Hindsight provides 20-20 vision and those who buy property for the first time often wish they had done things differently. Buying a home in the UAE presents different experiences for people, especially those who are purchasing a house for the first time. A ‘value’ buy is the operative word now, simply because units available in established communities are at the top end of their purchasing bands and therefore not fetching much by way of appreciation.
Hence, the approach must be to consider carefully what is available in terms of pricing and potential for future appreciation before making a choice. This concept operates for landlords and home owners, as buying, or renting, in locations that are already mature may not be the best decision taken by either party. There is plenty of choice as the UAE gears up to present a number of locations that are being designed and repurposed for potential homeowners. The eye is clearly towards the future as varying options present themselves, especially in mainstream locations. So the objective must be to do the maths, check personal finances and buy responsibly.
