With the news this week that Swedish pop giants Abba are going to start touring, well, their “Abbatars” are, we’ve got Money, Money, Money, on our minds, so we decided it’s time to check out what kind of home we could afford in Dubai if “money, money, money” really was no object and we had the means to own or rent one of Dubai’s most expensive properties. As Agnetha, Anni-Frid, Björn and Benny once sang, it “must be funny, in a rich man’s world”… Well, we don’t know about “funny”, more like “amazing” to be able to afford one of these absolutely stunning homes in Dubai. So, sit back and take a look around some of Dubai’s most expensive properties, according to Bayut’s listings. We hope you enjoy your insight into these magnificent mansions and awe-inspiring apartments as much as we have.
dubai’s most expensive villa for sale – enviable emirates hills
When it comes to high rollers, they don’t get much higher than Emirates Hills – aka The Beverley Hills of Dubai, which is where this beautiful 43,000 sq. ft. 6-bedroom villa in Emirates Hills is located and where you will find many of Dubai’s most expensive properties. The asking price is a cool AED 170M, but for that, you will get all that space, a gorgeous garden, access to Emirates Hills’ legendary gated grounds and facilities, and a host of other first class amenities. If that price is just a little bit out of your budget, you could check out other properties for sale in Emirates Hills, where prices currently start from AED 3.65M for a modest, relatively speaking, 4,000 sq. ft. 3-bed villa.
Emirates Hills is home to not one, but two first class golf clubs – The Emirates Hills Golf Club and the Address Montgomerie Golf Club, so you are spoilt for choice when it comes to lush green spaces and views of rolling hills, and, space to breathe and relax. The beauty of Emirates Hills is the glorious setting, which feels like an exclusive country club, while still close to the action. Mall of the Emirates is less than 20 minutes away in the car, Dubai Marina 15 minutes, as is Ibn Battuta Mall. Media City is even closer at just 10 minutes away, while captains of industry can be in Dubai International Financial Centre (DIFC) in around half an hour.
dubai hills are alive with the sound of home goals
Emirates Hills is just 15 years old, which is rather mature by Dubai construction standards, and it has new, younger sister development, set inland, which offers equally opulent properties for high net-worth individuals looking for some serious gated community luxury. This fabulous 7-bed 22,860 sq. ft. Dubai Hills Estate, Hills Grove villa has some serious wow factor, luxuriously furnished, acres of space, stunning views over the rolling green hills that give the development its name, as well as a large, private pool.
The property is currently listed for a mere AED 98M, but as the district becomes as established as its older sister Emirates Hills, prices are likely to soar. Hills Grove is part of the prestigious Dubai Hills Estate. Villas for sale in Dubai Hills Estate start from a slightly more affordable AED 1.8M for a 4-bed 3,962 sq. ft. property in Park Heights. When complete, Dubai Hills Estate is due to have its own golf course as well as a top-class tennis academy, as well as a host of other premium amenities, and is therefore likely to top many future lists of Dubai’s most expensive properties.
tallest building burj Khalifa has the highest priced apartment
It is probably no surprise to know that the highest apartment in Dubai, the world in fact, as it is in the world’s tallest building, comes with the highest price tag – step forward that epitome of the UAE and Dubai’s enormous cultural achievements, Burj Khalifa, where the 107th and 108th floor 20,986 sq. ft. 11-bed penthouse in Burj Khalifa is listed for sale for a cool AED 100,875,888, the most expensive apartment in Dubai. The delights of living in Downtown Dubai need no introduction to regular readers of MyBayut, but to refresh your memory, the world’s biggest shopping mall by area, The Dubai Mall, is on your doorstep, along with the more traditional Souk Al Bahar, and the stunning cultural hub, the Dubai Opera. You are guaranteed the best of all front row seats for the district’s stunning New Year’s celebrations, which light up the city with extraordinary light and pyrotechnic displays. Owning this apartment is really taking possession of a unique piece of the architectural history, not just of Dubai or even the UAE, but of the remarkable early 21st century development of the region in general.
