Dubai hotspots for luxury apartment developments.
- The city has 4 hotspots for luxury apartments and real estate including Dubai Marina, Downtown Dubai, St. Regis Residence and Jumeirah Palm.
- In 2023 Dubai became the world’s most popular location for luxury apartments, beating flagship cities like New York and London.
- The individual market for luxury apartments generated $420 million in Q3 of 2023.
Dubai has a lot of demand for high-end apartments which gives the city its key identity as the world’s most sought-after location for luxury real estate.
The City has 4 locations that stand out from the rest, offering exclusive luxury apartment complexes.
Dubai Hotspots:
Dubai Marina.
The marina is an urban centerpiece of modern Dubai, it’s a waterfront location with complexes such as:
- The torch.
- Elite Residence Twin-Tower.
- 23 Marina.
- DAMAC Heights.
Downtown Dubai.
The City’s downtown is located along Sheikh Zayed Road and the Dubai Canal, it’s the center of the city, filled with megaprojects and key locations of the city such as:
- Burj Khalifa.
- Address Downtown.
- Elite Towers.
Palm Jumeirah.
Dubai’s cluster of artificial islands in the shape of a palm.
Jumerirah hosts a lot of high-end towers and resorts such as:
- Shoreline Apartments.
- Marina Residences.
- Tiara Residences.
- Saint Regis: The Residences.
- Six Senses Residences, The Palm.
In 2023, Dubai became the world’s most popular place for luxury homes and buildings, beating other popular places around the world.
The most recent figures from Property Finder show that there were $8 billion in transactions in October, with 60% of buyers looking for apartments.
The city is also a top destination for high-end residences, with branded properties outperforming those in big-city real estate hubs like New York and London, according to Savills.
The individual property sales in Dubai for the real estate market generated $420 million in Q3 of 2023 alone, placing footprint on the demand the city receives for this market.
