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Buy Penthouse in Dubai
Dubai holds a special position in the global economy. Dubai penthouses are recognized as one of the attractive options in the global real estate market. By investing in purchasing a penthouse in Dubai, you achieve two main goals: high profitability and obtaining residency.
An overview of the conditions for purchasing a penthouse in Dubai:
Why is buying a penthouse in Dubai a good choice?
Increased profitability
The rate of return on investment increases with the purchase of a penthouse!
A secure investment
Opening a secure joint account between the UAE government and the developer for investment through purchasing a penthouse.
No need to pay taxes
In Dubai, there is no requirement to pay personal income tax.
Obtaining UAE residency
Obtaining a 2 to 10-year residency is possible by purchasing a penthouse worth at least 1070 thousand dirhams.
Become a penthouse owner in Dubai without paying commissions and taxes! Just fill out the following form:
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Today, Dubai has etched its name in the minds of people worldwide as a city with stunning buildings and unique, towering skyscrapers. The UAE has succeeded in making many foreigners eager to invest in the country, particularly through the purchase of property in Dubai. Generally, there are various options such as villas, apartments, and more for residence and investment in this city. For those who favor living in a luxurious and opulent location, buying a penthouse in Dubai is an excellent choice.
It might interest you that Dubai, with its tall and dazzling buildings and skyscrapers, has reached the third place in the list of the tallest skyscrapers, after Hong Kong and New York. For this reason, living in these units holds a high status among luxury enthusiasts today. This article from Newway comprehensively reviews all aspects, conditions, prices, and important recommendations regarding the purchase of the best penthouses in Dubai.
For free consultation on buying property in Dubai, please complete the form.
- Why is buying a penthouse in Dubai a good choice?
- Price of Penthouses in Dubai
- Introduction to Penthouses in Dubai
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Amenities of Penthouses in Dubai
- 1- Panoramic and Sweeping Views of the Entire City
- 2- Exclusive Terrace and Rooftop Garden of Dubai Penthouses
- 3- Swimming Pools and State-of-the-Art Fitness Facilities
- 4- The Most Stylish Interior Design
- 5- High Security for Penthouse Residents in Dubai
- 6- The Best Amenities in Dubai Penthouses
- 7- Excellent Location
- 8- Proximity to Business Centers
- Investment through Purchasing a Penthouse in Dubai
- Foreign Investors' Attention to Dubai Real Estate
- Summary of Buying a Penthouse in Dubai
- Why choose Newway to buy a penthouse in Dubai?
- Contact Information
- Free consultation form
Price of Penthouses in Dubai
If we compare the price of penthouses in Dubai with other international cities, we would say that the cost of purchasing one is lower compared to many major and commercial cities around the world. Generally, the price of penthouses in Dubai depends on various factors such as the location of the unit, amenities, size, number of rooms, whether the unit is furnished, the view from the tower, and more.
Buildings and towers with more attractive views are popular and are usually sold at higher prices compared to other structures. A beautiful view of a building is considered one of the main options for those with particular tastes.
Another important factor determining the price of penthouses in Dubai is the amenities of the unit, such as heating and cooling systems, security, storage, smart home systems, parking, and more. The level of access to these amenities is another factor that significantly impacts prices and cannot be overlooked!
In general, the price of penthouses in Dubai can range from 4 million dirhams to over 50 million UAE dirhams (AED), depending on the factors mentioned. For example, penthouses in the Burj Khalifa and Dubai Marina, which have unique locations and better amenities, are priced higher. Additionally, the age of the building, anti-theft, and anti-earthquake systems are also parameters affecting the price.
Introduction to Penthouses in Dubai
A unit located at the top of a tower or a tall structure is referred to as a penthouse. This term is an English phrase that translates to attic house in Persian. The name attic house originated because, in the past, painters and artists who could not afford conventional homes lived in attic rooms, which is why over time these houses came to be known as attic houses or penthouses.
Over time, the wealthy class of society showed interest in living in these units, and today the most expensive penthouses in Dubai are highly sought after by affluent individuals. In recent decades, the rulers of this city have transformed it from a desert region into a modern metropolis, making real estate transactions such as buying villas in Dubai very popular. Nowadays, with increased amenities, stylish and luxurious design, and the comfort of residents, buying a penthouse in Dubai has gained immense popularity.
Amenities of Penthouses in Dubai
Living in a penthouse is ideal for those who prefer residency in Dubai with property purchase in a location away from the city's hustle and bustle. Unlike standard apartment units, these properties are free from street noise. Notable features of a luxury penthouse in Dubai include panoramic city views, smart control of cooling, heating, access through a mobile phone, fire protection systems, and more. Detailed explanations of these amenities are provided below.
1- Panoramic and Sweeping Views of the Entire City
Buying a penthouse in Dubai offers you the opportunity to enjoy panoramic or sweeping views of the city's beautiful landscapes. With this view, you can observe a broader perspective of the entire city compared to standard units. These stunning views are fully visible through the terrace, balcony, and large windows of the penthouse.
