubai’s most searched-for areas saw a star-performance peak in apartment property prices, counteracting a predicted hypothesis regarding a downshift heeding the COVID-19 pandemic.

According to a published report, Dubai apartments surged by 20.43% in 2024 with an average purchase price standing at AED1,500,000. It was also observed that May was the best-performing month for sales transactions. Alongside a strong GDP growth rate, consumer confidence increased market activity for apartment property deals.

An improving job market also affects Dubai’s rental market as families and individuals in their early 20s and 30s from Asia, Africa, the West and South America settling here have more purchasing power. Expatriates, who account for approximately 90% of Dubai’s total populace today, have been flooding the city in recent times, and luxury apartments in Dubai seem to have been the most favoured living choices among these newcomers.

Expatriate Population and Housing Demands

Dubai’s rapidly growing expat population presents several urban planning challenges that must be addressed if housing demands are to be met. New housing developments and public transportation connectivity are key challenges, especially in prime locations where expatriates are most likely to settle.

Land resources demand further increases as more people move into cities, raising competition between developers looking to create livable communities for expatriates. So, a balance must be struck between high-density living and recreational space needs. At present, Dubai’s housing market demand patterns are being achieved by introducing feasible policies, such as encouraging long-term investment and establishing stronger tenancy terms.

Types of Apartments in Dubai Being Bought and Sold

1. Off-Plan Apartments

Properties that are sold before construction or completed also known as ‘off-plan’ have witnessed positive traction in Dubai’s real estate market thanks to the attractive payment plans allotted for these projects. What’s more, capital investment remains high and buyers are likely drawn to off-plan apartments because of the special perks that come with it.

For instance, some developers give the chance to customize different elements of the units, guaranteed rental returns, and bargaining options compared to completed homes. Sobha Solis, the latest off-plan in Dubai Motor City featuring 1 to 3-bedroom residences, is capped at AED1,010,000 as a starting price with a 60/40 payment plan. The development is scheduled to be handed over in the fourth quarter of 2027.

2. Luxury Apartments

Often found in prestigious neighbourhoods, like Downtown Dubai, Dubai Marina, and Palm Jumeirah, luxury apartments are defined by upscale materials, cutting-edge elements, and gorgeous city skyline panoramas of the Arabian Gulf.

Commonly, luxury apartments in Dubai count on spacious layouts often exceeding 2,000 sq. ft. and are equipped with modern appliances, smart home technology, and exclusive access to private pools, spas, and 24/7 concierge services.

The luxury apartment market is driven by affluent expatriates, investors, and high-net-worth individuals who seek not only a residence but a lifestyle for those seeking the fine things in life with sophistication and comfort. A one-bedroom apartment lavish apartment serving city landscapes with luxury details measuring 802 sq. ft. in Dubai Marina is capped at AED2,299,999.

3. Penthouse Apartments

Penthouse apartments depict the paragon of opulent tenancy in Dubai, often occupying the top floors of high-rise buildings that deliver remarkable panoramas and premium amenities. These residences are defined by their ample space layouts, which can exceed 5,000 square feet and are typically outfitted with upmarket finishes, private terraces, private chefs and housekeeping amenities, and sometimes even luxurious private pools.

Buyers of penthouses in Dubai usually come from high-profile backgrounds seeking an unusual living experience that fuses luxury, privacy, and breathtaking city sights from immensely expansive balcony views. The best spots to find penthouse apartments are Palm Jumeirah, Downtown Dubai, Dubai Harbour, and Business Bay.

A branded 4-bedroom penthouse located in Dubai Harbour measuring 2,759 sq. ft. is priced at AED17,000,000 while a 2-bedroom penthouse at Jumeirah Village Circle measuring 1,394 sq. ft. is capped at AED2,200,000.

4. Studio Apartments

Primarily suitable for single professionals, college students, and individuals seeking affordable options, studio apartments in Dubai are crafted for a more compact living standard. The units are open-planned layouts where the living, bedroom, and kitchen areas fuse with no wall segregations. Studios maximise lighting and make living habits extremely functional, adding spaces to are free from clutter.

