A Sri Lankan Perspective on Investing in Dubai Real Estate

The increasing interconnectedness of the global economy has spurred investors worldwide to look beyond their domestic markets for opportunities to grow their wealth. Real estate, a tangible and often appreciating asset, has long been a favored avenue for such diversification. For Sri Lankan investors, who have historically shown an inclination towards overseas properties in nations like Australia, Canada, and the UK 1, a new and potentially more lucrative destination is emerging on the horizon: Dubai. This burgeoning metropolis in the United Arab Emirates has rapidly transformed itself into a global hub for property investment, fueled by a dynamic economy, architectural marvels that pierce the skyline, and a lifestyle that epitomizes luxury.1 With monthly real estate transactions frequently exceeding USD 1.5 billion, Dubai's market activity is a testament to its robust appeal.1

Several compelling reasons are drawing the attention of Sri Lankan investors towards Dubai's real estate sector. The potential for significantly higher rental yields, averaging between 6-7% annually in Dubai compared to a modest 1-3% in Sri Lanka, presents a strong financial incentive.1 Furthermore, the favorable exchange rate between the Emirati Dirham (AED) and the Sri Lankan Rupee (LKR) offers a degree of stability amidst global economic uncertainties, making investments more predictable.1 Beyond financial returns, Dubai also offers the prospect of long-term residency through its various investor visa programs, adding another layer of value for those seeking international opportunities.1 This comprehensive guide aims to provide Sri Lankan investors with the essential knowledge to navigate the Dubai real estate market effectively, covering everything from the fundamental drivers of investment and current market trends to the intricacies of legal frameworks, financing options, and the practical considerations of investing in this vibrant city.

The Dubai Real Estate Advantage: Key Investment Drivers

Dubai's allure as a prime real estate investment destination stems from a confluence of robust economic factors, its strategic global positioning, and an exceptionally attractive lifestyle. The emirate has successfully diversified its economy, significantly reducing its reliance on oil revenues, which now constitute less than 1% of its GDP. Instead, key sectors such as wholesale and retail trade, transport and logistics, and a thriving finance industry are the primary engines of its economic growth.3 This diversification has underpinned consistent GDP growth, with the economy expanding by 3.1% in the first nine months of 2024, reaching an impressive AED 339.4 billion.4 Looking ahead, the International Monetary Fund (IMF) projects a strong average annual economic expansion of 5% for the UAE in 2025, signaling continued stability and potential for further growth.5 This economic strength has earned the UAE recognition as one of the world's most economically stable nations, consistently ranking at the top of global indices, which in turn fosters a high degree of investor confidence.6

Beyond its economic fundamentals, Dubai's strategic location at the crossroads of major global trade routes provides a significant advantage. The city boasts world-class infrastructure, consistently ranking among the top globally for the quality of its facilities, which are crucial for attracting and supporting international business and investment.10 Its ports and airports are among the busiest worldwide, serving as vital links that seamlessly connect markets across Asia, Africa, and Europe.14 Furthermore, Dubai has cultivated a highly business-friendly environment characterized by minimal bureaucratic hurdles, a favorable tax regime, and a transparent governance system, all of which are key factors in attracting global businesses and substantial foreign investment.7

The lifestyle that Dubai offers is another major draw for investors and residents alike. The city is replete with world-class amenities, including luxurious resorts, an extensive array of high-end shopping malls, a diverse and sophisticated culinary scene, and a vibrant nightlife that caters to a wide range of tastes.14 Importantly, Dubai is also consistently ranked among the safest cities in the world, providing a secure and peaceful environment for both living and investing.1 This sense of security, coupled with its multicultural environment, where over 200 nationalities coexist harmoniously, makes Dubai an exceptionally attractive place for individuals and families from around the globe.1

Decoding the Dubai Property Market: Trends and Forecasts (2024-2025)

The Dubai property market experienced a landmark year in 2024, characterized by unprecedented demand that outstripped the available supply, leading to record-breaking growth in rents, sales prices, and overall transaction volumes.21 Year-on-year, sales prices witnessed substantial increases in the range of 18-20%, while rental rates also saw significant growth of approximately 16-19%.5 A notable trend was the robust performance of the off-plan market, which accounted for over 60% of all sales, indicating strong investor confidence in future developments.26 The total number of real estate transactions in 2024 reached record levels, with both the volume and the total value of these transactions showing considerable increases compared to previous years.5

