Affluent foreign investors are increasingly drawn to Dubai’s thriving property market, thanks to high returns, tax-free income, and long-term residency programmes like the Golden Visa. These initiatives assure investors that tenants will stay even after job losses, ensuring stable occupancy.

According to an expert, the biggest concern for foreign investors is tenant stability. “In many countries, tenants are locals. In Dubai, there are Indians, Pakistanis, Arabs, and Europeans, which create a strong rental demand. Long-term visas give investors confidence that their tenants won’t leave,” he told Khaleej Times.

Dubai’s property market has surged post-Covid, driven by foreign capital. IQI, a real estate firm with over 50,000 professionals, facilitated $5 billion in transactions last year, including $400 million in Dubai alone. Southeast Asian investors are especially drawn to Dubai’s zero-income tax, transparent property transactions, and smooth fund transfers. “They are amazed when they realize how easy it is to buy, sell, and move funds in and out of the UAE,” Ansari noted.

Why Are Millionaires Choosing Dubai?

Rising property prices, attractive high-end returns, and taxes on European real estate are pushing millionaire investors toward Dubai. Property values have doubled in some communities, pushing mid-tier investors out but attracting high-net-worth individuals instead. “These are exciting times,” Ansari said. “Indian investors, who once favored the UK and Australia, are now snapping up $2-3 million homes in Dubai because they see incredible value.”

While end-users dominate the below Dh1 million segment to escape rising rents, foreign investors prefer properties above Dh4 million. Ansari advises investors to opt for a single Dh2 million property over two Dh1 million units for better returns. “In a world of uncertainty, high-net-worth individuals seek stability. Dubai offers a secure, tax-friendly environment, world-class infrastructure, and a luxury lifestyle—making it the ultimate investment destination,” he concluded.