Metropolitan Premium Properties is a leading Metropolitan Group whose main activity is to provide services in the Dubai property market. The real estate agency is headed by Nikita Kuznetsov and was founded back in 2012. The firm is a licensed broker, who continuously tops the list of the best companies to work with according to the ratings of major developers including Meraas, Emaar, DAMAC, Dubai Properties and so on. The company is also a leading Russian-speaking Group, whose portfolio includes working with more than 50 experts.

Economic attractiveness of Dubai

Investing in real estate in the UAE is an informed choice based on the following facts:

2–4.2%

Austria and Germany

High rates of return

6–8%

The average ROI in 2022 constitutes from 6 to 8% per annum, while in European countries, this indicator ranges around 2 to 4.2%. Countries such as Austria and Germany can serve as an example.

Dubai

Transparent tax system when buying

At the same time, there are no usual expenses in Dubai that are associated with repairs and additional services.

When purchasing real estate in the UAE, the 4% DLD fee, small additional costs for paperwork at the conclusion of the transaction, as well as an annual fee of about 4-5% of the cost for the maintenance of the building are paid.

The policy of renting real estate established at the legislative level

The owner of the property does not have to pay income tax and additional VAT for utilities. All documentation is regulated and controlled by RERA and is legally protected.

The cost of real estate

The pricing policy in the country is regulated and controlled by the state.

In the UAE, there is an opportunity to buy real estate in any price segment: both in the budget segment, where you can find apartments for USD 70K, and the ultra-luxury real estate sector, where prices can reach several tens of millions of dollars.

For example, the average prices for real estate during the period from the beginning of 2022 to October, have risen by 9.2%. Apartments and villas registered a 8.5% and a 13% increase. Such an increase in prices is associated with the successful handling of the COVID-19 pandemic by the Dubai government. This also demonstrates a moderate increase in prices without too much fluctuation. For example, in the USA, where the increase in real estate prices in Q2 2022 amounted to 19.2%.

Purchase at the construction stage

In Dubai, real estate is built in around 2–5 years on average, from the moment the project is launched within the market.

During this time, developers manage to create favourable conditions for the purchase of property, for example, the deduction of 50% or the entire DLD tax amount, payment plans for the construction period and so on.

This is also beneficial for investors because the price of an off-plan property is reduced by about 20-30 % of the final cost after commissioning. In the future, the property can be resold at a higher price or rented out, ensuring a passive income.

Almost all tourist areas in the emirate belong to a freehold zone – Downtown Dubai, Palm Jumeirah, Dubai Marina, Business Bay. By purchasing an apartment, villa or other type of real estate in this area, you can dispose of the property completely at your discretion, e.g. from resale, to pass on through inheritance, rental or using it as a permanent residence.

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Real estate in Dubai can be purchased on a freehold basis (full ownership), as well as on a leasehold (a 99-year lease)

Developers of Dubai

The choice of a developer is a key factor when choosing a property in Dubai. A reliable developer guarantees the quality of the building, favorable terms of purchase and will adhere to the exact deadline for the completion of the project, if purchasing off-plan real estate.

Sobha Realty

Sobha Realty was established in 1976 and is one of leading developers in Dubai. It originally started out as an interior decorating company in Oman. Francis Alfred is the Managing Director and Chief Executive Officer at Sobha Realty. As of Q2 2023, the developer has more than 130 million sq. ft of ready projects in Oman, Bahrain, and India, in addition to the UAE, which illustrates its expertise and ongoing consistency in the real estate sector.

Sobha Realty was founded by the Indian-born billionaire, Puthan Naduvakkatt Chenthamaraksha Menon, also known as P. N. C. Menon. He has 50 years of experience in designing and developing stunning palaces and lavish facilities for royal members of Oman, Bahrain, Brunei, Qatar and the President of Tajikistan. P. N. C. Menon's portfolio also includes Sultan Qaboos Grand Mosque in Oman.

In 2022, according to The National, the company achieved its sales target of a whopping AED 10B (USD 2.7B), thanks to an array of successful releases, including Sobha One, Sobha SeaHaven and The S, among others. The latter sold out completely, having generated sales of AED 1.4B (USD 381M), as reported by Arabian Business in May 2023.

Such a tremendous performance is attributed to investors' strong confidence in the high quality of Sobha Realty's homes and strong demand for ultra-luxury property in Dubai. This year (2023), Sobha Realty expects its sales to skyrocket to AED 12B (USD 3.26B), fuelled by an expansion of population and inflow of overseas individuals. That said, in 2022, foreign investors accounted for 71% of all sales of the developer.

