The Dubai Land Department registered over 34,000 real estate transactions in the first quarter of 2024. This is a 20% increase compared to the same period last year. The average villa prices in the emirate rose by 11–38% from January to March 2024.
Real estate prices in Dubai depend on demand and increase annually.
According to the Bayut portal, properties with the highest yields in the emirate are located in the following areas:
Buying real estate in Dubai is one way to obtain residency in the UAE. A residency visa will be issued for 2 years upon purchasing a property worth at least $204,000, while a golden visa for 10 years is granted for purchasing property worth at least $545,000.
According to the media, the UAE has simplified the procedure for obtaining ID cards for new residents. Applicants no longer need resumes and photos. Payment for card issuance fees or passport production can be made using Apple Pay and Google Pay.
Properties in the most popular areas of Dubai are sold out within hours after sales start.
For detailed information and advice on investing in Dubai real estate and obtaining resident status, contact the experts at Mercury Group.
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