DUBAI
Dubai, read building by building
Dubai is the deepest, most liquid property market in the region, which is exactly why generic advice fails here. We cover it the way we trade it: area by area, building by building, with dated figures.
HOW WE READ DUBAI
Three things that decide the answer.
The market moves in cycles and by micro-location. An area average hides more than it shows, and two towers on the same street can sit a full percentage point apart on net return.
The number that matters is net yield after service charges, which is why our area files publish service charge bands alongside rents rather than quoting a gross figure and leaving you to discover the rest.
The AED 2,000,000 DLD-certified threshold ties property directly to the Golden Visa, so a purchase here is often a residency decision as much as an investment one.
AREAS WE COVER
Areas we cover.
In the write-up queue
IN PREPARATION
Jumeirah Village Circle
Gross yields 7 to 8.5% quoted; net lands nearer 5.8% after costs.Indicative
IN PREPARATION
Business Bay
6 to 7.5% gross quoted; service charges 12 to 25 AED per sq ft.Indicative
IN PREPARATION
Dubai Marina
6 to 7.2% gross quoted; net nearer 5% in worked examples.Indicative
IN PREPARATION
Downtown
4 to 6% gross; the highest service charges in the city.Indicative
We publish an area only when its figures are sourced and dated. That is why the list grows slowly.
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BUYING FROM HERE OR FROM ABROAD
Buying from inside or outside the UAE.
A UAE resident with a salary or a trading company can borrow up to 80% loan to value on a completed home. A non-resident buyer is generally looking at roughly 50 to 65%, at a higher rate and with a shorter list of willing lenders.
Buying remotely is normal here. It is done through a power of attorney, executed in your own country, apostilled and translated, naming the person who will sign at the Land Department on your behalf. Get the wording right the first time: a POA that omits a power is a POA you execute twice.