Madinat Jumeirah Living

Dubai is filled with expensive but luxurious residential properties. The rate of the properties depends upon the area in which they are. The good part is that the prices of the properties are going down drastically each year. This is because of the competition that the real estate development companies are providing us with. New projects like Emaar Beachfront will surely give us a decrease in the properties constructed early.

Still, some of the residential areas are not affordable for a middle-class man. Here are some of the most expensive residential areas in Dubai:

Palm Jumeirah:

Palm Jumeirah is the most expensive neighbourhood to buy an apartment in Dubai. The luxury island has an average apartment sale price of nearly 4 million Dirhams and that includes penthouses, four, five, six-bedroom apartments.

Let’s talk about the one and two-bedroom apartments that you can buy. The average price of a one-bedroom apartment is around 1.5 million Dirhams, while a two-bedroom apartment will cost you around 2 million Dirhams.

Jumeirah:

The two-bedroom apartments in the Jumeirah are more expensive than the two-bedroom apartments in the Palm Jumeirah. The average price of the apartments in this coastal neighbourhood goes for around 2.2 million Dirhams and 1.3 million dirhams for a one-room apartment.

The neighbourhood is getting a bit cheaper though, with apartment prices coming down at 0.6% annually.

Dubai Festival City:

The average price of the apartments here is around 2.8 million Dirhams. It is located next to the Dubai Festival City mall, you will find the hard rock cafe and the amazing light show. You will find two-bedroom apartments coming in at a price of 2.2 million Dirhams, while the one-bedroom apartments will be around 1.6 million Dirhams. The average market condition has been going downhill annually, lowering the prices of the apartments.

Burj Khalifa Area And Downtown Dubai:

If you fancy a room with a view though, then perhaps one of the world’s most iconic neighbourhoods will suit you. How about the Burj khalifa area and downtown Dubai? Now if you want an apartment at Dubai’s most iconic location, you will be paying more than the prices you will find anywhere in the city.

A one-bedroom apartment here will cost you around 1.3 million Dirhams on average, whereas a two-bedroom apartment will cost you around 2.1 million Dirhams. The average asking rate for the apartments is 20% higher than the current rate, so there are a lot of chances for a bargain. If you are up only for a studio apartment, you can pick one for around 800,000 Dirhams.

Jbr:

To get an apartment in JBR, you will be spending around 2.4 million Dirhams on average. Found in the very heart of new Dubai, you will find this place down by the coast with glorious views of blue seas.

A one-bedroom apartment will cost you around 1.3 million Dirhams on average, which is a good 10% down from the average market price. The jumping cost between one and two-bedroom apartments isn’t actually that high. You can get a two-bedroom apartment for an average of 1.6 million Dirhams.

Villas At Palm Jumeirah:

This comes in as the most expensive neighbourhood for buying a villa. This is where you will find plenty of villas, some even come with their own stretch of private beach. Despite property prices falling 1.5% in the last year, the average four-bedroom villa goes from more than 10 million Dirhams, but the prices do start from 6 and a half million Dirham. If you are looking forward to a five-bed villa, the average price starts at 9 million Dirhams.

The location allows you to be next to some of the world’s famous and iconic hotels including Atlantis the Palm and the newly opened W at the Palm. You will also be next to The Point, which has the most scenic views.

Getting property and enjoying the Madinat Jumeirah Living can be a dream for many residents out there. The prices of the above-mentioned areas differ from each other, but one thing is for sure that the fluctuation in prices of the properties have surely opened possibilities for a common man to buy a property at these places.

2 thoughts on “6 Most Expensive Residential Areas In Dubai”
  1. Incredible, Wish you all the best. Usually I never comment on blogs but your article is so convincing that I never stop myself to say something about it. You’re doing a great job Man, Keep it up.<a href=”https://www.newwayint.com/”>real estate company dubai</a>

  2. Damac Lagoons By Emaar

     

    IT’S WHERE YOU NEED TO BE

    Damac Lagoons is the most prestigious Offplan project in Dubai’s Real Estate Market

    Whether you’re looking for a smart investment or a residential property to call your own, enjoy the best life has to offer with a DAMAC home in Dubai.

    Comfortable, cosmopolitan and secure, choose your home in the city from a wide range of prime locations that keep you close to the vibrant life you desire.

     

    Live Life to the Fullest

    Damac Lagoons is have all the adventure which is expected from holiday living from Swimming Pools to Sports Facilities, Playground, Club House, Close Proximity to Central Park, Outdoor Gym, Direct Access to Lush, Green, Open Spaces, Jogging Track, Spacious Side Gardens

    It’s not just have the private beach side or water park but it is designed with the modern aesthetics for lavish living standards From luxuries Balcony/terrace, elegant Washer, Rural/secluded, Fireplace, Lawn, Laundry, TV Cable, Outstanding Interiors, Air Conditioning, Porter/security, Window Coverings, Garden, Parking/Garage, Gym will increase the overall quality of holiday living.

     

    Location

    Damac Lagoons Villas is located at Prime location with spacious sizes in Dubai’s most prestigious point.

    Call us for more details +971 50 524 6714

    • 10 MIN TO DUBAI HILLS

    • 5 MIN TO DAMAC HILLS

    • 15 MIN TO MALL OF EMIRATES

    • 25 MIN TO DOWNTOWN DUBAI

     

    Pricing and Plans

     

    EOI – AED 20,000

    Pay 5% Down payment

    70/30 – 5 Years Post-Handover Plan

    Handover – October 2024

     

     

    We at Vision-ARY aims to build the most powerful real estate team specialized in selling prime residential and commercial properties in UAE.

Comments are closed.