Renting vs. Buying Property in Dubai: A Guide for Newcomers

If you plan to stay for a short time in Dubai or need temporary accommodation before you purchase your own home and orient yourself in Dubai and its location, then renting will be suitable.

While sealing the employer-employee agreement, issues to be negotiated include the provisions of the accommodation facilities because the cost of housing in Dubai is relatively expensive.

This is usually tendered for a limited period since most employers who post their employees and new recruits to the region provide employee housing or a housing allowance.

Is it better to rent or purchase real estate in Dubai? 

Another nation in the Middle East that stands out as one of the best for foreigners to buy freehold properties is the United Arab Emirates. Dubai, identified as one of the leading real estate cities in UAE, is one among the most famous cities in the region. A number of south Asian investors especially of Indian and Pakistani origin have bought houses in Dubai for residence purposes even though they cannot become citizens or get naturalized based on the properties they acquire.

Often people come to Dubai with the idea of being here for two to three years but then renew their visas and start thinking about owning an apartment. Depending on the financial capabilities, this could be a sensible decision, however, one should take into consideration that one has to pay 25% of the total value of the property at the beginning. Nevertheless, if the buyer has no definite idea on his or her future forecast, it may be safer to go with the rental.

Finding rental property in Dubai

In this case, if you are looking for a property for rent in Dubai, it may be more beneficial to visit multiple estate agency websites in an attempt to find the best property for rent but this may not be the correct move to make.

This is probably why some of the most sought after properties are sold and do not make it to the lists that an agency uses. Therefore, it is crucial to go out there and make your intentions known to ensure you are prepared when an opportunity presents itself.

Upon arriving in Dubai, there are certain things that you have to do; introduce yourself to your colleagues and neighbors, contact your employer, and look through the classified section of any newspaper for jobs.

Try to look for the possibilities in your working place, at the grocery store or in the gym and look at the notice boards.

First of all, one must decide which region will be most appropriate for the further work. Keep in mind two things:

• the easiness of accessing the stipulated residential neighborhood in relation to your place of employment while considering the time it takes during peak traffic hours;
• to cater for your budget and other individual needs as well.

Again, consult your colleagues on what they think would be appropriate under the circumstances. You can also go to the discussion boards and discuss with people who are also living in Dubai for some time. It is so special when local people are involved because they have the local knowledge. It is, in fact.

So one proactive thing you can do is get in your car, go outside, and go around Dubai.

And when you have found a beautiful property for sale in Dubai that you find interesting, do not dwell much because the best houses are sold quickly. If you have difficulties in finding a house, you don’t have enough time, or if your time is limited to a very short time to spend in Dubai, it would be more advisable to use the services of an estate agent.

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