The UAE dirham has been pegged to the dollar since 1978 at the rate of $1 = AED 3.67. The absence of currency fluctuations protects the UAE economy from price spikes and capital flight.

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How to make money on real estate in Dubai

To rent an apartment in Dubai for short-term rent, investors often choose hotel units. The convenience of buying a hotel room is that the owner will not need to look for tenants, populate them and monitor the condition of the property. The entire rental business, from marketing to cleaning and handing over the keys, is taken over by the hotel. The yield of such objects is 6-12% per year.

Off-plan purchase and resale income

Property prices in Dubai are rising rapidly, so many people buy property under construction in order to sell it at the commissioning stage and capitalize on the difference in value.

The Dubai new build market is regulated by the escrow law: before the start of construction, the developer is required to put approximately 50% of the construction cost on an escrow account in the form of cash or in the form of certain bank guarantees. Further, the developer will be able to use these funds only after the project is completed by 50%. With the introduction of such regulation, the number of unfinished projects in Dubai has significantly decreased, which means that the risks of the investor have decreased: it is simply unprofitable for the developer to stretch the deadlines or “freeze” the project.