Investor Guide · Ireland
Investing in Dubai from Ireland
Why Ireland invests in Dubai
Dubai has become a booming metropolis in the last decade. Progressive government initiatives, favourable property laws, strong infrastructure investments, and numerous economic diversification policies have turned Dubai real estate into a top draw for international investors, including those from Ireland.
While Ireland’s housing supply shortage and exorbitant property prices continue to deter local investors, Dubai property presents a lucrative alternative.
With a dynamic real estate market driven by high-net-worth individuals and new mega projects (10,000 new units added in Q1 2024 alone) underway, investor confidence couldn’t be stronger.
Ireland's domestic property market recovered somewhat in 2024, following a few years of general economic stagnation.
Although some of the smaller city regions recorded more growth, Dublin real estate appreciated by just 3% in 2024. Market analysts cited the lack of stock as a source of upward pressure on housing prices, but a negative overall to the market as it did constrict sales.
High inflation and increased mortgage rates on loans are also having a dampening effect. In April 2024, data showed only 72,800 units had been bought and sold over the past 12 months.
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Furthermore, there has also been stagnation in rental yields with investors recording no growth in rents over the past 12 months.
Dubai property prices average $367.82 per sq.ft., significantly less than Dublin, where city centre properties average $750.20
Dubai, like Ireland in the early 2000s, is experiencing its own golden age. However, to prevent another property bubble and subsequent crash, the UAE government has implemented stricter regulations and measures to maintain steady growth and avoid speculative investing. These include prudent mortgage regulations, monitoring supply and demand, and continued investment in infrastructure projects.
Additionally, with a maturing economy, tax-free environment, and increasing initiatives to attract foreign investors, Dubai’s real estate market success is set to continue.
This is now the third year of double-digit growth in Dubai's third growth cycle - a cycle set to be more stable and strong than in the past.
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