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January 11, 2019

This online calculator helps Dubai residents decide to rent or buy

The Rent vs Buy Calculator compares the total cost of renting with the total cost of buying in the emirate. This is the first online tool that analyses which option is more wallet-friendly over the long term.

A July study from property portal Bayut found rental rates in Dubai had fallen between 2 per cent and 9 per cent over the past 12 months. Meanwhile, Dubai’s real estate sector slowed in the first half of this year with deals transacted falling 16 per cent year-on-year in value, according to a July report from the Dubai Land Department.

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