More than 100 galleries and 400 artists from 40 countries are participating in this year’s fair at Madinat Jumeirah, in an art market soaring like the city-state’s skyline.
Indeed, it’s not just the art market that’s on fire. The Dubai luxury property market, which allows foreign investors, is enjoying a post-lockdown boom with more buyers than sellers—for the moment.
“Golden Visa reforms and a tax-free* lifestyle have enticed significant new investment from places like Eastern Europe, India, the U.K., and Canada,” said Jackie Johns, managing partner of Christie’s International Real Estate Dubai.
“This sustained demand is outstripping supply, but developers are introducing scores of luxury off-plan projects. Beachfront homes and golf villas are always in vogue, but a post-pandemic trend has been spacious, private areas.”
The market continues to offer high rental yields, suggesting a price jump in elite apartments and villas. “Inflation should not greatly impact Dubai,” Johns said, “and so mid-tier pricing should stabilize soon.”
Thus Christie’s International Real Estate Dubai proffers its portfolio of distinguished properties, highlighting contemporary works of architecture worthy of the connoisseur and the collector.
On the Market
Turnkey Beachfront Retreat at Signature Villas, Palm Jumeirah
The residence occupies nearly a third of an acre along a stretch of golden-sand beachfront overlooking Dubai’s iconic sail-like skyscraper hotel, the Burj Al Arab.
Fully furnished, the home’s imposing foyer leads to spaces with arched doorways, parquet flooring, and a palette of white on cream walls with pale wood trims and accents.
There is an expansive majlis, or drawing room, to receive guests and a massage room to relieve stress. The dining room offers a beach-shack ambience, with a long table that seats 14, and a playful, contemporary lighting scheme. Separate family and breakfast rooms add to an utterly laid-back lifestyle.
An extraordinarily bespoke bridge connects one of the five bedrooms to the foyer. Four balconies blur the line between indoors and out, where the palm-shaded pool terrace adjoins the beach, and sunken seating area provides for barbecue alfresco.
A driver’s room and housekeeper’s quarters complete the amenities.
Newly remodeled, the 5,043-square-foot, open-concept floor plan features vast gallery walls, museum-grade lighting, and integrated, functional art furniture. Natural wood floors and a neutral color palette impart a contemporary Scandinavian aesthetic that continues into both bedrooms and the serene, spa-like bathrooms.
There are two kitchens, including a hidden prep kitchen which connects to the private staff quarters. Residents may also choose organically sourced, chef-prepared meals from The Club.
Unrivaled in Dubai, this multizone facility occupying Volante’s fourth floor includes a lounge, coffee bar, cinema, day spa, Technogym fitness center, hair salon, conference room, and landscaped garden with a sunken fire pit, sun terrace, and 25-meter infinity pool.
One of its finest units is this sky-high duplex penthouse encompassing 6,105-square feet of airy, open living space.
The floor plan includes four bedrooms, five bathrooms, a dining room, fully equipped kitchen, and two balconies to take in the bird’s-eye views of Burj Al Arab, the Palm Jumeirah, Dubai Marina, and the Arabian Sea.
Emaar Palace Beach Residence offers a sophisticated beachfront lifestyle against the backdrop of the dazzling skyline and Dubai Marina.
A range of five-star amenities include 24-hour security, concierge, maintenance, intuitive valet parking, and a health club with spa services and a swimming pool.
The 5,500-square-foot custom-built residence exudes barefoot luxury with its brilliant blue infinity pool, sunken seating area, and wooden deck facing the sand.
The interiors feature spacious reception areas with white walls and wood flooring framed by strips of white marble. An up-to-the-minute, contemporary show kitchen with wooden finishes and gleaming countertops supplements the discreet back-of-house kitchen.
There are five bedrooms and seven bathrooms, beautifully lit with artistic light fixtures and an oversized window to capture the views of Dubai Marina and the Ain Dubai observation wheel. Staff quarters and four private parking spaces are further highlights.