Industry News & Insights

29 Nov 2024

Dubai Real Estate Outshines London and New York with Higher Yields and Double-Digit Growth

Dubai Real Estate Outshines London and New York with Higher Yields and Double-Digit Growth

Dubai’s real estate market offers unparalleled investment returns, outperforming both London and New York in terms of yields and price growth. With gross yields averaging 7%, Dubai surpasses New York's 4.2% and London’s 2.4%, making it a top choice for investors seeking strong rental income and capital appreciation.

Despite its reputation for luxury, Dubai remains accessible, with an average sale price of just $438 per square foot—significantly lower than London and New York. This affordability, combined with world-class amenities, has made Dubai a magnet for a diverse range of buyers.

Exceptional Growth and Investment-Friendly Policies
Dubai’s real estate prices have surged by 16.5% year-on-year, outpacing New York’s 8.1% growth and London’s modest 1.6%. High demand and limited supply in premium areas drive this growth, supported by investor-friendly policies such as visa reforms, zero property taxes, and the Dubai Economic Agenda D33.

The city’s strategic initiatives have solidified its reputation as a global hub for businesses, expatriates, and high-net-worth individuals. Mega infrastructure projects, economic diversification, and a growing expatriate population continue to fuel demand.

A Superior Lifestyle Offering
Dubai’s appeal extends beyond affordability and returns. Its safety, modern infrastructure, connectivity, and family-friendly environment make it an ideal choice for residents and investors alike. As a global travel hub with a favourable climate, Dubai provides a unique blend of lifestyle and investment opportunities.

In contrast, London and New York face challenges like high living costs, congestion, and affordability crises. Dubai’s proactive governance, stable economy, and forward-looking policies ensure investor confidence, setting it apart in a fluctuating global market.

Future-Proof Growth
Dubai’s real estate market is not only thriving today but is built for sustained long-term growth. The city’s leadership, robust demand from international investors, and focus on future-proofing its market position promise continued momentum, even as global real estate markets face uncertainties.

 


 

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