High demand from expatriates and professionals make the Emirates attractive for investors. But remember: Dubai’s property market has also seen downturns.
Dubai’s real estate market at present is offering rental yields of around 8 percent.
For 42-year-old businessman Aaditya Vyas, purchasing a property in Dubai felt like a natural next step after over a decade of living in the UAE. He feels that Dubai offers a blend of world-class infrastructure, and a vibrant, cosmopolitan lifestyle.
Vyas and his wife bought a townhouse in Damac Hills 2, which is on the outskirts of Dubai city. “Our main focus was finding a family and pet-friendly community,” he says.
Vyas made his first property investment in India in 2016, followed by Dubai in 2022. Capital appreciation in Dubai has already far exceeded Vyas’ expectations, compared to the Indian property.
The icing on the cake, according to him, has been the favourable currency appreciation, which has further boosted the value of the investment. Dubai’s real estate market, at present, is offering rental yields of around 8 percent.