Most expensive areas for apartment living in Dubai
Dubai neighbourhoods offer spectacular residential properties catering to different budgets and preferences. It also attracts many expats eager to live the high life, either as tenants or owners at some of the most prestigious addresses. If you’re interested in buying or renting flats, here is a review of the most expensive areas to live in Dubai.
LIST OF THE MOST EXPENSIVE AREAS TO LIVE IN DUBAI APARTMENTS
With a prime location by the Arabian Gulf, a futuristic vibe, various entertainment options, an enviable safety record and tax-free income, residential properties in some of the most expensive areas in Dubai for luxurious apartments attract investors and residents from around the world.
- STUDIO
- |
- 1 BATH
- |
- 484 SQFT
- STUDIO
- |
- 1 BATH
- |
- 338 SQFT
Those searching for a home that suits their lifestyle may want to check out residential areas offering unmatched luxury living. Let’s explore the most expensive residential areas in Dubai.
PALM JUMEIRAH
Palm Jumeirah tops the list of the most expensive areas in Dubai for luxurious apartments. This artificial island resembles a palm tree, with a trunk, a crescent and 16 fronds. You can find luxury villas and apartments dotted across the island.
Living in Palm Jumeirah means enjoying world-class dining, entertainment and a luxurious waterfront lifestyle. It is also home to iconic resorts, including Atlantis The Royal and Atlantis The Palm.
Those looking to buy a Palm Jumeirah apartment can have a look at the current sales trends:
- Studios can be purchased for AED 1.6M
- The average cost of a 1-bed unit here is AED 3.52M.
- Similarly, for a 2-bed flat, asking sales prices average AED 6.97M.
- The average sales price for a larger 3-bed unit is AED 13.5M.
But if you want to experience living in the area before making a long-term investment, here’s a list of luxury apartments for rent in Palm Jumeirah:
- For a studio, you can expect to pay AED 97k.
- Renting a 1-bed here means taking out AED 162k from your budget annually.
- If you want to rent a 2 or 3-bed flat, the average spending would be AED 245k and AED 373k.
DUBAI HARBOUR
Still wondering where to find expensive apartments in Dubai? A project of Meraas Holding, Dubai Harbour is a fast-developing waterfront destination with a covered area of 20 million sq. ft. Residents of Dubai Harbour have quick access to Ain Dubai and Burj Al Arab. From leisure activities to top-notch restaurants, you can find it all here.
Many buildings offer breathtaking views of the Arabian Gulf and Dubai Marina. Apartments usually have spacious bedrooms, attached baths, built-in wardrobes, floor-to-ceiling windows, modern interior finishes and spacious balconies to soak up the stunning views.
Anyone hoping to balance comfort with a touch of luxury might look at purchasing a flat in Dubai Harbour.
- To buy a 1-bed flat in Dubai Harbour, your average financial outlay would be AED 3.11M.
- Expect to pay AED 5.61M to buy a 2-bed flat here.
- 3-bedroom apartments here demand around AED 9.23M.
Still, if renting suits you better, these are the current Dubai Harbour rental trends:
- You can find a 1-bed apartment for rent in Dubai Harbour for an average of AED 143k.
- The average rent for 2-bed flats is AED 227k.
- Most 3-bed apartments list for roughly AED 400k yearly rent.
JUMEIRAH
Jumeirah is one of the most expensive residential areas in Dubai, known for its quiet streets and upscale lifestyle. It suits renters who prefer a relaxed setting close to the beach yet still want quick access to the city’s main hubs. Apartment options here tend to be low-rise with a strong focus on comfort and privacy.
Living in Jumeirah means having boutique shops, cafés and wellness centres within easy reach. The area is popular with families thanks to its parks and quiet residential feel. Many buildings also offer pools, gyms and dedicated parking, which adds to the convenience of everyday life.
If you are ready to buy an apartment in Jumeirah, know that you’ll be close to attractions like Burj Al Arab, Jumeirah Beach, the canal and several luxury resorts!
- The average sales price of a 1-bed unit here is AED 2.57M.
- Investing in a 2-bedroom unit requires a total investment of AED 4.78M.
- For 3-bedroom flats, you can expect the average sale price to be AED 27.9M.
Those looking to rent an apartment in Jumeirah can take a look at rental trends here:
- For a studio flat, prepare to spend around AED 150k annually.
- In search of a rental 1-bed in Jumeirah? The average rent is AED 134k.
- For 2 and 3-bedroom flats, expect to pay AED 219k and 457k, respectively.
