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The Most Luxurious Cities to Buy an Apartment

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Published
07/15/2018

Anyone looking to find real estate in a city known for a luxurious lifestyle should be aware of the fact that luxury doesn’t always equate with cost per square metre. If you do a Google search for “the most luxurious cities to buy an apartment,” you will find that Google yields results for those cities with the most expensive real estate. Unfortunately, cost has nothing to do with a luxurious lifestyle, so keep that in mind as you search. In fact, if you are looking to live in the lap of luxury, let’s make your work a bit easier! Let’s compare cost with luxury and you will see that apartments for sale in Dubai are going to top your list. Here’s why.

First a Look at the Most Expensive Cities to Buy an Apartment

As you go down the list of the most expensive real estate in the world, you will see that these cities aren’t always known for a luxurious lifestyle. While they may have wonderful attractions like museums, opera houses, 5-star restaurants, and plenty of night life, the city itself may be crowded, dirty, and highly overpopulated. This is where demand surpasses supply and why the prices are so high.

Having said that, some of the costliest real estate is in cities which can be viewed as luxurious, but not all by any means. Rounding out the top 5 most expensive cities for apartments listed in price per square metre are:

  1. Hong Kong, Hong Kong – £19,981.73
  2. UK, London - £15,325.02
  3. US, New York - £13,048.66
  4. Israel, Tel Aviv - £13,016.78
  5. Japan, Tokyo - £12,389.05
 

Bear in mind that the listed price is for one mere square metre! Now then, let’s look at the city mentioned above as the most luxurious, Dubai, and the cost per square metre is only £4492.00 on an average. Of course, there will be real estate which is much costlier as well as that which may range lower in price. Prices quoted are the median prices and as in any other real estate transaction, there are a number of elements which factor into the price such as location, amenities, and so forth.

A Quick Look at the Most Luxurious Cities

What do you consider to be luxurious living? Most people equate luxury with a lifestyle filled with high-quality, comfortable surroundings. It’s a lifestyle which is relaxed, clean and filled with afternoon cocktails, streets clean enough to walk barefoot, and breath-taking scenery. Most often this lifestyle does come at a hefty price, but not always. As you will notice by the most expensive cities listed above, the apartments may be luxurious in those cities, but the outside world churns with activity not conducive to what most consider luxury! Now for the list of luxurious cities:

  1. Dubai U.A.E.
  2. Paris, France
  3. New York, New York
  4. Tokyo, Japan
  5. Sydney, Australia
 

Perhaps this is what makes Dubai stand out among all the above mentioned cities in terms of luxury and cost per square metre. Not even in the top 10 as far as price goes, Dubai is considered to be a veritable desert oasis. The streets aren’t exactly paved in gold but they sparkle as though they were. At a cost so much lower than Paris, New York, or London, you can have a virtual palace and live the life of royalty. While New York and London can be crowded, noisy, and sometimes a bit dirty, there are areas that are pristine and luxurious. The difference is that the whole of Dubai is noted for those qualities.

Why Dubai Is Held to Be the World’s Most Luxurious City

Just imagine calling for a taxi and when the car arrives it is a Lamborghini. If you wanted to ride in that kind of style in London, you’d need to hire a chauffeured car service. However, that is just the start of what makes Dubai the globe’s most luxurious city to buy an apartment in. Then there is the world’s largest mall in which you can buy bespoke slippers and custom fitted shoes. Of course, to be privileged with membership to the mall you’d have to spend a small fortune each month, but visitors can take advantage of valet parking, porters and an exclusive mall lounge.

In Dubai you can also view the Crown Prince driving one of his six amphibious cars, view one of the world’s most impressive skylines, take cruises in the Arabian Gulf, and even ride a personal helicopter if you don’t have a feel for going by road. Furthermore, on a whim you may wish to book a Platinum Luxury Desert Safari. If you are looking for luxury real estate closer to home, Paris would do nicely and there are some neighbourhoods in London which would serve you well. Even so, weighing up the cost per luxurious amenities in each city, Dubai outranks them all. 

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