Should you rent or buy a home? UAE residents, experts offer six tips to help you decide!

Should you rent or buy a home? UAE residents, experts offer six tips to help you decide!

Dubai: The pandemic situation has created a high demand among the residents to upgrade the sizes of their homes for better living. Attractive property prices and favourable mortgage interest rates have further fueled people's desire to move into a self-owned home instead of a rented house. Long-time Dubai resident Anjana Ravi has recently moved into a townhouse villa in Nshama Town Square, located along Al Qudra Road. She plans to live in this country for several more years; so, she invested in a property after carefully considering that such a decision would help her enjoy a comfortable life in this city. Ravi wanted to capitalise on the attractive rates offered in real estate. "This year in February, we bought a three-bedroom townhouse priced at Dh1. 37 million in Nshama Town Square," said Ravi, a business development manager at an IT firm. "We wanted to move into a bigger space with a private backyard to do some farming and gardening. This home has a private backyard and ample space, maid's room, storage and laundry room, serving all our needs. Our house also offers fantastic scenes of the desert; we get beautiful views of the sunset and dazzling stars in the dark