Looking ahead to 2025, the upward trajectory of the Dubai real estate market is expected to continue in both the residential and office sectors, although the pace of growth may moderate slightly compared to the exceptional rates observed in 2024.21 An anticipated increase in the supply pipeline is projected to bring greater balance to specific segments of the market by 2026 and 2027.21 In 2025, a significant surge in the volume of residential unit handovers is forecasted, which could help to ease some of the pressure on prices and rents, potentially leading to more moderate increases compared to the previous year.21 The demand for rental properties is expected to remain strong, with projections indicating further increases in both short-term rentals (around 18%) and long-term rentals (around 13%), reflecting the continued influx of expatriates and tourists.29 Overall, experts predict an average rise of approximately 8% in property prices throughout Dubai in 2025, suggesting a continued healthy appreciation in value.30

Examining the performance across different sectors reveals distinct trends. The residential market is expected to maintain its upward momentum, with both sales prices and rental rates continuing to rise. Notably, villas have often outperformed apartments in terms of price growth, and there remains a strong demand for affordable, family-friendly villa communities and townhouses.22 The commercial real estate sector is also experiencing robust demand, driven by the emirate's strong economic growth and an increasing number of businesses establishing or expanding their presence in Dubai. This demand is particularly evident for Grade A office spaces, retail units, and industrial warehouses.26 Consequently, office rents are also anticipated to see further increases in 2025.21 Finally, emerging districts such as Dubai South, Dubai Creek Harbour, and Al Jaddaf are demonstrating significant growth potential and are increasingly attracting the attention of investors seeking high returns and long-term appreciation.33

Where to Invest: Exploring Dubai's Prime Locations

For Sri Lankan investors looking to capitalize on the opportunities within Dubai's thriving real estate market, understanding the nuances of different locations is crucial. Several established areas offer high potential for rental income and capital appreciation. Dubai Marina, with its iconic waterfront lifestyle, consistently attracts a large number of expatriates and tourists, leading to strong rental demand and yields averaging around 6-7%.29 Interestingly, mid-market properties in older buildings within Dubai Marina can sometimes offer even more attractive rental yields.36 Downtown Dubai, the vibrant heart of the city, is renowned for its luxurious properties, commercial significance, and world-famous landmarks, ensuring high tenant demand and robust rental returns in the range of 5-9%.29 The limited availability of new development land in Downtown Dubai also suggests a potential for long-term scarcity value, which could further bolster property values.36 Jumeirah Lakes Towers (JLT) presents another compelling option, offering a mix of residential and commercial properties with attractive amenities and a lively community atmosphere, resulting in consistent rental yields for investors.27

Beyond these established areas, several emerging districts hold significant promise for future growth and investment returns. Dubai South, a rapidly expanding area strategically located near Al Maktoum International Airport and the Expo City Dubai site, is considered an early-cycle investment opportunity with high growth potential and rental yields averaging around 8%.33 The ongoing infrastructure development and commercial expansion in Dubai South make it an attractive prospect for long-term investors.36 Dubai Creek Harbour, a sprawling waterfront development spearheaded by Emaar Properties, is poised to become a major future downtown hub, offering stunning views, a diverse range of residential options, and strong potential for capital appreciation as the district continues to mature.23 Business Bay, a central district blending commercial and residential properties with excellent infrastructure, also offers good rental returns (5-7%) and the potential for capital appreciation, making it a desirable location for a wide range of investors.33

For those seeking luxury investments, Palm Jumeirah, the iconic man-made island, remains a top choice, known for its exceptional capital appreciation and resilience. It continues to attract high-net-worth individuals seeking exclusive waterfront properties and luxurious lifestyles.23 Emirates Hills is another prestigious community, renowned for its opulent villas and exclusivity, catering to elite investors looking for high-end living spaces.25

When considering investment options, Sri Lankan investors should also weigh the benefits and risks of off-plan versus ready properties. Off-plan properties, which are purchased before completion, often come with more affordable prices and flexible payment plans, offering the potential for strong capital appreciation by the time of handover.23 However, these investments also carry risks such as potential project delays or changes in development plans.42 On the other hand, ready properties offer the advantage of immediate rental income potential and lower risk of completion issues, although they typically require a larger upfront investment.31

