The Dubai luxury real estate market continues to attract global investors, with Palm Jumeirah and Dubai Hills Estate emerging as two of the most sought-after locations. A budget of $1 million can offers diverse options to investors in these premium areas.
Palm Jumeirah, is one of Dubai’s most exclusive addresses with several luxury mansions and apartments for sale. With $1 million buyers can typically secure a one-bedroom apartment ranging from 800 to 1,000 square feet. These properties often offer sea views and access to private beaches, listed at premium prices due to location, demand and availability.
On the other hand, Dubai Hills Estate, a relatively newer development, offers more space within the same budget. With $1 million, investors can expect a range of offerings including a three-bedroom villa spanning approximately 2,500 to 3,000 square feet. The properties usually include private gardens and are part of a master-community with extensive green spaces and lifestyle amenities.
With a budget of $1 million, here is what you can get in Palm Jumeirah and Dubai Hills Estate:
Marina Residences 6
Price: AED3,600,000 ($980,127)
Location: Palm Jumeirah
Features:
- Two bedrooms, one bathroom
- 2,041 sq. ft.
- Large extended terrace
- Direct access to Nakheel Mall
- Walking distance to West Beach
- Marina view
Park Heights 2
Price: AED3,650,000 ($993,740)
Location: Dubai Hills Estate
Features:
- Three bedrooms, three bathrooms
- 1,611 sq. ft.
- Two balconies
- High floor
- Built-in storage
- Ensuite rooms
Azizi Mina
Price: AED3,667,000 ($998,369)
Location: Palm Jumeirah
Features:
- One bedroom, two bathrooms
- 1,049 sq. ft.
- Resort style amenities
- Open plan kitchen
- State-of-the-art fitness center, swimming pool
- Communal spaces
Mulberry 1
Price: AED3,200,000 ($871,224)
Location: Dubai Hills Estate
Features:
- Two bedrooms, three bathrooms
- 1,568 sq. ft.
- Walking distance to Dubai Hills Mall
- Direct access to the Dubai Hills Park
- 24/7 Security
- Large balcony
Serenia Residences
Price: AED3,600,000 ($980,127)
Location: Palm Jumeirah
Features:
- One bedroom, two bathrooms
- 1,040 sq. ft.
- Ensuite and powder room
- BBQ and entertainment area
- Tennis court
- Bespoke concierge services
Dubai’s evolving luxury real estate market
Investors in Palm Jumeirah properties have historically enjoyed strong capital appreciation, with values over the past five years. Dubai Hills Estate, being a newer development, has shown promising growth potential, with property values rising.
Earlier this year, Arabian Business reported that Palm Jumeirah has become the top choice for investors looking to invest in luxury real estate. According to a recent industry report, the neighbourhood accounted for 38.5 percent of all homes that sold for more than $10 million and 39.2 percent for properties valued at more than $25 million.
The choice between these two premium locations often comes down to lifestyle preferences. Experts suggest a careful evaluation of individual buyer needs, preferences, investment potential and lifestyle choices.
As the city’s real estate market continues to evolve, both Palm Jumeirah and Dubai Hills Estate remain attractive options for different segments of luxury property buyers.
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