The inclination of Indian investors has now increased rapidly towards the real estate market of Dubai. According to the report, investment by Indians in Dubai has doubled in the year 2024 as compared to last year. Due to skyrocketing prices in metropolitan cities like Mumbai and Delhi, people are now preferring to buy property in Dubai, where better facilities and higher rents are available at lower prices.
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See in figures how investment of Indians increased
In the year 2023, the share of Indians among foreigners buying houses in Dubai was 12%, which has increased to 22% in 2024. Overall this investment has reached about Rs 8.61 lakh crore (35 billion dirhams). According to experts, this pace will continue in 2025 also and the share has crossed 23%. Reports from Knight Frank India and Betterhomes also confirm this. Due to strengthening of Dirham against Rupee, investors have got a gain of 7-8% in the currency.
What is the difference in prices between Mumbai-Delhi and Dubai?
The price of a good flat in Mumbai’s Bandra or posh areas of South Mumbai and Delhi has now crossed Rs 3 crore to Rs 5 crore. Whereas in Dubai, a house with international level facilities is available for Rs 2.5 crore to Rs 3 crore. On a per square foot basis, many areas in Dubai are 30-50% cheaper than Mumbai. Dubai is also ahead in terms of rental yield.
Details India (Mumbai/Delhi) Dubai Flat Price Above ₹3-5 Crore ₹2.5-3 Crore Rental Income (Rent) 2-3% 6-10% Tax (On Rent) Taxes Applicable 0% Tax
Big discounts on visa and tax
A major advantage of buying property in Dubai is visa. If you invest around Rs 45 crore (2 million dirhams), you get a 10-year ‘Golden Visa’. For small investors, they get a 2-year visa by investing around Rs 1.7 crore (7.5 lakh dirhams). Additionally, there is no ‘capital gains tax’ on selling property in Dubai, whereas in India it is a huge expense. Institutions like DLD and RERA protect the money and register the transactions here, due to which there is no fear of fraud.