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The UAE real estate market is likely to pick up steam in the next years, having already experienced record-breaking growth since the fourth quarter of 2021. For instance, Dubai's real estate transactions last year more than doubled in value and broke the previous 12-year record.

There is no particular tax system in the United Arab Emirates for expats. Therefore, the region's policy of not taxing individuals also applies to expats living in Dubai, the largest city in the United Arab Emirates. There is no income tax or inheritance tax, nor is there a property tax on homes.

The Dubai property market is experiencing strong growth in Q2 2024. Sales volume, price per square foot, and total sales value have all increased significantly compared to last year. For more details, visit the DXB Interact Q2 2024 Report.

For those looking to invest in real estate, Dubai is a wonderland. The tax-free rental yields and the mature and transparent real estate market makes it easier for all buyers. Additionally, Dubai is the first Emirati city to permit expats and foreign citizens to purchase real estate there.

DXB Interact is an innovative platform designed to provide detailed insights into Dubai's real estate market. Our platform offers comprehensive data on property trends, transaction volumes, and market worth by area. By utilizing advanced analytics, we help users understand the nuances of the real estate market in Dubai, enabling them to make informed decisions. For more information, visit DXB Interact.

Yes, DXB Interact sources its data from Dubai Land Department and provides verified insights into Dubai's real estate market. Our commitment to accuracy ensures you get trustworthy information for your property decisions.

The average per square foot price for properties in Dubai ranges between AED 1,200 to AED 2,500 (USD 327 to USD 680), equating to approximately AED 12,917 to AED 26,910 per square meter (USD 3,515 to USD 7,287).

For detailed and up-to-date information on specific areas, you can visit DXB Interact's Dubai Property Prices per sqft page.

In Q2 2024, several areas in Dubai stood out for their exceptional performance. The top-performing areas include:

• • Dubai Marina: Known for its luxurious waterfront properties, Dubai Marina continued to attract high-end buyers and investors.
  • Palm Jumeirah: This iconic man-made island saw significant sales activity, particularly in luxury villas and apartments.
  • Jumeirah Village Circle (JVC): Offering affordable housing options, JVC maintained strong sales volumes.
  • Business Bay: A bustling commercial and residential district, Business Bay experienced high demand for both office spaces and residential units.
  • Downtown Dubai: Home to the Burj Khalifa and Dubai Mall, Downtown Dubai remained a prime location for real estate investments.

For more detailed insights, visit the DXB Interact Q2 2024 Report

Yes, DXB Interact is a reliable and trusted source for real-time real estate data in Dubai. Our platform aggregates data from Dubai Land Department (DLD) to provide accurate and up-to-date information.