First Abu Dhabi BankFirst Abu Dhabi Bank P.J.S.C
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A global survey of over 20,000 people who live and work abroad placed the UAE among the top 5 of the best places in the world to live and work. This is a testament to the country’s potential as a leading global economy owing to its keen focus on infrastructure, overall quality of life, innovation and inclusion amidst diversity.
It depends on the length of your stay, which means if it’s a short term stay for a few years then renting is more economical. On the other hand, if you plan to stay in UAE for a longer duration, buying a home is more beneficial. On average, the total amount you will pay for renting a two-bedroom apartment in UAE for a few years can be used as the instalment for buying a forever home in UAE.
As UAE residents adapt to a flexible work style, there is a growing demand for homes that offer more space that allows them to separate “work-life” from “personal-life”. In addition to the need for space, residents are also on the lookout for homes that provide ample natural light, fresh air. Above all, competitive prices and mortgage rates make UAE a very conducive property buyer’s market.
For decades, the UAE has proven to be one of the most lucrative business destinations globally owing to its political and economic stability, safety and infrastructure and policies that support investors from all over the world. It is a dynamic business hub that is strategically situated in close proximity to Europe, Asia and Africa, within approximately an 8-hour flight, making it accessible to three-fourths of the global population.
Zero income tax on salaries of UAE residents
Excellent standard of living
Among the safest countries in the world
The strategic location keeps it well-connected to the world
Competitive prices and rental revenues
The stable and established property market
Regulated market on par with international destinations
Consistent development and innovation