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Closing a deal on a property in Dubai is definitely one of the most important investment decisions you are going to make during your whole life. As a matter of fact, many people would like to have this chance so they can enrich their portfolio with such a quality asset.
However, before committing on such a deal, there are various things one must know. As a real estate agency in Dubai, we feel it’s part of our responsibility to guide you.
There is a property for every income bracket in Dubai. The lower sales prices and attractive payment plans offered by property developers in Dubai are resulting in more first-time home buyers hopping on the property bandwagon.
The introduction of new innovative mortgage products by some local banks has also contributed towards this increased activity.
Even someone with a salary of Dh10,000 can climb onto the property ladder today, provided they can arrange for the up-front payment and registration charges.
This year, the top areas for affordable properties to one with a monthly salary of Dh10,000 are (in order) International City, Jumeirah Village Circle (JVC), Al Furjan and Dubai South, estimates Property Monitor, a real estate intelligence platform.
For someone with a monthly salary of Dh15,000, the top areas with affordable properties are Dubai South, JVC, Business Bay, and Dubai Sports City, the consultancy adds.
However, if you are looking to buy a villa or a townhouse, it would require a monthly salary of Dh25,000. “It will fetch you a townhouse in master-planned communities such as Town Square and Reem, Mira. Some of the other top areas in this salary bracket are Dubai Marina, Business Bay, and The Lagoons
One of the fastest growing cities in the world, Dubai is replete with scenic water views, skyscrapers and idyllic spots for quiet reflection. From housing the world’s tallest tower to artificial islands in the shape of palm trees, Dubai never fails to intrigue and impress.
Regardless of which category you fall into, the dream of buying a home never gets old. Even the poorest man in the world keeps the desire to own his own house one day.
We can safely assume that people buy property as family home, to use as a holiday home or add into their investment portfolio and make rental income from it.
Now, let’s consider all the above reasons with respect to Dubai and figure out why buying property in Dubai is a good investment for anyone.
Realty Bridges offers the latest and best-priced properties, so check our site for a wide selection of real estate. Click here to kick start your Dubai property search!