Emaar

Emaar Development is a division of the Emaar Properties company and is one of the most famous real estate development companies in Dubai. The organization develops popular communities such as Downtown Dubai, Emirates Living, Arabian Ranches and Dubai Marina.

Emaar Development has a high-quality land fund with a total area of 170 million sq.ft for development and sale in the UAE. The developer’s portfolio comprises more than 60 subsidiaries in 13 countries around the world.

In 2022, Emaar Properties demonstrated a steady performance with a nine month revenue of AED 18.9B (USD 5.1B), net profit amounted to AED 5.8B (USD 1.6B) and real estate sales in Dubai amounted to AED 26.9B (USD 7.3B).

Dubai Properties

Dubai Properties was founded in 2002. The real estate development and management company, located in Dubai, is part of the Dubai Holding Group with operations across 13 countries and 10 sectors of the economy. Dubai Properties' significant developments include the following projects:

Jumeirah Beach Residences – 40 high-rise residential buildings, 5 of which are hotels.
The Business Bay project, which received an award in the “Best Master Development“ nomination category at the Arabian Property Awards 2008 ceremony.
Dubailand project – apartments, townhouses, villas.

Dubai Holding is part of Dubai Properties, and is committed to the strong development of Dubai's non-oil economy in several sectors, including real estate, leisure and entertainment, design, hospitality, education, logistics, etc.

Meraas

The private holding company was founded in 2007 and has its headquarters located in Dubai. Meraas is one of the largest developers in the region, which creates not only world-class real estate projects but also master projects, due to Dubai's current position as the most preferred place for real estate investment worldwide.. In total, Meraas owns:

More than 80.7 million sq. ft of land for development and various development projects.
15 unique locations, of which 8 are on the coastline.
11 entertainment facilities with investments worth AED 18 billion (USD 4.9 billion).
Over 3,500 households in 5 districts.

The portfolio of the developer's leading projects includes Nikki Beach Residences, La Mer Maisons, City Walk Residences, Port de La Mer, Cherrywood, Bluewaters Residences, Bulgari Residences, Jumeirah Bay and many others.

Popular real estate projects

The following projects in Dubai are of the greatest interest to investors.

Palm Jebel Ali

Palm Jebel Ali is a man-made archipelago with 7 islands, nestled in the south of theJebel Ali Free Zone. Nakheel Properties is the master developer of the sensational project, which will be twice as large as the iconic Palm Jumeirah. According to a statement by Sheikh Mohammed’s office, the archipelago plans to house more than 80 resorts and hotels surrounded by breathtaking waterfalls and extensive verdant spaces.

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Sobha Estates

Sobha Estates is an ultra-luxury, gated 3-cluster community by the award-winning Sobha Realty. Nestled in the secluded Sobha Hartland II, the premium development is offering a limited selection of 5-bedroom villas in its first phase, whilst palatial mansions and 6-bedroom villas will be added in the second phase. The high-end residences are surrounded by stunning gardens and forest landscapes.

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Sobha One

Sobha One is a megaproject by Sobha Reality in Ras Al Khor Industrial Area 1. The complex will consist of 5 skyscrapers, varying in height from 30 to 65 storeys each. The first two towers – Tower A and Tower B – will consist of 1-4 bedroom apartments, including 1.5-bedroom residences and 2-4 bedroom duplexes. The total size of the residences range from 538 sq. ft to 2562 sq. ft.

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330 Riverside Crescent

330 Riverside Crescent is a luxury project by Sobha Realty. A stylish, 57-storey, 200 metre tall skyscraper, it will be built next to the crystal lagoon in Sobha Hartland II. The project features premium 1, 1.5 and 2-bedroom apartments with balconies, ranging in size from 495 sq. ft to 1130 sq. ft.

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Cavalli Couture

Cavalli Couture is an exclusive residential complex, created by DAMAC Properties, who is a world-famous developer. The complex will be designed by the fashion house of Roberto Cavalli and residents will get access to unparalleled spaces with amazing prints inspired by the sea and thoughtful details.

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DAMAC Bay by Cavalli

DAMAC Bay by Cavalli is a premium residential complex which is a joint venture between one of the most well-known developers in the UAE and the Middle East — DAMAC Properties, and the fashion house of Roberto Cavalli.

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Dar Al Arkan Pagani Tower

Dar Al Arkan Pagani Tower is a 19-storey premium development that will be located in the prestigious area of Business Bay. The developer of this magnificent complex is Dar Al Arkan Real Estate, whilst Horacio Pagani, the founder of Pagani Automobili, is responsible for its unique design.

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The Ritz-Carlton Residences

The Ritz-Carlton Residence is an ultra-luxurious development with a strategic location on the Dubai Creek. The stunning project offers a wide variety of real estate including 2 and 3-bedroom apartments, luxury penthouses, and an exquisite edition of 8-bedroom mansions.