The Financial Edge: Dubai's Tax-Friendly Real Estate

One of the most compelling advantages of investing in Dubai's real estate market for Sri Lankan investors is the emirate's remarkably tax-friendly environment. Unlike many other global investment destinations, Dubai boasts a zero-tax regime for property owners, which can significantly enhance the overall return on investment. This includes a 0% Property Tax, meaning that there are no annual taxes levied on real estate ownership, directly reducing the ongoing costs for investors.23 Furthermore, any profits realized from the sale of real estate in Dubai are entirely free from Capital Gains Tax, allowing investors to maximize their returns without any deductions by the government.23 Landlords also benefit from a 0% Rental Income Tax, enabling them to retain the entire rental income generated from their properties without any tax obligations, making Dubai's rental market particularly attractive.45 The absence of Inheritance Tax on properties in Dubai also ensures that these assets can be passed down to heirs without the burden of additional taxes, facilitating long-term wealth preservation.45 Moreover, Dubai does not impose any Income Tax on individuals, further benefiting both residents and expatriates who choose to invest in the emirate.45 Finally, residential property transactions in Dubai are generally exempt from Value Added Tax (VAT), adding another layer of financial advantage for investors.47

In stark contrast, Sri Lanka's regulations regarding overseas property investment present a different landscape. Foreigners are generally restricted from directly purchasing freehold land in Sri Lanka.53 Additionally, there are stamp duties applicable to both the leasing and purchasing of property in Sri Lanka, and a 15% land lease tax was previously imposed on foreign buyers, although this was removed in 2017.53 Furthermore, the Sri Lankan government has proposed the introduction of a capital gains tax at a rate of 10% on the profits realized from the sale of immovable property, although this may only apply to properties sold within ten years of acquisition.57

The absence of these significant taxes in Dubai offers a unique opportunity for Sri Lankan investors to maximize their return on investment. Without the burden of property taxes, capital gains taxes, or rental income taxes, investors can focus entirely on the core profitability of their real estate ventures, leading to higher net returns compared to markets where such taxes are applicable.45 This tax-friendly environment not only enhances the attractiveness of Dubai's real estate market but also plays a crucial role in encouraging foreign investment, solidifying Dubai's position as a leading global hub for property investment.48

Navigating the Legal Framework: A Guide for Sri Lankan Investors

For Sri Lankan investors venturing into the Dubai real estate market, a clear understanding of the local legal framework governing property ownership is essential. Dubai offers two primary forms of property ownership for non-residents: freehold and leasehold. Freehold ownership grants the buyer complete and unrestricted ownership of both the property unit and the land upon which it is built. This form of ownership allows the owner the full rights to sell, lease, mortgage, and even inherit the property without requiring government approval, providing maximum flexibility and control.58 Freehold ownership is available to foreign nationals in specific areas designated by the Dubai government as freehold zones.60 In contrast, leasehold ownership grants the buyer the right to use a property for a specified period, typically ranging from 10 to 99 years. While the leaseholder has the right to occupy and often rent out the property during this period, they do not own the land itself, and there may be restrictions on their ability to sell, transfer, or make significant modifications to the property without the consent of the freeholder.60

The real estate sector in Dubai is rigorously regulated by two key government bodies: the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). The Dubai Land Department (DLD) is the primary authority responsible for overseeing all real estate transactions within the emirate. Its role is to ensure transparency and legal compliance in all property dealings, and it is the official body for property registration and the issuance of title deeds, which serve as the legal proof of ownership.59 Working under the umbrella of the DLD is the Real Estate Regulatory Agency (RERA), which acts as the regulatory arm specifically tasked with managing and developing the real estate activities in Dubai. RERA's responsibilities include licensing real estate brokers and developers, setting and enforcing regulations for the industry, managing developers' trust accounts (escrow accounts), and playing a crucial role in resolving disputes between landlords and tenants, as well as other real estate-related conflicts.76

