Deira Islands, now rebranded as Dubai Islands, is a breathtaking waterfront development reshaping Dubai’s northern coastline. This Nakheel led project spans five man made islands, Marina Island, Central Island, Shore Island, Golf Island, and Elite Island, covering 17 square kilometers with over 20 kilometers of beachfront. Located off Deira’s coast, it’s a 12 minute drive to Dubai International Airport and 15 minutes to Downtown Dubai via the Infinity Bridge.
With 38000 planned residences, 80 luxury hotels, and attractions like Deira Mall and the Night Market, it’s a vibrant mix of residential, commercial, and leisure spaces. Dubai’s tax structure offers 0% personal income tax, 0% capital gains tax, and 0% VAT on residential leases and first sales. Qualifying Free Zone Persons (QFZPs) in Jebel Ali Free Zone enjoy 0% corporate tax on qualifying income, provided non qualifying mainland income stays below 5% or AED 5 million.
SMEs are exempt from the Domestic Minimum Top up Tax (DMTT) in 2025. The First Time Home Buyer Program, launched July 2, 2025, provides 5% discounts and flexible financing for properties up to AED 5 million, while the Golden Visa offers 10 year residency for investments over AED 2 million. These five 2025 launches, priced from AED 600,000 to 4 million, offer 6 to 8% yields and tax perks, ideal for first time buyers.
Rixos Dubai Islands Residences, launching Q4 2026 by Nakheel, offers 1 to 3 bedroom apartments from AED 600,000. These 450 to 1300 sq.ft. units feature smart home systems, eco friendly designs, and views of the Arabian Gulf. Located on Central Island, near Deira Mall, it’s perfect for young professionals. The 80/20 payment plan and First Time Home Buyer Programme’s 5% discounts make it accessible.
Investors can expect 6 to 8% yields, up to AED 48000 annually on a AED 600,000 unit, with 8 to 12% capital gains by 2028. Tax benefits include 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, plus 30 to 50% R&D credits for sustainable tech. Rixos Residences is a VAT free starter home gem.
Firoza by Mr. Eight Development, set for Q3 2026 on Marina Island, offers 1 to 2 bedroom apartments from AED 800,000. These 600 to 1200 sq.ft. units boast modern finishes, smart security, and marina views. With rooftop terraces and proximity to yacht berths, it’s ideal for urban professionals. The 70/30 payment plan and First Time Home Buyer discounts ensure affordability.
Yields reach 6 to 8%, around AED 64000 yearly on a AED 800,000 unit, with 8 to 12% capital gains by 2028. Tax perks include 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, with R&D credits for eco designs. Firoza is a tax savvy boutique retreat.
Villa del GAVI by Ever Glory Developments, launching Q2 2027 on Shore Island, offers 2 to 4 bedroom beach houses from AED 1.5 million. These 1200 to 2500 sq.ft. units feature private terraces, sustainable materials, and beachfront access. Near the Night Market, it’s perfect for families. The 70/30 payment plan and First Time Home Buyer discounts ease entry.
Investors can anticipate 6 to 8% yields, up to AED 120000 annually on a AED 1.5 million unit, with 8 to 12% capital gains by 2028. Tax benefits include 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, plus R&D credits for green tech. Villa del GAVI is a VAT free family haven.
Centara Mirage Residences, set for Q4 2026 on Golf Island, offers 1 to 3 bedroom apartments from AED 1 million. These 600 to 1800 sq.ft. units feature eco conscious designs, smart automation, and views of a waterpark. With family friendly amenities and proximity to Central Island’s retail, it’s ideal for young families. The 70/30 payment plan and First Time Home Buyer discounts add appeal.
Yields range from 6 to 8%, around AED 80000 yearly on a AED 1 million unit, with 8 to 12% capital gains by 2028. Tax perks include 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, plus R&D credits for sustainable designs. Centara Mirage is a tax efficient resort style gem.
Elite Island Villas, launching Q1 2027 by Nakheel, offers 4 to 5 bedroom villas from AED 4 million. These 2500 to 4500 sq.ft. homes feature private pools, smart systems, and panoramic Gulf views. With private beach access and proximity to luxury hotels, it’s perfect for high net worth buyers. The 60/40 payment plan and Golden Visa eligibility enhance allure.
Yields hit 6 to 8%, up to AED 320000 annually on a AED 4 million unit, with 10 to 15% capital gains by 2028. Tax benefits include 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, plus R&D credits for eco tech. Elite Island Villas is a VAT free premium retreat.
Deira Islands blends Dubai’s cultural heritage with modern waterfront living, offering 60 kilometers of coastline and a vibrant ecosystem. These five launches, Rixos Dubai Islands Residences, Firoza, Villa del GAVI, Centara Mirage Residences, and Elite Island Villas, range from AED 600,000 to 4 million, delivering 6 to 8% rental yields and 8 to 15% capital gains, driven by a 7% quarterly price increase in Q1 2025 and 1091 off plan transactions in 2024.
The UAE’s 0% VAT, 0% income tax, 0% capital gains tax, and 0% corporate tax for QFZPs, alongside DMTT exemptions and 30 to 50% R&D credits, maximize returns. The First Time Home Buyer Program, with priority access and 5% discounts, and Golden Visa eligibility enhance affordability. A 4% DLD fee applies, but RERA protections and high demand ensure stability.
Use the First Time Home Buyer Programme for 5% discounts on properties up to AED 5 million, registering via the Dubai REST app. Set up a QFZP in Jebel Ali Free Zone for 0% corporate tax on qualifying income. Use DIFC or RAK ICC entities to avoid 9% rental tax. Claim 30 to 50% R&D credits for eco tech. U.S. investors can leverage the U.S. UAE Double Taxation Agreement via IRS Form 1118, consulting a tax advisor for $130000 Foreign Earned Income Exclusion. Muslim investors should account for 2.5% Zakat on rental income. These strategies maximize Deira Islands’ tax perks.
Deira Islands’ growth, fueled by Dubai’s Economic Agenda D33 and 25 million projected tourists in 2025, ensures strong demand. The 8 lane bridge and proximity to Deira’s trading hub enhance connectivity. Challenges like limited current amenities are offset by planned hotels and retail. A 4% DLD fee and AED 2000 to 4000 registration costs are mitigated by 5 to 20% pre launch discounts. Deira Islands is a tax free wealth builder.
Rixos Dubai Islands Residences, Firoza, Villa del GAVI, Centara Mirage Residences, and Elite Island Villas offer 6 to 8% yields and tax free potential. With 0% taxes, R&D credits, and First Time Home Buyer perks, Deira Islands is a prime destination for first time buyers in 2025.
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