2021.09.08

1. What is the overall environment and prospects in Dubai house market?

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Dubai has its position as "Switzerland in Middle East". Dubai has maintained a stable political situation for a long time. 

(1) In The Global Financial Centre Index announced in September 2018, Dubai rose 4 places in the global financial center rankings as the 15th, surpassed Paris, Geneva, Los Angeles, Luxembourg, Vienna and other major cities.

(2) More than 400 of the world's top 500 companies have operated in Dubai

Such as Deutsche Bank, Credit Suisse, Morgan Stanley, Merrill Lynch, Google, Facebook, Amazon, Huawei, etc.

(3) In Dubai, you only need to invest a house that's over AED 750000, you can apply for Dubai Investor VISA, and apply for your family members. Houses in Dubai are generally cheap compared with New York, London, Sidney and so forth. When investing a Dubai house, you don't need to pay tax.

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2. How is the pandemic situation in Dubai?

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Dubai opened its airport in June 2020. In 2021 by August, 80+% of population in Dubai has vaccinated, and commercial and living aspects are running as normal.

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3. What are the  advantage of buying a house in Dubai?

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(1) Foreigner-friendly Dubai Investor VISA:

When you purchase a Dubai house that's over AED 750,000, you as the owner can apply for Dubai Invest VISA like Green Card. After the owner holds Investor VISA, the owner is eligible to apply for his/her parents, spouse and kids until 18.

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(2) Higher rental income:

With fast both local and international population growth in Dubai, investing Dubai house for collecting rent as passive income is a stable and profitable choice. In 2021, Dubai rental ROI is around 4.5%-7%.

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(3) Political stability, safety for living and for buying houses.

There is almost none political risk in Dubai since Dubai play financial card rather than political card.

In Dubai, people are here for living, for business, and with the strict government's crime policies, Dubai(UAE) is one for the most safest place in the world for traveling and living, ranked as 2nd with Finland as the 1st in 2017.

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Why you invest a house in Dubai, your money goes to the specific Escrow account monitored by Dubai Land Department, which minimize the investors' loss and fraud concerns.

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4.  What are the risks in buying a house in Dubai?

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The risk is that house prices rise slowly compared with Ho Chi Min and Kuala Lumpur. Dubai is not prone to an annual increase of 10%-30%.

In the past five years, housing prices in Dubai Downtown area and  Business Bay area have only increased by 5%-12%.

Many expected the oversupply in Dubai's house market, which Dubai government is working on stricted handover policies to developers as well as permission for developing policies. 

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5. How much are Dubai houses in general?

In Dubai Downtown, 1BR apt is approx. AED 1,000,000 -1,700,000 for 600-850 Sqft apartment, and 2BR is approx. AED 1,600,000 -2,500,000, and 3BR is approx. AED 2,500,000 -4,500,000.

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6. Are there any restrictions for foreigners to buy houses in Dubai?

Foreigners can purchase apartment houses, villa houses, serviced apartments, hotels, commercial real estate and land, etc., without restrictions on types.

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