The real estate market is showing first signs of overheating. Geopolitical uncertainties and state support measures are increasing investment risk. Long-term planning is limited.

Panama offers various tax incentives, especially for international investors. Territorial taxation applies – only domestically generated income is taxed.

Dubai fascinates with an unparalleled luxury offering of superlatives such as the world's tallest skyscraper, the Burj Khalifa, as well as desert safaris, beach resorts and first-class shopping centers.

Panama offers diverse tourist appeal with breathtaking natural landscapes such as beaches, mountains and islands as well as the famous Panama Canal. There is an abundance of activities for nature lovers and adventurers.

Dubai uses the United Arab Emirates Dirham (AED) as its official currency.

In Panama, the US Dollar is used as the official currency. This facilitates international trade and makes Panama an attractive location for investors.

Monarchy – politically stable as long as the region allows. Events since 2024 show: Dubai cannot be isolated from Gulf politics. External influences act directly.

Panama is politically stable with a democratic government and a functioning separation of powers.

Officially high security level. In reality: drone strikes and impacts have also hit civilian infrastructure. The sense of security has changed – and that is decisive for a Plan B.

Panama is considered one of the safest countries in Latin America. The crime rate is comparatively low, particularly in tourist areas and affluent neighborhoods of Panama City.

Dubai has a well established land registry system that secures property rights. Property acquisition by foreigners is possible under certain conditions.

In Panama, the land registry system has a clear and legal protective function for property rights. The land registry is digitized and offers reliable documentation of property rights. Foreigners can acquire and own real estate in Panama.

Dubai offers a wide range of residence permits and investment opportunities for foreigners, including the residence visa for investors and the freelance visa for self-employed professionals.

Panama offers various options for a residence permit, including the retiree visa and the investor visa. The country is known for its friendly immigration policy and offers international citizens the opportunity to realize their Plan B.

Dynamic financial center – but increasingly state-dependent. Growth present, however it reacts sensitively to the regional situation. First dampeners in the tourism and real estate segments are noticeable.

Panama has had an average economic growth of over 6% p.a. over the last 20 years. The country is an important trade and financial center in Latin America and has a well-developed infrastructure.

Dubai has a high-priced standard of living and the cost of living can be significantly higher than in Panama. It is known for its exclusive lifestyle and offers luxury real estate, first-class restaurants and upscale shopping options.

The cost of living in Panama is affordable compared to many Western countries. Prices for accommodation, food and services are favorable.

Dubai has a well-developed banking system and is an important financial center with a wide range of banks and international financial service providers.

Panama has a solid and well-developed banking system that is internationally recognized and offers a broad range of financial services.

Dubai is known for its spectacular real estate market with modern high-rises, magnificent villas and luxury residential complexes. Prices for luxury properties in prime locations are barely affordable anymore, market transparency is limited and there are first price corrections in some segments.

Panama offers a wide range of real estate options, from luxury high-rise apartments in Panama City to beach and mountain resorts. The country opens access to dream properties that would cost many times more elsewhere.

Dubai impresses with first-class infrastructure, including world-class airports, modern road networks, top-tier ports and a well-developed public transport system. However, airport disruptions and restricted air traffic have recently shown how dependent this infrastructure is on regional stability.

Panama has a modern infrastructure with well-developed roads, ports, airports and a metro in Panama City. The country is an important hub for logistics and transport in the region.

Dubai offers first-class healthcare with modern medical facilities and qualified medical professionals.

Panama has high-quality healthcare in private facilities, particularly in Panama City.

Dubai has a hot desert climate with very high temperatures, especially in summer. The summer months can be extraordinarily hot, with average temperatures exceeding 40°C. The winter months are more pleasant and mild, with average daytime temperatures of around 20–25°C.

Panama has a pleasant tropical climate. There are warm temperatures year-round, while it is somewhat cooler in the mountains.

In Dubai and the United Arab Emirates, Islam is the predominant religion. The country respects and follows the principles of Islam, with Muslim customs and rules playing an important role in everyday life.

Panama has freedom of religion and a diversity of religions is practiced. The majority of the population is Roman Catholic.

Dubai offers a luxurious lifestyle with a dynamic and cosmopolitan society. It is important to note that Dubai is a conservative society in which Muslim beliefs and values play an important role. It is advisable to familiarize yourself with cultural norms and customs to ensure respectful and harmonious coexistence.