The UAE has been ranked as the best country globally for first-time home buyers – Katar Investments

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The UAE has been ranked as the best country globally for first-time home buyers

Dubai South the master planned ‘aerotropolis’, home to the Chinese Business Hub has been named in the list of the world’s five best neighbourhoods in the infrastructure and transport category (Source: Knight Frank).

Dana Salbak, Head of MENA Research at Knight Frank, said “Dubai South benefits from on-going government spending on infrastructure projects, notably the expansion of Al Maktoum International Airport and the Dubai Metro’s Red Line (Route 2020), which once complete, will add to the potential capital value growth in the location” (Source: Arabian Business).

The UAE has been ranked as the best country globally for first-time home buyers, according to MoveHub, which determined the best countries for first-time buyers using data from the Global Property Guide and the Hay’s Group Global Salary Forecast. Factors incentivising first-time buyers to take the plunge are a correction in real estate prices in the UAE, attractive payment plans (weighted more towards payments post-handover), low interest rates and the availability of affordable low to mid-market units (Source: Khaleej Times).