Luxury

Savings of up to Dh77,000: High rents in Dubai see some tenants move to Sharjah, Ajman, UAQ

Many tenants in Dubai are moving to Sharjah and northern emirates due to increase in rents, increased quality developments, and hybrid work arrangements that offer more locational flexibility to employees.This is the third cycle, akin to the previous two cycles of 2009 and 2014, where tenants are locating to northern emirates to beat rising rentals. Industry executives suggest that tenants can save around...

Dubai real estate: How much should you earn to buy property worth $1 million?

Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to expertsThe typical down payment for a $1 million home in Dubai is 20%. Image: ShutterstockDubai’s real estate market is booming, with property transactions hitting record highs. As local and international...

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