Apartments overlooking Dubai's most prestigious landmarks such as the Burj Khalifa, the Dubai Fountains and the spectacular Dubai skyline are selling for as much as 45 per cent more than those without, property broker Cluttons revealed today.
Flats in Downtown Dubai with spectacular views of the Burj or overlooking the Dubai Fountain have been selling for around Dh3,600 per square foot, Cluttons researchers found. However, those without more prosaic views in the area go for around Dh2,500 per square foot.
Similarly on the trunk of the Palm Jumeirah, flats facing east with views of the sea, the Burj Al Arab, Sheikh Zayed Road and the Downtown Dubai skyline are selling for as much as Dh2,100 per square foot. Yet flats in similar locations without such a view are selling for Dh1,450 per square foot.
In Dubai Marina Cluttons said that flats on the higher storeys of towers with views of the Marina skyline sold for Dh2,600 per square foot – 30 per cent more than those on the lower floors or without the skyline view which sold for an average of Dh2,000 per square foot.
Even in the low rise villa community of Arabian Ranches, Cluttons found that views of the green came at a premium with homes with a direct view onto the golf course selling for an average of Dh1,650 per square foot, 22 per cent more than those without a view of the course which sold for an average of Dh1,350 per square foot.
“A ‘view’ is very subjective, especially in a place like Dubai, however even in our skyscraper filled city scape, a ‘good view’ comes at a price,” said Faisal Durrani, an associate for residential and international Research at Cluttons.
lbarnard@thenational.ae
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The specs
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Our Time Has Come
Alyssa Ayres, Oxford University Press
Essentials
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
About RuPay
A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank
RuPay process payments between banks and merchants for purchases made with credit or debit cards
It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.
In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments
The name blends two words rupee and payment
Some advantages of the network include lower processing fees and transaction costs
