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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People earning under Dh15,000 a month should look at locations such as Dubai Silicon Oasis. Satish Kumar / The National
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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