If AED 100M is just a little out of your price range, you could start off looking at smaller apartments for sale in Burj Khalifa, which start from around AED 1.9M for a 548 sq. ft. studio, or try renting an apartment in Burj Khalifa, starting from AED 100,000 per annum for a studio.
island high life on the palm
What’s not to love about the Palm Jumeirah? Sea breezes, proximity to stunning hotels and beautiful beaches, and of course some of Dubai’s most expensive properties. If an apartment 800m up in the Burj Khalifa isn’t your scene, why not consider spending your days gazing out at the azure waters of the Arabian Sea from your own 5-bedroom duplex 21,294 sq. ft. Palm Jumeirah penthouse? The cost of owning this movie star-style home will set you back AED 93,330,000, but for that, you will get a sensational spacious roof terrace with private infinity pool, on The Palm’s West Trunk.
The attractions of living on The Palm are well known. Proximity to some of Dubai’s showiest five-star hotels, including the world famous The Atlantis The Palm and an opportunity to own a piece of one of Dubai’s original marvels of engineering, which first began construction back in 2001. If your budget does not quite stretch to a penthouse, there are plenty of other choices of apartments for sale on The Palm, and you could pick yourself up a bijou studio for just AED 750,000. Or, to test those blue waters first and rent a property on The Palm a snip at AED 50,000.
hotel apartment high rollers
A less talked about but no less lucrative aspect of the luxury Dubai real estate sector is that of hotel apartments, opportunities to experience five-star luxury hotel living in a home away from home. One of the newest contenders on the scene in the hotel apartment market is The Opus, the a unique building with a breathtaking design by Zaha Hadid, famously the only project by the late, great Iraqi-born architect in Dubai. This ultra-contemporary 3-bedroom 6,152 sq. ft. hotel apartment may be relatively modest in size compared to the properties we have seen so far, but it makes up for it in cutting edge design and the prestige of owning part of a building designed by one of the 21st century’s most fascinating and innovative architects.
Business Bay, the neighbouring district to Downtown, has all the amenities of its more high profile adjacent community, but with a slightly harder more urban edge. There is a huge choice of properties for sale in Business Bay and plenty of properties for rent in Business Bay. The district is also home to more of Dubai’s most fascinating architecture, including the innovative O14 building, known affectionately as “the cheese grater”, and the Iris Bay. If you are interested in hotel apartments in Business Bay and AED 23M is a bit out of your price range, you can pick one up for AED 685,900.
rent a heavenly home
Our curiosity was piqued by this mysterious AED 3.4M per year rental villa in Emirates Hills which is so exclusive that only people serious about renting it are allowed to see pictures. It is currently Bayut’s most expensive villa for rent, earning it a place in our list of Dubai’s most expensive properties, and offers 100% golf course view, 19,000 sq. ft. of space, six bedrooms, seven bathrooms, and promises a unique top quality finish. While AED 3.4M may be beyond the pocket of most, but if you fancy renting a villa in Emirates Hills, you will need a fairly large pocket, as current prices start from AED 600,000 per year.
Further down the scale, other super high-end villas include this stunning Romanesque-style property in Umm Suqeim. Umm Suqeium, one of Dubai’s older districts, is one of the more serene part of the city which is very popular with families looking for a more traditional-style property. If you cannot quite stretch to AED1M, you will find plenty of villas for rent in Umm Suqeim that may suit your pocket.
your home is your castle at palazzo versace
It is all about the penthouses when it comes to Dubai’s most expensive properties, as this 4-bed 5,016 sq. ft. penthouse in Palazzo Versace, currently, Bayut’s most expensive apartment listed for rent, shows. Situated in the newly named Culture Village, a new Dubai district which is right next to one of the oldest parts of the city, Dubai Creek, offering peaceful waterfront views and proximity to the places where you can see some of the emirate’s most authentic heritage sites. Properties for rent in Palazzo Versace start from AED 170,000, which will get you a fully furnished 2-bedroom property with a pool view.
We hope you enjoyed our tour of Dubai’s most expensive properties. Which one was your favourite? Let us know in the comments below, and check out the UAE’s favourite property blog for more news, trends and property information.