Dubai Forums Dubai Expat Forums Dubai Expat Help Forum

I'm getting mixed reviews as to whether to buy or rent. A lot of expats suggest renting for one year to get used to everything, and build equity. For me, it makes sense to buy even if the price remains the same. Any specific thoughts are this?

Also can someone provide some insight on mortgages - rates - what one needs etc?

Also can you get a mortgage for an off-site property (that takes deposits over a period of time)

Thanks

To rent or purchase?

In my opinion purchase, renting is just throwing money away.

Mortgages are available try reading through the following;

http://www.dubaiadvice.com/

pasha wrote:, it makes sense to buy even if the price remains the same.

What if the pirce goes down? something to keep in mind and a high probability currently.

Also good to factor in how long you are planning to live in the UAE? have you even been here before? are you sure you'll like it here? truthfully the life here isn't for everyone.

Just questions to ponder.

Good luck in whatever you decide.

I think that renting for one year is an excellent idea. Best to wait to see if you like Dubai, plan how long you will be here, and keep an eye on the housing prices which are likely to go down once all the new apartments etc. come online within the next six months.