Rent vs Buy
Which is more cost-effective in the UAE: buying or renting a property?
Which is more cost-effective in the UAE: buying or renting a property? Choosing between renting and buying in the UAE depends on your stay’s duration. Short-term? Renting saves money. Long-term? Buying makes sense. On Average, the rent you would pay for a two-bedroom for a few years could be your down payment for a home to own in the UAE.
Results
Rent Cost: AED
Buy Cost: AED
Decision:
Buy vs Rent Calculator
Deciding between renting and buying? To determine which option is best for you, compare costs using our calculator.
Rent Cost Breakdown
Monthly rent
AED 14,167
Agent commission
AED 8,500*
TOTAL RENTING COST OVER 10 YEARS:
AED 1,708,540
*Based on a one time agent commission fee
+ VAT where applicable
Buy Cost Breakdown
Down payment of 20%
AED 400,000
Buying fees Show Breakdown
AED 120,580
Agent fee:
ADM Transfer Fee:
AED 40,000
AED 80,580
Monthly mortgage payment
AED 8,010
TOTAL BUYING COST OVER 10 YEARS:
AED 1,481,780
+ VAT where applicable
Disclaimer:
The purpose of this calculator is to aid in the comparison of financial factors associated with purchasing or renting a property. The numerical figures generated by it are approximations and may not be an accurate reflection of personal financial circumstances. Factors such as fluctuating interest rates, property values, and rental costs can change over time which could influence accuracy. Please be aware that this calculator does not cover all aspects which may significantly influence the overall financial assessment. For a complete analysis, it is advisable to seek advice from certified experts. By using this calculator, users agree to specified terms and conditions and understand its limitations.
*Fee varies depending on each Emirate.