Dubai is one of the leading global tourist, financial and investment hubs. It is the most popular emirate, with luxurious beaches and world-famous attractions: Burj Khalifa, Dubai Mall, The Dubai Fountain, Burj Al Arab, Palm Jumeirah, Museum of the Future and others.
In addition to entertainment, Dubai offers great incentives for work and business. There are more than 20 free economic zones, world-class business centers, and many residential complexes with conference rooms and co-working spaces. The emirate has 2 international airports and multiple seaports.
About 90% of the population of Dubai is foreigners. People from different countries move to Dubai because of the high quality of life and the developed infrastructure. There are first-class medical facilities, international schools and universities that offer world-class education. The Expat Insider 2022 by InterNations ranked Dubai as the second best city in the world for expats.
In 2006, Dubai passed a law that allows foreigners to buy property in freehold zones. Also, there is a lucrative residence-by-investment program. The owners of completed property valued at a minimum of AED 750K (USD 204K) are eligible for a 2-year visa, which can be extended. Investments valued at AED 2M (USD 545K) and above, grants the investor a 10-year Golden Visa, which includes family members and domestic staff as well.
The emirate has a stable demand for the purchase and rental of residential and commercial properties. Here you can acquire real estate across different price segments: from affordable studios and apartments to ultra-luxury penthouses and villas.
*The price is valid for 2021
Some of the most popular neighborhoods and communities in Dubai among buyers and investors include:
Dubai Marina is a coastal neighborhood in southeast Dubai with high-end real estate, and a wide range of restaurants and entertainment. It features skyscrapers with luxury apartments and serviced residences. Dubai Marina is the most popular neighborhood for buying premium apartments. It attracts both luxury lifestyle enthusiasts and employees of the companies in Dubai Media City and Jebel Ali Free Zone, as both of these areas are located close by. The average purchase price for a 1-bedroom apartment in Dubai Marina is AED 1.2M (USD 327K), according to Property Finder analytics. The cost of annual rent for this type of real estate is set at AED 110K (USD 30K), whilst the return on investment exceeds 7.3%.
Jumeirah Village Circle (JVC) is a family-oriented area nestled among green gardens. Nearby are many schools, stores and restaurants. Available units include apartments, villas, townhouses, duplexes, etc. The average price for 1-bedroom apartments in JVC is AED 683K (USD 186K), and for 3-bedroom villas is AED 1.8M (USD 487K). Rental rates for these types of real estate are AED 65K (USD 18K) and AED 142K (USD 39K) a year, respectively. The ROI is set at 7.7% for 1-bedroom apartments and 6.6% for 3-bedroom villas.
Downtown Dubai is the central area of the city where the main tourist attraction points are located. These include Burj Khalifa, Dubai Mall and the largest light and music fountains on the planet — The Dubai Fountain. This area is famous for its selection of gourmet restaurants, high-end boutiques, and entertainment venues. Residential real estate in the area is mainly represented by luxury apartments. The average cost of a 1-bedroom unit is AED 1.7M (USD 456K) and the rental rate is AED 129K (USD 35K) per annum. According to Property Finder, the ROI of such residences in Downtown Dubai is 6.6%.
*The price is valid for 2021