For Sri Lankan investors looking to purchase property in Dubai, the registration process typically involves several key steps. Initially, it is common to engage a licensed real estate agent who can assist in identifying suitable properties based on the investor's requirements and budget. Once a property has been selected, it is crucial to conduct thorough due diligence to verify the property's legal status, ensure there are no outstanding encumbrances or disputes, and confirm the seller's legal right to sell.59 The next step usually involves signing a Memorandum of Understanding (MOU) with the seller, which outlines the agreed-upon terms and conditions of the sale.59 Following the signing of the MOU, the buyer will typically need to obtain a No Objection Certificate (NOC) from the property developer. This document confirms that there are no outstanding service charges or other dues related to the property.59 The formal transfer of ownership takes place at the Dubai Land Department (DLD), where both the buyer and seller (or their legal representatives) must be present to submit the required documents and pay the necessary fees. The standard transfer fee in Dubai is typically 4% of the property's value.59 Upon successful completion of the transfer process and verification of all documents, the DLD will issue a new title deed in the buyer's name, which serves as the official and legal proof of ownership for the property.59

Investing in Dubai real estate can also open pathways to long-term residency through the emirate's investor visa programs. The 2-year Investor Visa is available to individuals who invest a minimum of AED 750,000 in property. This visa is renewable and allows the holder to sponsor certain family members to reside in Dubai as well.1 For a more extended residency option, the 5-year Investor Visa, often referred to as the Golden Visa, requires a minimum property investment of AED 2 million. This visa offers greater stability with renewable residency rights and allows the holder to sponsor not only family members but also domestic staff.1 An even longer-term option is the 10-year Investor Visa, also under the Golden Visa umbrella, which follows the same minimum investment criteria of AED 2 million but provides extended residency benefits and greater flexibility regarding the amount of time the visa holder can spend outside the UAE without affecting their residency status.1

Financing Your Dubai Dream: Mortgage Options for Non-Residents

For many Sri Lankan investors, financing their property acquisition in Dubai through a mortgage will be a key consideration. Fortunately, the Dubai real estate market offers a range of mortgage products tailored to international buyers who do not reside in the UAE. These include various types of mortgages such as fixed-rate mortgages, where the interest rate remains constant for a set period, variable-rate mortgages, where the interest rate fluctuates with market conditions, discounted rate mortgages, which offer lower initial interest rates, and capped mortgages, which set a maximum limit on the interest rate.100 Several banks in Dubai also provide specialized international mortgage services specifically designed for non-resident investors.101

To be eligible for a mortgage as a non-resident in Dubai, Sri Lankan investors will typically need to meet certain criteria and provide specific documentation. Eligibility often depends on the investor being a citizen of a country that is on the bank's approved list.100 Banks will also require proof of a stable monthly income or evidence of self-employment.100 There are usually minimum monthly income thresholds, which can vary depending on the lending institution.100 Age restrictions may also apply, with most banks having an upper age limit for mortgage applicants, typically around 65-70 years at the time of loan maturity.100 A significant factor for non-resident borrowers is the down payment requirement, which is generally higher than for UAE residents and can range from 25% to 50% of the property's value.100 The documentation typically required includes a valid passport, bank statements for the previous 3-6 months (or longer for self-employed individuals), salary certificates (if employed), and potentially tax returns and international credit reports to assess the borrower's financial standing.100

For Sri Lankan investors who prefer Sharia-compliant financing options, Dubai also offers a variety of Islamic mortgage products. These halal financing solutions adhere to Islamic principles by avoiding interest (riba) and instead utilizing models such as Murabaha (cost-plus financing), Musharaka (joint venture), and Ijara (lease-to-own).110 Many banks in the UAE have dedicated Islamic banking arms that provide these Sharia-compliant home finance options to both residents and non-residents.111

Regarding the possibility of obtaining international mortgages for Dubai properties from Sri Lankan banks, research suggests that some Sri Lankan financial institutions do offer foreign currency home loans specifically for Sri Lankans who are employed abroad.120 These loans, often available in currencies like USD, could potentially be utilized for purchasing properties in Dubai, especially for Sri Lankans working in the UAE or other countries. However, it would be prudent for interested investors to conduct further, specific inquiries with Sri Lankan banks to ascertain the exact terms, conditions, and applicability of these foreign currency loans for real estate investments in Dubai.

