What is A Luxury Apartment? Different Types of Luxury Apartments

March 30th, 2023


What is a Luxury Apartment?

A luxury apartment is a type of residential housing that provides high-end amenities, exquisite finishings, expansive views from spacious balconies, and ultimate conveniences. They come with an array of amenities within the premises that cater to all age groups. Luxury apartments are typically located in areas that are well-connected to the city’s renowned healthcare facilities, educational institutions, office spaces, entertainment arenas, and more.

Why Choose a Luxury Apartment?

There are many reasons why people choose luxury apartments – their desire for a higher quality of life, the amenities they come with, the privacy and security they offer, and the convenience of having it all in one place.

Luxury apartments commonly entail high-end fixtures and finishes, upgraded appliances, as well as access to exclusive amenities such as pools, fitness centres, and concierge services. High ceilings, large rooms, and spacious balconies, all made using exquisite quality materials are some of the aspects of a luxury apartment.

Over the years, the buyer profile of real estate properties has changed dramatically. At one point, these were mere investment options but now, they have transformed into a lifestyle. People commonly choose luxury apartments because it satisfies their lifestyle needs while also accurately representing their status. Being around like-minded individuals allows one to network within the community and expand one’s horizons. All in all, luxury homes are not only relaxing and convenient but are also a grand status symbol in society.

Pros of Luxury Apartments

  • A luxury apartment community gives you access to numerous amenities that are not usually available in a regular apartment or an independent house. Overall, you’re paying for a fantastic place to live in with plenty to do and see. You have everything from rooftop or garden patios to pools, pet-friendly parks, and concierge services within the apartment complex, making life here convenient.
  • When you choose a luxury apartment, you will discover that there are amenities within your unit that will set you apart from regular apartments. You will have smart home features, provision for walk-in closets, ample space, large balconies, utility space, and more. With all these features at your disposal, your time at home is guaranteed to be enjoyable and stress-free.
  • Concierge services in apartments are a blessing. From handling packages to finding your handyman, these services are available 24×7, thereby addressing every issue promptly.
  • Always enjoy tight security in luxury apartments. Security is an aspect that one cannot compromise on and hence luxury apartments come with CCTV coverage across the property, security guards, etc. that actively monitor every minute of every day. Therefore, you can heave a sigh of relief when your child is playing anywhere on the premises.
  • You’ll discover that your neighbours enjoy taking advantage of all the amenities just as much as you do, and you’ll build a community of like-minded people to spend time with. This will give you the opportunity to make new friends while enjoying a swim or sweating out at the gym.
  • Luxury apartments are always well-connected to the best locations in the city. Explore local restaurants, entertainment arenas, public transportation, and whatever else piques your interest with great ease. You can now be conveniently close to most social infrastructure yet tucked away from the chaos of the city.

Cons of Luxury Apartments

  • Purchasing a luxury apartment can be an expensive endeavour that is not within everyone’s financial means. It is wise to carefully consider your yearly finances before investing in luxury apartments.
  • Consider the cost of general utilities and other services you use or do not use. Certain amenities could be charged for irrespective of your use. Paying for such services could burn a hole in your wallet.

Different Types of Luxury Apartments

Luxury residences come in a variety of shapes and sizes, from lavish apartments to sprawling mansions. Here are a few of the most common types of luxury properties:

High-Rise Luxury Apartments

Tall commercial buildings with iron and steel frameworks came to be regarded as skyscrapers or high-rise buildings in the late 19th and early 20th centuries. The Home Insurance Building in Chicago is widely regarded as the first skyscraper, despite being only 10 stories tall. Over time, numerous taller buildings were made, all thanks to the ever-evolving architectural and engineering developments.

Today, the world’s tallest skyscrapers have over 100 stories and can be at least 2000 feet high. Although earlier high-rises were restricted to commercial buildings, today, there are plenty of high-rise residential complexes. The Burj Khalifa is the tallest building in the world with around 163 floors and 830 meter in height.

High-rise luxury apartments are gaining prominence because of increased demand for luxury residences, and with limited land availability, an easy solution is to build tall multi-story apartments to accommodate everyone’s needs and desires.

Luxury high-rise apartments are the pinnacle of modern city living. Residents of these apartments enjoy luxurious, sophisticated living with stunning skyline views. High-rise apartments frequently include a variety of amenities, ranging from concierge services and round-the-clock security to state-of-the-art fitness centres and rooftop pools.

The interiors of such luxury apartments are a class apart too. With extraordinary finishings, spacious living spaces, and even smart home features, these apartments redefine luxury.

Living in a high-rise luxury apartment means having world-class dining, shopping, and entertainment a stone’s throw away. These apartments provide the ideal combination of convenience, style, and comfort.

