According to a report by W Capital, a leading Dubai brokerage, British investors have been the most active in purchasing Dubai real estate during the first half of 2024. The real estate sector in Dubai remains robust and lucrative, offering attractive investment opportunities and high returns.
The report also reveals that the list of top nationalities in terms of real estate purchases includes Indians, Chinese, Lebanese, Canadians, French, Italians, Dutch, Pakistanis, and Turks. Dubai's advantages, such as relatively high rental prices, easy access to real estate financing, and the simplicity of obtaining residency visas, have incentivized well-off residents and foreigners to opt for property ownership instead of renting.
W Capital anticipates that the real estate market will continue to perform strongly, capitalizing on Dubai's global leadership. The brokerage expects sales this year to range between AED 450 bn and 500 bn. The CEO of W Capital, Walid Al Zarouni, highlights the strong commercial partnerships that unite many of the investing nationalities with the UAE, making Dubai a reliable destination. He also emphasizes Dubai's positive economic conditions, the advantages of obtaining residency visas, the appealing tax system for establishing and launching new businesses, as well as its cultural diversity, which embraces approximately 200 nationalities from around the world.
