Dubai, UAE
Dubai is a global hub for real estate investment, known for its luxurious developments and strategic location. It offers a stable economic environment and modern infrastructure.
Global Connectivity
Dubai International Airport is one of the world’s busiest airports, offering direct flights to over 240 destinations.
Business Hub
Dubai is home to over 30 free zones, offering tax exemptions and 100% foreign ownership, attracting over 240,000 companies from around the world.
Logistics and Trade
Jebel Ali Port is the largest in the Middle East, enhancing Dubai’s role as a global logistics hub.
Infrastructure Development
New Airport
Al Maktoum International Airport’s expansion is set to increase capacity to 260 million passengers annually.
Public Transport
Continued expansion of the Dubai Metro and introduction of new tram lines.
Urban Planning
Smart city initiatives and sustainability projects like the Dubai Clean Energy Strategy 2050.
Economic Growth and Projections
Current GDP
Dubai’s GDP was estimated at USD 120 billion in 2023, with steady growth driven by non-oil sectors.
Future Projections
The economy is expected to grow at an average annual rate of 3-4% over the next five years.
Key Drivers
Diversification initiatives, such as the Dubai Industrial Strategy 2030. Investments in technology and innovation, positioning Dubai as a smart city.
Rental Yields
Dubai offers some of the highest rental yields in the world, with average returns ranging from 5% to 8%.
Comparison
Dubai offers higher rental yields compared to global cities like London (3-4%) and New York (2-3%).
Market Demand
Driven by a large expatriate population and a thriving tourism sector.
Growth Trends
Property prices have shown a steady increase of 5-7% annually over the past decade.
Key Developments
Major projects like Dubai Creek Harbour and District 2020 are set to boost the market.
Investor Sentiment
Positive outlook with increasing foreign direct investment and demand for luxury properties.
Booming Tourism Industry
Visitor Numbers
Dubai welcomed over 17.15 million international visitors in 2023, an increase of over 20% compared to 2022 and with a target of 25 million by 2025.
Major Attractions
Iconic landmarks such as Burj Khalifa, Dubai Mall, and the Palm Jumeirah. Expo 2020’s lasting impact, with an expected boost in tourism and infrastructure.
Tourism’s Impact
Increased demand for short-term rentals and hotel accommodations.
Benefits for Investors
Golden Visa
Property owners with assets worth AED 2 million or more are now eligible for a 10-year Golden Visa.
Off-Plan Properties
Off-plan Properties are now eligible for the Golden Visa, provided their total investment AED 2 million.
Co-ownership
If the property value is less than AED 4 million, only one person is eligible for the Golden Visa.
New Payment Flexibility
The previous requirement of a minimum AED 1 million has been removed. Required payments: Down payment, 4% registration fees, and SPA execution.
Tax Advantages
No property tax, capital gains tax, or income tax on rental income, making Dubai a tax-efficient investment destination.
Property Ownership
100% ownership of freehold properties for foreign investors,
