When to think about buying a property in Dubai
When should I buy property in Dubai? The question often comes to mind for those considering a permanent life in the emirate. The city is booming with gorgeous properties, each offering a lifestyle that’ll evoke longing for the same in those living in other parts of the world.
Here’s the truth: buying a property is a big life decision. It involves a significant financial commitment for a period of time, which can be intimidating for many. And that’s okay! Keep reading to really ask yourself if you’re ready for your Dubai property journey.
You’re Financially Stable
The first (and most important) factor in buying a property is the money involved. Typically, a large amount of money is required to buy a property in Dubai and you need to think about whether you can pay this off.
Whether you’re an entrepreneur or an employee, you need to ask yourself: how stable is your income? Think about the money you’ve been making over the last two years. Is your income stable and consistent? Is the market you’re in a stable one?
If you’re employed by an organisation, think about what the work conditions are like. Is it a place that lacks stability, where people can get fired at any moment? Do you plan on sticking around at your place of employment?
Another key aspect to consider if you plan on getting a mortgage in Dubai is your credit score. Having a good credit score will increase your chances of obtaining a pre-approval on your mortgage.
You can afford the down payment
A down payment is the initial payment one must pay for the property. It constitutes a percentage of the property’s sale price. A common mistake made by first-time homebuyers in Dubai is not being aware of the down payment involved and ending up taking personal loans to pay it out.

In Dubai, the minimum down payment for property purchases varies based on the buyer’s nationality and property value. For properties worth AED 5M or less, expats are required to pay 20%, while UAE nationals pay 15%. However, if the property value exceeds AED 5M, the down payment increases to 30% for expats and 25% for UAE nationals.
For context, if you’re purchasing a AED 1M property, an expat would need to pay AED 250K, whereas a UAE citizen would pay AED 200K upfront. Understanding these financial commitments is crucial for prospective buyers planning their real estate investments in Dubai.
Now, these figures may sound a bit too much for many – but if you are thinking about when to buy property in Dubai, you need to have your downpayment in order. For starters, check out our guide to saving up for a downpayment in Dubai. We discuss in detail how to leverage a savings account, cutting expenses and setting a time frame.
And yes, if you don’t have your down payment sorted, it’s best not to take the plunge and buy a house in Dubai. Perhaps rent a cheaper apartment in Dubai, save money and then consider buying a home.
Please note: The downpayment mentioned above is standard. However, it may vary based on the chosen bank and borrower profile.
You’ve factored funds for additional costs
Obviously it is important to consider the cost of buying a property in Dubai, so you can be prepared for it. Budgeting for a property doesn’t just stop at its total price; you’ll have to factor in things like the agent’s commission, DLD fee, service charges, etc. Knowing how much your initial out-of-pocket expense would be is the first step.
Once you have bought the property, you will also have to consider things like maintenance costs and association fees. Apart from these, you might have to prepare for issues like broken pipes or air conditioning.
So, adjust your budget accordingly while factoring in additional expenses.
Please note: As of 1st January 2025, the mortgage amount no longer covers the 4% DLD fee and 2% agent fee, which means the upfront cost of buying property in Dubai now includes these expenses along with the downpayment.
Square foot rates of property are lower
If you’re considering when to buy property in Dubai, its best to monitor property prices and market trends constantly. This is the ideal way to ensure you make a wise decision.
When monitoring trends, look out for when the square foot rate of a property in the area you’re interested in drops. It’s rare, but can happen!
Unlike other countries, there is no best time to buy property in Dubai. But, there is a trend of sales transactions in the third quarter being the lowest in the year. You could look out for similar times of the year for the right time to buy property in Dubai.
A good time to buy a property in Dubai includes the summer months, public holidays and festivals. Monitor the market fluctuations using tools like Dubai Transactions to stay abreast on the price dips.
Major life change: You’re going to be in Dubai for a while
Have you transferred to Dubai for work and plan to be in the city for a while? Either that or you’re expecting your first child and are looking for a bigger space for the family. Another reason could be retirement and you want to spend most of your time in Dubai.
Whatever the situation, these life changes also mean you’ll be in Dubai for a good amount of time. This is a good time to think about what is more feasible: renting a house throughout your stay or purchasing a home, wherein – instead of paying rent, the funds go towards paying off your mortgage.
Of course, when making this decision, check that you’ve ticked off your budget and have factored in the costs (as we discussed above). Also, make sure that you won’t be making any job changes or dealing with income fluctuations.

Your Dubai rent is going up
Lately, the rent in Dubai has always been on the rise – owing to the demand for properties emirate-wide. If your rent is going way up than you’d like, it’s probably best you switch to buying a house.
Think about it: if your rent just keeps increasing, there is no way you’ll be able to keep your budget in check – especially if you’re planning to buy a home in the future. The only way you can actually have full control is to be a homeowner.
FAQs
Can an expat take a mortgage in Dubai?
Yes. In fact, there are quite a few types of mortgages in Dubai – such as offset mortgages, fixed-rate mortgages and more that they can consider. Non-residents of Dubai have a mortgage available too. Knowing this information can be useful after deciding when to buy properties in Dubai.
How can I choose between off-plan versus ready property in Dubai?
Off-plan properties in Dubai are those that haven’t been constructed yet. There are a few questions to ask when buying property off-plan, like being aware that the market can fluctuate and that the quality may not be what you expect. Our guide can help, so will talking to the developer and taking all the notes you can.
Another resource that can be of help is familiarising yourself with how to buy property in Dubai. Knowing the legalities can ensure that you adhere to the law throughout your property journey.
How can I identify areas with the best ROIs in Dubai?
To identify the best areas in Dubai to invest in, we’d recommend looking at resources like our Market Reports. We also have a guide to the areas in Dubai with the best ROIs based on the data from Bayut.
And that’s the end of our discussion on when you should buy a property in Dubai. This is a question that requires a lot of thought, and we hope our prompts help. The benefits of buying property in Dubai must be considered before taking any giant steps.
For more property talks, stay tuned to MyBayut, the UAE’s biggest property blog.