Ann Susan Paul | 10 September 2020
Explore some of the richest neighbourhoods in Dubai where the wealthy from around the world rent and own. Moreover, these marvellous dwelling places are ornated with opulence and luxury.
What once used to be a small fishing port is not one of the most visited global destinations. Dubai, a land of riches and flamboyance, is home to some of the most luxurious activities attracting the rich from around the world. But that is not all. This emirate is also home to many high-net-worth individuals, rich businesspersons, and luxury-lovers.
So, where do they live? This article takes you through the richest neighbourhoods in Dubai where the wealthy people like to rent.
“Think of Downtown as the capital of Dubai,” says our community expert Chetan Shroff.
Read what our community expert has to say about Downtown Dubai here.
The average annual rent price in August for a 7-bedroom luxury apartment in Downtown Dubai was AED70 million, according to Property Finder. Home to the world’s tallest building Burj Khalifa and the world’s largest mall The Dubai Mall, Downtown Dubai is the pride of this glamourous city. It is also home to the entertainment destination of the city – Dubai Opera.
Lying at the heart of the city, Downtown Dubai is situated next to Sheikh Zayed Road. It has one main metro station – Burj Khalifa/Dubai Mall Metro Station. The community also has several nurseries, professional institutions, medical clinics, and supermarket. These amenities make it an apt choice for wealthy families.
Downtown Dubai is a mixed-use community that has low-rise and high-rise buildings. Apartment buildings dominate the residential part of this luxury community. Meanwhile, high-end luxury villas and penthouses are also available.
The community is mainly development by Emaar. Some of the high-end buildings where the rich like to rent are with fantastic views of Burj Khalifa and The Dubai Fountain. Burj Vista, South Ridge, and 118 Downtown are some of the luxury buildings.
This luxury 4-bedroom penthouse with stunning views of the enormous Burj Khalif is now available for rent.
Contact our agent Spencer Wills for more details.
Meanwhile, check out some of our listings in Downtown Dubai here.
Part of the Emirates Living communities by Emaar, The Views is one of the richest neighbourhoods in Dubai.
The average annual rent price for a 6-bedroom luxury villa in The Views was AED7.4 million in August, according to Property Finder. Located near Dubai Internet City and Media City, this expensive neighbourhood boasts of some of the best amenities in Dubai.
The Views is located near Sheikh Zayed Road. It lies between Dubai Internet City Metro Station and Nakheel Metro Station. Regent Internal School and American University in Dubai are located close to this community.
Apartments dominate the community, while luxury villas and townhouses are also available. Golf Villas, Panorama, and The Fairways West are some of the most popular buildings in this community.
This 2-bedroom luxury apartment at The Fairways North in The Views is now available for rent.
Contact our agent Remon Alec Haddad for more details.
Check out some of our best listings in the Emirates Living community here.
Dubai International Financial Centre (DIFC)
DIFC is considered the financial capital of Dubai and called the “gateway to growth”. It is home to some of the biggest financial corporates in the world.
The average annual rent price for a high-end 5-bedroom apartment in DIFC was AED500,000 in August, according to Property Finder. Located near Downtown Dubai, DIFC has a long array of gourmet restaurants and luxury brands.
DIFC is situated next to Sheikh Zayed Road. Moreover, it has two metro stations – Financial Centre Metro Station and Emirates Towers Metro Station.
Recently, DIFC announced the expansion of the application criteria for its Prescribed Companies regime. As a result, more global brands and organisations are expected to be coming to this global financial hub in a few years.
Additionally, the community hosts some of the best educational institutions in the city. Canadian University Dubai, Westford School of Management, and London Business School are some of them. Hence, it is a perfect community for management and financial professionals.
Many apartments, duplexes, and penthouses are available to rent in DIFC. The Index Tower, Central Park Residential Tower, and Limestone House are the most popular buildings in the community.
This spacious 3-bedroom apartment at Burj Daman in DIFC is now for rent.
Contact our agent Michael Bell for more details.
“Almost everything,” that’s how our community expert Nima Safa explains Dubai Marina, one of the most in-demand richest communities in Dubai.
Read what our community expert has to say about Dubai Marina here.
The average annual rent price of a 5-bedroom luxury villa at Dubai Marina was AED392,000 in August, according to Property Finder. This beautiful waterfront community is one of the most sought-after destinations for tourists in Dubai. Yet, only 30% of the buildings in the community are hotels; 70% of them are residential buildings.
Located along Sheikh Zayed Road, this community also has two metro station – Damac Properties Metro Station and DMCC Metro Station. Soon, this community will be home to the world’s tallest hotel Ciel by The First Group, who have already the property’s foundation stone.
With easy access to the Marina Beach, Dubai Marina has high-end apartments and luxury villas for rent. Le Reve, Marina Gate, and The Jewels are some of the most opulent buildings in the community.
This 5-bedroom apartment with huge terrace and stunning views is not available for rent.
Contact our agent Keisha Brass for more details.
Check out some of our best listings in Dubai Marina here.
Palm Jumeirah Island
Considered the eighth wonder of the world, Palm Jumeirah is the largest manmade island, built in the shape of a palm. Moreover, it has stunning views of the Arabian Gulf. Additionally, every house here has a private beach.
The average annual rent price of a 6-bedroom luxury apartment in this community was AED440,000 in August. The community has direct access from Dubai Media City and Dubai Knowledge Park. It is also located near Dubai Marina and Emaar Beachfront.
The nearest metro stations are Nakheel Metro Station and Dubai Internet City Metro Station. The island is connected directly to Sheikh Zayed Road by two bridges. Recently, it was listed among top areas in reselling apartments in Dubai.
Its proximity to Dubai Knowledge Park makes the community a favourite among top management executives. Signature Villas, Oceana Atlantic, and FIVE are some of the most preferred projects in this luxury destination.
This 6-bedroom luxury penthouse with stunning views of the Arabian Gulf is now available for rent.
Contact our agent Petro Stytsenko for more details.
Investing in the Richest Neighbourhoods in Dubai
Dubai is not just a glamorous city where luxury-loving tourists flock to enjoy thrilling desert safaris and enjoy indoor skiing activities. It is also where the ultra-rich invest their money in real estate to earn higher returns.
With some of the richest neighbourhoods in Dubai located in the city’s freehold areas, we have seen a consistent increase in demand from around the world. Hence, our team of experts with in-depth knowledge about the luxury real estate industry in Dubai have been catering to the rich and wealthy from around the world since 2015.
Are you planning an investment, or just want to own a property in any of the richest neighbourhoods in Dubai? If so, our agents can provide you with the right advice in line with your financial goals.