If you are planning to move to Dubai in UAE, the question of whether you are going to buy or rent a home there arises. While renting may seem like a good idea in the beginning, if you are looking from a financial standpoint, then looking at apartments to buy in Dubai Marina or elsewhere may be a better choice.
There are lots of things to consider when trying to decide whether renting or buying is better for you. Weighing factors such as what time of life you are in, the status you want to maintain, the lifestyle you want, your income streams, etc. will help you decide the choice. Here’s a look at some of the things that should be considered when you are trying to make a decision.
You Need Good Money to Buy
The Dubai property market for buyers can be pretty expensive especially when you are looking at areas such as the Dubai Marina and other top neighbourhoods. You need good money to make an investment decision and the process will continue increasing for many years to come. Even if you borrow to buy your home, you will basically be paying to live in your own home.
The rental market on the other hand is inexpensive and you don’t need much to get started on it. Finding a home for rent is comparatively inexpensive so you can get one without much ado. If your finances are not where they should be, then renting may be a better option.
A Forever Home
The concept of a forever home entices many people and why shouldn’t it? Buying and living in a home you consider your
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