Investing in Dubai: Onyx Real Estate's guide to real estate investment in Dubai
Dubai's real estate market offers many advantages that attract investors and entrepreneurs from all over the world. That's why our Dubai Real Estate Investment Guide is for you! With high rental yields and favorable tax treatment, it's worth considering a real estate investment in Dubai, especially for French people wishing to settle in this booming country. Find out why investing in Dubai in 2023 could be an excellent opportunity, and get tips on how to get the best rental returns.
1. Higher rental yields than internationally
Buying an apartment or villa in Dubai offers higher rental yields than in London, Paris or Hong Kong. Here's a comparison of average rental yields between some major cities and Dubai:
- Dubai: 8% of sales
- London: 3% of sales
- Paris: 3.75
- Marseille: 5% sales
- Hong Kong: 2.82
- Brussels: 5% sales
What's more, prices per square meter are generally lower than in many other major global cities. Here's a comparative table of average prices per square meter for buying a home in city centers compared to Dubai:
- Dubai: €4,500
- London: €14,900
- Paris: €12,300
- Marseille: €4,500
- Hong Kong: €22,000
- Brussels: €3,800
2. A highly advantageous tax system
Dubai's tax system is very attractive for entrepreneurs wishing to open their own business, as no tax is currently levied on company profits. Foreigners only need a valid passport to purchase freehold property in the emirate.
3. Choosing the right area to invest in Dubai
To make a good real estate investment in Dubai, it is essential to consider these three factors:
- Help from a local professional
- Type of property
- Property location
Use the services of a local real estate agent. It is highly recommended to contact a local real estate agent when you wish to invest in real estate in Dubai. In practice, the agent conducts the search for you and selects properties that meet all your criteria. If you wish to purchase an apartment or villa after a visit, the real estate agent will assist you with all the administrative formalities. Choose the right neighborhood to invest in Dubai. To get the best return on your investment, buy in an affordable neighborhood with modern infrastructure (health, education, transport). Here's a table showing Dubai's main neighborhoods and their advantages and disadvantages in terms of real estate investment:
- Dubai Sports City: attractive yield, proximity to city center, numerous sports facilities / lack of properties available for purchase
- Dubai Marina: strong rental demand, pleasant, modern neighborhood / high sales prices for large units
- Palm Jumeirah: residential area popular with expatriates, exceptional location, strong rental demand, very good gross yield / secure investment thanks to constant price growth
- Business Bay: Dubai's business district, strong rental demand, numerous new real estate projects / lack of properties available for purchase
In conclusion, Dubai is a destination offering many advantages for property investors and entrepreneurs wishing to set up their own business. With attractive rental yields, advantageous taxation and a booming market, it may be wise to consider an investment in Dubai for French expatriates wishing to develop their wealth in a dynamic international context.
You can now download our Dubai Real Estate Investment Guide and find out all about investing in Dubai.
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