According to studies, a waterfront view can increase the value of a property by over 78%. Even scenic city views and mountain vistas can boost your property’s value.
The view can dramatically impact a property’s appeal and value. The exquisite scenery offered by penthouses and luxury apartments is far more than just visually stunning — it can add major value to the property.
Whether showcasing a city skyline, ocean, or mountain range, unobstructed views translate to dollars and cents. In competitive real estate markets, the difference between a penthouse with lackluster views versus a breathtaking panorama could amount to hundreds of thousands of dollars.
More Than Meets the Eye
The expansive views offered by penthouses allow residents to feel immersed in the natural environment even while high above the ground. This can create an oasis-like escape from urban chaos and the sensory overload of city living. The restorative effects help rejuvenate the mind and promote cognitive clarity.
Developers are aware of the power of views to attract buyers and increase perceived worth. Many new luxury high-rises are designed to maximize views and natural light for as many units as possible.
For penthouses, the views are often 360 degrees of uninterrupted bliss. These sky-high properties represent the pinnacle of luxury living, and the views are a huge part of the appeal and value.
Quantifying the View Premium
Penthouses boasting exceptional views often command a premium price tag compared to their counterparts with less impressive vistas. In Dubai, a city with over 300 skyscrapers, the view premium can make a significant difference in the final selling price of a property.
Data and statistics reveal that properties with panoramic views in prime locations such as Downtown Dubai, Dubai Marina, or Palm Jumeirah can see an up to 25% increase in their market value. Buyers are willing to pay top dirhams for the privilege of waking up to panoramic vistas that showcase the best of what Dubai has to offer.
The next time you find yourself admiring the panoramic vistas from a penthouse perch in Dubai properties, remember that you’re not just looking at a view — you’re witnessing the value of a lifestyle.
Practical Benefits of a View
Scenic vistas create an illusion of spaciousness, expanding the dimensions of a home visually. An ocean view, for example, imparts a feeling of endlessness that makes rooms feel larger than their actual footprint.
Similarly, bird’s eye views of city skylines make small spaces feel grand. The expansive scope of a panorama tricks the eye and mind into perceiving more square footage.
Natural light is perhaps the most significant practical benefit of a panoramic view. Abundant sunlight from floor-to-ceiling windows boosts mood and energy levels while improving sleep quality.
Well-designed views create an uplifting sense of spaciousness and connection to the outdoors, even in an urban high-rise setting. Depending on the exposure, views can passively heat living spaces through solar gain. Overall, the impact is undeniably positive.
Views can even impact energy efficiency. Southern exposures that let in lots of natural light provide passive solar heating in cooler months. And being able to visually connect with the outdoors often means opening fewer artificial lights during the day.
Tips to Maximize Your Investment
If you’re considering a view property, either as a buyer or seller, here are some tips to maximize your investment:
For Buyers
When purchasing a penthouse with panoramic views, consider how the orientation (north, south, east, west) will impact the amount of light and temperature throughout the day. Also, research any potential obstructions, like new construction or growing trees, that could diminish the view over time. Work with a real estate agent who specializes in view properties and can help you negotiate the best price.
For Sellers
To showcase a penthouse’s views, stage the space to highlight the windows and keep the layout open and uncluttered. Invest in professional photography to capture the full impact of the panoramic vistas.
When marketing the property, emphasize the unique value and benefits of the home’s picturesque views. With the right presentation and pricing, coveted penthouses with sweeping vistas can achieve significant premiums on the open market.
Conclusion
While a panoramic vista may seem like an intangible amenity, the impact on property values is very real. The difference between an ordinary view and an extraordinary one could translate into a small fortune. The views from high-altitude homes can be truly priceless — and endlessly inspiring.
