Once upon a time, the penthouse was not a luxury dwelling with a large area. It was a technical room, an annex to the attic, which was located on the top floors of skyscrapers and multi-story houses.
Back then, luxury housing was out of the question. But time passed and in the 20s in the U.S. there was a trend of building mansions on the roofs of houses. Mostly it was done by wealthy enough people who hosted parties and social gatherings there. After that, penthouses became an integral part of our lives. Now, this type of housing is popular with connoisseurs of premium real estate and is especially relevant to those who value spacious rooms, privacy, and a gorgeous view from the windows, because often such objects are located on the top floors of buildings. And where to enjoy the stunning views as not in the UAE?
The thought of buying a penthouse in Dubai, for a reason seems so tempting. Tasty food, sea, top service, pleasant real estate prices, favorable conditions for investment – all this is just a part of the pluses that this emirate has to offer. Ready to get them?
What is the peculiarity of penthouses?
The most important “feature” of penthouses is that you get two floors at your disposal, which automatically increases the number of rooms, and therefore the amount of light that will penetrate into the room. Panoramic windows, beautiful views (thanks to the last floor), a large area, high ceilings, a private terrace on the roof, and the absence of neighbors – these are all elements that make this type of housing so desirable for many people. And at the same time buying a penthouse in the UAE in fact, means adding to all the above advantages a unique design of any apartment and comfortable living conditions.
There are other things to consider when buying a penthouse:
- Neighborhood. Think about what is a priority for you – a walk on the waterfront or the ability to quickly get to a meeting with business partners. In the former case, Dubai Marina, Jumeirah Beach Residence will suit you, and in the latter, Downtown Dubai, Business Bay.
- Views. Since this is a type of housing, make sure that the windows overlook the iconic locations because to have a penthouse in Dubai and wake up without watching the sun illuminate the waves of the Persian Gulf is a crime.
- Layout. Despite a large number of rooms, you want the space to be used wisely. You may not need three walk-in closets, so choose the best options in terms of amenities. When you go to a real estate agency in the UAE, specify the exact wishes on the number of rooms, etc.
- Terrace. Ideally, it should connect both the recreation area with a Jacuzzi and a mini garden. If you are buying a penthouse in the UAE, you should agree that you cannot do without a luxurious terrace.
Is it profitable to buy a penthouse in Dubai?
When buying any property, a person is primarily guided by two factors – he wants his apartment or house to be a place that he would not want to leave and where he can live happily with his family for a long time. Or he wants the property to be profitable from an investment point of view and it can be rented or resold. Accordingly, you, as a buyer, will also consider the profitability of buying a penthouse in Dubai, assessing all possible prospects. The average rate of return in the UAE ranges from 7 to 9%, so it is safe to say that the highest return on investment is in real estate here.
According to statistics, the Dubai Marina, Palm Jumeirah, and Downtown Dubai are the most profitable areas in terms of investment. In the latter, for example, there is a giant Dubai Mall and the famous Burj Khalifa tower, so it is quite a promising option for investing money. And imagine how much profit the sale of penthouses in Dubai / UAE is in one of these areas!
By the way, if you are interested in the resale of real estate, the UAE is ideal for this also because here you can do everything in the shortest possible time. You, as an investor, do not even need to have a certificate of ownership in order to sell real estate. A document confirming the purchase of the property and a certificate from the developer’s registration database is enough.
No difficulties with how to buy a penthouse in Dubai, you will not have. The process of buying is clear and transparent. In addition, our agency The Capital Dubai is ready to take all the trouble and accompany you at every stage of the transaction. We will provide full legal support and find you the best penthouses in Dubai / UAE which will become your ideal dream residence or help you open a new path to investment and profit.