Dubai’s luxury real estate market continues to attract high-net-worth investors, and in 2024, Chinese and Russian buyers have solidified their position as major players. Investment from these two nationalities surged by 15% and 20%, respectively, reflecting a growing appetite for prime real estate in Dubai.
According to MILK Real Estate, Chinese and Russian investors will account for 30% of all property purchases in 2025, driven by Dubai’s tax-free environment, high rental yields, world-class infrastructure, and long-term residency incentives. This trend underscores Dubai’s standing as a global real estate powerhouse, offering luxury homes, branded residences, and high-end apartments that remain competitively priced compared to cities like London, New York, and Hong Kong.
The BRICS Factor: Why Dubai Is a Top Investment Destination
Dubai’s growing economic ties with **BRICS nations—Brazil, Russia, India, China, and South Africa—**are making it easier for investors from these markets to acquire exclusive properties. The UAE Golden Visa programme, which provides long-term residency for property investors, has been a key driver of foreign demand, particularly among Chinese and Russian nationals.
- Chinese investors: now the third-largest group of foreign buyers in Dubai after the UK and India—are expanding their focus beyond high-rise apartments. There is increasing demand for luxury villas, waterfront residences, and branded developments in sought-after locations like Palm Jumeirah, Jumeirah Bay Island, and Emirates Hills.
- Russian investors: are securing larger, high-yield properties with strong capital appreciation potential. Areas such as Downtown Dubai, Dubai Marina, and Jumeirah Golf Estates are witnessing a surge in demand from Russian buyers seeking trophy assets and luxury second homes.
Dubai’s Luxury Property Market: Supply vs. Demand
With demand for luxury real estate at an all-time high, MILK Real Estate reports that prime locations such as Palm Jumeirah and Emirates Hills have seen price increases of 10-12% in the past year. However, despite these rises, Dubai remains more affordable than other global luxury markets, with properties offering strong ROI, attractive payment plans, and no property taxes.
To accommodate this surging demand, 28,700 new villas are expected to be completed by 2025, yet long-term projections suggest Dubai will need between 37,600 and 87,700 additional housing units by 2040. With limited supply in ultra-prime areas, off-plan developments and ready-to-move-in homes are becoming increasingly attractive to investors looking for high-growth potential.
Why Now Is the Time to Invest in Dubai
With Chinese and Russian investors leading the charge, Dubai’s ultra-luxury real estate market is poised for another record-breaking year. Whether you’re looking for a penthouse with Burj Khalifa views, a waterfront mansion, or a branded residence in a five-star development, Dubai continues to offer unmatched investment opportunities in one of the world’s most dynamic real estate markets.
Explore Dubai’s finest luxury properties with MILK Real Estate—your trusted brokerage for exclusive, high-value investments. Contact MILK Real Estate today to discover the best opportunities in Dubai’s thriving luxury property market.
