Dubai’s real estate market is attracting global investors due to its affordability and high return on investment (ROI). Despite a notable increase in property prices, Dubai remains more affordable compared to cities like London, Hong Kong, and Paris. The city’s multicultural environment and infrastructure developments have driven demand from both expat and local buyers. Dubai’s prime residential properties are nearly six times cheaper than Hong Kong and London, and about four times cheaper than Paris. Additionally, Dubai offers an attractive rental yield, with studio apartments yielding 7-10% and one-bedroom apartments up to 8%. Financing options through mortgages are also comparatively affordable, with lower interest rates than the global average. Overall, Dubai’s real estate market presents a promising opportunity for homebuyers and investors seeking affordability and high returns.
Read more at Are property prices in Dubai high for the average homebuyer? – Arabian Business