Real estate investment in Dubai gains interest among investors based in Ekaterinburg: exploring the advantages.

In the ever-evolving world of real estate, two cities have recently captured the attention of Russian investors - Yekaterinburg and Dubai. Let's delve into the key factors that make these cities attractive destinations for property investment.

Yekaterinburg, the fourth-largest city in Russia, offers a stable market for one-bedroom apartments, with an average price of approximately 4 million rubles. The city's real estate market also presents an opportunity for rental income, with an annual return of around 304,032 rubles. However, it's worth noting that the long-term rental price averages at 25,336 rubles per month, and the yield on investment is estimated to be around 5%. It might take around 15 years for a one-bedroom apartment investment in Yekaterinburg to break even, considering the current market trends.

On the other hand, Dubai, a global city and business hub, is renowned for its favourable investment climate and high growth potential. The price range for a studio apartment in residential areas in Dubai is approximately 7-8 million rubles ($100,000). The surge in property purchases in Dubai, particularly in the first half of 2022, with a 79% increase compared to the same period last year, is a testament to its attractiveness.

The average property price in the bustling Downtown Dubai area is 9.8 million rubles ($160,000). The monthly rental income for an average property in this area is around 455,000 rubles ($7,700), and short-term rental yields can reach up to 12% per year. The UAE's appealing features, such as no income tax, only municipal fees included in utility bills, and its status as an attractive destination for tourism, living, and investing, contribute to the surge in property purchases.

For those considering investing in Dubai's real estate market, MIRA Real Estate and Engel & Völkers Middle East are companies that offer support and assistance to Russian investors. These companies help with communication with foreign developers, managing administrative matters, and provide assistance with settling in the new country, such as finding a kindergarten and school, obtaining a driver's license, securing a UAE resident visa, opening a bank account, and registering a company.

Moreover, Dubai's construction boom over the past few years has led to an increase in property options, making it easier for investors to find properties that suit their needs. Additionally, real estate purchases in Dubai can be completed remotely, including using cryptocurrency through companies like MIRA.

Lastly, Dubai's peaceful atmosphere and stability, along with its growing popularity among people from all over the world, including Russians, make it an appealing destination for those seeking a change of scenery. The UAE's continued growth and development offer promising opportunities for those looking to invest in real estate.

Real estate investment in Dubai gains interest among investors based in Ekaterinburg: exploring the advantages.