DUBAI 23 July 2019: Dubai Land Department (DLD) has launched Manzili calculator, which helps you choose what kind of property you can buy with your income and projected savings.
It displays all properties that match a customer’s financial capabilities with preferential options. All you need to do is enter your current and monthly savings, including location and space, among other considerations.
The calculator also offers the first search mechanism that is not solely based on the customer’s current financial situation, but also takes into account monthly savings capacity when generating results.
The Manzili initiative provides real estate opportunities for young government and private sector employees according to their monthly incomes and takes into account their needs and aspirations for the future, which enhances their culture of saving and supports their investment decisions.
Majida Ali Rashid, CEO of the Promotion and Real Estate Investment Management Sector at DLD, stressed that the Manzili initiative aims to provide real opportunities for employees of different nationalities working in the UAE and enable them to purchase homes that match their needs.
Rashid added: “This innovative initiative was based on facts set in place by real estate companies and the Emirate’s public investment landscape that anyone can buy the right home, find a home financing plan, or even start saving to purchase a property.”