Housing
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...