Investing in luxury apartments can be a great way to generate a consistent income stream. Luxury apartments are in high demand, and their rents are frequently much higher than other kinds of apartments. Because higher rents can result in a higher return on investment, luxury apartments are an appealing option for investors.

Some Tips to Keep in Mind

  • When looking for a luxury apartment, compare amenities to ensure that you are getting the best value for your money. Take the time to understand what amenities you’d be using and what amenities you’d be paying for irrespective of using them.
  • It is critical to understand what you require and desire. This can help you narrow down your search and find an apartment that meets all of your needs and wants.
  • Consulting a real estate agent can be extremely beneficial. They can assist you in finding apartments that meet your criteria as well as provide useful advice on the market.

Serviced Luxury Apartments

A serviced apartment is a type of apartment that offers extra services such as housekeeping, laundry, and other amenities found in hotels. Serviced apartments are typically larger than hotel rooms and include additional amenities such as a kitchen, living room, and separate bedrooms. Business travellers, families, and other travellers who require more space and amenities frequently prefer serviced apartments to hotels.

Serviced apartments are typically larger than hotel rooms and provide a more home-like environment with a fully stocked kitchen, living area, and bedroom. Whereas hotels offer a more traditional hotel experience with amenities like a restaurant, bar, and spa.

Serviced apartments are generally less expensive than hotels because they offer more space and amenities for the same price. Hotels are better suited for short stays, whereas serviced apartments are better suited for longer stays. Usually, serviced apartments are located closer to commercial, business, and tourism hubs.

The return on investment for serviced apartments depends on factors such as the location of the property, size of the unit, amenities it offers, and general market conditions. Because of the increased demand for short-term stays in the current market, serviced apartments can offer a high return on investment when compared to traditional long-term rentals.

Penthouse Apartments

A penthouse is an ultra-luxurious apartment on the topmost floor of a tall building or tower. It provides breathtaking views, offers high-end amenities, and provides a high level of privacy. Nowadays, realtors also use the term to describe any unit with a significantly larger and more luxurious floor plan than the other units—qualities that make them the most expensive.

Penthouse apartments offer spectacular views of the city skyline or surrounding nature. They even feature outdoor spaces, such as balconies, patio areas, and rooftop gardens. Some even have private amenities such as a gym and terrace pool.

Penthouse apartments feature expansive, open floor plans with plenty of space for entertainment and leisure. They usually boast of higher ceilings when compared to other apartments. This can particularly make the space feel even more airy and luxurious. Since they’re situated on the topmost floor, there is never a dearth of large windows that allow bright light and ventilation.

One of the most significant benefits of living in a penthouse is the privacy it provides. Penthouses are normally on the top floor, making them more isolated from the hustle and bustle of the city or town.

Owning a penthouse indicates wealth and success and is frequently regarded as a status symbol among large strata of society. On the other hand, penthouses can be quite expensive – the cost of repairs and renovations also is frequently higher than for regular apartments.

A penthouse will typically appreciate in value over time, providing the investor with both capital appreciation and rental income if the unit is rented out. Furthermore, if the penthouse is in a desirable location and includes high-end amenities like a pool or rooftop terrace, it can provide a higher return on investment in a much shorter time.

Townhouse /Row House

A townhouse is a type of housing that has one or more walls in common with the adjacent house. It can be two or three stories high and comes with an exclusive entrance and a private backyard as well.

Townhouses are a more popular option in countries like the USA since they are typically smaller than independent homes. For many renters in this region, renting a townhouse is a practical and cost-effective option.

In India, we are more familiar with the term row house. This is ideal for those who want an independent house but don’t want the hassles of maintenance and general upkeep. People who value their privacy may prefer row houses to any other type of residence.

If you do come across a row house in a sprawling neighbourhood, you will have struck gold! Row houses are excellent investment options because their prices rise faster than those of traditional apartments. Given the scarcity of row house developments in India, demand for this type of property is always on an upward trend.

Waterfront Luxury Apartments

Apartments with a view of a water body, such as a lake, river, or ocean, are commonly referred to as waterfront apartments.

The view is one of the most obvious advantages of waterfront apartments. Residents can take advantage of stunning sunsets/sunrises and the beauty of the surrounding landscape. Due to the proximity of the water body, waterfront apartments provide an abundance of natural light and ventilation. This is best suited for individuals who need a breath of fresh air after a long day.

Waterfront residences are normally far more expensive than any regular apartment. Therefore, even at the time of selling your property, you can be certain that your waterfront apartment will fetch a higher revenue than apartments farther inland. The size of the flat, the amenities offered, and the state of the building will also affect the property’s worth.

Convertible Apartment

Convertible or flex apartments are those that are spread across a large area and can be converted into different rooms with the help of a partial wall, an alcove, or a sliding door. Usually, these apartments come with one bedroom with the option to flex and create an additional bedroom using a separator.

