Dubai is a vibrant, luxurious and challenging city that is a multitasking paradise filled with opportunities for entrepreneurs, influencers and savvy investors. The luxury real estate market in Dubai is the envy of many, and recently set a record with notable international brands like Baccarat, Bulgari, and Swiss Watch Group featuring heavily in the market. Come and explore the new horizon of luxury on offer in the fabulous Dubai housing market.
1. Record-Breaking Luxury Real Estate in Dubai
- Good looks, amazing amenities, and luxurious surroundings are what you expect from the .
- The city has not just become home to some of the most extravagant and exclusive properties in the world, but it’s also breaking records with the highest price tags attached to them.
Top Record-Holders for Luxury Real Estate in Dubai
The Emaar Beachfront has taken the crown for being the most expensive residence available in Dubai, with an impressive price tag of AED 60 million. This residential tower is set on the Platinum Coast of Palm Jumeirah and it features a premium selection of 1 or 2 bedroom apartments and penthouses. As if the stunning views of the Persian Gulf weren’t enough, the building also offers stunning amenities such as fully-equipped gymnasium, swimming pool, and 24/7 security.
Emirates Hills
This area of Dubai is home to the well-known ‘billionaire’s row’, where you can find some of the most extravagant real estate in the region. Properties in the area come with impressive price tags and feature some of the most impressive amenities. Many of them are set on private gardens and in some cases, homes come with their own private beaches. Emirates Hills is located close to the Emirates Golf Course and is served by Sheikh Zayed Road.
2. Baccarat and Bulgari Lead the Way
When it comes to luxury jewellery, there’s two brands that rise above the rest as the trendsetters for the latest in stylish, exquisite pieces: Baccarat and Bulgari.
From Baccarat’s glorious and innovative designs, to Bulgari’s unrivalled skill with intricate details, these two brands clearly lead the way. They both take pride in their craft and devote huge amounts of time and care to ensure that each piece of jewellery is an heirloom in the making.
- Baccarat: Their collections are filled with fresh ideas and modern designs that are sure to turn heads and add glamour to any outfit.
- Bulgari: They often draw inspiration from fine art and nature to create truly gorgeous, timeless pieces.
3. Dubai’s Booming Property Market
Dubai’s property market has been booming for the past few decades and is set to continue its ascent in the years to come. From luxurious sea-view apartments in the city centre, to more affordable villas located away from the hustle and bustle – Dubai has something for everyone.
The city offers its residents of unrivalled quality of life, brimming with facilities and unique features. Not only can you benefit from tax-free salaries, but you can also enjoy year-round sunshine, duty-free shopping, and world-class amenities, all in one place!
As a property buyer in Dubai, you will benefit from:
- Low mortgage rates.
- Secure property rights.
- Favorable investment environment.
- Affordable costs of living.
Whether you’re looking to invest in a holiday home, or buy a residential property for yourself – Dubai is the perfect choice, especially for those looking for a long-term investment. With continuous growth and rising prices, there’s no limit to the potential and possibilities in the Dubai real estate market.
4. The Expanding High-End Marketplace
The marketplace at the top end of the economic range has grown significantly in recent years. In a world where luxury goods are becoming more accessible and where the ultra wealthy have more disposable income to invest, this is an arena of immense growth potential.
The purchase of luxury goods can be a statement of identity and of social acceptance. For many wealthy customers, the acquisition of certain products becomes a sought after prize. From watches to cars, jewellery to fashion, the best of the best is always in high demand.
- Branded goods such as those from the world’s most sought-after designers are among the most coveted.
- Little known products that are only available to those able to pay the premium prices can confer a sense of exclusivity.
This hunger for prestigious products is still rising and shows no sign of stopping anytime soon.
The luxury market of Dubai is living up to its name and pushing boundaries in the property world. With designer hotels, the world’s tallest building and incredible real estate opportunities, it’s no wonder that the city is a hotspot for the world’s elite. And it won’t be leaving any time soon – Dubai’s luxury housing market is setting records and showing no signs of slowing down.
