Rich South African property buyers are betting big on real estate in the Middle East’s United Arab Emirates (UAE), drawn by its economic stability, strong returns, and quality of life.
As reported by BusinessTech, Dubai, in particular, has emerged as a top choice for South Africans looking to invest, retire, and relocate.
This trend comes as South Africa faces mounting challenges, including economic volatility, high crime rates, and deepening concerns about the country’s future.
Dubai-or-not-Dubai? Arab city draws property buyers from SA
Nombasa Mawela, licensee for Seeff Dubai, said that these high-net-worth South Africans are turning to offshore property not only to diversify their assets but also as a hedge against currency volatility.
“Dubai offers an appealing combination of factors, which include strong capital appreciation, solid rental yields, and attractive payment plans,” Mawela said, as per BusinessTech.
“This is especially important in a global climate where people are looking for financial stability and return on investment.” she added.
Dubai’s appeal is bolstered by the UAE’s reputation for safety and stability. According to the 2025 Global Peace Index released by the Institute for Economics and Peace, the UAE ranked 52nd globally with a score of 1.812, making it one of the most peaceful countries in the Middle East.
Investment hotspots include properties priced between AED 1 and 3 million (roughly R4 million to R12 million), with apartments and townhouses being the most sought-after.
Buyers are attracted not only by the potential for capital growth but also by the rental income opportunities driven by Dubai’s growing expat population and thriving tourism market.
Andrew Golding, chief executive of Pam Golding Property Group, also added that the city has emerged as a global hub for real estate investment and is now considered one of the top five luxury residential markets in the world.
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