If you have a convertible apartment, you can increase the size of your living area as per your preference. Whether you need to add an extra bedroom or create home office space, just move some furniture around. And voila! You have yourself a versatile space.

Compared to conventional flats, convertible apartments are less common. This signifies that it might be quite difficult to find one. Also, converting a space into a living area necessitates adjustments that may result in more expenses. Whether you’re converting from a bedroom to a living area, constant modifications of perhaps electrical work or adding insulation may come at a price.

Garden Apartments

A garden apartment is a ground-floor residence in an apartment complex. It has easy access to a garden or backyard. The term can also refer to a low-rise apartment that is surrounded by gardens, trees, shrubs, and lawns. There are several other names for these such as garden grove, garden stroll, and garden park.

One of the benefits of living in such apartments is the abundance of nature. You can access these garden spaces at any time. With work-from-home being the norm, you can make the most of this natural workstation. These homes are also exceptionally loved by those with pets since it gives them access to the garden space. And since they are not high-rises, they may come relatively cheaper.

However, one may find that these garden apartments may not be as bright and well-lit as their high-rise counterparts. For someone who enjoys bright abundant ventilation in the home, these houses may be disadvantageous. Also, some homes are called garden homes but are located on the first floor with a patio. But since they’re closer to the ground, they are often referred to as a garden home. So, be sure to check with your realtor and also do a recce before you finalise such an apartment.

Duplex or Triplex Apartments

A duplex is a unit that has two stories in one apartment building. These homes can comprise two different living spaces and two entrances. A staircase within the unit connects the bottom floor to the top.

A three-storied apartment is known as a triplex. These have three living rooms – one on each floor – and a staircase/elevator that connects each of these floors. These homes have more than two bedrooms, if not more, on each floor.

These luxury homes have a private terrace area, large balconies, etc on different floors ushering in abundant natural light and ventilation. Rooms can be converted into an in-house gym, drawing room, or a guest bedroom as per one’s preference, making such houses versatile and accommodating of growing families’ needs.

Duplexes and triplexes can represent excellent investments for individuals wishing to profit from the real estate market. These may appeal to investors more than single-family homes because of the cost savings they bring.

Studio Apartments

Studio apartments operate on the idea of efficient space utilisation. As a result, you’ll encounter very minimal restrictions like walls and space delineation. Studio apartments are often more affordable than larger apartments because they have fewer square feet. Less space means easier upkeep and lesser time and effort to keep it tidy.

These apartments are ideal for people who are often on the move since it is easier to pack up and relocate. Also, it is easier to spruce up a studio apartment since they do best with minimal yet statement pieces.

Space is limited and therefore those with growing/bigger families, studio apartments may not be the best bet. Also, if you need additional storage space or you have guests frequenting your place often, you could have a tough time navigating through this.
A studio apartment’s price is entirely based on where it is. So, it might not be safe to assume that it would be less expensive than a three-bedroom apartment in a less upscale area.


A condominium (or condo) is a type of dwelling, identical to an apartment, that is privately owned while the common parts of the building, such as the corridors, are held by several homeowners collectively. Condominiums, which are different from single-family homes and townhouses, which are also types of housing, are frequently found in multi-unit buildings.

Condos are popular in the US, UK, and Canada regions and are often believed to be an excellent choice for first-time homeowners and those on a budget. They are frequently cheaper than single-family homes. Condos frequently have tight-knit communities and lots of opportunities for neighbourly interaction.

Condo owners may face restrictions when it comes to modifying the exterior or interior of their units. Since multiple owners are involved, this kind of housing has many rules and regulations set in place by the association. This could also be one of the reasons why maintenance may not be the easiest. It is also a popular belief that reselling condominiums may not be as easier as reselling independent homes.

Low -Rise Apartments

Low-rise apartments have lesser than four floors, including the basement. These apartments are ideal if you have senior citizens or people with disabilities living with you. Low-rise apartments come with better access to well-manicured lawns and even have trees closer to their residences.

Some of these are also popularly known as walk-up apartments since they may not have elevators to carry one from the ground floor to the topmost floor. These kinds of apartments eliminate the waiting time for lifts.

Low-rise apartments are smaller in size and are a much more affordable option than high-rise ones. They are easier to rent or own and sometimes even come with fewer amenities. These are perfect for those living on a budget but seeking an apartment lifestyle.

These apartments frequently provide less privacy since residents are more likely to have neighbours on all sides of them. Sometimes, people can see the interiors of low-rise units from the streets outside, eliminating privacy.


It is no doubt that there are both luxurious and affordable housing options available all around the world. In addition to the types of apartments mentioned above, you may also find micro-apartments (apartments that are 400 square feet or less), co-ops (where building occupants purchase shares of their complex rather than a single unit to live in), railroad apartments, lofts, and more. This thorough knowledge of what is available in the market can help homebuyers narrow down their preferences.

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