Dubai Is Back: Why Now Could Be the Best Time to Move

Dubai is officially back in momentum.

After weeks of uncertainty in the region, the UK has removed its advice against non-essential travel to the UAE, sending a strong signal that confidence is returning. In this episode, we break down what this means for Dubai tourism, business setup, real estate investment, and people looking to relocate for tax savings, lifestyle, or long-term opportunity.

Kevin shares what GenZone has seen firsthand in the market, including the temporary slowdown during the conflict, the recent spike in real estate activity, stronger interest in company formation, improved travel confidence, and why summer may be one of the best times to move before the September to December rush.

We also cover rental opportunities, developer incentives, free zone visa promotions, and why Dubai continues to stand out as one of the safest and most attractive places in the world to live, invest, and build a business.

If you are considering moving to Dubai, setting up a company, or buying property, this episode explains why now may be the right time to take action.

Transcript

SPEAKER_00 0:00

Dubai just got a huge boost. If you're looking to set up a company in Dubai or you're looking to buy real estate in Dubai, come to Dubai for vacation, whatever the reason may be, things have finally gone a lot more positive. Of course, with the conflict in the region, things were uncertain. And the UK said essentially, don't go to the UAE unless you have to, unless you need to go there. They said avoid all non-essential travel. And just yesterday, they removed their advice against non-essential travel to the UAE by saying it's okay now, it's not like it was before. So now tourism, etc. Everything is gonna be booming back in the UE. Real estate investments have already picked up significantly, especially with the potential peace deal between Iran and the US. They have agreed on kind of like the terms, but the actual finalization of the deal is still in some choppy waters for now. Even Iran just apparently pushed back the actual deal confirmation. So we'll have to see. But anyway, the most important thing is there is a lot of peace in the region now, at least in Dubai and the UAE, of course, and the neighboring D countries, and people are starting to flock back to Dubai. And I see this firsthand. I can be fully transparent with you. In the last three months, the amount of people moving to Dubai was chopped down by around 50% on average. With the worst month being, of course, when the conflict first started happening, market was down around 80-90%. Market meaning like the amount of people that we were setting up month over month, this would decrease. So that number of people would increase to move to Dubai. So it went down from 80 down, down to only 70, down to only 60 to 50. And I'd say right now we're down around 40 or 30 percent. We'll have to see how the month actually ends. But what I can tell you is in the last week itself, there has been a major spike, specifically for investments in real estate. I've seen major projects sell out billions of dollars worth of real estate, and some projects that we have personally sold as well. Some of our clients have just invested into major projects again in real estate and off-plan projects, which real estate is, you know, basically something very speculative for someone to invest into, especially considering the market. But the developers are giving really good payment plans, really good deals because the market is uncertain, they have to give you good opportunities. So, for someone looking to take a gamble that Dubai will do good in the next five to ten years, it's a wonderful opportunity for those people. Now, moving forward to people who want to save money in taxes, this is where we saw that dip, right? And this dip was not as much as real estate initially. Real estate just went down a lot more. But and I don't mean the value of the properties, I mean the volume of people buying stuff. But with business setup, like I said, it went down, and now we've been seeing it run back up, especially get again in the last like one or two weeks. It's really, really, really popped back up. So I'm seeing everyone starting to move back to Dubai, and even during the conflict, during the height of the conflict, we still had plenty of clients who were setting up in Dubai. So whether or not there's a war or not, Dubai is still one of the safest countries, or you know, is the safest country in the world, the UAE, of course, not Dubai specifically. Dubai is a city, and we've seen a lot of people move there, and a lot of people even agreed with me saying that you know, I'd rather be in Dubai during this conflict than be in the UK or Canada, etc. Now, of course, it depends where you live. Maybe you live in a suburb where there's nobody around you and it's ultra safe, but in most cases, even at the height of the conflict, Dubai was much safer than any other place. Now, the reason why you'll see so many travelers come back to Dubai now is not just because the UK said, Hey, you guys can go travel back to Dubai. A lot of people just actually didn't care about that. A lot of our clients wanted to come to Dubai, but the big concern for them was that their insurance policies were not valid during this conflict. Not that they were worried about the war at all, just their actual health insurance or whatever insurance just wasn't valid by their insurance provider. So they didn't want to come and not be insured. A lot of people don't care about being insured, but a lot of people also do. So those people don't want to come until they can be insured. Now, finally, insurance is being provided again. And even in some cases, Dubai is providing free