What Dh1m can buy you on the UAE’s property market – The National
- Date: 29-Jul-2020
- Source: The National
- Sector:Real Estate
- Country:UAE
What Dh1m can buy you on the UAE’s property market – The National
Buyers can get more for their money thanks to lower deposits, softening prices and smaller unit sizes, say industry experts
One-bed serviced apartment in Paramount Tower, Business Bay, Dubai. Listed price: Dh1m. Courtesy Luxhabitat Sotheby's International Realty
One-bed apartment in Marina Heights, Dubai Marina. Listed price: Dh735,000. Courtesy Espace Real Estate
Two-bed apartment in Sun Tower, Al Reem Island, Abu Dhabi. Listed price: Dh1.1m. Courtesy Crompton Partners Estate Agents
One-bed apartment in Cayan Tower, Dubai Marina. Listed price: Dh1.2 million. Courtesy Luxhabitat Sotheby's International Realty
One-bed apartment in Al Nada 2, Al Muneera, Al Raha Beach, Abu Dhabi. Listed price: Dh1m. Courtesy Crompton Partners Estate Agents
If you're looking to invest in the UAE's property market, then what can Dh1 million buy you in the current climate?
Softening sales prices over the past few years, developers building smaller unit sizes and the lower deposit now required to secure a mortgage makes buying a home to live in, or as an investment, more affordable, say industry analysts.