Setting a new record after a short interval, Dubai luxury penthouses are in the news for shaking and transforming Dubai luxury real estate. Dubai is a city of vibrant lifestyle that is led by extravagant real estate offerings. The remarkable city of Dubai in the United Arab Emirates also remains in the news due to the elegant and exclusive penthouses that are exquisite in various aspects. Luxury penthouses in Dubai are complemented with features that are restricted to them. But what are those features that are making Dubai penthouses extremely breathe taking and famous among foreign investors? Let’s dive into the insights to know more about the luxury penthouses of Dubai.
Top Reasons Luxury Penthouses are Famous among Non-local Investors
There are various reasons why Dubai penthouses are becoming famous among foreign investors and being an expert in this let’s start with why is that.
Freehold Property Ownership – Offering Loads of Benefits
The major feature of the luxury penthouse in Dubai that is fascinating to foreign investors is the freehold property ownership right. Yes, you read that right, as in the year 2002 Dubai government passed the regulation for foreign investors to own freehold property in Dubai. This directly influenced the Dubai market and made it wide open for foreign investors.
With this regulation being invoked, this offers ownership rights primarily. Besides, foreign investors are also eligible to avail long-term investment and rental opportunities, and a chance to extend their investment portfolio.
Diverse Choices Available in Property – Choose what suits you!
For the luxury penthouse to appeal to the buyer is easy if it possesses the feature offering elite life to the buyers. Almost every luxury penthouse in Dubai fulfils this criterion due to which buyers are directing their attention towards luxury penthouses.
One small piece of evidence of how luxurious the Dubai penthouses are and how much they are worth, according to a reputable source of Arabian business one of the Dubai Como Residence penthouses sold for a record-breaking $136.3M. This staggering price has made a new record and also made this property one of the most valuable properties ever sold locally in Dubai.
You can also look out for the best possible luxury penthouse in Dubai from credible sources to make the prompt decision to buy.
Buyer-Friendly Tax Policies – Get High Rewards!
Another feature that makes Dubai penthouses stand out in the market is favourable tax policies. This is considered one of the biggest reasons non-local investors are interested in exclusive penthouses in Dubai. The image of Dubai currently represented is the low-tax and safest destination for lucrative investment opportunities.
Foreign investors can easily invest in the penthouse of Dubai without worrying about taxes. This is because the property, income and other capital gain all are tax-free in Dubai.
Strategic Location – Attractive Destination for the Buyers!
The land of Dubai is located strategically, and is the major travel and commercial hub in the world, with penthouses located in exclusive places. This makes Dubai an attractive destination for foreign investors.
One of the various luxury Dubai penthouses that are located at the exclusive location and offer stunning views is Kempinski The Boulevard duplex penthouse which made record-breaking sales for the amount AED 80 million.
This exclusive penthouse has a built area of 7,466 sq. ft. which offers breathtaking views of Burj Khalifa as highlighted by Gulf News.
Affordable Cost – Easy for Foreign Investors
The competitive market of Dubai enables the developers to offer the property at lower prices. This helps foreign investors to buy luxury penthouses in Dubai at affordable cost. If you are looking for a small apartment studio or an elegant villa, Dubai is the best place that offers all.
You can also check out the pricing from the trustable Dubai Penthouses real estate agency website which will give you complete information about the property.
State-of-the-Art Infrastructure – Stunning interior and Exclusive exteriors
The outclass infrastructure of the Dubai luxury penthouses also makes them the start of the eye for foreign investors. This is because they want a property that will satisfy their elite living preferences.
Further, the bustling metropolis of Dubai and the lavish penthouses completely satisfy this demand of foreign investors attracting them. Dubai luxury penthouse property offers abundant commercial and residential properties.
Upscale Living – Experience the Elite Living
Another feature of the Dubai luxury penthouse that makes it famous among foreign investors is the elevated lifestyle it offers. Unparalleled lifestyle and accessibility to some of the best facilities and key region makes the penthouses stand out in Dubai, appealing the investors outside of Dubai.
Conclusion
Various reasons make luxury penthouses in Dubai attractive to non-local investors. The real estate regulations and the exclusive lifestyle the penthouse offers make Dubai the best destination for buyers to invest. Get all the information on Penthouses in Dubai from exclusive sources that provide detailed property insights.
