When it comes to buying vs renting a house, there is always a doubt about which makes the most financial sense. Both sides have their cons and pros, leading the decision-making process a bit confusing.

Buying your own place can be an investment and comes with the certainty of a fixed mortgage payment, but it also has lots of unexpected costs and can take a while to build equity. On the other hand, renting is typically more affordable and flexible, but gives residents less control over the property and also it comes with more dependency.

With more than 200 nationalities living in the country, UAE has become home for many. For many, Dubai is just a temporary address, and for the same, it’s always been preferred to get a rented apartment. However, things are changing, and changing very fast. Generally speaking irrespective of where you stay or the kind of accommodation you use, we can all agree that rent is the biggest monthly expense for any expat in the UAE.