Buying or renting a property?

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Natalie 21 Rep. Tom edited question

Is it cheaper to buy or rent a property in the UAE?

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denhamste 63 Rep. denhamste answered

Its cheaper to rent a property.

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    Jon Richards 917 Rep. Jon Richards answered

    If you look at the monthly cost of paying a mortgage vs paying rent, you will normally find its much cheaper to pay a mortgage.

    However, buying a property in Dubai is very expensive. The deposit alone is 25%. Add to that the registration fees, realtor fees, mortgage processing fees…. this all adds up very quickly

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