So, you have moved to Dubai, and being an expatriate, the biggest expense you have is the rent. And if you choose to live in Dubai – be ready to spend a significant portion of your salary on rent. Therefore, renting vs. buying has ever been a hot discussion but what the right decision is, depends upon several factors. Make a well-informed decision because the outcome will not just affect your lifestyle but decide your financial health in the long run.
Many pros and cons are associated with buying or renting a property in Dubai. With people moving to the UAE and property prices are relatively low, it seems like the best time to buy a property in Dubai. Moreover, developers keep sending out compelling messages such as “buying is better than renting”. However, many are still indecisive either due to uncertainty about their stay in this country, transaction procedure, or a lack of trustworthy real estate agents. Let’s get into it and help you reach a conclusion.