Yes, according to UAE law (Law No. 26 of 2007), citizens of other countries can rent out their property. Renting can be done independently or with the assistance of a licensed company.
With a long-term lease, you can expect an annual income of approximately 8% of the property’s value. However, if you opt for short-term rentals, you can earn up to 15% of the property’s value annually.
As of Q2 of 2024, the average cost of an apartment in Dubai is about $. Depending on the neighborhood of Dubai, prices can range from $150,000 to $ $450,000 and from $350,000 to $700,000 by the sea and beaches.
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