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For a long time, Dubai was seen as a stopover or a holiday destination. That’s changed. Between 2014 and 2024, Dubai’s millionaire population has more than doubled. Up 102%, according to Henley & Partners, this is one of the steepest rises of any major city.
So why are buyers considering Dubai property? Here are the four reasons that come up most.
Rental demand.
Long-term tenants and holiday guests both keep this market busy. A steady flow of global tech and finance professionals adds to that demand. Rental yields of 7-10% are commonly cited, though they vary a lot by area, building and how you let the unit.
Tax benefits.
The UAE levies no personal income tax and no capital gains tax. Taiwan may still tax income from an overseas property. Ensure you speak to your adviser before making any decisions.
The currency.
The UAE Dirham is pegged to the US Dollar, so buying property in Dubai is effectively an investment in a resilient, dollar-backed asset. Residency.
Property worth at least AED 2 million can make you eligible to apply for a 10-year Golden Residency. It can extend to three generations of your family and opens up access to healthcare and international schools.
Why DAMAC?
DAMAC is one of Dubai’s top developers. It has built a strong presence, especially in the luxury residential market. It is known for its design and for delivering properties on schedule. Its recent sales figures have repeatedly set records. This developer has opulent developments across some of the city’s most desirable locations. DAMAC is best known for contemporary projects, from city apartments to large villa communities.
Three DAMAC developments we are showing
DAMAC District: an accessible entry point
If you are looking for a smaller first purchase in Dubai, DAMAC District is the one to consider. It sits within a wider community with different retail outlets and businesses nearby. Ensure you work out the full numbers first: price, expected rent and running costs.
Safa Gate: central location
Situated on the desirable Sheikh Zayed Road, Safa Gate is near Safa Park. This development is central, with business and shopping districts nearby. Safa Gate’s central location makes it an ideal choice for professionals seeking a convenient commute.
DAMAC Islands / DAMAC Islands 2: the multi-generational villa option
These are the two villa options. Buyers and homeowners benefit from water features, landscaped grounds and family-focused amenities. These facilities make DAMAC Islands / DAMAC Islands 2 a fitting choice for a family home, a second home or a possible relocation.
Who looks after my Dubai property?
Many overseas property buyers struggle with this question.
Imagine a guest messaging at 11 pm Dubai time because the door code isn’t working. That’s 3 am in Taipei.
Short-term lettings, such as listing on Airbnb, are great. This only works if someone handles it seamlessly: guests, cleaning, maintenance, check-ins.
This is what we are here for.
Benham and Reeves has been a leading name in the London property market for over 65 years. We run 21 direct London branches and 11 international offices. That includes our own Dubai office, which holds an official Dubai property sales licence and handles sales, lettings, management and furnishing. We also handle short lets. Our Taipei 101 team is your local contact before and after you buy.
Join us in Taipei
Our upcoming Dubai Property Investment Seminar in Taipei is scheduled for 30 and 31 October from 2 pm to 4 pm. An official DAMAC representative will join our team.
Bring your questions:
What should you consider before investing in Dubai property?
How do you compare purchase costs, funding options and ongoing ownership expenses?
And which developments could be suitable for your individual investment objectives?
Date: 30 and 31 October 2026
Time: 2 pm–4 pm
Location: Taipei
Venue: Taipei (details provided on RSVP)
Register here to secure your place
Going to Dubai? Let us know. We can often arrange a property tour while you’re there.
Can foreigners buy property in Dubai?
Yes, they can in designated freehold areas. The specific ownership rights and conditions depend on the property and location. Confirm the terms before buying.
Is buying property in Dubai tax-free?
Not really. The UAE does not levy personal income tax, but buying still involves costs. Your home country’s tax rules may still apply. Consult your tax advisor before investing.
How do I apply for the Golden Residency through property investment?
Investing in qualifying Dubai property worth at least AED 2 million makes you eligible for a 10-year Golden Residency. This is subject to the applicable requirements and approval process.
Who manages my property when I am abroad?
Our Dubai team can handle property management and lettings, including listing management, guest communication, cleaning, maintenance and ongoing support.
