Top 10 Nationalities Buying Property in Dubai in 2024
Dubai continues to attract savvy real estate investors from around the globe. In 2024, property buyers in Dubai came from diverse nationalities—but some groups stood out. Let’s explore the top 10 nationalities buying property in Dubai last year.
1. India (~20% of purchases)
Indian investors led the pack in 2024, accounting for roughly 20% of real estate transactions. This trend stems from strong cultural ties, high rental yields in areas like Dubai Marina, and favorable exchange rates.
2. United Kingdom (~12%)
British buyers contributed around 12% of investments, drawn by Dubai’s tax advantages, favorable legal environment, and luxury lifestyle. Some reports highlight peaks of 23% in specific quarters.
3. Pakistan (~10%)
Pakistanis grabbed a significant share, roughly 10%, aided by flexible payment plans, proximity, and strong existing expat links. Estimates suggest they own properties worth about $11 billion in Dubai.
4. China (~6–8%)
Chinese nationals represented 6–8% of market share, focusing on upscale areas like Business Bay and Dubai Creek Harbour—driven by trade ties and solid growth prospects.
5. Russia (~8.9–12%)
Russian investors accounted for between 8.9% and 12% of property purchases, incentivized by financial security and tax-free status.
6. France (~1.4–7%)
French buyers accounted for 1.4–7% of transactions, particularly in elite enclaves such as Palm Jumeirah and Emirates Hills.
7. Lebanon (~7–12%)
Lebanese investors were among the top Arab contributors, with shares ranging from 7% to 12%, driven by Dubai’s stability and investment appeal.
8. Canada (~2.8–4%)
Canadian nationals made up 2.8–4% of purchases, targeting enclaves like Downtown Dubai and Dubai South for their high returns and innovative infrastructure.
9. Saudi Arabia (~7–11%)
Saudi investors remain key GCC contributors, estimated at 7–11%, attracted by Dubai’s tax-free model compared to Saudi VAT
10. Italy, Turkey, Germany, Netherlands, USA (~1–4%)
A diverse group from Europe and North America—Italy, Turkey, Germany, the Netherlands, and the USA—each held a small yet rising presence, usually accounting for 1–4% of transactions
Why Investors Choose Dubai
- Tax Advantages: No property, income, or capital gains tax—ideal for maximizing investment returns.
- High Rental Yields & Global Connectivity: Locations like Dubai Marina and Downtown offer impressive returns coupled with excellence in transport and international access.
- Golden Visa Program: Encourages long-term residency and investment by offering 5- to 10-year visas.
- Safe, Stable Environment: Dubai’s security, robust governance, and lifestyle magnetism—especially for high-net-worth individuals—keep drawing global buyers.
Final Takeaways
Dubai’s real estate market in 2024 was truly global:
- Top buyers: India, UK, Pakistan, China, and Russia.
- Strong growth: Investors from Europe, North America, and GCC continue expanding their footprints.
- Why it matters: High returns, taxpayer-friendly policies, lifestyle prestige—and programs like the Golden Visa—make Dubai a top choice for property investment.
