Dubai is a futuristic city. It elevates the standards of living and is deemed a top choice when it comes to luxury real estate investment. Its high-end properties for sale such as penthouses, villas and mansions, splendid skyline, waterfront properties, premium amenities such as beach access and private swimming pools, lifestyle appeal, tax benefits and investor-friendly policies make it a top luxury real estate investment destination.
A diverse range of premium choices that promise both comfort and capital appreciation, special layouts and architectural innovation are hallmarks of Dubai’s high-end properties. Luxury enthusiasts, home seekers and high-net-worth individuals from all over the world now prefer investing in Dubai because the real estate sector of this emirate is developed to cater to their specific needs and preferences, allowing both investors and home seekers to meet their investment objectives.
Indeed, Dubai has become a global investment hub for luxury real estate. People who seek luxury, prestige and high ROI are attracted to this amazing city, making it a more desirable property market. If you also want to explore Dubai’s luxury real estate market and buy your dream house in Dubai then continue reading this blog because it uncovers the scope of the city’s luxury real estate market.
Why Dubai Stands Out For High-End Property Investment?
In recent years, Dubai has emerged as a global investment hotspot for high-end property investment. In the first place, its location is quite pivotal as it is located at the crossroads of Asia, Africa and Europe, offering connectivity and accessibility. Furthermore, tax-free returns because there is no annual income tax and capital gain tax in Dubai, strong return on investment, transparent regulatory framework and secure environment for real estate investment make it an attractive choice for real estate investment not only in the Middle East but the world.
Furthermore, Dubai’s sophisticated lifestyle, futuristic infrastructure, the state of the art transport networks and world-class educational and healthcare facilities add to the attraction of its high-end real estate market. Besides offering a luxurious living experience, property investors can also obtain the Dubai Golden Visa which is a long-term residency permit. Only people who own real estate worth AED 2 million become eligible to apply for this extended residency visa.
Who Can Buy Luxury Property In Dubai?
Dubai allows UAE nationals, GCC citizens and even foreign investors to buy and own all types of real estate. There is a criterion that one needs to understand before buying property in Dubai. Dubai boasts mainly two types of properties: freehold and leasehold properties. Freehold properties for sale in Dubai grant complete property ownership rights to all investors. Even expats and foreign nationals can purchase and own all types of residential and commercial real estate. On the contrary, leasehold properties do not offer complete ownership rights. These kinds of properties offer temporary ownership rights.
Buying property in Dubai for foreigners is allowed as they can invest, purchase and enjoy ownership rights in Dubai by investing in freehold properties in Dubai. Foreign investors just need to meet the basic criteria such as valid identification and proof of funds to purchase properties for sale in Dubai.
Types Of High-End Properties Available
Dubai’s luxury real estate market comes with a wide variety of upscale living options that are designed to meet today’s needs and preferences of investors. High-end properties in Dubai include penthouses for sale in Dubai, sky villas, waterfront properties such as mansions and luxury and standalone villas for sale. Luxury real estate comes with top-notch facilities and amenities to offer a unique living experience. No matter whether you desire to enjoy the tranquility of waterfront living or take advantage of Dubai’s splendid and serene views, luxury properties in Dubai are designed to meet your specific preferences.
Dubai’s Most Exclusive Luxury Properties For Sale!
Six Senses Residences Dubai Marina
Six Senses Residences by Select Group at Dubai Marina is a 122-story high-rise development. This project features 2 to 5-bedroom apartments for sale in Dubai, penthouses, duplexes and triplex sky mansions. It is an off-plan project and its handover date is July 2028. It offers a unique living experience that transcends mere living. If you intend to live a splendid lifestyle then consider investing in this project.
Burj Binghatti
Bur Binghatti by Binghatti Developers at Business Bay is an off-plan real estate development. Designed by Jacob & Co, it is a marvelous project for property-related investment. This is a 112-story high-rise project that is aimed at elevating the living standards of its residents. Properties for sale include penthouses, villas and sky mansions. Consider Burj Binghatti for your real estate investment and take advantage of its flexible investment plan.
Sweden Beach Palace
Sweden Beach Palace at The World Islands comes with exclusive beach palaces for sale in Dubai. Each unit boasts a private beach, and splendid gardens, offering a sophisticated lifestyle. Every aspect of this project is perfectly designed to offer a premium way of living. People who desire to experience the utmost comfort and elegance should consider Sweden Beach Palace for real estate investment.
