Dubai vs. London - Real Estate Version

Dubai vs. London - Real Estate Edition

1. Price Comparison for $1 Million:
• In Dubai, $1 million can buy a luxury apartment or a villa in a prime location.
• In London, the same amount fetches a smaller apartment, typically in zones 2 or 3.
2. Payment Methods:
• Dubai primarily uses bank transfers for real estate transactions.
• London offers more diverse options including mortgages, bank transfers, and lawyer-managed funds.
3. Amenities:
• Dubai’s properties often include amenities like swimming pools, gyms, and 24-hour security.
• London properties focus on location value, with fewer on-site amenities but proximity to cultural landmarks.
4. Tax Considerations:
• Dubai has no property tax, offering a tax-friendly investment.
• London imposes Stamp Duty Land Tax on purchases, with rates depending on property value and buyer status.
5. Transaction Times:
• Transactions in Dubai are relatively faster, often completed within a few weeks.
• In London, transactions can take longer, typically several months, due to legal and administrative procedures.

Join the Largest Real Estate Club in the World (LINK IN BIO) @RealEstateClub.