Indian investors have dominated around 40% of all home purchases in Dubai in 2022, Invest-Gate reports.

In 2023, Indians surpassed Britons as Dubai’s leading real estate investors during the third quarter, injecting approximately $335 mn into the Emirate’s property sector in the previous year’s first half.

Dubai’s post-pandemic real estate market has soared, attracting wealthy Indians seeking investments abroad. According to a report by ANAROCK, Dubai’s property market witnessed robust growth in investment and rental yields.

Moreover, in 2023, apartment prices surged by 18.3% and villas by 22.2%, with short-term rents expected to jump by 20% and long-term rents by 15% compared to 2023. The real estate market in Dubai is forecasted to grow by 15% in 2024, driven by a robust economy and foreign investor interest.

Furthermore, Sanjay Joha, Founder and CEO of Acquist Real Estate Consultancy, noted, “Dubai’s property market has been highly volatile in recent years, but the past two or two and a half years have been a golden period.”

Ashok Borya, International Director of India Sotheby’s International Realty, highlighted Dubai’s attractions for investors, including excellent rental yields, capital appreciation, and the stability of the UAE dirham linked to the dollar. He noted, “Dubai also does not impose capital gains tax, making real estate investment compelling.”

Notably, several real estate investors affirmed that Dubai offers rental yields ranging from 4% to 7% annually, with no taxes on rental income and capital gains, enhancing investment profitability.