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Think you can’t afford to buy a home in Dubai? Think again

Dubai is experiencing an accelerated housing demand for many reasons. If you are planning to own a property in Dubai, here’s all you need to know about buying, financing, and investing in the city’s ever growing real estate market.

Living the dream

Dubai has been one of the most desirable destinations in the world for a long time. The city of sky high buildings and luxury lifestyle has made unconditional progress in the last couple of years and opened doors for expats to own a property in Dubai.

With rising employment opportunities, ease of doing business, affordable housing, and incredible infrastructure, Dubai is home to people of over 200 nationalities. Investors and homebuyers around the world are eyeing properties in Dubai, considering the variety of residential options and the lifestyle this city has to offer.

Affordable prices and high return on investment in Dubai

Buying a home in Dubai might come across as a challenge, especially when you think of the expenses. However, you may be surprised to know that Dubai property prices per square meter are much lower when compared to other global cities. Supporting the luxury aspect, the real estate in Dubai also offers a better return on investment (ROI) on properties which makes it a preferred choice for global investors. Source: Global Property Guide

Wide range of residential properties in Dubai

Increasing career opportunities and migrating population has created a new demand for housing in the UAE. The government came up with new property ownership laws and designated several freehold areas where expats can own a property in Dubai.

Since the amendment of the new ownership laws, the real estate development in the UAE has increased manifold, resulting in newer projects. The variety of residential properties in Dubai ranges from studio apartments to high-end penthouses and from compact townhouses to multi-bedroom villas. Whatever your need be, you will surely find a suitable place within your budget in this evolving city.

Simplified home financing options

As realtors strive to develop new and unique projects, more and more people are considering buying a property over renting, mainly because of the long term benefits of property investment and overall economic stability in the UAE.

Dubai has been a hub of international trade and business with a strong network of banks offering home loans to buy a property in Dubai. The government allows mortgage of upto 80% of the property cost for UAE residents and upto 50% for non-residents to reduce the financial burden that comes with buying a home in Dubai.

While there are many options for home financing in Dubai, it is important to do your own research by checking eligibility, comparing bank rates and choosing the best deal for you. Affording a home in Dubai is much easier when you make right decisions and work with experts who are as determined as you to meet your housing demands and find you the best deal in the market.

Here at Huspy, we aim to simplify the home buying process from finding a right home to financing it within a few easy steps.

Home financing with Huspy

Having partnered with top banks and financial institutions in the region, Huspy helps you find the best mortgage plan for your home. Gone are the days where you had to plan countless visits to the bank followed by never-ending paperwork to process your home loan. With Huspy, it’s easier to finance your dream home. The intuitive platform and a team of expert consultants support you throughout the process to find the best deals for you.

Just go to huspy.com and explore personalized bank loans, find the best deal, and get pre approved for a mortgage, all online within a few clicks. The best part is that our consultants will take care of everything right from initiating the process to dealing with the bank and legal requirements. So that you can rest assured and focus on a more important thing i.e. rejoicing the idea of being a new home buyer.


Written by Huspy Team

Published on 11 October 2022

Home buying made simple

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