TOP 5 EXPENSIVE AREAS IN DUBAI

EXPENSIVE AREAS
TOP 5 EXPENSIVE AREAS IN DUBAI

DUBAI MARINA

 

Dubai Marina is an affluent residential neighborhood known for The Beach at JBR, a leisure complex with al fresco dining and sandy stretches to relax on. Smart cafes and pop-up craft markets line waterside promenade Dubai Marina Walk, while Dubai Marina Mall is packed with chain and luxury fashion brands. Upscale yachts cruise through the large man-made marina, where activities range from jet-skiing to skydiving.
Balancing city vibes and a waterfront lifestyle, Dubai Marina is one of the city’s most vibrant and popular districts. In fact, it is an ideal location to live, work and play! If you’re wondering exactly what living in Dubai Marina is like, you’ve come to the right place. Today, we explore this urban hub of luxury living and vibrant nightlife.

Dubai Marina is always buzzing with activity. Home to impressive residential towers, including the world’s tallest ‘twisted’ high-rise Cayan Tower, this glittering destination easily rivals some of the world’s most aesthetically-pleasing urban waterfront districts.To start our guide, we take a look at the many benefits of living in Dubai Marina – which combine to make it one of the most popular areas to live and visit in the city. 

NO SHORTAGE OF MALLS, RESTAURANTS, BARS AND NIGHTCLUBS

Looking for quality retail options in Dubai Marina? The shops in Marina Mall feature international brands to suit every budget.

This waterfront retail, leisure and entertainment destination offers everything from trendy cafes to casual eateries for the foodies. The fine-dining restaurants in Dubai Marina, on the other hand, offer the ultimate in gastronomical experiences. Those looking for places to visit in Dubai Marina to dance the night away can head to the well-known beach and nightclubs in Dubai Marina. Similarly, these bars in Dubai Marina are perfect for a night out with friends.

Dubai Marina’s massive portfolio of rental apartments has options for everyone, from professionals to couples and families. This neighbourhood is the epitome of luxury living, with over 200 residential towers.

Almost all residential buildings and complexes come with fully-equipped gyms, swimming pools, BBQ areas, children’s playgrounds, sports courts and saunas. Depending on your budget, you can find studios to 3-bedroom apartments in Dubai Marina with high-quality interiors and finishing. These properties also have airy and bright living spaces and balconies offering mesmerising views of the marina and skyline.

The asking prices remain competitive for those looking to buy apartments in Dubai Marina.


 

DOWNTOWN

 

Downtown Dubai is the city’s busy tourism hub, home to the towering Burj Khalifa skyscraper, with its observation deck, and the dancing Dubai Fountain, where crowds gather to watch music and light shows. The sprawling Dubai Mall offers global fashion brands and casual eateries, while Emaar Boulevard has a chic cafe scene. The Dubai Opera hosts dance, opera and musicals in a striking dhow-shaped building.

 

Downtown Dubai is easily one of the most popular locations to live in the city, thanks to the luxurious properties and state-of-the-art facilities that come as standard in this part of town. Let’s look at some other benefits of living in Downtown Dubai and see why it is so popular with investors and renters.

One of the first projects to be completed by Emaar, Downtown Dubai is meticulously maintained, with residents never found wanting for quality amenities. There are constant efforts to improve the area’s infrastructure; new residential properties and attractions are added periodically to keep things interesting for those buying and renting apartments in Downtown Dubai.

According to current listings, studio apartments for rent in Downtown Dubai are available for a starting price of AED 34k per annum. If you are interested in larger units, 3-bedroom apartments in Downtown Dubai are readily available, starting at AED 70k.

Real estate investors will also be happy to know that there is no shortage of apartments for sale in Downtown Dubai.

Imagine having friends over and showing them the magnificent views of the Burj Khalifa from your balcony or treating them to a scintillating display of the Dubai Fountains.

The biggest allure of a Downtown Dubai address is the prestige associated with it. It is the centre of everything Dubai is famous for, including the tallest building in the world, the Burj Khalifa, and the largest mall in the world, The Dubai Mall.

PROXIMITY TO MAJOR BUSINESS HUBS

Apart from being home to some of Dubai’s most attractive landmarks, Downtown Dubai is also close to DIFC and Business Bay, two of the city’s most prominent business hubs. One of the pros of living in Downtown Dubai is the easy commute to these areas and other popular commercial and residential areas.

There is never a dull moment if you are living in Downtown Dubai. There are restaurants and cafes on Mohammed Bin Rashid Boulevard for foodies — featuring everything from healthy bites and gluten-free treats to the finest concept restaurants in Dubai like Spice Klub, The Fish House, and more.

If you are an adrenaline junkie looking for exciting outdoor activities in Dubai, a trip to the top of the famous Burj Khalifa is in order. For all you shopaholics out there, The Dubai Mall will be like the second home you’ve always wanted!

If you are planning to move to Downtown Dubai with a furry friend, you will be happy to know that among the many things to do at Burj Park, there is also the option for dog owners to walk their dogs. While most buildings allow you to bring in pets, it would be wise to check with your landlord if pets are allowed before renting or buying a property in Downtown Dubai.

