Dubai is well known for its luxury lifestyles and branded residencies. It is heaven for business investors who want to invest in ultra-luxury properties. These ultra-luxury properties provide state-of-the-art facilities that enhance the living standards and lifestyles of investors.

Dubai properties are equipped with landmark amenities such as swimming pools, large and spacious gardens, shopping malls, the best hospitals, and the best schools and universities in the world. The properties in Dubai are in high demand, which provides the owners with a high demand for rental yields.

This comprehensive guide to Prime Dubai Properties is designed to provide valuable insights, ensuring you make informed decisions on your property ventures.

Business-Hub Residencies: Most Demanding Luxury Apartments In Dubai

Dubai’s property prices are increasing day by day, reflecting the strong economic growth of the city. Following top security and available facilities, Dubai is the most preferred destination for tourists and business travellers. Which is producing high demand for short-term and long-term rental property values. So, now is the right time for investors to invest in properties in Dubai.

Let’s discuss the most demanding luxury apartments in Dubai:

1. Dubai Marina
2. Business Bay
3. Downtown Dubai
4. Palm Jumeirah
5. Dubai Creek Harbour

1. Dubai Marina

Dubai Marina is a man-made canal that is extended along the Persian Gulf and has a residential area of 3 kilometers. In 2018, it had a capacity of 55,052 people, with a target of 120,000 people upon its completion in 2022 for residential towers and luxury apartments. It was established in 2003 with an area of 4.9 kilometers squared included in the canal. The high rental yields in Dubai Marina mean immense potential for short-term rental yields, where investors can expect long-term rental yields in both residential and commercial properties.

The steady flow of these potential tenants allowed investors to buy these luxury properties in Dubai Marina. Properties in Emirates are magnets for some customers all around the world. Because of their strategic location and business-friendly policies, there are no personal income or property taxes. 

Properties in Dubai Marina are producing high rental yields; this is the main reason that attracts investors.

A list of Dubai Marina’s amenities is listed below:

• Dubai Marina has access to nearby local schools and nurseries.
• Easy access to Emirates Hospital Dubai.
• Banks, pharmacies, supermarkets, and shopping malls.
• Apartments offer gyms, swimming pools, saunas, and children’s play areas.

The average for luxury apartment sales and purchases at Dubai Marina is:

Apartment Type	Avg. Area/sq.ft	Avg.Price (USD)
1-BED	840	$404,852.26
2-BED	1,387	$668,401.00
3-BED	2,262	$1,089,588.92

Note: This data is derived from the Bayut Q3 2023 Dubai property sales market report.

• According to the report, the average price-per-square-foot is $481.63, and it has increased to 4.24% in 2022-2023.
• To buy properties in Dubai Marina, sales and purchase costs for a 1-bed apartment are $404,852.26; a 2-bed apartment is $668,401.00; and a 3-bed apartment costs $1,089,588.92 that investors have to pay on average.
• The average ROI for these properties in Dubai Marina is 7.06%.

2. Business Bay

Business Bay is located just south of downtown Dubai. It is estimated that Business Bay will have 240 buildings, both residential and commercial, in the future with skyscrapers. The entire development area covers 46,900,000 square feet. The projected population of the project is more than 191,000, and the estimated population of employers and others in this development area is 110,000.

Business Bay is continuously delivering returns on investments to its investors. The high demand for these luxury business locations in the Bay generates higher rental yields. Moreover, continuous development in these areas is key to appreciation, such as for world-class infrastructure, quality of life, tourism, and future growth prospects.

A list of Business Bay amenities is listed below:

• Business Bay metro station is on Dubai’s redline
• Swimming pools
• GYM’s
• Buisness Centers
• Shopping Malls
• Jogging tracks

The average for luxury apartment sales and purchases at Business Bay is:

Apartment Type	Avg. Area/sq.ft	Avg.Price (USD)
1-BED	746	$384,977.20
2-BED	1,237	$638,452.28
3-BED	1,799	$928,410.35

Note: This data is derived from the Bayut Q3 2023 Dubai property sales market report.

• According to the report, the average price per-square-foot is $515.93, and it has increased by 4.38% in year 2022-2023.
• To buy properties in Business Bay, the sales and purchase costs for a 1-bed apartment are $384,977.20; a 2-bed apartment is $638,452.28; and a 3-bed apartment costs $928,410.35 that investors have to pay on average.
• The average ROI for these properties in Business Bay is 6.55%.

3. Downtown Dubai

Downtown Dubai is well known for its prestigious square kilometers. One is a dynamic city that describes the economy, and the other is a global city that describes the reputation of Dubai. The development area is 500 acres, with a net worth of US $20 billion. In 2017, Downtown Dubai had a population of 13,201 people.

Downtown Dubai has an area of 2 square kilometers. Downtown Dubai is in the heart of the city, attached to most of the required amenities, and has direct access to most of the key areas of Dubai, including the business hub and business bay. Properties in Downtown Dubai are attracting most clients from many perspectives. 

These include strategic locations, business-friendly policies, relaxation in personal and property taxes, producing high rental yields, the availability of various visa options, safety, and stability. 

A list of Downtown Dubai’s amenities is listed below:

• Burj Khalifa
• Dubai international airport
• Dubai mall
• 160+ food and beverage outlets
• Swimming pools, saunas, and jogging tracks

The average for luxury apartment sales and purchases in Downtown Dubai is:

Apartment Type	Avg. Area/sq.ft	Avg.Price (USD)
1-BED	712	$534,176.28
2-BED	1,367	$1,024,790.78
3-BED	2,295	$1,717,423.02

Note: This data is derived from the Bayut Q3 2023 Dubai property sales market report.