BLUEWATERS ISLAND
Home to Ain Dubai, the world’s largest Ferris wheel, Bluewaters Island is next on our list of luxurious areas in Dubai for apartment living. The artificial peninsula is ideal for home hunters seeking exclusivity.
Bluewaters Residences apartment buildings put residents in proximity to some of the city’s glitziest shopping and entertainment options. Rated as the ultimate waterfront destination in Dubai, Bluewaters Island features popular tourist attractions such as Madame Tussauds ’ Museum and Caesar’s Palace, which has an on-site beach club.
Residences here come with exciting amenities, including swimming pools, play areas for kids and facilities for differently-abled residents. You can find many well-known restaurants on Bluewaters Island, such as Gordon Ramsay’s Hell’s Kitchen, one of Dubai’s best celebrity-chef restaurants.
Want to move here permanently? Here’s what you are expected to pay for Bluewaters Island apartments for sale:
- To buy a 1-bed apartment in Bluewaters Island, you must pay AED 4.88M.
- The asking sales price climbs to AED 7.76M for 2-bed flats.
- Investing in a 3-bed unit here means shelling out around AED 12.9M
Here are the averages for apartments for rent in Bluewaters Island:
- On average, you can rent a 1-bed flat in Bluewaters Island for AED 309k.
- The average rent increases to AED 405k for 2-bedroom units
- 3-bed apartments have an asking rent of AED 547k.
AL BARARI
Redefining the standards of an eco-friendly community, Al Barari can be another suitable option for anyone who wants to rent an apartment in Dubai sustainably without compromising on luxury.
Units here mostly come with spacious walk-in closets, open kitchens, modern appliances and more. Al Barari also makes it to the list of areas offering villas with private pools in Dubai. It’s also widely recognised as one of the most expensive apartment locations in Dubai, offering plenty of amenities and a wide mix of bed types.
Those seeking a perfect combination of luxury and comfort can consider buying an apartment in Al Barari:
- Expect to pay close to AED 4M for a 1-bedroom place in Al Barari.
- Prices for 2-bed units hover near AED 6.30M.
- Spacious properties often sell for roughly AED 12.4M and 9.80M.
However, if you feel comfortable living on rent, here are the current rental trends in Al Barari:
- On average, a 1-bed flat in Al Barari rents for about AED 204k.
- Typical annual rates for 2-bed apartments rise to around AED 385k.
- Larger 3-bed homes usually have asking rents near AED 728k.
FAQS ON THE MOST EXPENSIVE AREAS FOR APARTMENT LIVING IN DUBAI
WHAT IS THE ROI OFFERED FOR APARTMENTS IN THE AREAS DISCUSSED ABOVE?
Interested in buying an apartment in the most expensive areas to live in Dubai? Here’s a look at what you can expect to gain from your investment.
Area | ROI |
|---|---|
Area Bluewaters Island | ROI 5.33% |
Area Palm Jumeirah | ROI 3.96% |
Area Jumeirah | ROI 4.55% |
Area Al Barari | ROI 6.07% |
Area Dubai Harbour | ROI 4.96% |
Are luxury apartments in Dubai a good investment?
Yes, luxury apartments can offer strong capital appreciation, attractive rental yields and high demand from local and international buyers.
Which areas offer waterfront luxury apartments in Dubai?
Palm Jumeirah, Dubai Marina, Bluewaters Island, Dubai Harbour and Dubai Creek Harbour are popular waterfront destinations.
Where can I find branded residences in Dubai?
Branded residences are available in areas such as Downtown Dubai, Palm Jumeirah, Business Bay, Dubai Marina and Dubai Creek Harbour.
What amenities do luxury apartment communities in Dubai offer?
Most luxury communities feature swimming pools, fitness centres, concierge services, private beach access, spas, children’s play areas, valet parking and 24-hour security.
Which area is more expensive: Downtown Dubai or Palm Jumeirah?
Palm Jumeirah is generally more expensive than Downtown Dubai, particularly for ultra-luxury waterfront apartments.
Which Dubai communities are popular among high-net-worth individuals?
Palm Jumeirah, Downtown Dubai, Jumeirah Bay Island, Dubai Hills Estate and Bluewaters Island are among the preferred communities for high-net-worth individuals.
Can foreigners buy luxury apartments in Dubai?
Yes, foreign nationals can buy luxury apartments in designated freehold areas in Dubai with full ownership rights.
That’s all for our review of the most expensive areas to live in Dubai. If you prefer island living, check out our guide to residential islands in Dubai for a better idea.
For more updates on the UAE real estate market trends, stay tuned to MyBayut.
Featured Image Credit: Meraas (Official Website)
Recommended Posts