 

 

PALM JUMEIRAH 

 

The tree-shaped Palm Jumeirah island is known for glitzy hotels, posh apartment towers and upmarket global restaurants. Food trucks offering snacks like shawarma dot the Palm Jumeirah Boardwalk, popular for its views of the Dubai coastline and the sail-shaped Burj Al Arab hotel. Beach clubs with spas and infinity pools turn into boisterous nightclubs with live DJs in the evening.

Palm Jumeirah is a vibrant residential, tourism and leisure destination of Dubai launched in 2001 following the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. It spread over an area of 560 hectares and divided into three main areas; The Crescent, Trunk and Fronds.

The community is one that evokes exceptional luxury. The properties around here are equipped with state-of-the-art facilities while a vibrant collection of restaurants, entertainment facilities and a sparkling nightlife offer a perfect lifestyle for socialites. The world-famous iconic destination is developed by master developers Nakheel.

Featuring outstanding luxury living facilities, the properties in Palm Jumeirah include an exceptional collection of hotels, apartments, villas and townhouses. All of the apartments are concentrated on the Trunk of the Palm while all the villas are lined along each of the Fronds. Further, the iconic luxury hotel resort, Atlantis The Palm, is located on the peak of the Palm on the Crescent along with some other resorts such as Anantara The Palm.

Apartments are available in studios to 6-bedroom configuration with an area ranging between 505 sq. ft. to 7,683 sq. ft. These apartments come with an expansive living area, en-suite bathroom and built-in wardrobe in the bedroom, a fitted kitchen and a powder room. A few units also offer a balcony or a terrace along with a laundry room and a maid’s room.

As for villas, the community features 1 to 7-bedroom houses with an area ranging between 5,000 sq. ft. to 32,000 sq. ft. Renting or buying villas is a popular choice for families looking for private residences. There is a wide range of luxury villas catering to several different style choices and floor plans to choose from. There are traditional Arabic style houses, ultra-modern high-tech villas and luxurious vacation homes. Interested tenants can also find townhouses and penthouses in the neighbourhood available in unique layouts. These villas are not only equipped with a range of facilities but also provide direct access to the beach.

You can find a wide array of residential buildings that offer studios to 4-bedroom apartments as well as 5-bedroom luxury penthouses. Some popular apartment developments include Shoreline Apartments, Oceana, Marina Residences and Tiara Residences among several others. Most of the residential apartments offer beautiful views across the Arabian Gulf.

If you are looking for renting an apartment in Palm Jumeirah Dubai, you can expect to pay a starting annual rent of AED 58k for studios and AED 101k for 1-bedroom flats. Due to the location, views and luxury construction, rental trends tend to fall on the higher end of the spectrum. Renting a 2-bedroom apartment in Palm Jumeirah would cost around AED 124k while 3-bed apartments are up for rent at a starting price of AED 159k.

Similarly, a larger unit spanning across 4,500 sq. ft., say, 4-bedroom apartments for rent in Palm Jumeirah require an annual sum of around AED 319k. If you are interested in renting a penthouse in Palm Jumeirah, the options range from 3, 4 and 5-bed units in Tiara Residences, Shoreline Apartments, The Crescent and Marina Residences.

Among the various developments, Shoreline Apartments on the trunk features a collection of 20 mid-rise buildings. Offering a range of 1 to 4-bed apartments, the project tops the list of the most popular developments in Palm Jumeirah Dubai. The building features luxurious penthouses for rent spanning across 5,640 sq. ft. Also, interested investors can find duplex 4-bedroom penthouses for sale in Shoreline Apartments with prices ranging from AED 3.8M to AED 10M.

The development is also widely popular for buying villas in Dubai. There is a range of new, ready to move-in and furnished villas for sale with prices starting from AED 5.8M. The prices start from AED 6.7M for 3-bedrooms houses and AED 9.7M for 4-bedroom villas for sale.

The prices for the apartments and villas vary according to which development collection it falls under and the type of floor plans and sizes. Obviously, the luxury developments have a heftier price tag compared to the mid-end properties, leading to a large price range for the same property type. Getting a luxurious 5-bedroom villa for sale in Palm Jumeirah costs around AED 6.8M at the minimum while the sale price of 6-bedroom villas starts from AED 14M.

 


 

BUSINESSBAY

 

Straddling Dubai Creek, Business Bay is a contemporary financial district packed with corporate high-rises, stylish apartments buildings, and swanky hotels. Dubai Water Canal has jogging and cycling tracks plus a colorful mechanical waterfall. Mid-priced stores fill Bay Avenue mall, along with family-friendly dining options. Smart waterside restaurants serve Lebanese dishes, Asian street snacks, and high-end seafood.

