Dubai has become the most profitable city in the world for landlords

Dubai is the most profitable and expensive place in the world for landlords. This is especially true for property owners near Burj Khalifa.

Landlords who own property near the tallest building in the world can earn an average of $1,150 per night, or $416,523 per year. This means that it may take them as little as four months to recoup their investment.

Pent-up demand and improved investor sentiment also contributed to the growth of real estate sales, especially in Dubai and Abu Dhabi, amid the revival of other economic activity.

New initiatives such as visas for expatriate pensioners and the expansion of the 10-year Golden Visa scheme are expected to support the local market.