Real Estate in Dubai: Relaxation, Investment, and Profit

The ambitious project of the Dubai government to transform the desert coast into a new global business center is the epitome of comprehensive urbanization of territories and globalization of investments. Become a participant in the grand project of developing the coastal area with a carefully calculated profit from every invested dirham.

Investing in Dubai real estate is profitable.

The government of Dubai has developed unique conditions for attracting financial flows. The tax policy provided by the Dubai-2040 Development Master Plan, protection of investors’ rights, privileges for investment funds, flexible forms of land ownership, and pre-approval of loans for up to 25 years are all implemented.

Any format of real estate purchase in Dubai is advantageous:

  • The cost of new construction rises daily from the moment of the developer’s project presentation;
  • The high margin of the secondary real estate market provides stable passive income.

Dubai is a symbol of the dynamic real estate market:

  • High demand with the annual introduction of 40,000 m2 of housing into operation;
  • 200-380 real estate deals are registered every day;
  • The daily volume of transactions often exceeds 1 billion dirhams;
  • The return on investment is 8-12 years;
  • The median annual growth in prices for residential and office real estate is +19-26%;
  • There is a significant annual increase in rental rates: +15-22%.

Real Estate in Dubai – Market Features

The Emirate of Dubai stretches along the Persian Gulf for a distance of 134 km (83 m)with a depth of 34 km (21 m), and the coastal development density reaches 97%. Dubai has a well-developed network of transportation, with bridges and tunnels connecting the Eastern and Western parts. The best architectural and design bureaus in the world are attracted to city development. Dubai has strict control over building regulations, seismic resistance, and building safety.

Real estate buyers do not invest in land works, communications, water desalination, landscaping, logistics, or transportation networks. A network of management companies interested in the high profitability of each object is developed.

Nuances of buying real estate in the Emirate of Dubai

The average annual temperature in Dubai is +29.2°C (84.56°F). Modern climate control systems are one of the main criteria for quality real estate. The website of the Land Department’s REST allows you to check the status of an object before purchase.

It is important to ensure the absence of credit obligations and debts on communal payments by the owners of secondary real estate. The registration fee is 4% of the cadastral value of the object. Personal income tax and capital gains tax are absent.

Best areas in Dubai for purchasing investment property

In the premium class real estate market of Dubai, the highest rental rate growth ranges from 23-41% in the areas of Downtown, Palm Jumeirah, Dubai Hills, Al Hebiah Fifth, Dubai Beach Residence, Dubai Marina, EXPO, Business Bay.

Choosing a residence in Dubai’s comfort and business class for rent takes into account the interests of potential tenants:

  • Tourists – shopping centers, attractions, entertainment, and airports;
  • Digital nomads – supermarkets, restaurants, co-working spaces;
  • Dubai company employees – transport interchanges, investment and logistics parks, hospitals and business centers.

Dubai – How to buy property as a foreigner

The Turkey Property Group develops an individual interview plan with each buyer, taking into account their goals, investment volume, family preferences, and life plans.

A vast volume of the new and secondary real estate market in the Emirate of Dubai undergoes careful screening. The result is a personal shortlist with a description of Dubai’s properties: location, cost, profitability, pros, and cons.

The Turkey Property Group provides comprehensive deal support: property verification, negotiations, bidding, offers, document preparation, booking, contract, and property registration. They provide consulting services regarding financing, taxation, and property maintenance costs.

Effective sale of real estate in Dubai

Turkey Property Group is selling new construction projects on behalf of private owners and developers in Dubai. We analyze the Dubai market, justify the starting price, and create an effective advertising strategy. Turkey Property Group’s website, exclusive “waitlist,” and partnership connections guarantee a profitable deal in minimal time.

TOP-5 popular questions for real estate buyers in Dubai

❓What are the most popular areas for real estate investment in Dubai?

The most popular areas for real estate investment in Dubai are Downtown Dubai, Dubai Marina, Palm Jumeirah, and Business Bay.

❓Is it possible to buy real estate in Dubai without citizenship?

Yes, it is possible to buy real estate in Dubai without citizenship, but you need to obtain a special permit from the Department of Land Resources and Immigration.

❓What is the average price per square meter of real estate in different areas of Dubai?

The average price per square meter of real estate in Dubai varies depending on the area, usually ranging from 3,500 to 5,000 euros per square meter. Factors that affect the price include location, building layout, sea view, area, etc.

❓What are the advantages and disadvantages of real estate investment in Dubai?

The advantages of real estate investment in Dubai include high profitability, a stable real estate market, and high construction quality. The disadvantages may include high costs, a long period of document preparation, and restrictions on property rights.

❓What types of real estate are most popular among investors in Dubai?

The most popular types of real estate among investors in Dubai are apartments in high-rise buildings and villas.