Investing in Dubai in 2024

Dubai continues to shine as a rising star in the real estate world. Recent figures from the Dubai Land Department (DLD) speak for themselves: from January 1 to June 30, 2024, 80,635 real estate transactions were recorded, totaling 63 billion USD. To put this figure into perspective, it's almost equivalent to the annual revenue of Nvidia, a leading company in the technology sector, or Caterpillar, an industrial giant specializing in the manufacture of construction equipment and heavy machinery. This exceptional dynamism demonstrates the unparalleled attractiveness of this market for investors.

A now stable and secure market

Dubai's real estate market is now synonymous with maturity and security, thanks to a series of government reforms. Strengthened regulations ensure transparent and secure transactions. The law requires all developers in Dubai to open an escrow account for each real estate project they undertake. This account serves as a safeguard for the funds collected from buyers and investors, ensuring that these funds are used solely for the development of the specific project.

What investors are looking for

Investors are attracted by several key factors. Dubai offers high rental yields, not to mention the absence of taxes on rental income and capital gains. The city is also undergoing economic expansion with large-scale projects offering luxurious amenities, which adds to its appeal. Modern infrastructure, high-quality residential areas, and a cosmopolitan lifestyle are also factors that attract international investors.

Risks to consider

With a massive influx of capital, a real estate bubble is always a potential risk. Additionally, the impact of climate change, particularly rising temperatures and sea levels, could affect certain areas of Dubai in the long term. Therefore, it is important to be well-advised to choose sites that will maintain their value despite future uncertainties. Location is definitely a crucial factor for the success of your investment. A good knowledge of key players and an in-depth analysis of territorial development are essential to selecting the most promising projects.

Dreaming of investing in Dubai?

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