Dubai Property Market - Buy or rent?

Real estate market in Dubai for a major economic force in the emirate. All of us know about the state of the art Dubai property projects comes every now and then. Real estate market in Dubai has experienced a growth spurt in recent years. At least once abroad, moving to this city wonders ponder on the question of whether to buy or rent in Dubai.

Foreigners, as a large proportion of the population of Dubai. When you consider that the real estate market in Dubai is very much in demand, they are often caught in the dilemma of a mortgage payment for personal property, or go for the rent is usually lower than the former.

Looking back at Dubai property market

2002: For the first time in the history of the Dubai property market, it was possible that foreign nationals to own freehold property in Dubai. At that time, property prices were relatively lower than in the current scenario in Dubai. Consequently, with lower mortgage to pay, those who bought property at that time was a wise step indeed.

From 2002: Due to cheaper real estate prices, more and more people went to the acquisition of real estate in Dubai. As a result, there was a great demand (even more than supply), in turn, the prices escalated. Currently, the rents are typically lower than the monthly rates.

Buy or rent property in Dubai - some tips

• stay of 3 years or even less time: Do not buy property in Dubai, if you stay in the emirate for three years or less. Rental property would be a better solution for you. A number of projects will soon get completed in Dubai rents to fall a bit.
• stays of longer than 3 years: If you stay in Dubai for more than three years, we can certainly consider buying a property in Dubai. Dubai real estate experts believe that the market trends will be reversed in a few years. So buying property in Dubai now could be a profitable step in several years. Choose a longer period for paying back your mortgage, so it is not a crunch in your pocket. One could even rent this property later.

Points, which help one decide whether to buy or rent in Dubai

• How long do you want to remain in Dubai?
• What kind of home do you want to go?
• If you want your money invested?

These points are paramount enter, make sure that you have an answer to your worries shot. Because of the dynamic nature of real estate in Dubai,