Comparing real estate markets is essential to making the right investment decisions because such comparisons provide investors with valuable insights and information, enabling them to plan their investments wisely in order to achieve their goals and desired outcomes.

On the one hand, Dubai’s property market has witnessed exponential growth and smooth recovery after the COVID-19 pandemic. Not only that, but the Emirate’s stable economy, flourishing tourism, and ever-growing businesses have a major role in the continuous influx of employees, business people, and tourists seeking residential units for personal use and commercial properties for investment purposes.

On the other hand, Astana, now known as Nur-Sultan, is attracting investors from around the world for its strategic location, as it is the capital of Kazakhstan. Regardless of its attractive status, Astana’s property market is still growing.

That said, why are both markets sought-after by investors? And how do they differ from one another? Continue reading our comparison between real estate in Dubai vs. Astana to learn the answers and more.

Real Estate in Dubai vs. Astana: A Detailed Comparison

Below is a comparison of real estate in Dubai vs. Astana, the capital of Kazakhstan, in various aspects:

●     Market Development

Dubai’s property market is characterised by stability and resilience to crises, diversity of property types, and a well-developed regulatory framework. Additionally, Dubai’s real estate sector is known for its transparency, with much data shared and available, which is one of the many factors contributing to investors’ confidence in the market. Accordingly, Dubai’s market is considered mature, especially in its region. In other words, it is a highly developed market.

On the other hand, Astana’s market is still emerging and developing, meaning that it has not yet grown to the extent of Dubai’s. However, it is worth noting that Astana’s real estate sector has grown significantly over the years, which was heavily supported by the government’s infrastructure projects that elevated the market and attracted investors.

●     Investment Climate

Taking into consideration Dubai's mature market status, its investment climate is currently more rewarding and fulfilling when compared to Astana. Not only that, but Dubai is one of the top investment destinations globally for being a tax-free destination.

Additionally, Dubai is an international economic and business hub; its tourism and entertainment sectors are flourishing; and its solid and highly developed infrastructure and safety only make it more investment-friendly.

Nevertheless, Astana’s investment climate is attractive for various reasons. The city's location grants easy access to Europe and Asia, which is ideal for trade, businesses, and commercial investments.

Astana’s market is also considerably more affordable than others, making it a great investment destination for investors who want to diversify their portfolio. The government’s support and focus on infrastructure also have had a significant impact on enhancing the investment climate in Astana.

●     Market Trends

Dubai’s market trends in property prices, supply and demand, and rental yields fluctuate, like in most markets. Regardless, the Emirate’s real estate sector is known for being incredibly stable and ever-growing thanks to the strong economy, which is supported by tourism, businesses, and oil.

Regardless of the fluctuations in market trends, Dubai’s property market is able to remain stable. Not only that, but it has gained enough flexibility to recover quite quickly from global crises, such as the COVID-19 pandemic.

That said, Dubai witnessed periods of rapid growth followed by periods of corrections, and it is now headed towards continued yet slower growth in 2024. The market trends in Astana, however, are more likely to fluctuate due to external factors such as political circumstances and oil prices, as it is still developing.

●     Infrastructure

Even though the government of Kazakhstan has achieved lots of development in Astana’s infrastructure, it still has not reached the level of development evident in Dubai.

Astana’s priority is to have infrastructure supporting its growing population, while Dubai’s infrastructure supports the continuous influx of employees, business people, and tourists, in addition to playing a vital role in providing a high-quality, luxurious, and convenient lifestyle for all residents and visitors of Dubai.

Dubai Off-Plan Property Investment Opportunities

As mentioned above in our comparison of real estate in Dubai vs. Astana, Dubai’s market is considered a mature and fully developed market. That said, Dubai offers various types of properties for investors, including off-plan properties.

This property type refers to properties that are still in the construction phase, meaning that buyers purchase the property based solely on the floor plan and layout. This property type is favoured by many investors because it is lower in cost than ready-to-move properties.

It is worth noting that Dubai’s real estate financing comprises various options for investors who are looking for ways to finance their real estate investments. Generally speaking, investors gravitate towards loans and mortgages provided by banks, each of which has its own conditions and requirements.

Are you interested in investing in Dubai’s real estate? Discover Azizi Development now to explore one of the leading real estate developers in Dubai. It offers various residential and commercial properties for investors, ideal for personal use and investment purposes, especially since some of them are off-plan properties with flexible payment plans.