Interesting topic, especially to the many expats around the world. Buying can be very beneficial long term but costly when your plans change. I understand utilities are included in the company provided option? Beware of management fees, renovation costs, stamp duty, estate agent fees etc. Include the often neglected oportunity costs for the downpayment plus further expenses above the allowance down the route.
If you buy you are basically doubling down. If Dubai is succesful in the future you got potentially a safe workplace plus capital appreciation on your property. In a regional crisis you might lose job and investment.
Disclaimer: I know nothing about the real estate market/ finance rules etc in Dubai
Last edited by Meursault; 4th Mar 2024 at 01:46.