Whether it's the allure of luxury high-rise apartments, vibrant commercial hubs, or prime beachfront villas, Dubai's real estate market offers a wealth of opportunities for global investors and expats seeking to make it their second home or earn an additional income. Coupled with a tax-free regime, high rental yields, and the possibility of residency through investment, buying property in Dubai is an attractive proposition for international buyers.
- Dubai’s real estate market offers competitive returns, with 5.27% rental yields.
- Foreign investors can purchase freehold property in designated areas.
- Through the UAE Golden Visa program, buyers who invest at least AED 1,000,000 can qualify buyers for long-term residency in the country.
- There are no property taxes, capital gains taxes, or income taxes in Dubai, maximizing your return on investment.
Dubai’s Real Estate Market Overview
Dubai’s economy is supported by strong infrastructure, world-class logistics, and a strategic geographic location that connects the East and West. The property market benefits from a steady influx of foreign institutional capital as well as expats and tourists, which comes with a consistent demand for residential and commercial properties.
Its real estate market is known for high capital appreciation in certain districts and, according to recent reports, the overall sales value for properties in the city in September 2024 increased by 18.1%. The price per square foot has also seen a 7.8% increase year-on-year.
In the rental market, apartments saw a 17.1% increase in average rental prices and villas experienced a modest 2.9% rise in rental prices. Commercial rental properties saw the most significant rise, however, with a 19.1% increase in average rental prices.
18,045 property transactions were recorded in September, marking a 32.7% increase compared to 2023. Apartments saw a 35.9% increase compared to the previous year and villas saw a 29.2% increase year-on-year. Plots of land purchases also went up by 12.6%.
Looking ahead, Dubai’s real estate market is set to experience a significant supply increase, with around 41,000 units projected to be developed in 2025 and 42,000 units in 2026.
Benefits of Buying Property in Dubai
Beyond the diverse investment opportunities and high rental yields, the UAE's business-friendly policies, transparent regulations, and minimal bureaucracy create a conducive environment for entrepreneurs and investors who own property in Dubai.
- The UAE does not levy property taxes, income taxes, or capital gains taxes on individuals. Additionally, the UAE's stable and robust banking system ensures the security and growth of your savings. This means investors can maximize their returns.
- Purchasing property qualifies investors for the UAE’s Golden Visa, a long-term residency program that allows foreigners to live, work, and study in the country. Your long-term, renewable residence visa (valid for either 2, 5 or 10 years) offers the chance to call Dubai your home quickly.
- Residents of Dubai benefit from access to Dubai’s premium lifestyle offerings, including luxury shopping, dining, entertainment, and healthcare. The UAE is also home to some of the best educational institutions and hospitals.
- Not to mention, Dubai consistently ranks as one of the safest cities globally, with very low crime rates and a stable political environment, making it a secure place to live and own assets.
Partnering with experts like Mirabello Consultancy, which has years of experience in Dubai’s real estate market and strong property network across the region, ensures you make informed decisions. They offer personalized advice on selecting prime properties, managing investments, and understanding legal frameworks so you can benefit from your investment.
The UAE Golden Visa program offers many avenues for gaining residency through property investment and, with many real estate options, tax benefits, and high return potentials acting in the investor’s favor, Dubai has become a popular option. By working with residency and citizenship specialists like Mirabello Consultancy, you can navigate the complexities of the city’s property market and make informed decisions that maximize your investment potential.
FAQ
Through the Golden Visa initiative, depending on the size of the investment, buyers can qualify for 2, 5, or 10 years’ residency.
The Golden Visa requires an investment of at least AED 2,000,000, either in one property or multiple property under the name of the applicant.
No, foreign investors in designated freehold areas have full rights to sell, lease, or transfer their property as they see fit.
While not legally required, hiring an experienced property expert is advisable to ensure all legal procedures are followed and to manage due diligence.
Service charges range from $1 to $8 per square foot annually, depending on the property type and location, covering upkeep of the building, security staff and amenities like in-house gymnasium and pool area.
