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To Buy or Rent Property in Dubai by Prop Square





Article Author Biography
To Buy or Rent Property in Dubai by
Article Posted: 08/19/2013
Article Views: 31
Articles Written: 8
Word Count: 431
Article Votes: 0
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To Buy or Rent Property in Dubai


 
Real Estate
If you are deciding to move to Dubai, you would certainly be confused over buying or renting property in this city. Real estate in Dubai has been flourishing rapidly and this is the high time to make the most of it. The market in this city is open to investment and has been garnering attention from around the world. It is also important to note here that the rent property in Dubai is inexpensive then the mortgage that you would have to pay.

So if you are confused over whether you want to buy or rent property in Dubai, it all boils down to how long you want to stay here. It all depends on the kind of property you are looking for, the liquidity that you have and the economic plans that you have in mind. Keeping all this in mind is vital because this is how you would be able to make the most of the opportunities available in this land. It was in 2002 when it became possible to own freehold property in Dubai. Those who made the decision to buy property in Dubai, UAE then are the happiest of the lot.

The price of rent or buying property in Dubai has skyrocketed now. This is why you should measure every aspect before you plan to invest in real estate in this city in anyway. If you do not plan to live in Dubai for more than 3 years then it is not wise that you choose to invest here in anyway. It would be far better that you rent property in Dubai. Living in this city for a short period does not make you eligible for buying property because the mortgage rates are also very high in here.

So if you are here with a short term perspective, it is wise that you do not buy property in Dubai, UAE. You would be far off better with rent property in Dubai and it certainly would be a wise decision. The projects which are nearing completion can be the right destination for you as you would be able to get property at low rates. Those considering making the most of their time and investment while they stay at this place for a short time would definitely find it better to choose to rent property in Dubai. So make the right decision and make the most of the real estate in UAE.

Author Bio:

The author helps investors to buy property in Dubai, UAE. He also has rent property in Dubai.For more information visit to: http://www.propsquare.com

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