• According to the report, the average price per-square-foot is $749.26, and it has increased by 3.25% in year 2022-2023.
• To buy properties in Downtown Dubai, sales and purchase costs for a 1-bed apartment are $520,018.70; a 2-bed apartment is $952,913.85; and a 3-bed apartment costs $1,630,571.73 that investors have to pay on average.
• The average ROI for these properties in Downtown Dubai is 6.47%.

4. Palm Jumeirah

Palm Jumeirah Dubai was established in 2001. It comprises an area of 1380 acres, 3.1 miles in diameter. In 2017, it was estimated that it would have a population of 10,000 people. The neighborhood provides island residencies, five-star hotels, and chic beach clubs. The high influx of visitors to this place generates high rental yields for the investors. Palm Jumeirah is the main hub for tourism and business.

The reason investors should invest in Palm Jumeirah is based on many factors, such as the proximity of the city to business routes, making it a hub for regional and global trade. Additionally, business-infrastructure and the best transportation are attracting foreign investors.

A list of Palm Jumeirah amenities is listed below:

• Easy access to the Lost chamber aquarium
• Custom designed lifts
• Nakheel’s mall is within walking distance
• Provision of business centres for customers
• Meditation decks and corridors
• Business centers

The average for luxury apartment sales and purchases at Palm Jumeirah is:

Apartment Type	Avg. Area/sq.ft	Avg.Price (USD)
1-BED	1,056	$795,002.41
2-BED	1,662	$1,251,856.54
3-BED	2,269	$1,708,710.66

Note: This data is derived from the Bayut March Q3 2023 Dubai property sales market report.

• According to the report, the average price per-square-foot is $752.80, and it has increased by 4.10% in the years 2022-2023.
• To buy properties in Palm Jumeirah, sales and purchase costs for a 1-bed apartment are $795,002.41; a 2-bed apartment is $1,251,856.54; and a 3-bed apartment costs $1,708,710.66 that investors have to pay on average.
• The average ROI for these properties in Palm Jumeirah is 5.63%.

5. Dubai Creek Harbour

Dubai Creek Harbour is the best example of harmony between modern lifestyle and environment. Dubai Creek Harbour is famous for Abra boats offering crossings and providing a unique perspective of both old and new Dubai at the same time. State-of-the-art property is spread over 500 hectares of land, containing more than 450 species of animals. The island district has a capacity of 200,000 people and an area of 700,000 sq. m. that is dedicated to parks and open spaces.

The master plan for the mega project features 7.3 million square meters for residential areas, 940,000 square meters for retail spaces, 300,000 square meters for offices, and 66,113 square meters for cultural areas.

Lucrative reasons for investing in Dubai Creek Harbour include the immense potential for short-term rental yields, excellent ROI, luxurious penthouses, and spacious villas in close proximity to the Yacht Club and Marina.  Dubai Creek Harbour is a challenging project for Emaar Properties. 

A list of amenities is listed below:

• Provision of elegantly designed lobbies
• Business centers
• Kids play area
• Jogging tracks
• Custom designed lifts
• Pet-friendly environment
• Wellness hubs
• Lounges and game rooms
• Metro connectivity

The average for luxury apartment sales and purchases at Dubai Creek Harbour is:

Apartment Type	Avg. Area/sq.ft	Avg.Price (USD)
1-BED	746	$443,513.33
2-BED	1,182	$702,705.90
3-BED	1,681	$998,653.71

Note: This data is derived from the Bayut Q3 2023 Dubai property sales market report.

• According to the report, the average price per square foot is $594.07, and it has increased by 6.49% in years 2022-2023.
• To buy properties in Dubai Creek Harbour, sales and purchase costs for a 1-bed apartment are $443,513.33; a 2-bed apartment is $702,705.90; and a 3-bed apartment costs $998,653.71, which investors have to pay on average.
• The average ROI for these properties in Dubai Creek Harbour is 5.99%.

Final Thoughts

Sales and purchase demand are at their highest peak at these premium locations of Dubai properties. While buying apartments in these luxury locations, the provision of basic amenities, trust, and clear communications are the keys. While acquiring these properties and assets, a patient approach and well-informed communications are likely to have favorable outcomes.

As described in the following table, the return on investment (ROI) value for Dubai Marina is the highest of all the other properties mentioned.

Popular Area	ROI	Avg. Price/Sq. Ft. ($)	1-BED	2-BED	3-BED
Dubai Marina	7.06%	$481.63	$404,852.26	$668,401.00	$1,089,588.20
Business Bay	6.55%	$515.93	$384,977.20	$638,452.28	$928,410.30
Downtown Dubai	6.47%	$749.26	$534,176.28	$1,024,790.78	$1,717,423.00
Palm Jumeirah	5.63%	$752.80	$795,002.41	$1,251,856.54	$1,708,710.66
Dubai Creek Harbour	5.99%	$594.07	$443,513.33	$702,705.90	$998,653.71

Note: ROI values are derived from the Bayut Q3 2023 Dubai property sales market report.

Frequently asked questions (FAQ’s)

Q: Why will investors from the USA invest in Dubai’s luxury properties?

A: The reason is very simple for investors to invest in Dubai’s luxury properties from the USA. strategic location of Dubai, relaxation in personal and property taxes, business-friendly policies, and properties are producing high rental yields, safety and stability, world class infrastructure, and quality of life.

Q: What are the benefits of investing in luxury apartments in Dubai?

A: Luxury properties in Dubai are offering eye-catching benefits. These benefits include high rental yields, lower operating costs, hassle-free management, and quicker sales than regular properties in Dubai.

Q: Can I buy property in Dubai without citizenship?

A: Yes, the property in Dubai can be owned without citizenship. The government has introduced non-residential permits for investors living outside of Dubai without citizenship. These designated areas are called freehold zones.