2- Exclusive Terrace and Rooftop Garden of Dubai Penthouses
Most luxury homes in Dubai feature large terraces and private open spaces. These areas are typically ideal for leisure activities, hosting parties, and outdoor events. As mentioned, a penthouse refers to the top floor of an apartment or tall structure. If you're interested in learning more about the other units in the building, you can refer to the comprehensive article on our site regarding buying apartments in Dubai.
For free consultation on buying property in Dubai, please complete the form.
3- Swimming Pools and State-of-the-Art Fitness Facilities
Many penthouses in the UAE feature private swimming pools, fitness centers, steam and dry saunas, jacuzzis, and other luxurious recreational and sports amenities. The fitness centers in these units are typically equipped with the latest lighting and air conditioning systems. Additional amenities in the fitness centers of these units may include massage rooms, billiard rooms, Turkish baths, and more.
4- The Most Stylish Interior Design
The interior design of each section of these units is created and equipped using the highest quality and most modern methods available. The use of premium materials such as tiles and marble, high ceilings, stunning lighting systems, and beautiful decor enhances the living experience, providing a very pleasant atmosphere for its residents.
5- High Security for Penthouse Residents in Dubai
These units are typically located in the best areas of the city and offer very high levels of security. For example, most Dubai Marina penthouses feature private parking for residents, enhancing security in this regard. To further increase security and protection for residents, advanced security systems such as CCTV cameras and 24-hour surveillance are employed.
6- The Best Amenities in Dubai Penthouses
Most penthouses in the UAE offer top-notch amenities such as restaurants, shops, supermarkets, beauty salons, and more for residents. These benefits are part of the unique features and facilities of these types of units.
7- Excellent Location
These units are typically located in the best areas of the city. For example, the Dubai Marina penthouses are among the most expensive. This area is one of the most popular and luxurious neighborhoods in the city, making buying property in Dubai Marina highly sought after by luxury enthusiasts. The advantages of this prime location include quick and easy access to amenities such as restaurants, shops, cinemas, shopping centers, banks, and other urban facilities.
8- Proximity to Business Centers
Dubai, as a leading and prominent commercial city globally, hosts many international companies and organizations every year. Staying in these units, which are usually located close to these business centers, is a significant advantage for businesspeople and entrepreneurs.
Recommended Article: Buying a Townhouse in Dubai
Investment through Purchasing a Penthouse in Dubai
According to UAE real estate news, property transactions, including buying a penthouse in Dubai, reached an economic milestone in 2022, breaking records from recent decades! The value of these transactions increased by 76.5 percent compared to the previous year, reaching 143.86 billion USD (528 billion dirhams).
This is the first time in the history of the UAE that the value of real estate transactions has surpassed 500 billion dirhams. As a result, investment in Dubai has garnered significant interest from foreign investors. This notable event, occurring exactly one year after the end of the COVID-19 pandemic, highlights the upward growth of the city's real estate industry in the coming years.
According to real estate experts, this growth has led to increased demand for buying penthouses in Dubai. From apartments to townhouses and villas, it is expected that the demand for purchases in 2023 will surpass pre-pandemic levels.
Foreign Investors' Attention to Dubai Real Estate
Factors that have made this city a popular investment destination include ease of doing business, access to global airlines with the largest Middle Eastern carrier, high quality of life, economic prosperity, strategic geographic location, and favorable investment policies in the UAE such as the income tax exemption law. UAE officials have designed their country's laws and regulations to facilitate foreign traders' entry into the Dubai real estate market.
Frequently Asked Questions
The price of buying a penthouse in the Burj Khalifa depends on its size and features, ranging approximately from 9.2 million dirhams to over 110 million dirhams.
No, Dubai allows foreign nationals to purchase property in designated areas without any restrictions.
This process may take up to 7 days.
Summary of Buying a Penthouse in Dubai
The growing trend in property transactions in this city reflects the dynamic and robust economy of the UAE. Economic experts predict that property prices will increase in the coming years due to rising demand. Therefore, now is a great time to buy a penthouse in Dubai.
Statistics also show that investing in the UAE real estate sector offers many attractions for foreign investors! This is because people worldwide prefer to live in a city with high security, comfort, and no common taxes!
Why choose Newway to buy a penthouse in Dubai?
Obtaining 3 gold medals from (DLD)
Receiving 3 consecutive Gold Medals from the Dubai Land Department, which shows secure and reliable property transactions at Newway.
19 years of experience
Newway, with 19 years of experience in the Dubai real estate market, holds high credibility with developers and governmental institutions in the UAE.
From shopping to accommodation
Newway's real estate consultants will support you from recommending the best property options to guiding you through the residency process
Exclusive Offers from Developers
With 19 years of credit in the Dubai real estate market, Newway can get good special discounts from developers for its clients!