Four Seasons Private Residences
Four Seasons Private Residences by H&H Development at DIFC is a modern residential project. This project features 3,4 and 5-bedroom splendid residences. It is an off-plan real estate project and its handover date is Q4 2027. Apartments can be purchased through attractive payment plans. When it comes to luxury living and generating high ROI, Four Seasons Private Residences at DIFC is considered a top project for investment.
Sky Palace Burj Khalifa
It is an iconic duplex penthouse located on the top two residential floors of the world’s tallest skyscraper. It spans over 21,000 sq. ft. Known for offering 360-degree views of Dubai’s skyline, it is laced with high-end facilities and amenities. It is deemed a symbol of prestige and luxury. Its location, unique design, high-end amenities and unmatched features make it a perfect place for living a splendid and memorable life in Dubai.
Legal Considerations & Fees
It is essential to comprehend the required legal and financial obligations when exploring Dubai’s luxury real estate market. Property investors are required to pay 4% of the total property value as the Dubai Land Department (DLD) fee. Besides property buying costs, the commission of a real estate agent is also paid which can reach up to 2% of the purchase price. If a buyer is buying a property via mortgage then he also needs to understand mortgage-related regulations before initiating his purchase. Furthermore, maintenance and service charges must also be considered when investing in Dubai’s real estate.
Step-by-Step Process to Buy a Luxury House in Dubai
- First of all, a property investor needs to define his investment budget and objectives. Determine your budget based on your specific preferences and financial reach. Also, consider factors such as your lifestyle preferences and the ROI potential of a property when defining your investment goals.
- Get the services of a RERA-registered real estate agent to secure a fair deal. A professional can help you navigate the property market of Dubai. He will also find a property and negotiate on your behalf.
- When you shortlist a property then you should reserve it. You should place a reservation deposit. Also, let your real estate agent check the legal status of that property.
- When you decide to make a purchase then also prepare and sign a sales agreement. This document must include all necessary details such as payment structure, timeline and responsibilities of both parties.
- When a buyer signs the agreement then he is required to pay the remaining deposit. Bank approval is also necessary to present if buying through a mortgage.
- Register your property with the Dubai Land Department (DLD) and pay the DLD fee to transfer the ownership of that property.
Summing Up!
Dubai is a global hub for luxury real estate investment. It offers an exceptional lifestyle and long-term value. A diverse range of premium properties for sale in Dubai, tax benefits, off-plan properties for sale, property ownership rights, property-related residency visas, world-class amenities and a secure living environment make it a top choice for real estate investment.
Luxury property options in Dubai include penthouses, mansions and villas for sale. Waterfront properties, private beach access, swimming pools and landscaped gardens also enhance the charm of its real estate. Buying a high-end property is quite seamless. One just needs to define his budget and get the services of an expert to own a luxury property in Dubai.
Your Trusted Partner For Real Estate Purchase In Dubai!
Kelt and Co Realty is a prominent real estate agency in Dubai. This property company helps people buy, sell and rent all kinds of properties in Dubai. If you desire to purchase and own real estate in Dubai then get our real estate services to make your investment profitable. Our real estate experts believe in delivering value and meeting the needs and expectations of our clients because, at Kelt and Co Realty, we extend custom-made real estate services.
FAQs
Can foreigners buy luxury property in Dubai?
Yes. Foreigners can buy all types of luxury real estate in Dubai’s freehold areas. If you are a foreigner, you can purchase and even own your purchased property if you invest in a designated neighborhood.
What are the main charges involved in buying property in Dubai?
The DLD fee, agent commission, registration fee, NOC fee and mortgage registration fee are some of the main charges included in a property purchase in Dubai.
Do I need a residency visa to purchase a property in Dubai?
No. You do not need to get a residency visa to buy property in Dubai. However, buying real estate in Dubai can make you eligible to get a residency visa, enabling you to stay in Dubai for a longer period.
Can I get a mortgage in Dubai as a foreigner?
Yes. Foreigners are also eligible to apply for home loans or mortgages in Dubai. If you meet the basic criteria then you can get a mortgage.
