What luxury living looks like in Dubai
If you want to experience luxury living, there’s no better place than Dubai, as it offers you a wealth of quality build, great design and exclusive offers. Typically, real estate investments are seen as a means to grow your funds over the long term, but, instead of filling your portfolio with standard properties, look to acquire luxury homes as hard assets and get rental yields up to 10%.
In fact, based on a survey by YouGov, commissioned by Ellington Properties, the UAE was voted the most sought-after destination for real estate investors looking for the highest quality in architecture and interior design. Around 78% of respondents voted Dubai as the favourite, and 58% stated their first choice in unit type would be a villa or townhouse.1
[Related: Buying a luxury property in Dubai in 3 simple steps]
Where do you start? Simple, get in touch with the right property developer and find Dubai's high-end residential offerings; as well as other attractive options like branded real estate and serviced hotel apartments.
But what is luxury real estate?
There is no single size, style or design to indicate that a piece of property is a luxury home. However, in general terms, such properties would be larger than average and unique in design.
Typically, luxury real estate offers potential buyers security, exclusivity and privacy. It may come with a bespoke design or architectural features specifically geared towards the buyer. It's not uncommon to find special elements like pools and spas, exterior fireplaces, ponds and fountains, top-of-the-line security, feature lighting, and more.
Besides elegant finishing and design, a piece of luxury property comes with a targeted lifestyle. In Dubai, keep an eye out for offers which complement your way of life.
How can you benefit from such an investment?
If you've found an existing luxury property, make sure you’re getting the desired rental yield. Also, have the option of remodelling and reselling it for a nice profit. This can be a more effective way of reaching your financial goals than building a new house from the ground up.
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[Related: Make sure your starter home has investment potential]
- You can transform a luxury home into a coveted vacation rental: Top tourist destinations like Dubai are perfect places to acquire properties that can be rented out. Other advantages of owning a luxury rental home are asset appreciation, important networking opportunities and lucrative income during peak seasons.
- Properties in excellent locations are in demand: Luxurious hotels and residential apartments in towering developments, houses within exclusive golf communities and branded villas in prime locations with stunning views are the height of opulence. Should you plan to move on in the future, your luxury property in Dubai is sure to fetch a good price from investors seeking the best quality and lifestyle.
