Dubai is recognized for its expensive real estate and luxurious lifestyle, and there are numerous areas in the city that are particularly linked with wealth and exclusivity. The wealth of a neighborhood is determined by the wealth of those that reside in it, and using that as an instrument of measurement, the wealthiest areas with the highest number of high net worth individuals are Jumeirah First, Al Barsha, Jumeirah, Arabian Ranches, and Al Thanyah.
Jumeirah First is regarded as one of Dubai's most premium and sought-after communities. It is noted for having some of the most opulent residences in the city, as well as a significant concentration of HNWIs. You can find large villas and mansions with private swimming pools, as well as high-end flats with stunning sea views, in this area. The average price of a property in Jumeirah First is over AED 20 million (roughly USD 5.4 million), indicating the inhabitants' significant net worth.
Al Barsha is another luxurious neighborhood in Dubai. It is well-known for its high-end real estate and huge expat community. It has a wide range of luxury residences, including villas, flats, and townhouses. Al Barsha is thought to have a significant amount of HNWIs due to the variety of high-end real estate accessible, and property prices are relatively expensive on average, at roughly AED 2,500 per sq. ft.
Jumeirah is the city’s beachfront section, recognized for its luxury resorts and high-end residences. There is a vast selection of homes available here, from apartments and townhouses to enormous villas and mansions. Many of Dubai's most iconic landmarks, like the Burj Al Arab and the Jumeirah Beach Hotel, are located in Jumeirah. It is also a favorite region for HNWIs, and property prices here are fairly high, sometimes topping AED 3,000 per square foot.
Arabian Ranches is a luxury desert-themed residential complex. It's famous for its enormous homes, townhouses, and flats, as well as its equestrian amenities and desert scenery. The complex is home to several HNWIs and is regarded as one of the most prestigious gated communities in the UAE. Property prices here range between AED 1,500 and AED 2,000 per square foot.
Al Thanyah is a posh residential neighborhood in the center of Dubai. It is well-known for its high-end real estate, luxury facilities, and substantial HNWI community. There are a variety of luxury residences in the region, including villas, flats, and townhouses, as well as commercial malls and recreational amenities. Property prices here are likewise fairly high on average, sometimes topping AED 2,000 per square foot.
Overall, these neighborhoods represent some of the most luxurious and exclusive places to live in Dubai, and offer residents access to a lifestyle of unparalleled luxury and opulence. If you’re looking for a new home in one of those areas, get in touch with us today.
With the UAE expected to attract over 4,500 millionaires in 2023, Dubai's luxury real estate market is booming. Dubai has evolved into a playground for vis..
