Investment from Russian buyers surged by 20% in 2024, driven by growing demand for luxury properties in prime locations such as Palm Jumeirah, Downtown Dubai, and Dubai Marina. Meanwhile, Chinese investors also increased their stakes in the market, contributing to a 15% rise in high-end property acquisitions.
This trend underscores the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) nations in Dubai real estate sector, with foreign capital inflows continuing to strengthen.
BRICS Influence on Dubai’s Property Market
A recent real estate market report highlights that Chinese and Russian investors are emerging as dominant players in Dubai’s luxury real estate sector. Several factors contribute to this trend, including Dubai’s investor-friendly tax policies, advanced infrastructure, and geopolitical stability.
Projections indicate that the combined market share of Chinese and Russian investors will exceed 30% in 2025, reinforcing the significant role of BRICS nations in the UAE’s property market. Strengthened economic ties between the UAE and these countries have simplified investment processes, making Dubai an increasingly attractive destination for international buyers.
Golden Visa Program Boosts Foreign Investments
One of the major catalysts behind the surge in Chinese and Russian investments is the UAE’s Golden Visa program. By offering long-term residency options, this initiative has provided foreign investors with both financial security and attractive real estate opportunities. The program continues to be a key factor in Dubai’s appeal to high-net-worth individuals from BRICS nations.
China’s Expanding Presence in Dubai Real Estate
China has now become the third-largest foreign investor in Dubai’s property market, following the UK and India. In 2024, property purchases by Chinese nationals increased by 15%, with a particular focus on high-end developments.
While traditionally drawn to luxury high-rise apartments, Chinese investors are now diversifying their portfolios by acquiring premium villas and waterfront properties in exclusive areas such as Palm Jumeirah and Emirates Hills.
Russian Investors Seek Stability Amid Global Uncertainty
Russian investors, on the other hand, are actively acquiring larger properties with high rental yields, viewing Dubai as a stable investment destination amidst global economic fluctuations. The demand for spacious, high-value properties continues to grow as Russian buyers seek both long-term security and attractive returns on investment.
Market Growth and Future Projections
With demand surging, Dubai is expected to deliver approximately 28,700 new villas by 2025. Additionally, long-term forecasts suggest that between 37,600 and 87,700 new housing units will be required by 2040 to accommodate the emirate’s growing population.
Prime locations such as Palm Jumeirah and Emirates Hills have already witnessed property price increases of 10-12% over the past year. Despite these rises, Dubai’s real estate market remains competitively priced compared to global hubs like London and New York, ensuring continued interest from international investors.
Source: https://www.arabianbusiness.com/industries/real-estate/chinese-and-russian-investors-dazzled-by-dubai-real-estate-market