Return on Investment: A Comparative Look at Dubai and Sri Lanka

When evaluating the potential of investing in Dubai real estate, Sri Lankan investors will naturally be keen to understand the expected return on investment (ROI) compared to their domestic market. A comparative analysis of average rental yields and capital appreciation trends in both Dubai and Sri Lanka reveals significant differences that favor Dubai in terms of potential returns. In Dubai, average rental yields typically range from a healthy 5% to 9%, with certain high-demand areas even exceeding the 9% mark.1 Furthermore, the Dubai property market has demonstrated strong capital appreciation, with prime residential properties experiencing a remarkable 17.4% increase in value in 2023.15 Market forecasts for 2024 and beyond suggest a continued, albeit potentially moderating, growth trajectory, indicating the potential for sustained appreciation.21

In contrast, the real estate market in Sri Lanka generally offers significantly lower average rental yields, typically in the range of 1% to 3%.1 While the Sri Lankan property market is projected to reach a substantial overall value by 2024, with the residential segment being the dominant contributor, the returns in terms of rental income and capital appreciation have historically been less compelling compared to Dubai.136

Several factors contribute to these differences in property returns. Dubai's robust tourism industry, its consistently growing population, the highly attractive tax-free environment for property owners, investor-friendly regulations, and its world-class infrastructure all play a significant role in driving up both rental demand and property values.14 In Sri Lanka, while the government has implemented incentives to stimulate economic growth and there is potential for increased urbanization and tourism in certain regions, the overall economic stability and consistency of government policies have sometimes posed challenges for sustained high returns on investment.136

Ultimately, Dubai presents a potentially higher return on investment for Sri Lankan investors due to its significantly higher average rental yields and the potential for more substantial capital appreciation in a dynamic and expanding market.1 Furthermore, the considerable tax advantages offered in Dubai, particularly the absence of property tax, capital gains tax, and rental income tax, further enhance the net returns for investors compared to Sri Lanka, where such taxes either exist or have been proposed.45

Specific Considerations for Sri Lankan Investors

For Sri Lankan investors considering venturing into the Dubai real estate market, there are several specific factors that warrant careful consideration. One important aspect is the currency exchange risk. While the AED to LKR conversion rate has been relatively stable and potentially favorable 1, fluctuations in exchange rates can impact the overall returns on investment when converting profits back to Sri Lankan Rupees.131 Investors should monitor these fluctuations and potentially explore strategies to mitigate this risk, such as hedging.133

Another key consideration relates to capital controls in Sri Lanka. Depending on the prevailing regulations, there might be limitations on the amount of funds that Sri Lankan residents can remit overseas for investment purposes.140 Investors will need to be aware of these regulations and ensure they comply with all applicable laws regarding the transfer of funds for international property investments.142 Consulting with financial advisors in Sri Lanka who specialize in overseas investments will be crucial in navigating these potential restrictions.140

The presence of a significant community of Sri Lankans in Dubai can be both a comfort and a valuable resource for new investors.147 This established diaspora can provide a network of support, local knowledge, and potentially facilitate connections with real estate professionals or other service providers who understand the needs and perspectives of Sri Lankan investors.148 Engaging with this community can help ease the transition into the Dubai property market and provide valuable insights into the local nuances.

Finally, Sri Lankan investors should be mindful of the legal and regulatory differences between the two countries. While Dubai has a well-defined and transparent legal framework for real estate investment by foreigners 58, it is crucial for Sri Lankan investors to familiarize themselves with these regulations, particularly those related to property ownership, registration, and any specific requirements for non-resident investors.58 Seeking advice from legal professionals who specialize in Dubai real estate and understand the Sri Lankan context can be highly beneficial in ensuring a smooth and legally sound investment process.60

Navigating Potential Challenges and Mitigating Risks

While the Dubai real estate market presents numerous opportunities for Sri Lankan investors, it is also important to be aware of potential challenges and to adopt effective risk mitigation strategies. One key risk to consider is market volatility. The Dubai property market, like any other, can experience fluctuations in property prices due to economic downturns, global events, or changes in supply and demand.42 To mitigate this risk, investors should adopt a long-term investment perspective, conduct thorough market research to identify areas with stable demand and growth potential, and consider diversifying their portfolio across different property types or locations.139

Another challenge can be legal and regulatory complexities. While Dubai has a robust framework, understanding and navigating the specific laws related to foreign ownership, property registration, and tenancy can be intricate.42 Engaging reputable real estate agents and legal advisors who specialize in Dubai property law and are familiar with the needs of international investors is crucial to avoid potential pitfalls and ensure compliance with all regulations.42

Financial risks and hidden costs are also important considerations. Beyond the purchase price, investors should factor in additional expenses such as registration fees, agent commissions, mortgage arrangement fees, property valuation fees, and ongoing maintenance and service charges.42 Thorough budgeting and understanding all potential costs involved in property ownership are essential for accurate financial planning.42

