Why is 880000 dirhams considered a low entry price for the current market

An entry price of 880000 dirhams for a one bedroom apartment is considered very low because the average price for similar units in developed areas of Dubai has crossed the 1 point 2 million mark. This lower price point minimizes the investor's risk…

The full explanation

An entry price of 880000 dirhams for a one bedroom apartment is considered very low because the average price for similar units in developed areas of Dubai has crossed the 1 point 2 million mark. This lower price point minimizes the investor's risk and mortgage burden while maximizing the potential percentage return on equity. It allows smaller investors to enter the market and benefit from the same infrastructure growth that drives the luxury segment.

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