Women Teaming Up to Buy Property in Dubai: A Growing Trend

Empowerment Through Shared Ownership

More women are teaming up to invest in Dubai’s luxury real estate and other affordable property markets. This strategy offers multiple benefits:

• Economic Advantages: Pooling resources makes homeownership more accessible and allows women to enter the real estate market sooner.
• Social Benefits: Women often value independence and strong bonds with friends, making shared property ownership appealing. This trend fosters a sense of inclusion and togetherness.
• Diverse Expertise: By collaborating, women bring together various skills and insights, leading to more informed and strategic property investments.

Fostering an Inclusive Market

“Encouraging this trend is crucial for fostering a more inclusive and dynamic real estate market,” The female clients often collaborate with family members, friends, or business partners to pool their financial resources. This collaboration enables them to invest in higher-value properties or diversify their investments.”

For instance, A lady bought her first property with her cousin three years ago. “At the time, we were buying smaller apartments and studios,” “This year, they took the plunge and invested in an off-plan semi-detached four-bedroom villa for Dh3.4 million in Dubai South.” Thanks to the partnership, she was able to expand her real estate portfolio significantly.

Essential Advice for Female Property Investors

While the benefits are numerous, women need to have clear agreements and legal contracts when buying property together. A real estate consultant, advises, “Discuss and document each person’s financial contributions, responsibilities, and plans for future property management or sale. Open and honest communication is key to maintaining a healthy partnership.”

Also notes that it’s possible to buy property under joint names in Dubai, allowing buyers to define the percentages held by each investor. “This breakdown should be specified and will be stated on the title deed issued by the Dubai Land Department upon completion of the transfer. Typically, the percentage share of ownership reflects the ratio of financial investment by each party.”

The Emergence of a New Trend in Dubai Real Estate

This trend of women partnering to buy property has gained momentum over the past five to seven years, accelerated by the pandemic’s focus on secure housing and stable investments. With rental prices rising in Dubai, many tenants are opting to buy instead, leveraging their combined purchasing power to secure better locations and properties.

The price point of these purchases typically ranges from Dh1 million to Dh3.5 million. Investments are often influenced by the convenience of location, particularly areas close to work or social hubs. Women typically start with apartments when buying properties with friends, using this as a stepping stone for future independent purchases.

A recent example highlights this trend: three female friends, renting and working together in Dubai Marina, pooled their resources to invest in an apartment in Jumeirah Village Circle. They listed the property with us for rent and property management, generating an additional income stream for all of them”. Their investment has appreciated, and they plan to use the rental income to fund future property investments.”

“The rise of women collaborating to buy property in Dubai is a testament to the city’s evolving real estate landscape. By pooling resources and leveraging collective expertise, women are reshaping the market, making homeownership more accessible and inclusive.”