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The Royal Atlantis Resorts & Residences

The highly anticipated residential development situated on the famous man-made Palm Jumeirah Island with unusual architecture and top-notch hotel service,

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Mr. C Residences Jumeirah

Living in Mr. C Residences Jumeirah, you will definitely enjoy privacy and exclusivity. This residential complex includes just 27 exquisite properties, developed by renowned architects and designers known all over the world.

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One Za'abeel

One Za'abeel by One & Only is a premium new development, located at the gate of Dubai International Financial Centre (DIFC), in Za'abeel 1, which is a sub-community of Bur Dubai.

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Six Senses The Palm

Six Senses Residences The Palm by Select Group is the first Six Senses hotel and branded residences in the Emirates. The complex, which was launched in Q1 2022, will be located in one of the most desirable places in Dubai; Palm Jumeirah.

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Five LUXE

Adorning the trending area of Jumeirah Beach Residence (JBR), FIVE LUXE comes as Dubai's third premium luxury development by FIVE Holdings. That being said, the branded complex will join the likes of FIVE Palm Jumeirah and FIVE Jumeirah Village Circle

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Chic Tower

Nestled in the thriving area of Business Bay, Chic Tower is a high-end development by DAMAC Properties, which will span across a total of 41 levels. It is set to become the next sensational landmark in the neighbourhood thanks to its extravagant design

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Safa Two

Safa Two is the exclusive residential project in the Al Safa area, which is branded by the Swiss luxury jewellery and watch brand, de GRISOGONO. The design of the luxurious building was inspired by the ruby gemstone.

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Port De La Mer

This is a new complex which offers luxury apartments right on the peninsula in the Jumeirah area. Pearl Jumeirah Island is nearby, while The Dubai Mall and the Burj Khalifa are both a 20-minute drive away.

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Palace Beach Residence

Located in a prime spot on the Emaar Beachfront, Palace Beach Residence is a stunning waterfront complex, which consists of two towers will comprise 29 and 42 storeys.

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Cavalli Tower

The residential complex has 70 floors and offers 1-4 bedroom apartments with large terraces, as well as a limited collection of "flying villas" with an area of 2,690 sq. ft.

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DAMAC Lagoons

DAMAC Lagoons is a community that will consist of 6,000 residential units in total. The focus of DAMAC Lagoons will be on aquatic entertainment

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Aykon City

Aykon City will consist of 6 high-rise buildings featuring residences and hotel apartments by AYKON Hotel & Serviced Residences and DAMAC Maison Hotels & Resorts, as well as commercial space.

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Popular districts

Location plays an important role when choosing a property, regardless of whether you are buying a property for investment or for permanent residence. The area in which your property will be located and the assessment of the surrounding infrastructure can affect the cost and the demand for real estate among potential tenants.

Business Bay

Business Bay is the business center of Dubai which is created by analogy with the districts of Manhattan in New York or Ginza in Tokyo. The area is part of the concept for the development of the global business center of the UAE. According to the plan, Business Bay will have 240 commercial and residential buildings located on an area of 2.3 sq. mi between the districts of Dubai Downtown and Al Quoz, along Dubai Creek and Dubai Canal. Business Bay is among the most attractive areas for buying and investing in real estate, according to data for 2022. The average return on investment is about 6 %, while the average price for a 1-bedroom apartment for sale constitutes AED 1.16M (USD 318K).

AED 1.16M (USD 318K)

average price

ROI

Dubai Marina

Dubai Marina is one of Dubai's most famous neighbourhoods, which is located between the waters of the bay overlooking Palm Jumeirah on one side and Sheikh Zayed Road on the other side. There are more than 200 multi-storey luxury housing buildings with some of the best restaurants, shopping malls, beaches and entertainment spots in the city. The area has a man-made canal with berths for yachts and access to the sea from both ends. All 10 neighbourhoods, including Jumeirah Beach Residences, are located on an area of almost 2 sq. mi. The potential return on investment in Dubai Marina can be about 7 %.

>200

luxury housing buildings

ROI

Dubai Creek Harbour

Dubai Holding and Emaar started this ambitious project as part of the larger Lagoons area on Ras Al Khor Road. Dubai Creek Harbour combines residential, commercial and office buildings, as well as all the necessary infrastructure, including the embankment, green areas and parking. The phased development takes place on a total area of 550 hectares, of which 7.5M sq. ft is given to squares and parks, and over 78.5M sq. ft of housing. The planned return on investment for interested investors will be up to 6% per year.

7.5M sq. ft

squares and parks

ROI