When it comes to global investment, Dubai real estate ranks on the list, and it outshines many other cities. This city stands out as a premier destination, providing unique advantages compared to the competitors.

Destinations like India, London, Singapore, even New York and Sydney may not bring in that value than Dubai. Here’s a comparative analysis of why Dubai’s real estate market is particularly attractive.

How Much Property Does $1 Million Buy Around the World

Dubai’s prime property prices are 20 to 80% lower than in other major global cities. If you keep a budget of 1 million dollars, let us find out how many square meters of prime property you can secure.

You can invest in Dubai with 91 Sqm

But when you invest in other cities, you might be disappointed.

• Monaco: 16 square meters.
• Hong Kong, 32 square meters.
• London: 33 square meters of space.
• Singapore: 32 square meters.
• New York: 34 square meters.
• Sydney: 42 square meters.

Dubai real estate prices are way affordable, compared to all the cities mentioned above.

Dubai Vs Global Cities Comparison

Let us have a detailed look into the Dubai real estate market compared to the cities around the world.

Tax Benefits in UAE

The first point of argument is the absence of property tax and capital gain tax. Unlike many other cities like London, India, and so on, there are hefty stamp duty and capital gains taxes that can significantly affect your ROI. The city's tax-free environment allows investors to make complete use of their profits. Similarly, many other cities around the world have property tax structures and high transaction costs.

Ease of Property Ownership in Dubai vs globally

The Dubai regulatory environment is well-designed to help and facilitate foreign investment. Investors can take complete ownership of the property in freehold zones, without any market regulations. But you can’t expect the same in other locations. For example, In London, investors go through complex sets of regulations that must be followed. Different cities have potential restrictions related to foreign ownership. The city’s simple legal framework makes it easier for foreign investors to navigate​ the property market.

High Rental Yields in Dubai vs globally

This city boasts some of the highest rental yields globally. The rental return in UAE usually ranges between 5% to 10%, depending on the property type and location​. This when compared to other cities like London and New York, they offer lower around 3% to 4%​. Lesser rental returns, affect the decision of global investors, and this city comes in the highlight.

Economic Stability and Growth

Dubai's economy has shown remarkable growth, even during the most horrific economic crisis that shivered the world. It can be said that oil dependency is one thing, but the UAE economy is diversified too. The emirate has invested heavily in infrastructure, technology, and tourism, further driving economic stability​ Many countries like the U.S. and the U.K. have robust economies, but uncertainties like Brexit and economic fluctuations can impact real estate investments in Dubai. Unlike Dubai, which is said to be a safe haven for investors.

Current Market Landscape

The Dubai real estate news shows how it is getting stronger and has more potential. In Dubai, the residential prices of properties have risen by 20.7% in March 2024.

At the same time, Abu Dhabi saw an increase of 2.3% and 4.3% for villas and apartments, respectively. Rental markets are very strong in this city, with a growth of 38% in 2023.

For the same year, Abu Dhabi witnessed a 16.9% increase. Indeed, when you compare it with the global markets, the UAE rose higher than the others. There are diversified options for buyers to pick from, be it apartments, duplexes, penthouses, mansions or villas.

Off-plan sales are popular as well, apart from the rental market, with Dubai's future projects coming to change the landscape of the city.

Invest in Dubai Real Estate Now

Dubai real estate investment offers a favourable environment and a dynamic lifestyle. It is a rapidly growing market that is drawing attention from investors worldwide. As such, it continues to cement its position as a leading global real estate investment hub.

Compared to other global cities, the lifestyle, safety, layout of your home, and the pricing of the real estate are attractive. Choosing a reliable real estate agency is important if you wish to make the best investment decision for yourself.