Dubai is considered one of the fastest developing cities in the world as it attracts not only tourists and working professionals but also individuals looking for residential and commercial units to invest in. It is also important to understand that the emirate offers some of the best indicators for ROI in residential apartments, at a stable level from 5% to 8% per annum.
In addition, depending on the size or value of the investment, international buyers can obtain investor visas for a period of 3, 5 or 10 years. All of these types of visas include the possibility of family sponsorship and can be extended countless times.
Living in a luxurious penthouse is the quintessential dream of any wealthy buyer who lives in the city, as well as a symbol of high status. When considering buying a penthouse in Dubai, it is worth remembering that this type of property has some key differences from the classic apartment.
First of all, all penthouses are located on the highest floors of the complex, which offers unparalleled views of the stunning city. In addition, they guarantee privacy and seclusion as you are above everything else. In Dubai, it is very common to find complexes where one or two residences are located on one floor, which have a large living area, private elevator, private terraces and spacious balconies, as well as swimming pools, designer interior finishes, exclusive furniture and other luxurious elements. Based on the above, this type of property is much more expensive than the rest of the property market.
If you are one of those who value your space, privacy and luxury, and do not want to compromise on the convenience of apartment life, then investing in a penthouse could be one of the best decisions you will make. In addition, while demand for luxury real estate in Dubai has been steadily increasing over the past couple of years, prices for penthouses have been rising a little slower than for villas and townhouses. This makes penthouses a smart investment, long term.
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