Buy Apartment in Dubai – Perfect Idea to have your own Home in Dubai

I want to have my own home. What new everyone desires the same? It is quite difficult to build a home when you are the sole earner of a family. Everyone mostly works from dawn to dusk for the complete month and the salary package almost covers the living and monthly expenses and most of the time the chances of savings vanished because of the highly inflation in the world. Most of the developed European nations like Greek, Spain, Italy, Poland, Denmark and Romania are facing extreme economic crises of the time and people of these national are migrating towards England and Germany for better living opportunism. The all I explain to understand the current situation but do not worry to buy apartment in Dubai is not a difficult task and be happy it’s almost is like your own home. Dubai is a global place and to have your own apartment in Dubai is best way to opt the services and opportunity if you are an expat.

How is it possible?

First we will discuss this thing ho we can buy apartment in Dubai? There are different ways such as to take the mortgage for home from different banks or other lender companies working in Dubai. Top banks of Dubai can easily give home loan on easy installments to everyone on different terms and conditions. Due to fast growing economy of Dubai, banking sector in Dubai has developed so much that it is now competing the world’s best banks. Financial experts are mostly interested in working for top banks of Dubai. It is also because bank in UAE provides best salary packages to their employees along with many incentives in terms of bonuses and medical allowances. Banks in Dubai are providing many facilities to their customers in life insurance schemes, wealth management sector, and financial management sector and also in home loan in UAE. These services are also considers the best because as banks provides these on a very low interest rate that could not met by banks working in other developed states.

Advantages and Disadvantages

Suppose you are an expat and live in Dubai. You work in a company and your monthly income is good that is mostly sufficient in Dubai as monthly wages of labor are also considers world’s best if we compare with other Middle East countries and even in comparison to many of the European countries. Now as we know most of the expatriates lives in small apartments or a single bed flats that are sufficient for a single person but we the other side of the picture that is about the rent rate of the flat it is extremely very high and it make a big cut over monthly income of an expat. This thing supports the idea to buy apartment in Dubai. So if I say the rate of monthly rent you paid for a flat is almost equal to an installment on a home loan in UAE through a bank if you want to buy apartment in Dubai then what you will say? It is completely true that most of the bank working in Dubai provides loan with lowest interest rate. So it is better to get loan from the best bank rather paying high rent which will give nothing at the end of the day. And if you could take loan from a bank purely for purpose to buy apartment in Dubai you can easily manage the monthly installments and at the end of your agreement you would be able to have your own home in Dubai. if we see the other side of the picture that is there any problem if you have your own home in Dubai then I must say as there is no tax on your asserts if you are local or an expat an lives in Dubai because it is tax free state and besides to buy apartment in Dubai or having a business in Dubai is very suitable for you future investments.

Cheapest Way

If you are planning to buy apartment in Dubai, then you should must visit the Mashreq bank once and discuss your idea with the best mind working there. The highly professional employees of Mashreq bank can give you best mortgage offers or financial packages if you want to buy apartment in Dubai.

Interested to write about financing and banking sector