The United Arab Emirates’ most unique city, Dubai is world-renowned for its luxurious metropolitan lifestyle, man-made islands, iconic architecture, and diverse population. From attractions like the Burj Khalifa, the Dubai Fountain, and the Dubai Miracle Garden; to opulent hotels, shopping, and nightlife; to swimming, skiing, and even desert surfing and safaris; there is so much to see and do in Dubai. It’s one of the safest cities in the world, and among the easiest to navigate. Dubai is also a centrally-located hub for business world. It’s no wonder Dubai is rated the #1 global destination!

Dubai Real Estate Market Overview

4th Quarter 2023

Total Property Sale Transactions

Sale Volume: 35,430

Sale Value: $30.30B USD

The average sale price-per-square foot for affordable properties in Dubai recorded upticks of between 1% and 11%.

In the luxury segment, Dubai, prices increased by up to 17% during H1 2023.


Dubai Real Estate

There are currently 3.5 million residents in Dubai. Population is expected to reach 5.9 million in 2040, a growth rate of more than 100,000 per year. With continued demand and not enough supply to meet it, Dubai’s real estate market continues to accelerate at an impressive and exciting rate.

Tax Free Investment

There are also tax exemptions and benefits to consider. A safe and tax-free investment, Dubai has no personal income tax, property tax, or capital gain tax implications (investors are still subject to any U.S. tax requirements). This is another reason why businesses and investors, including high-net worth individuals, find Dubai so enticing. In fact, Dubai currently attracts the highest migration of high-net worth investors than any other destination, outplacing the U.S. for the first time.

Diversified Economy

Dubai has a stable economy that is diversified and not dependent on just one sector. Real estate, tourism, and foreign business are among the economic pillars of Dubai. Therefore, the government has implemented numerous safeguards to create a transparent real estate market designed to protect foreign investments. The government also supports tourism with dedicated councils and marketing campaigns.

Consistent Exchange Rate

The exchange rate is also stable, allowing for continuing growth. Its AED currency to the USD exchange rate has ranked among the most popular and consistent. And in Dubai, investors can also use crypto currency for their transactions.

Welcoming environment

A welcoming environment, Dubai’s population is diverse. Expats span from the U.S., Canada, Germany, Italy, France, India, and Pakistan to many other countries. English is the most commonly spoken language, a plus for American investors.

Dream Destination

Dubai is a dream destination for all types of tourists, from friends and newlyweds, to families with kids of all ages, to those seeking an exotic escape. In addition to the hotels, landmarks, luxury shopping, and swanky restaurants, Dubai’s gorgeous parks, the Dubai World Cup, and the Dubai International Film Festival are just a few of this city’s many attractions. It’s also simple for tourists to navigate, boasting a state-of-the-art metro system, modern airports and sea ports, and the famous Etihad railway.


When navigating the complexities of buying property in Dubai, understanding the laws, requirements, and processes will help you make a smart and safe investment.

  • Can Foreign Investors Purchase Property in Dubai?

The Dubai Land Department (DLD) has designated specific properties as Freehold Properties:

○ Freehold properties grant foreigners the opportunity to own a piece land and the dwelling on it.

○ Home owners have the option to occupy, sell, or lease the property.

  • Can You Benefit from a 1031 Exchange in Dubai?

As explained by 1031 Specialist Andrew Gustafson, CES®:

○ “The IRS allows international real property to be 1031 exchanged for other international real property given the fact pattern of holding the relinquished property satisfies IRS Revenue Procedure 2008-16.”

○ “Property in Dubai with a capital gain tax due can be deferred in a 1031 exchange when real property of greater value is acquired and held for at least two years.”

○ “In each of those two years, the property must be rented a minimum of fourteen overnights, with no more than fourteen personal overnights in each of the two years.”

  • What is the UAE’s Golden Visa and How Can I Benefit?

One of the major benefits of property investment in Dubai is that property investors are eligible for residency visas:

○ Those with property investments amounting to $545,000 USD (or higher) may now apply for the Golden Visa (i.e. a 10-year visa), which grants exclusive benefits to long-term residents who are investors, talents, entrepreneurs, and more.

○ The Golden Visa provides the property investment with more stability.

○ Also, property investors may sponsor their family members and provide them with residency visa.

Click here to learn more about the UAE’s Golden Visa and requirements.

  • Can a Foreign Investor Obtain a Mortgage?

Mortgages are typically available to investors once a project or off-plan property is built and just prior to hand-off. At this point, you can learn more about the requirements individual to the deal:

○ Usual requirements include being under the age of 55 and having a minimum of $50,000 in your bank account.

○ You can apply for a mortgage through both national and private banks.

○ You will also need to meet the mortgage requirements specific to the bank you are working with.

  • What Are the Benefits of an Off-Plan Property?

Purchasing a property prior to being built can save money. You can typically enter into the deal at a lower price, for less of an investment – which serves to increase your ROI:

○ A down payment of 10% of the investment, plus a one-time 4% payment to the Dubai Land Department (DLD), is routine.

○ The developers will typically offer a payment plan for approximately 50% while the property is under construction, with the balance being due upon handover.

○ Some developers may even offer a post-payment plan spanning a period of 2 to 3 years after the handover.

○ A mortgage may be available to those who meet the requirements, which include being under the age of 55 and having a minimum of $50,000 in their bank account.

○ For off-plan properties in particular, there are opportunities for a 3 to 6-year payment plan and a 60% mortgage upon completion of the project.

  • Is the Completion of an Off-Plan Property Guaranteed?

Dubai has put numerous regulatory enforcements in place for foreign investors, including those set by the Real Estate Regulatory Authority (RERA). Under RERA, all off-plan projects must meet certain mandates to guarantee completion, including:

○ Developer ownership of the land for the project

○ Prior to off-plan sales, 20% of the project must be completed OR 20% must be held in escrow

○ Contractors are bound to a performance guarantee of 10%

  • Is Any Money Held in Escrow?

In Dubai, government-controlled escrow accounts are a required part of the real estate investment process. The escrow account is a protected place to hold the buyer’s money until the project is completed for hand-over. The escrow account safeguards the interests of both the developer and buyer:

○ The developer doesn’t allocate the money elsewhere

○ All stages of the project are monitored to ensure completion, on-time.

The escrow account also protects buyers if the developer is unable to finish the off-plan project:

○ The government intervenes to secure a new developer for the project.

  • Am I Permitted to Offer Short-Term, Long-Term, or Airbnb Rentals of My Property and What Are the Average Rates?

Foreign home owners are permitted to make their property available for lease, including privately and through services such as Airbnb:

○ The average rental rates are 12% to 15% for Airbnb and 7.5% for long-term rentals.

○ Bookings are permitted to be placed using credit cards such as Visa and Mastercard.

○ Renting parties have 24 to 48 hours to make wire transfer deposit into an escrow account for the property rental.

GG Benitez International is here to expertly guide you through Dubai’s real estate laws, regulations, and procedures, including but not limited to: off-plan properties, freehold properties, golden visas, escrow, project percentages, disputes, jointly-owned properties, taxes, mortgages, offers, and closings.


Looking to invest in Dubai?

We are experts in the business of finding and securing the best properties to fulfill your needs.

Edit Search

  • Email Updates
  • Only Update me On
Email Sent! Your email was sent successfully
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    When are you looking to purchase?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need assistance with financing?
  • Thank You For Registering

    Just a few more details so we can help you

    (All fields are required)

    Need to also sell your property?