These units are generally on the small side ranging from 400 sq. ft. to 600 sq. ft. and are commonly found in the Dubai Sports City, Dubailand, Dubai Investment Park, and Jumeirah Village Circle (JVC) where developers create budget-friendly layouts. A studio apartment with a pool view in Meydan measuring 380 sq. ft. is priced at AED699,999/yearly.

5. One-Bedroom Apartments

One-bedroom apartments for sale in Dubai serve as a middle ground between studio and larger multi-bedroom units fitting a diverse demographic that includes young couples, small families, and single professionals who earn a good income. These apartments with a size between 700 to 1200 sq. ft. commonly have a detached bedroom, a living area ample enough to be functional and free of clutter, and a kitchen.

One-bedroom apartments are predominant in many of the neighbourhoods like Business Bay and Dubai Marina where residents are said to enjoy a dynamic lifestyle with easy access to leisure and entertainment options. The flexibility of one-bedroom apartments allows for a balance between comfort and affordability, making them a popular choice among first-time buyers and renters alike.

A one-bedroom, fully furnished front unit apartment measuring 879 sq. ft. in Downtown Dubai comes to about AED3,300,000.

6. Two and Three-Bedroom Apartments

For families or individuals needing more space, 2-bedroom and 3-bedroom apartments serve as suitable living arrangements. These units vary from 1,200 to 2,500 sq. ft. and are designed to acclimate family needs, furnishing separate bedrooms, multiple bathrooms, and often a designated living area. Locations such as Arabian Ranches and Dubai Hills Estate are known for their family-friendly environments, featuring community amenities such as parks, schools, and recreational facilities.

The purchase of larger apartments is often motivated by the desire for stability and a sense of community, as families seek environments that foster social interaction and a high quality of life. Besides, these larger apartments often come with balconies or terraces, allowing families to enjoy outdoor spaces for relaxation and entertainment.

A 2-bedroom duplex apartment in Sobha Hartland located at Mohammed Bin Rashid City (MBR City) measuring 1,649.57 sq. ft. is priced at AED3,350,00, while a 3-bedroom apartment offering ocean views at Jumeirah Beach Residence (JBR) with a 1,868 sq. ft. is capped at AED9,700,000.

7. Serviced Apartments

Serviced apartments provide a unique fusion of the comforts of a hotel stay with the convenience of home-style living, making them an attractive option for expatriates, business travellers, and those seeking temporary lodgings.

Stay duration can count from a few days to several months or years with charges subject to change according to seasons. These apartments are fully furnished and come with essential amenities which include housekeeping services, concierge support, and access to recreational facilities.

Main locations like Sheikh Zayed Road and Dubai Marina are favoured for serviced apartments that are best suited for professionals who need flexibility and convenience during their stay. A standard fully-furnished one-bedroom serviced apartment at Barcelo Residences in Dubai Marina measuring 700 sq. ft. is AED13,500/ monthly with a security deposit of AED1,500 and a city fee charged at AED300 per stay.

Serving a hassle-free living experience, service apartments are designed for residents to focus on work or leisure without the burdens of conventional home maintenance.

8. Duplex Apartments

Another favourite among high-income individuals is duplex apartments in Dubai, thanks to their innovative structural principles that maximise the use of two-level designs and space. High ceilings, amply-sized windows, and open floor plans are common elements that add visual interest to these marvels.

Duplexes also come with an internal staircase connecting the two floors, including private balconies., terraces and enhanced security. The outdoor areas serve as fantastic spaces for relaxation and hosting gatherings. Most duplexes are found in Downtown Dubai, MBR City, and DIFC.

A 4-bedroom duplex apartment spanning 3,045 sq. ft. in Dubai Creek Harbour is priced at AED 12,750,000. With a 30% down payment, the loan duration is 25 years.

FAQs About Luxury Apartments for Sale in Dubai