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Comparison of real estate markets in Dubai, Abu Dhabi and Ras Al Khaimah

08.10.2023

The UAE is an amazing place with a variety of opportunities for investors. Each of the emirates has its own characteristics and attractive factors that should be taken into account when choosing.

🏢 Abu Dhabi:
Abu Dhabi is the capital of the UAE and offers unique investment opportunities. This emirate aims to become an educational and cultural center focused on family living. New museums are planned to be built here, such as TeamLab Phenomena Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi. And there are also major entertainment centers such as Warner Bros World and the Yas Waterworld water park. Abu Dhabi is also known for its Formula 1 racing competitions and plans to build the largest artificial wave complex in the world Surf Abu Dhabi and a 220 km velodrome.

🌊 Ras al Khaimah:
The main feature of Ras al Khaimah is the planned casino, which will be the first and so far the only one in the Middle East. This emirate also strives to develop the resort sector and build world-class resorts, including cooperation with the developer Aldar and Nikki Beach Global.

🌆 Dubai:
Dubai is the financial and economic center of the Middle East. It is known for its tall skyscrapers, luxury hotels and shopping. Dubai authorities are actively developing tourism and entertainment industry, which leads to a high demand for rental real estate. Dozens of large megaprojects are concentrated here, such as Burj Khalifa, Palm Jumeirah, Dubai Marina and much more.

A few numbers:

Average cost of sq.m., $ Real estate price growth*, % Property tax, %
Dubai $4,900 16.9% 4%
Abu Dhabi $3,000 1.5% 2%
Ras al Khaimah $1,500 4 2%

* — for the first half of 2023.

Each of these emirates offers its own unique opportunities for investors. When choosing, it is worth considering your goals and preferences in order to make the right decision. If you have any questions or need help in choosing, please contact us! 🏢🌇🌆

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