High demand in rental properties
About 17,000,000 tourists annually
Demand for commercial properties
About 90% of Dubai residents are foreigners. Lease agreements are concluded for a year. According to DLD, in Q1 2024 there were 202,209 registered lease agreements, which is 45,513 more than in the Q1 2023.
In 2023, a record number of tourists visited Dubai — just over 17,150,000, which is 2.5+ million more than last year. According to DailyMail, the emirate has topped the ranking of the most popular tourist destinations in the world for the third year in a row.
Companies from over 140 countries have their offices in Dubai, which leads to a growth of the interest in commercial real estate.
Flexible tax system
Developed economy
Law protection
Opportunity to repatriate profits, absence of many taxes (for instance, income tax and VAT), and simple and fast procedures for obtaining visas, trade agreements, registrations, and permits are among the critical factors as to why Dubai attracts foreigners wishing to purchase properties for living or investing in.
The UAE's economy is seeing stable and positive development. The government encourages its diversification, which makes the forecasts regarding the economic state of the UAE very favorable.
The real estate market is regulated by the state. Owners and tenants are protected by law.