Exclusive Links Real Estate highlights the benefits of buying versus renting a property in Dubai

Exclusive Links Real Estate highlights the benefits of buying versus renting a property in Dubai.
 
Exclusive Links offers the complete property experience and this includes Sales, Leasing. Commercial and Property Management.  Recently we have had long term tenants of ours approach us to buy a property and in some cases they have successfully bought the property they are renting.
 
Property values and mortgage rates are at their lowest and competitive interest rates are available as low as 2.45%.  Buying a property could cost you less each month than renting and if you are a tenant you could ask yourselves these questions:

• Have you paid a rent increase this year?
• Do you worry about home security and longevity in the property you currently lease?
• Do you have control of your future costs?
• Would you prefer to pay towards an asset you own?

Examples of how this can work for you are:

1 Bedroom in Sports City | 500 sqft BUA
Sale Price AED 650,000 Monthly Mortgage AED2310  Monthly Rent  AED5166   SAVE AED 2856/month
 
1 Bedroom in Dubai Marina | 786 sqft BUA
Sale Price AED 1,250,000 Monthly Mortgage AED4440  Monthly Rent  AED7916   SAVE AED 3476/month

4 Bedroom in The Greens | 2457 sqft BUA
Sale Price AED 3,300,000 Monthly Mortgage AED11,723  Monthly Rent  AED17,500   SAVE AED 5777/month

(All mortgage calculations are based on Interest rates of 2.99%, 25% down payment over a 25 year term.)

This activity does keep the market moving and active and on the flip side it also ensures that landlords are securing new tenants paying current market prices.  Sitting tenants renewing year after year only increasing within the boundaries of the rental calculator are at times falling short of the current market prices.

Should you wish to explore this opportunity further or have an unbiased conversation to discuss your options please contact us and we will get our Mortgage Manager to be in touch.

   
Please feel free to share your thoughts and opinions in the comments below and share with your friends via our social media pages.
 

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 Exclusive Links Real Estate commits to excellence in every area of the real estate industry
ensuring that customers best interest are always of the utmost importance.