insurance for a lot of tourists. Of course, check the fine print, check the actual terms and conditions. But for example, if you come to Dubai, there are news articles saying that you'll get 14 days of free insurance during your holiday. Now we are going into the summer months. Right now it is June, so we will see, of course, a lot less volume. Typically, Dubai is not as busy during the summer. However, we will definitely, in my opinion, at least, based on my knowledge of Dubai and how the market works, see a huge jump of people moving back to Dubai in the next few months and really settling in in September, October, November, and December. So we're in for a strong Q3 slash Q4. And of course, while people move to Dubai, they're in Dubai, they see how how amazing the country is. You know, the UAE, specifically, Dubai is the best emirate, in my opinion. Of course, Abu Dhabi is great as well. When you come here to Dubai, you see how amazing it is, and then people really change their minds on investing. Like you could come to Dubai and not even want to invest in real estate, but when you're in Dubai, you'll just fall in love with the properties, you'll fall in love with the communities, the investments, the projects, and you'll just buy something. Now, that's what I expect things to look like in the next few months. But for the summer months, I expect a middle average volume. So, for example, let's say Gen Zone, we set up a hundred companies in the month of June last year, as an example. We would probably set up around 30 or 40 in the same month. Year over year, it is a drop, but it is still very strong. But we will see, and I think in the next few months, things will absolutely pick up. We're already seeing it, like we're already seeing so many people message us, email us. Of course, we run so many different campaigns and we see people engaging with these things and actually moving forward a lot more than they would have during the beginning of the conflict. Of course, you know, it's uncertain, people don't know, but now people know that it's safe, it's a great place to move to, and they're coming back. And for the ones that choose to move now, they're always gonna get the best. You're gonna get the best rental prices. I've seen properties that typically rent at around 200,000, 220,000 durums per year, renting at around 160, 170, 180. So you're saving so much money, and these are annual contracts that you can take advantage of. It's like renting a place during COVID when nobody was in Dubai, and then when it's not COVID and things pick back up, boom, everyone's paying 50, 60k more than you. That's a huge opportunity. The government is giving incentives for people to move to Dubai. For example, like the free visa promotions that exist with the Dubai free zones, some of them, not all of them, of course. But of course, if you want to learn more about these things, the incentives, the pricing, the price structures, you can always book a call with our team and we'll go over everything in detail to explain to you why you should move to Dubai now. And genuinely, it is an amazing time. And if you choose to move during the summer, while things are even more slow because it is summer, even better for you. You'll benefit even more than you would have if you would come in the month of September, October, November, December. Again, nothing wrong with coming in those months. And sometimes some people don't want to come in the summer months because it is hot, but you do get your best opportunities during these types of times. In the summer, the market typically is already better for rentals, especially short-term rentals, but it's even better right now, considering that people are starting to come back. You can come back before the rush. So that's what I will definitely say and leave it at that. So while this might seem just like an announcement from the UK saying, hey guys, you can go back to Dubai for your holidays, it's actually a lot more than that. It's a signal to show that one of the biggest countries in the world, which is very as you know, a very smart country, although you might not agree with their tax policies and how much they charge you and how they run their country, but very smart country. The UK is the UK, one of the most powerful countries in the world, is finally saying, Hey guys, it is now finally acceptable to go back to Dubai, at least in their terms of acceptable. I think it was always fine. But again, this is their own terms. They want to keep their citizens safe, they want to keep them at the lowest risk possible. So, of course, if you want to set up a company in Dubai or buy a property in Dubai, our team can help you with both. We're experts at investments and company formation. We can help you do the entire process in only 30 days from starting the business license, getting your entry permit, flying to Dubai, doing your medical biometrics. Gen Zone helps you every step of the way. We are the most responsive company in the market with the best reviews in the market. Go check it for yourself, and we will see you on a free consultation call. Just book a call, it's totally free. No pressure, no high pressure sales, nothing like that. We just give you all the information you need, and then we can go from there. And if you don't want to book a call, you can also just send us a text message on the WhatsApp below or the QR code right here, and we'll be more than happy to go over your situation, explain to you what you need to do to make this happen and the steps involved. So we'll see you on that call. And if you're not ready to book a call just yet, I have more options for you. There's a video right here that you can watch. This video is amazing to show you what it looks like to work with us here at Genzo.