Bay Square is a mixed-use community within Business Bay. The entire development will be a pedestrian-only zone, and will include walkways over canals. It will cover over 2,400,000 square feet (220,000 m2) and will be located 1 km (0.62 mi) away from Sheikh Zayed Road within Business Bay. When completed it will comprise canals, sidewalks, restaurants, cafes and retail stores. It will have 1,600,000 sq ft (150,000 m2) of office space; Bay Square will host numerous small and medium-sized enterprises. When Bay Square completes there will be approximately 575 offices with an average size of 2,000 sq ft (190 m2). Bay Square was expected to be completed in 2010. It will comprise the following buildings:[3]

  • Bay Square Commercial Building
  • Bay Square Hotel
  • Bay Square Office Building (10 Office Buildings in total)
  • Bay Square Residential Building

 

 

With a selection of beautiful apartments, hotel apartments and hotels, it has grown into a coveted address in the city eliciting an equal amount of interest from renters, buyers and tourists. The area is also closely located to the design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah.

 

For those looking at renting apartments in Business Bay buildings can find plenty of options. These residential towers offer apartments that come with a variety of amenities for tenants such as well-equipped gyms, swimming pools, children’s play areas and so on.

The rents for studios in Business Bay range between AED 28k yearly and AED 200k yearly. You can rent 1-bedroom apartments in Business Bay ranging between AED 35k yearly and AED 200k yearly. A 2-bedroom flat for rent in Business Bay starts at AED 53k yearly and goes up to AED 950k yearly.

Tenants looking for larger residential units can opt for 3 and 4-bed flats. The 3-bedroom flats for rent in Business Bay start at AED 89k yearly and go up to AED 220k yearly. The rents for 4-bed apartments in Business Bay can go as high as AED 290k yearly.

Hotel apartments in Business Bay come in studio to 3-bedroom configurations. The annual rents for hotel apartments in Business Bay range between AED 37k and AED 288k.

Annual rents for penthouses in Business Bay is between AED 199k and AED 1.3M.




 

MBR- MEYDAN

 

Mohammed Bin Rashid Al Maktoum is a vast, new-constructed mix-use development featuring the finest living quarters, located close to the center of Downtown Dubai.

 

Administered by the ruler of Dubai Mohammed Bin Rashid Al Maktoum the project blends residential, commercial, cultural and touristic venues with a fully integrated infrastructure, including connections to the rest of the city.

Due to its considerable proportions and socially important large-scale amenities the neighborhood was termed “a city within city”. As to continue, the concept includes a huge entertainment complex, giant shopping plaza Meydan One Mall, plethora of art galleries and business centers.

MBR City development involved USD 8,2 billion of investments, as it had been estimated. It covers the area of 436,6 ha, a half of which is being landscaped into walkable green areas, including a central park and golf courses.

 

MBR City was expected to reach its full completion by 2020. While handovers have begun and most parts of the area are already through, many new projects have been added over time. Today, the community offers high-rise and mid-rise apartments, luxurious villas and townhouses for rent and sale, alike. Located amidst Sheikh Mohammed Bin Zayed Road (E311), Sheikh Zayed Road (E11) and Al Khail Road (E44), the community is well-connected. Those with school going children will find that the area features two international educational institutions; Hartland International School and North London Collegiate School.

Made famous thanks to the presence of the Meydan Hotel in the vicinity, MBR City will also be an interesting community for animal lovers, with both an equestrian and falcon centre in the area. With various eateries, entertainment centres, retail shops and many more futuristic developments coming up, MBR City creates a community with a bustling environment in an ultra-modern setting.

While Mohammed Bin Rashid Al Maktoum City is a sprawling community, some of the popular projects within the area include Sobha Hartland, District One, Mag Eye at Meydan (formerly known as District 7), District 11 and Dubai Hills Estate.

Offering luxurious residences and a premium lifestyle, the residential units in the community are built with green building standards in order to conserve energy, create a natural environment and maintain efficient environmental procedures. Types of residential properties you’d find here include:

  • Apartments
  • Villas
  • Townhouses

There are studios, 1-bed, 2-bed and 3-bedroom apartments, generally concentrated in Sobha Hartland. While you may also find some even bigger 4-bedroom flats in District One, spanning across 3,000 sq. ft. Those looking to invest in luxury properties can also consider penthouses in this project. Some of these are lagoon facing, some duplex and some offer partial canal views. As for villas in MBR City, you will generally find 5 to 6-bed units, some brand new and some fully furnished. On the other hand, these residential units on offer for investment may include more options for you from 2 to 6-bed family homes to 8-bedroom mansions. District One generally features the most off-plan properties for sale. Further, in District 7, Mag Eye, you will find a good range of townhouses from 2 to 5-bed units. As of now, these townhouses in MBR City are only available for sale.

Renting apartments in MBR City opens up choices from studios and 1-bed units to more spacious 3-bed configurations. Individuals, couples and those on a budget can go for studio apartments or 1-bed flats in MBR City spanning around 550 sq. ft. to 850 sq. ft. The average cost of renting a studio in Mohammed Bin Rashid City would be AED 47k while that of a 1-bed flat is around AED 62k, per annum.

Further, there are a little more spacious 2-bed units with covered areas ranging from 1,100 sq. ft. to 2,000 sq. ft. or 3 BHK flats covering around 1,600 sq. ft. to 2,500 sq. ft. The annual cost also varies with the type of apartment you choose. For instance, 2-bedroom apartments in MBR City average at AED 94k while a 3-bed flat for rent will cost around AED 130k to AED


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