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Real Estate in Dhaka, Bangladesh | Digital Nomad Exchange
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Real Estate in Dhaka, Bangladesh

By Joshua Wood, LPC

Last updated on Nov 09, 2024

Summary: The most desirable neighborhoods in Dhaka, Bangladesh are Gulshan, Banani, Baridhara, Uttara, and Dhanmondi. The average cost to buy a nice 2 bedroom home in Dhaka is around $100,000 USD, while a nice 3 bedroom home can cost around $150,000 USD. These properties typically include modern amenities such as air conditioning, internet access, and security systems. Foreigners are allowed to purchase property in Dhaka, however, they must obtain permission from the Bangladesh Bank before doing so. An expat looking to buy a home in Dhaka should start by researching the different neighborhoods and their amenities. They should also consider their budget and the type of property they are looking for. It is also important to consult with a real estate agent who is familiar with the local market and can provide advice on the best areas to buy in.

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How do I find a place to live in Dhaka?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Basically my company decided. All expats lived in Gulshan area so we went for same. Baridhara seemed nicer but it was more expensive too. Now they have started construction on high buildings everywhere in both Gulshan and Baridhara and it is quite tough to live in these areas. In a few years these areas will not be so called residential anymore. My company used an agent to see apartments," said one expat who made the move to Dhaka.

"Finding a place to live in Dhaka can be a daunting task. The best way to start is by researching the different neighborhoods and areas of the city. You can look for listings online, or ask friends and family who live in the area for recommendations. Additionally, you can contact local real estate agents who can help you find a place that meets your needs. Once you have narrowed down your search, it is important to visit the area in person to get a better feel for the neighborhood and to make sure it is a good fit for you," explained one foreigner living in Dhaka, Bangladesh.

What is a typical expat home or apartment like in Dhaka?

"Expat homes and apartments in Dhaka are typically modern and spacious, with air conditioning, high-speed internet, and other amenities. Many expats choose to live in gated communities, which offer a greater sense of security and privacy. These communities often have swimming pools, gyms, and other recreational facilities. Expat homes and apartments in Dhaka are typically well-furnished and equipped with modern appliances. Many expats also choose to hire a housekeeper or cook to help with daily tasks," said one expat in Dhaka.

What is the average cost of housing in Dhaka?

If you are thinking about moving to Dhaka, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Dhaka can vary greatly depending on the area and type of housing. Generally, housing in Dhaka is relatively affordable compared to other cities in the region, with prices ranging from low-cost apartments to luxury villas. Rent for a one-bedroom apartment in a decent area of Dhaka can range from around $200 to $500 per month, while a three-bedroom apartment can cost anywhere from $400 to $1,000 per month," explained one person living in Dhaka, Bangladesh.

"Higher. It is difficult to compare, but for a decent apt in Bucharest it will be a few hundreds euro. In Dhaka, it is thousands," said one expat in Dhaka.

Should I buy or rent a home in Dhaka?

If you have not spent a lot of time in Dhaka, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Dhaka can be a great investment, as the city is growing rapidly and property values are increasing. However, it is important to consider the cost of living in Dhaka, as well as the availability of housing. Renting a home in Dhaka can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be living in the city. Additionally, renting can be a good option if you are not ready to commit to a long-term purchase. Ultimately, the decision to buy or rent a home in Dhaka should be based on your individual needs and financial situation," said one person in Dhaka.

What do I need to know when buying property in Dhaka?

When we asked expats what advice they would give a foreigner before buying a property in Dhaka, they said:

"When buying property in Dhaka, it is important to research the local market and understand the legal requirements for purchasing property. It is also important to be aware of the local infrastructure, such as access to public transportation, water, and electricity. Additionally, it is important to be aware of the local zoning laws and regulations, as well as any restrictions on foreign ownership of property. It is also important to be aware of the local taxes and fees associated with purchasing property. Finally, it is important to work with a reputable real estate agent or lawyer to ensure that the purchase process is completed properly," explained one foreigner living in Dhaka, Bangladesh.

Are foreigners allowed to own property in Dhaka?

When we asked expats what advice they would give a foreigner before buying a property in Dhaka, they said...

"Foreigners are allowed to own property in Dhaka, but the process can be quite complex and may require additional steps compared to local citizens. Foreign nationals need to obtain permission from the Ministry of Home Affairs and the Board of Investment before purchasing property. Additionally, they may face restrictions on the type of property they can buy, such as being limited to apartments or commercial properties. It is also important for foreigners to work with a reputable lawyer and real estate agent to navigate the legal and bureaucratic processes involved in property ownership in Bangladesh," explained one expat in Dhaka.

What appliances are typically included in a rental?

We asked foreigners in Dhaka what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Dhaka, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, air conditioner, and water heater. Depending on the property, some landlords may also provide additional appliances such as a dishwasher, clothes dryer, and water purifier," remarked one foreigner who made the move to Dhaka.

Additional Information about Searching for a Home in Dhaka:

We asked foreigners in Dhaka what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Dhaka typically begin by researching online through various property listing websites and expat forums. They may also seek recommendations from friends, colleagues, or other expats who have experience living in the area. Additionally, they might consult with local real estate agents who have expertise in finding suitable accommodations for foreigners. Expats often prioritize safety, proximity to their workplace or international schools, and access to amenities such as grocery stores, restaurants, and healthcare facilities when searching for a home. They may also consider factors such as the availability of furnished apartments, the presence of a reliable security system, and the overall quality of the neighborhood," explained one foreigner living in Dhaka, Bangladesh.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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