For many residents, owning a home in the UAE is no longer a distant prospect, with first-time buyer incentives and flexible payment plans often making it a practical financial decision.
Mid-income professionals earning between Dh15,000 and Dh20,000 a month can afford to buy property in the Emirates, according to an analysis. Although this is welcome news, the choice of properties available for this income bracket will be "highly selective", they say.
Achieving this goal will depend on buyers having sufficient down payments and manageable financing commitments.
Buyers in this salary bracket may want to consider entry-level ownership options, such as smaller homes or locations outside premium areas. Choice of location remains key to keeping ownership affordable. Buyers in this income range can explore neighbourhoods that offer good value, such as Dubai South, Al Furjan, Jumeirah Village Circle and Dubai Silicon Oasis, experts say.
Industry specialists highlight that higher salaries in the range of Dh35,000 to Dh50,000 provide broader flexibility across locations and property types.
Are you thinking of buying property in the UAE? Are your finances in order? Email us at pf@thenationalnews.com.
Have a great day.
UAE home ownership now affordable for residents earning Dh15,000 a month
People earning under Dh15,000 a month should look at locations such as Dubai Silicon Oasis. Satish Kumar / The National
Home ownership is within the reach of professionals in the UAE who earn between Dh15,000 ($4,084) and Dh20,000 a month, although the choices will be “highly selective” and concentrated in value-led communities, according to experts.
Monthly incomes in the range of Dh35,000 to Dh50,000 usually provide the greatest flexibility in terms of locations, they say.
The minimum salary required by UAE banks to approve a mortgage for first-time buyers varies by lender.
National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
UAE currency: the story behind the money in your pockets
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
if you go
The flights
Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.
The hotel
Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850
Events and tours
There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com
For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art.
The lowest safety level. These labs work with viruses that are minimal risk to humans.
Hand washing is required on entry and exit and potentially infectious material decontaminated with bleach before thrown away.
Must have a lock. Access limited. Lab does not need to be isolated from other buildings.
Used as teaching spaces.
Study microorganisms such as Staphylococcus which causes food poisoning.
Biosafety Level 2
These labs deal with pathogens that can be harmful to people and the environment such as Hepatitis, HIV and salmonella.
Working in Level 2 requires special training in handling pathogenic agents.
Extra safety and security precautions are taken in addition to those at Level 1
Biosafety Level 3
These labs contain material that can be lethal if inhaled. This includes SARS coronavirus, MERS, and yellow fever.
Significant extra precautions are taken with staff given specific immunisations when dealing with certain diseases.
Infectious material is examined in a biological safety cabinet.
Personnel must wear protective gowns that must be discarded or decontaminated after use.
Strict safety and handling procedures are in place. There must be double entrances to the building and they must contain self-closing doors to reduce risk of pathogen aerosols escaping.
Windows must be sealed. Air from must be filtered before it can be recirculated.
Biosafety Level 4
The highest level for biosafety precautions. Scientist work with highly dangerous diseases that have no vaccine or cure.
All material must be decontaminated.
Personnel must wear a positive pressure suit for protection. On leaving the lab this must pass through decontamination shower before they have a personal shower.
Entry is severely restricted to trained and authorised personnel. All entries are recorded.
