Six bed in Paris or two in Dubai?

Six bed in Paris or two in Dubai?
7DAYS | September 1, 2015

You might be able to look out of your two-bedroom apartment in Downtown Dubai and get a stunning view of the Burj Khalifa. But for the same price you could get a view of the Eiffel Tower from a six-bedroom flat in the French capital of Paris. So says new research by Dubai-based property portal propertyfinder
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It looked at the price of renting a two bed in Dubai – and the equivalent of what you can get for your bucks in various other parts of the world.

Paying $2,500 – $3,000 a month for a two bedroom flat in somewhere like Barsha, Bur Dubai or Deira costs the same as a studio in coveted Covent Garden or Charing Cross in London.

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3countriesWhile shelling out $3,500 – $4,000 for a two-bedroom place in either Dubai Marina or JLT would get you a four-bedroom villa, with a swimming pool, in Sarayat Al Maadi in Egypt.

But Alya Kebiri, digital content manager at propertyfinder.ae, cautions that before we all book the next direct flight to Paris with plans to live in a six-bed flat in the Trocadero, there’s a few things to remember.

4countries “There are no income taxes in Dubai, which makes salaries here higher than in these cities,” she said.
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“And the chances to find a job in Dubai are higher for all educational backgrounds, which is not the case in these countries. There’s also affordable services that are cheaper in Dubai than in say Paris and London.

“So yes, a two bed in Downtown can technically get you a six bed in Trocadero in Paris, but chances that you land a job that will pay you enough to afford that place and the lifestyle that goes with it are extremely thin.”

Posted on September 14, 2015 in Property, Real Estate

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