Buying a property in Dubai or London…which is better?

Buying a property in Dubai or London is one of the most important.

inquiries of customers and investors wishing to own real estate.

Because these two cities have important advantages.

and real estate attraction factors.

First – Buying a property in London:

• London is the capital of the United Kingdom.
• It has many features that make.
• it a leader in the global real estate market.
• London real estate prices are very high compared to.
• real estate prices in other European cities.
• The price of a small property in London starts.
• from 359,748 pounds sterling, equivalent to 458.56 dollars.
• It exceeds $20 million in some areas and neighborhoods of London.
• The process of buying a property in London is somewhat
• complicated and requires many conditions for foreigners.
• Property taxes are high in London compared to.
• property taxes in Dubai.
• The tax system in Britain is divided according to.
• neighborhoods and regions.
• Some property taxes in London are up to 12% of.
• the property value.

Second – Buying a property in Dubai:

• Some see Dubai as the capital of the world.
• It brings together all Arab and foreign nationalities and various.
• religions, sects and beliefs live there.
• Dubai is considered a meeting place of world cultures.
• The Emirates of Dubai offers many incentives and facilities to.
• foreigners who wish to own real estate there.
• Real estate prices in Dubai are relatively acceptable.
• The average price of a property in Dubai is lower than the average.
• price of a property in London.
• The conditions for purchasing a property in Dubai.
• for foreigners are simple and possible.
• The tax system in Dubai is flexible and real estate taxes are reasonable.

Buying a property in Dubai

Comparison between buying a property in Dubai and buying a property in London:

• There are several factors that presented themselves.
• as preference factors. Between Dubai and London in terms.
• of real estate ownership and investment are:

1-Mature and stable market:

• According to the British Bureau of Statistics
• London property prices have witnessed
• A decrease of 0.1% in 2023.
• As for the Dubai real estate market, although.
• it is a small market compared to the London market.
• However, the emirate has witnessed significant growth since.
• the beginning of the third millennium.
• The world observed a noticeable expansion in Dubai.
• real estate in 2023.
• The increase in the value of real estate transactions reached 36.7%.
• Compared to the year 2022, whose transactions increased by.
• about 33.8%.
• The Dubai Land Department also revealed a total.
• of 116,116 real estate transactions.
• With a value of 429.67 billion UAE dirhams in that period.
• This growth in real estate deals is due to Dubai’s global status.
• In addition to its flexible infrastructure and commitment.
• to its continuous development.

2-Regulatory environment:

• The London real estate market is dominated.
• by strong and transparent regulation work.
• Due to having long real estate ownership rights.
• Non-residents have the ability to purchase real estate.
• without restrictions on resale.
• On the other hand, the Dubai real estate market.
• environment is a friendly regulatory environment for investors.
• It works to overcome the obstacles facing them
• New laws have resulted in Dubai.
• In exchange for issuing long-term visas to real estate investors.
• Enacting a 100% foreign business ownership law.
• To contribute to increasing the attractiveness.
• of Dubai as an investment destination.
• Such decisions help raise the real estate market in Dubai.
• And enhance its local and global position.

3-Economic factors:

• Britain is one of the world’s largest economies.
• It leads the real estate market through the factors.
• of economic growth, population increase, and urbanization.
• The London real estate market had recovered.
• after Britain’s exit from the European Union.
• On the other hand, Dubai is an economically prosperous.
• city due to investment
• Which included all vital, commercial, economic and life sectors.
• Dubai Plan 2040 aims to transform the city into a global.
• commercial center and an international pillar.

4- Neighborhoods and real estate types:

• London has a variety of properties such as historic Georgian houses.
• In the Chili neighborhood of the British capital, in addition.
• to the modern apartments in Canary Wharf.
• As for Dubai, it offers a different, distinctive.
• and luxurious architectural style.
• Among the types of Dubai real estate are studios.
• apartments, independent houses, and penthouse apartments.
• In vital locations such as Palm Jumeirah in central Dubai.
• the Marina area, and others.

Buying a property in Dubai

5-The theory of supply and demand:

• London is facing a decrease in demand for its properties.
• and an increase in supply.
• While Dubai is witnessing an increasing demand for.
• owning real estate there, especially in new projects.
• Which contributed to the prosperity of the Dubai real estate.
• market in recent years.

6-Taxes:

• Dubai real estate is clearly ahead of London real estate.
• in terms of income tax.
• The tax in Dubai is 0% and there are no property taxes and.
• capital gains tax.
• London imposes taxes ranging from 10% to 18% on capital gains.

7-Cost of living:

• Despite the high cost of living in Dubai if we compare.
• it to many Arab cities.
• However, it is considered much lower and more reasonable.
• than the cost of living in the British city of London.

8-Rental return:

• The average rental yield in the London real estate market is 5%.
• The average rental return in Dubai reaches 9%.

9-Infrastructure:

• Dubai is superior to London in terms of infrastructure.
• Dubai is almost a completely new city
• Unlike many buildings in London, which are considered historic.
• old and heritage to a large extent.
• Over the past two decades, Dubai has also been able to.
• expand its roads and increase means of transportation.
• With the enhancement of service facilities, such as.
• hospitals, schools, malls, and entertainment venues.

10-Cultural diversity:

• The UAE city of Dubai witnesses much higher cultural.
• diversity than London.
• The percentage of foreigners in Dubai is greater than.
• the percentage of local citizens, unlike the British capital.
• Which imposed cultural, ideological, and social diversity at all levels.

Which is better, buying a property in Dubai or buying a property in London?

• In this article, we presented clear comparisons between.
• the Dubai and London real estate
• Choosing the most appropriate market is up to.
• the real estate investor’s choices.
• However, we at the Golden Investment Group.
• believe that the Dubai real estate market is the best
• We recommend it over the London real estate market
• of its advantages and attractions.