Buying Property for Seasonal Holidays in Thailand or the UAE: Which Is Better?

Buying Property for Seasonal Holidays in Thailand or the UAE: Which Is Better?

An increasing number of Europeans are looking to spend the colder months in more pleasant climates. Remote work has made this possible, allowing individuals to relocate to the seaside easily. Recently, the UAE and Thailand have become popular choices among those looking to purchase property as a seasonal residence. This provides the opportunity not only to own a second home but also to make a profitable investment.

The UAE attracts foreigners with its ultra-modern lifestyle, high level of safety, and favourable tax environment. Major cities like Dubai and Abu Dhabi combine luxury, cutting-edge technology, and numerous opportunities for career growth, offering a high standard of comfort.

Thailand, on the other hand, appeals to those seeking a more relaxed and laid-back lifestyle. It is famous for its picturesque beaches, year-round warm climate, and centuries-old culture deeply rooted in tradition and religion. The country’s affordable prices and local hospitality make it an ideal destination for anyone seeking peace and tranquillity in a tropical paradise.

We have conducted a detailed comparison of these countries to determine which option is better for seasonal living—the dynamic and luxurious Emirates or the serene and peaceful Thailand?

Climate characteristics

The choice between the UAE and Thailand largely depends on personal preferences regarding climate and weather conditions. The United Arab Emirates enjoys a comfortable winter climate with temperatures ranging from 20°C to 25°C. Rainfall is extremely rare during this period, and the days are usually sunny, creating ideal conditions for those who prefer warm, dry weather without excessive heat.

In Thailand, the winter season is also appealing but comes with higher humidity. From November to February, temperatures range between 25°C and 30°C, creating a warm, but not excessively hot, atmosphere. There is little rainfall during this time, as winter marks the beginning of the dry season. This makes winter stays particularly comfortable, especially along the coast, where one can enjoy the sea and natural beauty. It is important to note that winter is the peak tourist season in both countries. However, in Thailand, it is possible to find more secluded locations, which may be appealing to those who prefer a slower pace of life.

Both destinations offer pleasant winter climates, and the choice depends on which type of weather suits you better: the warm, dry conditions of the UAE or the humid environment of Thailand.

UAE property market

The property market in the UAE continues to show strong growth, supported by steady demand, stable economic development, and significant interest from foreign buyers. In Q1 2024, housing prices in Dubai increased by approx. 21% compared to the same period in 2023. In Abu Dhabi, property prices rose by an average of 7%.

In Q2 2024, the average price for apartments in Dubai reached AED 1.3 million (USD 354,000) in the primary market and AED 1.2 million (USD 326,500) in the secondary market. Meanwhile, the average cost of villas in the primary market was AED 3.7 million (USD 1 million) and AED 3.2 million (USD 870,500) in the secondary market. The minimum investment amount for development projects in Dubai ranges from AED 367,000 to AED 551,000 (USD 100,000 to USD 150,000).

Demand for property continues to rise: the value of housing transactions in Dubai grew by 29.7%, with the number of deals up by 30.4% in the first half of the year compared to the same period last year.

“Dubai remains one of the world’s most attractive investment destinations due to its stable economy, strong financial fundamentals and ability to constantly find new opportunities for growth,” notes Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of the city.

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Thailand’s property market

According to data from the Bank of Thailand (BOT), in Q2 2024, the price index for detached houses in the country showed modest growth of 2.6% year-on-year (1.81% inflation-adjusted). In the townhouse segment, the growth was somewhat more notable—3.12% year-on-year (2.32% inflation-adjusted).

Industry experts predict that prices will continue to rise gradually, especially for new builds, driven by increasing costs of building materials and labour.

The capital region, including Bangkok and its surrounding areas, recorded more significant price growth compared to the rest of the country. The most substantial increase was observed in the detached house segment, with a 3.85% year-on-year rise (3.21% inflation-adjusted). Townhouses followed with a 3.58% increase (3.04% inflation-adjusted), while condominiums saw a 3.03% rise (2.23% inflation-adjusted).

Even in the country’s resort regions, prices remain relatively affordable. For instance, the minimum cost of a studio apartment in Phuket is around USD 80,000.

Cost of living

The average cost of living for one person in Thailand is USD 790 per month, which is 59% lower than in the United Arab Emirates, where the figure reaches USD 1,906. Globally, Thailand ranks 114th in terms of the most expensive countries, while the UAE holds the 19th position.

Average salaries in Thailand cover the cost of living for 0.8 months, whereas in the UAE, they can sustain living costs for 1.7 months. In the ranking of the best countries to live in, Thailand placed 66th, while the UAE secured the 29th spot.

Conclusion

When deciding between Thailand and the UAE as seasonal holiday destinations, several key factors should be taken into account. The UAE offers ultra-modern living conditions with developed infrastructure, high safety standards, and a stable economy. The property market in the UAE continues to grow, driven by steady demand and active investment from foreign buyers. This makes real estate in Dubai and Abu Dhabi an attractive option for those seeking not only a holiday home but also a lucrative investment opportunity.

Thailand, with its lower property prices and more relaxed lifestyle, may appeal to those who prefer a slower pace and wish to minimise costs. However, the housing market does not show the same consistent growth as in the UAE, making investments in the country less predictable.

Ultimately, the choice depends on your preferences. Those seeking a combination of high living standards, stability, and investment potential will find the UAE the more attractive option. If a quiet and affordable retreat is your priority, then Thailand is the better choice.

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