Housing is one of the great challenges about setting up in Dubai. Expat packages either include housing or an allowance to cover at least part of your accommodation costs, although the amounts are much smaller than in the boom days so it’s likely that you’ll need to top up from your own pocket to cover the rent or mortgage.

The first question to answer is: to rent or to buy? Most expats opt for renting as it gives you more flexibility, particularly when you first arrive in Dubai and are unsure of the best location to live in. Also, you need to have lived in Dubai for a minimum of six months before you can apply for a mortgage with a UAE bank, so your first year at least is likely to be in rented accommodation.

However, an increasing number of expats living in Dubai are now choosing to buy rather than rent property as they plan to put down longer term roots. Unfortunately, the days of getting a 90% mortgage are over, and at the end of 2013 Central Bank announced a new ruling to cap mortgages. As restrictive as it sounds the good news for those wanting to buy a home is banks have dropped interest rates to attract borrowers.

Latest News

View More
  • Broadway nights

    Downtown Dubai, dubbed the ‘Centre of Now’, and the nearby dynamic financial district, are hotspots for t...

  • An alternative mall experience

    There is much more than stores and eateries at The Dubai Mall, one of the world’s largest shopping destinations...

  • Dubai's stunning architecture

    The UAE continues to develop at pace and almost every week makes incredible announcements. There are too many formid...

  • Eats, engines & entertainment

    The culinary culture in Dubai takes a detour from its usual gastronomic delights to introduce a new breed of ‘m...

  • Innovative workspaces around Dubai

    Traditional office settings too mundane? Or perhaps one too many distractions while working from home? We have the so...

Newsletter Subscription