HIGHEST GLOBAL

PROPERTY APPRECIATION

Dubai was the No. 1 Global performer in 2023, outstripping the next best market by 3x. Knight Frank’s reveals a 17% year-on-year (YoY) increase in Dubai’s residential property market.

Broad economic data suggests Dubai has entered a more mature and sustainable growth phase, with a particular push for family homes with expats now choosing to "settle down" in Dubai. Villa prices have been increasing by 19.8 percent YoY and 7.6 percent quarter-on-quarter (QoQ) as the best performing property class. In particular, demand for larger villas in prime areas, supporting PENT INTERNATIONAL's development thesis.

The majority of analysts anticipate the real estate market will continue to perform well due to significant population growth and investment in the region. Attractive residential yields, an investor-friendly environment, including low transaction and rental income tax, a US dollar-pegged currency and zero income and capital gains tax, all support international flows into the sector.

HIGHEST GLOBAL ROI

Financial services provider Remitly has analysed Google search data from more than 164 countries to establish the top cities for expats. And taking the number one spot is Dubai thanks to its wealth of job opportunities, growing infrastructure and impressive education offering. The UAE government's proactive policies, such as extended residency visas for property owners and retirement visas, are adding further impetus to the market. Dubai is now also the top city in there world for visitor spending.

At the start of 2023, Dubai’s population topped 3.6 million for the first time, with the population forecasted to reach 5.8 million by 2040. The demand for luxury, modernised villas with added amenities is particularly on the rise, providing a ripe opportunity for growth and high returns on investment. Therefore, the timing for investment in Dubai's property market, especially the luxury villa segment, could not be better.