Dubai's top 10 prime residential spots

Dubai's top 10 prime residential spotsImage Credit: Supplied

Despite the global political turmoil caused by Brexit and other geopolitical events, Dubai's prime residential market remains stable in the second quarter of the year reflected by a modest 0.03 per cent growth, according to data from Reidin and analysis by Luxhabitat. Dubai Marina remained top performing prime community in Q2.

Prime residential properties are those on the high end of the Dubai residential market. ''I am delighted and not at all surprised to see prime market sales volume up by 0.03 per cent,'' says Jason Hayes, Head of New Developments at Luxhabitat. ''This figure may not be seen as staggering growth but it demonstrates stability in Dubai's prime market.''

Downtown Dubai

What makes it prime: Main projects include the Burj Khalifa, Burj Khalifa Boulevard, The Residences, South Ridge, The Old Town and The Old Town Island. Downtown is fast becoming one of the world's most coveted addresses. It not only offers a host of accommodation choices but also is home to a plethora of fine dining and retail options.

A lot of new developments are coming up in this area, including Act One|Act Two by Emaar and the Opera District. They offer unique opportunities, from five-star, fully serviced hotel apartments at The Address Boulevard to opulent grand residences in the heart of the IL Primo at the Opera District.

Information courtesy: Jason Hayes, Head of New Developments

Emirates Hills

What makes it prime: A gated community adjacent to the Montgomerie golf course, Emirates Hills is Emaar's only project where land was sold on a per square-foot basis to individuals to build houses of their choice. Once all the plots were sold, it became the most exclusive neighbourhood in Dubai, eclipsing Jumeirah, another prime neighbourhood.

Information courtesy: Tugba Dogan, Emirates Hills Luxury Sales Specialist

Arabian Ranches

What makes it prime: It's about creating a home in the heart of the desert, away from the stress of city life. The homes are surrounded by landscaped gardens, with the finest equestrian and golfing facilities in proximity. Only a few minutes from the downtown, it's located at the juncture of three key ring roads leading to Abu Dhabi, Al Ain and Dubai.

Over Q2, volume of transactions rose by 30 per cent.

Information courtesy: Luke Jones, Luxury Sales Director

Jumeirah Beach Residences

What makes it prime: Offering a year-round beach resort lifestyle, JBR, built at a cost of Dh6 billion, caters to a community of more than 25,000 residents. It's the only area besides Downtown that offers lofts and penthouses.

Information courtesy: Daniel Garofoli, Jumeirah Beach Residences Luxury Sales Specialist

Dubai Marina

What makes it prime: An urban centre, comparable to the most exclusive waterfront developments in the world's leading cities, Dubai Marina is about 3.5km long with 11km of marine frontage, strewn with cafés, restaurants and retail outlets. Its location on Shaikh Zayed Road makes it close to business and commercial centres and it is a short drive from most of Dubai's hotspots and tourist attractions. The marina also has the largest number of record-breaking towers and penthouses in Dubai. In Q2 of 2016, it had the highest volume of transactions with more than 356 properties sold.

Information courtesy: Brigitte Tenbergen, Dubai Marina Luxury Sales Specialist

Palm Jumeirah

What makes it prime: Truly international beachfront community, this is the only completely developed place in Dubai where expats can buy properties. Wonderful facilities, top-notch security, unique restaurants and beach clubs of five-star hotels on the crescent make it a great place to live in. It's the only community that offers seafront living for both villas and apartments. It had the third-highest number of transactions in the second quarter.

Information courtesy: Anne Ogilvie, Palm Jumeirah Villas Luxury Sales Specialist

Victory Heights

What makes it prime: This highly sought-after private golf course community features 961 beautifully designed luxury villas and town houses, set in and around the Ernie Els Design golf course. The David Lloyd Next Generation Club and Tennis Academy as well as the Butch Harmon School of Golf are also on the doorstep.

Information courtesy: Luke Jones, Luxury Sales Director

Springs and Meadows

What makes it prime: The Meadows features parks, lakes and landscaped areas, with shops, schools, health care and petrol station at a stone's throw away.

Although at a lower price point than the Meadows and the Lakes, the Springs also benefits from lush greenery and the lake. It is close to Knowledge Village, Dubai Marina, JBR, Dubai Media City and Dubai Internet City, making it accessible for families. Both properties are developed by Emaar, known for its community management.

Information courtesy: Sally Ann Ghai, Emirates Living Luxury Sales Specialist

DIFC and Jumeirah

What makes it prime: With only 30 per cent of DIFC dedicated to residential, it commands one of the highest values per square foot within Dubai along with high rental yields.

An extremely coveted area in terms of both GCC purchases and rentals, Jumeirah has large detached properties and modest town houses built in a variety of architectural styles and is popular with expatriates working in the emirate.

''This quarter, according to Reidin, there were no residential sales in Jumeirah,'' says Alexander Von Sayn-Wittgenstein, Luxury Sales Director at Luxhabitat. ''Though DIFC is a prime area, it operates under a separate jurisdiction and the land department does not have a record of residential transactions in that area.''

Additional input: Lisa Murphy, Downtown & DIFC Luxury Sales Specialist and Sam El Obeid, Jumeirah Luxury Sales Specialist

Jumeirah Islands

What makes it prime: This is a development of villas within man-made islands spread across an area of 300 hectares. These islands are separated into 46 clusters, with each cluster comprising 16 individually styled villas. They all sit surrounded by artificial lakes, which form an integral part of the Jumeirah Islands community. This has a land-to-water ratio of around two to one, which is believed to be the highest in the world.

Information courtesy: Sally Ann Ghai, Emirates Living Luxury Sales Specialist

The Lakes

What makes it prime: Villas situated between the Montgomerie golf course and Emirates Golf Course and a lively community around The Lakes Club, with a range of activities.

Information courtesy: Sally Ann Ghai, Emirates Living Luxury Sales Specialist

Get a glimpse of living in prime area named Jumeirah

Source: Property Weekly Special ReportPW

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