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.
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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.
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Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
Moment of the day Lahiru Gamage appeared to have been hard done by when he had his dismissal of Sami Aslam chalked off for a no-ball. Replays suggested he had not overstepped. No matter. Two balls later, the exact same combination – Gamage the bowler and Kusal Mendis at second slip – combined again to send Aslam back.
Stat of the day Haris Sohail took three wickets for one run in the only over he bowled, to end the Sri Lanka second innings in a hurry. That was as many as he had managed in total in his 10-year, 58-match first-class career to date. It was also the first time a bowler had taken three wickets having bowled just one over in an innings in Tests.
The verdict Just 119 more and with five wickets remaining seems like a perfectly attainable target for Pakistan. Factor in the fact the pitch is worn, is turning prodigiously, and that Sri Lanka’s seam bowlers have also been finding the strip to their liking, it is apparent the task is still a tough one. Still, though, thanks to Asad Shafiq and Sarfraz Ahmed, it is possible.
What are the influencer academy modules?
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Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