For those considering investing in off-plan properties, developer and project risks need to be carefully evaluated. These risks can include delays in project completion, changes in development plans, or even project cancellations.42 Conducting thorough due diligence on the developer's reputation, financial stability, and track record is vital to minimize these risks.42 Ensuring that payments are made through escrow accounts regulated by the Dubai Land Department (DLD) can also provide an added layer of financial security for off-plan investments.44

Finally, property management challenges can arise, especially for overseas investors who cannot be physically present to oversee their properties. These challenges can include finding and managing reliable tenants, handling maintenance and repairs, and ensuring compliance with Dubai's rental regulations.169 Engaging a reputable property management company in Dubai can help to mitigate these challenges by providing professional services such as tenant screening, lease management, rent collection, and property maintenance, ensuring a hassle-free ownership experience and maximizing rental returns.169

Cultural and Practical Considerations for Sri Lankan Expats

For Sri Lankan investors considering a move to Dubai or managing their investment from afar, understanding the local cultural environment and practical aspects of life in the emirate is essential. Dubai presents a unique blend of rich traditions and modern living, creating a vibrant and welcoming space for expatriates.20 The culture is strongly influenced by Islamic values, Arab traditions, and a deep-rooted sense of hospitality.20 While the UAE is home to a diverse population with numerous faiths, Islam is the predominant religion, and it is important for visitors and residents to be respectful of Islamic customs and traditions, especially during the holy month of Ramadan.174

Social customs and etiquette in Dubai often emphasize modesty and respect in dress and public behavior.176 While Dubai is relatively liberal compared to some other Middle Eastern countries, it is advisable to dress modestly in public places, covering shoulders and knees.176 Public displays of affection are generally frowned upon and should be avoided.177 Greetings typically involve handshakes between men, but it is best for men to wait for a woman to extend her hand first.176 Using the right hand for eating and passing items is also a customary practice.176

For Sri Lankans moving to Dubai, there are numerous options for Sri Lankan cuisine available throughout the city.186 Restaurants offering authentic Ceylon flavors can be found in various neighborhoods, providing a taste of home for those who miss Sri Lankan food.186 Additionally, Dubai has a significant and well-established community of Sri Lankans, offering a familiar social network and support system for newcomers.147

The cost of living in Dubai can vary significantly depending on lifestyle choices and location. While it is often perceived as an expensive city, it is generally considered more affordable than major global hubs like New York or London.192 Housing will likely be the most significant expense, with rental costs varying widely based on the type of property and its location.193 Utilities, food, transportation, and entertainment are other factors to consider in the overall cost of living.193

Dubai boasts a high standard of healthcare, with both public and private facilities offering quality medical services.198 While public healthcare is available, expatriates are generally required to have private health insurance, which is often provided by employers.198

For families with children, Dubai offers a diverse education system with a wide range of international schools catering to various curricula, including British, American, and the International Baccalaureate.208 While public schools are an option, many expatriate families prefer private international schools, which typically have higher tuition fees.208

Finally, Dubai is renowned for its high levels of safety and security, consistently ranking as one of the safest cities in the world.17 The city has a strong police presence, advanced surveillance systems, and a strict legal framework that contributes to a low crime rate, providing a secure environment for residents and visitors alike.17

Conclusion

Investing in Dubai real estate presents a compelling proposition for Sri Lankan investors seeking to diversify their portfolios and potentially achieve higher returns. The emirate's robust and stable economy, its strategic position as a global hub, and the attractive lifestyle it offers create a strong foundation for a thriving property market. Current trends indicate continued growth in both sales and rental sectors, with promising opportunities across various districts and property types. Dubai's exceptionally tax-friendly environment, characterized by the absence of property tax, capital gains tax, rental income tax, and inheritance tax, provides a significant financial advantage compared to Sri Lanka. While navigating the legal framework and financing options requires careful attention, the well-established regulations and availability of mortgages for non-residents make the process accessible. The potential for higher rental yields and substantial capital appreciation in Dubai, compared to the Sri Lankan market, further underscores its attractiveness as an investment destination. By carefully considering the specific needs and circumstances of Sri Lankan investors, including currency exchange risks, capital controls, and cultural nuances, and by adopting appropriate risk mitigation strategies, investing in Dubai real estate can indeed be a rewarding and prosperous venture.

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