Although Argentina and dubai are separated by more than 14,000 kilometers, Latin Americans are interested in investing in the United Arab Emirates. The tourist boom evident in the city and the projects for skyscrapers and high-tech buildings have made it a magnet for investors in recent years.
dubai has a juicy real estate market which is growing by leaps and bounds thanks to the facilities available to foreign investors, both tax and visa. “In addition to the beauty and modern proposals that characterize dubai“The main interest of investors is securities and financing with 0% interest in off-plan proposals,” said Vanina Molina, CEO of Thorne Global Real Estate. That is to say, well properties are an attraction for those who want to buy a property as income.
“Argentines are becoming more and more encouraged, seduced by the prices, the financing and also by the facilities offered when making payments,” added Molina, an expert in the area.
How much does an apartment cost in Dubai
Property prices in Dubai are on the rise. According to the real estate platform Properstar, the average square meter of the most luxurious apartments is around US$6,500. The mid-range ones have an average price of US$4,500. Modern one- or two-bedroom apartments with good views are among the most sought-after properties to buy as an investment.
Russians and Europeans top the list of buyers most interested in this market. The war with Ukraine strengthened the interest of Russian ultra-millionaires in dubaiwho buy super luxury apartments and mansions. But there is also a portion of Latinos, made up of Colombians, Argentines and Chileans, who set their sights on the real estate proposals of the place.
“The most popular options are the finished properties that can offer immediate income, in areas such as JVC or Ajman (both in Dubai) that offer affordable values and turn out to be highly sought after by young resident couples, so the income is sustained,” said Molina. .
But there are also other neighborhoods that are gaining followers due to their cultural and educational proposals. “Latinos, especially Argentinians, always look for specific, well-known and marketable areas, it is a characteristic of Latinos. In Dubai the most searched are Downtown, Dubai Marina, JBR (beach area) and The Palm. Although now the areas of the new casinos are being added in full development,” explained Fabián Parolari, an international real estate broker specialized in Dubai.
What is the profitability of renting a property?
The average ticket for properties purchased by foreigners is around US$300,000. “The average profitability can be 8% annually, taking into account that the determining factor for this return is that taxes are not paid on the assets or on the income generated,” Molina clarified.
“If you always look in good areas, since there is no real estate tax, the return is between the estimated 6 to 7%. The hotel fund is also widely used for the investor, which is simpler to manage and the return is very good, where one It does not worry about management and operation,” explained Parolari.
As for rents, to have a reference, a studio-type property is around US$1,000 per month. Prices are on the rise, with figures growing 15% year-on-year.
What is the property purchasing process like?
The purchasing processes are very accessible and are designed to facilitate investment, the entire process can be done remotely, without the investor having to travel. “Not having applicable taxes on assets or income generated is undoubtedly a differentiator that boosts the ROI of the investment; in addition to this, it is good to highlight that the United Arab Emirates, not just Dubai, are in a process of constant investment in infrastructure, routes, highways, extension of its metro lines, modern alternatives such as flying taxis that are already announced for 2026 that make this city a new paradigm of life,” Molina highlighted. “It is a safe and prosperous place that is increasingly chosen not only for fiscal reasons, but as a place to live and project,” he concluded.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
