Introducing

Dubai is one of the leading destinations among people wishing to make a profitable investment or purchase their dream residential home to experience a waterfront lifestyle. More and more people are interested in buying a property here, and one of the key questions is how much salary is needed to purchase a residential unit in Dubai? While some people prefer ready-to-move-in properties, others choose off-plan projects and take a loan out from the local bank. In this article we will calculate the minimum income you will need to become the owner of an apartment or villa in the most popular and in-demand areas in Dubai.

Why Invest in Dubai Property?

Dubai has been, and still is considered one of the safest cities in the world for several years in a row, according to Numbeo. Moreover, it’s the third safest city in the world for female travellers according to a study released by insurance website InsureMyTrip. And according to The Bucket List Company, Dubai is ranked fourth in the top most Instagrammable travel destinations in the world.

A wide range of job and business opportunities attract outstanding graduates, talented people and professionals from all over the world, as well as the warm climate and the crystal waters of the Arabian Gulf. Moreover, the emirate has become popular due to its successful combat of Covid-19 which included a mass testing strategy and a nationwide vaccination campaign.

If you wish to know more about the process of getting a mortgage in Dubai, Metropolitan Premium Properties real estate agents are always ready to provide you with the latest information. We work with major banks, including RAK Bank, Commercial Bank Dubai and Dubai Islamic Bank. Our specialists will gather all the necessary documents, put together your credit history, verify your income and help you to get a mortgage.

Note: New visa rules were launched in the UAE on September 5, 2022, which means a long-term permit to stay in the country has become more accessible. For instance, you can get a 10-year Golden Visa for you and your family members even if you purchase an off-plan property or take a loan from the bank. If you wish to move to Dubai or any other emirate, don’t miss the chance to read this article.