Top 15 Richest Places in Dubai

15 Richest Places in Dubai

Al Barsha – Celebrity Hotspot

This is an affluent Dubai neighborhood that has become a celebrity hotspot. Located in western Dubai, the property is surrounded by Sheikh Zayed Road and Sheikh Mohammad Bin Zayed Road. The area is divided into five sub-communities namely, Al Barsha 1, Al Barsha 2, Al Barsha 3, Al Barsha South, and Barsha Heights. Al Barsha is the home of the high-end hotel Burj Al Arab. Additionally, it is also home to many celebrities and socialites. One can easily enjoy the stunning views of the Arabian Gulf. 

Apartments commonly in 1 to 3 BHK configurations are easily available here. Whereas, one can explore the posh villas in 5 to 8 BHK configurations. Due to its locality, the area offers an ROI equal to 7.38%. 

Al Quoz – Financial Hub

Al Quoz is one of the leading financial hubs in Dubai. However, it also offers a series of commercial and residential projects. These projects offer an array of amenities to the residents. The locality is situated between Al Khail Road and Sheikh Zayed Road. Additionally, it is located in close proximity to Business Bay and Safa Park. With its excellent connectivity and strategic location, Al Quoz is an ideal destination for businesses and startups. 

Arabian Ranches – Exclusive Dubai Lifestyle

Arabian Ranches is an exclusive Dubai neighborhood that offers a luxurious lifestyle. This is the first freehold suburban locality of the city and is close to Arabian Ranches Golf Club. The locality is a gated community developed by Emaar Properties. Spread across an area of 1650 acres, the property is home to various stunning villas, lush greenery, and world-class amenities. The property offers several villas and apartments for stylish and serene living. 

Business Bay – Central Business District

Located in the heart of Dubai, Business Bay is also known as the central business of Dubai. The reason being it features an array of commercial, residential, and retail developments. Also, the business bay is home to the world-famous Burj Khalifa, the tallest building in Dubai. The locality is connected to the rest of the city via metro stations and road networks. 

Downtown Dubai – Home of The World’s Tallest Building

Downtown Dubai is the home of the world's tallest building, the Burj Khalifa, Downtown Dubai is one of the city's most iconic neighborhoods and is perfect for those who want to enjoy the vibrant city. The area has numerous high-end hotels, shopping malls like Dubai Mall, and an entertainment venue, Dubai Opera. Downtown Dubai is one of the richest areas in Dubai due to its stunning architecture and world-class facilities.

Dubai Festival City – Entertainment Close to Home

Dubai Festival City is one of the coveted projects of the city due to the wide range of entertainment options like waterfront shopping mall, residential units, and hotels close to it. The area is also perfect to enjoy a range of facilities like golf course, beaches and outdoor activities. The Dubai Festival city is also close the international airport via a network of roads and highways due to which a lot of investment flows in. 

Dubailand – Planned Community

This is a known planned community that offers a range of residential, commercial, and leisure developments. Dubailand is home to numerous theme parks, golf courses, and hotels. Dubailand is designed to provide residents with a comprehensive range of amenities and services. All of these makes it one of the richest and most attractive destinations for families and individuals.

Dubai Marina – Waterfront Towers and Luxury Amenities

Dubai Marina is the home to the country’s most famous urban waterfront views. The area boasts of luxury hotels, and entertainment venues perfect for a serene lifestyle. The area is home to around 200 luxurious apartments with waterfront views. With its numerous shopping and dining options, world-class facilities, and breathtaking views, Dubai Marina is a popular destination for residents and tourists alike.

Dubai Sports City – For Sports Fans Only

Dubai Sports City is a premium residential locality that is famous for its high-end sports facilities, football stadium, and an array of training centers. Additionally, the locality also offers a lot of residential units equipped with modern amenities. You can visit this area to enjoy the tranquil view and opulent world-famous stadiums. This is one of the freehold properties in the city and an ideal destination for sports enthusiasts.

