Thursday, April 25, 2024
6.6 C
New Jersey

Examining the Duration Required for a Worker to Purchase a 50 Square Meter Apartment in Your Nation: Insights from Arab and Global Metropolises

Must read

Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

Having an apartment has become one of the pillars of life in the world, in addition to other elements such as the cost of living, the availability of security, and the availability of medical services at reasonable prices.

Buying an apartment in many countries of the world has become a dream because of its high price and inconsistency with a monthly salary. A study based on data published by the Numbio website showed how many years an employee needs to work in order to be able to buy a 50 square meter apartment in his city where he lives and works.

According to the report, a worker in Riyadh, Saudi Arabia can buy an apartment after about 2.09 years of work, while a worker in Dubai, UAE can buy an apartment after 2.20 years of work.

Below is a graphical table that determines the number of years that you need to work to buy an apartment of 50 square meters, based on the data of the average monthly salary and the average price per square meter:

Source: RT

More articles

Leave a Reply

Latest article