Most expensive areas for apartment living in Dubai
Dubai neighbourhoods offer spectacular residential properties catering to different budgets and preferences. The city also attracts a lot of expats eager to live a high life, either as tenants or owners in some of the most prestigious addresses. If you’re interested in buying or renting flats in the emirate, 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, particularly flats for sale in Dubai, attract investors and residents from around the world.
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- 1150 SQFT
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- 1685 SQFT
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- 2218 SQFT
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- 848 SQFT
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- 814 SQFT
Those searching for a home befitting their Dubai lifestyle may want to check out residential areas offering an unmatched luxury living experience. If apartment living is what you prefer, read on to find out which are the most expensive areas to live in Dubai.
BLUEWATERS ISLAND
Home to Ain Dubai, the world’s largest Ferris wheel, Bluewaters Island tops our list of luxurious areas in Dubai for apartment living. The artificial peninsula is perfect for home hunters looking for exclusivity. Apartments for rent in Bluewaters Island come with exciting amenities, including swimming pools, play areas for kids and facilities for differently-abled residents.
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 Tassuad’s Museum and Caesar’s Palace, which has an on-site beach club.
You can find many well-known restaurants on Bluewaters Island, like Gordon Ramsey’s Hell’s Kitchen, one of Dubai’s best celebrity chef restaurants.
- On average, you can rent a 1-bed flat in Bluewaters Island for AED 310k.
- The average rent increases to AED 495k and AED 716k for 2 and 3-bed apartments.
- To buy a 1-bed apartment in Bluewaters Island, you must pay AED 3.1M, on average.
- The asking sales price climbs to AED 6.3M and AED 9.5M for 2 and 3-bed flats, respectively.
- The ROI for flats in the area stands at 8.16%.
PALM JUMEIRAH
Palm Jumeirah is next on our list of the most expensive areas in Dubai, with apartments for rent and sale. This artificial island resembles the shape of a palm tree and has a trunk, a crescent and 16 fronds. You can find luxury villas and apartments dotted across the island.
Living in Palm Jumeirah means experiencing the best of Dubai, from incredible entertainment avenues to gourmet restaurants. You can also find some of the best luxury resorts here, including Atlantis The Royal and Atlantis The Palm!
- To rent a studio in Palm Jumeirah, your average financial outlay for the year would be AED 111k.
- If you want to rent a 1 or 2-bed flat, the average spending would be AED 165k and AED 243k.
- For a larger 3-bed flat for rent in Palm Jumeirah, you can expect to pay AED 312k.
- Looking to buy a studio in Palm Jumeirah? The average cost would be AED 1.5M.
- Similarly, for a 1-bed flat, asking sales prices average at AED 2.9M.
- The average sales price for larger 2 or 3-bed units is AED 4.4M and AED 6.6M, respectively.
- The ROI for flats in Palm Jumeirah stands at 5.05%.
DUBAI HARBOUR
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.
You can find luxury residences in the area. Many buildings offer breathtaking views of the Arabian Gulf and Dubai Marina. Apartments in the area usually have spacious bedrooms, attached baths, built-in wardrobes, floor-to-ceiling windows, interior finishing according to modern tastes and preferences and spacious balconies to soak in the stunning views.
- You can find a 1-bed apartment for rent in Dubai Harbour for AED 163k, on average.
- The average rent is AED 269k and AED 475k for 2 and 3-bed flats.
- To buy a 1-bed flat in Dubai Harbour, your average financial outlay would be AED 2.5M.
- Expect to pay AED 4.3M and 7.1M to buy a 2 and 3-bed flat in Dubai Harbour, respectively.
- The expected ROI for flats here stands at 6.44%.
AL BARARI
Redefining standards of an eco-friendly community, Al Barari can be another suitable option for anyone who wants to sustainably rent an apartment in Dubai without cutting down on luxury.
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- 911 SQFT
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- 1334 SQFT
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- 1334 SQFT
Living in Al Barari has its benefits. Aside from a peaceful living environment, the gated community features a health club, destination spa, plenty of green spaces and even a gourmet restaurant.
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. Al Barari is one of Dubai’s most expensive residential areas, featuring an impressive choice of apartments and villas, so you can expect the best of luxury and comfort.
- Interested in renting a 1-bed flat in Al Barari? The expected annual outlay would be AED 134k.
- You have to pay AED 316k and AED 548k, respectively, to rent 2 and 3-bed units.
- To buy a studio in Al Barari, you can expect to pay AED 900k, on average.
- The average sales price for 1 and 2-bed units is AED 2.1M and AED 4.2M.
- For 3-bed flats, your expected financial outlay would average at AED 8.1M.
- The ROI for Al Barari flats is 8.69%
AL WASL
Rounding off our list of the most expensive areas to live in Dubai apartments is the popular locality of Al Wasl. The area is home to top tourist spots like BoxPark, City Walk and Galleria Mall.
You can find villas and apartments in the area with high-end amenities. Importantly, the area provides quick access to Jumeirah, Al Safa, Downtown Dubai, Al Satwa and Business Bay. It is a family-friendly area with various schools, parks, salons and retail outlets. City Walk buildings, in particular, are quite a hit among tenants and buyers interested in living in luxury apartments in Al Wasl.
- In search of a rental studio in Al Wasl? The average rent is AED 45k.
- For 1 and 2-bed flats, expect to pay AED 176k and 248k, respectively.
- For a larger 3-bed flat, prepare to spend AED 311k, on average.
- Want to buy a studio in Al Wasl? The average sales price is AED 790k.
- Investing in a 1-bed unit means spending AED 1.6M.
- For 2 and 3-bed flats, you can expect the sales price to average at AED 4.9M.
- The ROI of apartments in Al Wasl is 6.35%.
FAQS
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 in return for your investment.
Area | ROI |
|---|---|
Area Bluewaters Island | ROI 8.16% |
Area Palm Jumeirah | ROI 5.05% |
Area Dubai Harbour | ROI 6.44% |
Area Al Barari | ROI 8.69% |
Area Al Wasl | ROI 6.35% |
IN WHICH AREAS CAN I FIND LUXURIOUS PENTHOUSES?
Looking for something more lavish? check out areas offering luxurious penthouses in Dubai.
That’s all for our review of the areas with the most expensive apartments in Dubai. If you prefer island living, reading up on the residential islands in Dubai is also a good idea.
For more updates on the UAE real estate market trends, stay tuned to MyBayut.