Emirates Hills – Luxurious Gated Villas and Gorgeous Mansions

Emirates Hills is a famous gated community developed by Emaar Properties. The project is inspired by the famous Beverly Hills and is one of the finest freehold properties in Dubai. The area is in close proximity to business districts such as Dubai Marina and Dubai Media City. The villas in Emirates Hills offer ultra-luxurious properties and one can enjoy serene views of the Dubai skyline and Golf Course. Emirates Hills is home to luxurious hotels, and apartments and is closely located to Dubai Marina Metro Station.

Jumeirah Golf Estate – One-of-a-Kind Architecture

Jumeirah Golf Estate is a luxurious residential community popular for its unique architecture and over-the-top lifestyle. It is one of the freehold areas in Dubai that offers a mixed-use of properties. One can choose to invest in residential and commercial projects. The property is located at Mohammed Bin Zayed Road and is home to famous golf courses. One can enjoy the stunning landscapes and 1100 hectares of greenery. The area offers high capital appreciation value with property rates going up at the rate of 6.4%.

Jumeirah Lakes Towers – Top-Notch Medical Care

Jumeirah Lakes Towers is a luxurious residential community located at Sheikh Al Zayed Road. The area is closely connected to the major hotspots in the area. Additionally, it is home to the top hospitals in the city including the Mediclinic Parkview Hospital, Dome MedDental Clinic, and Emirates Hospitals. Additionally, the area offers a lot of freehold properties in multiple configuration catering to different investment goals. Popular beaches like JBR Beach are located in close proximity to the area. The area offers high ROI in the range of 6.23% to  7.34% annually. 

The Greens – Upscale Green Spaces

The Greens are one of the most vibrant residential communities in Dubai. As the name suggests, the area has a lot of green landscapes like numerous parks and gardens, including Central Park and Lake Park. The area offers a peaceful and serene environment to its residents. One can enjoy the stunning views of the Dubai Skyline. The area surrounding the Greens Dubai by Emaar features 40 low-rise residential buildings located across 10 complexes. 

Its high connectivity to First al Khail Street and easy access to Dubai Internet City Metro Station make it great for commutation. The area is a great investment opportunity as it offers a high Return on Investment (ROI) in the range of 6.7 % to 7.8%.

The Palm Jumeirah – World-Famous Artificial Island

The Palm Jumeirah is a world-famous artificial island and one of the coveted landmarks of Dubai. The island gets its name as the island is shaped like a palm tree. The area features numerous high-end residential and commercial developments. Palm Jumeirah boasts of being home to some of Dubai's most luxurious hotels namely, including the Atlantis, The Palm and the Waldorf Astoria Dubai Palm Jumeirah. 

The area is famous for renting apartments in 2 and 3 BHK and offers a high rate of property appreciation usually starting at 21.52%.

Umm Suqeim – Eclectic Opulence

Umm Suqeim is a vibrant coastal community that is home to Dubai’s most luxurious villas and mansions. Burj Al Arab Hotel, one of the renowned hotels of the city is located here. Here, the residents can enjoy the serene view of the Arabian Gulf and the eclectic Dubai skyline. Additionally, the area also features popular  Indian restaurants and shopping malls etc. The area is in close proximity to Dubai’s beaches, Jumeirah Beach and Kite Beach.

The majority of the areas here are freehold so a non-emirati can also explore the properties here. The villas and apartments available here are in 3 to 8 BHK configurations equipped with opulent architecture. 

Dubai Properties Price

Dubai's thriving real estate market has attracted many international buyers, including those from India. With a strong Indian expatriate community in Dubai and affordable pricing, investment has become attractive for Indians Here are the complete details associated with the sale value and rental value of the properties.

Rental Value

Sale Value

Conclusion

Concluding, Dubai is one the cities that have projects and properties catering to everyone’s budget and lifestyle. You can explore a range of properties from midsized apartments to luxurious villas based on your investment goals. The real estate of Dubai is booming and hence this is the perfect time to invest in a property. So, if you are a first-time buyer then you can contact Dubai Housing to get the guidance of a trusted real estate agent and your dream home in this vibrant city.

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