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Approximately 89% of Dubai’s residents are expatriates, and rental agreements are typically signed for a full year. According to data from the Dubai Land Department (DLD), the number of rental contracts signed in the first half of 2022 increased by over 3,000 compared to the same period in 2021 (from 302,235 to 307,234).
Dubai offers profit repatriation and exempts many common taxes, such as income tax and VAT. The city also provides streamlined and fast procedures for obtaining visas, trade agreements, business registrations, and permits.
Between June and August 2022, Dubai welcomed 9.02 million international tourists — nearly three times more than in the same period in 2021 (3.54 million). Russia ranked fifth globally in terms of tourist arrivals. In the first eight months of the year, 397,000 Russian citizens vacationed in Dubai — a 68% increase compared to the same period in 2021.
The UAE maintains a strong and steadily growing economy. The government’s focus on diversification ensures positive long-term forecasts, making the country economically attractive for investors.
Companies from over 140 countries have established offices in Dubai, driving strong interest in commercial properties.
UAE real estate sector is structured and government-regulated. Both property owners and tenants are legally protected, providing a secure investment environment.
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