Colo,
There are lots of properties below 200k some in good areas, it all depends on your personal circumstances. You can also buy 4 beds for between 2-3m if not going straight to premium locations and 5 beds at the villa for about 3.6m. When looking at economics if you did buy for say 3.5m with a 2.5m mortgage you would pay 2k/ month under the allowance with a 25 year loan. If the price went nowhere you would make equity with the company paying.
Try:
4 bedroom villas for rent in Dubai | propertyfinder.ae
Avoid off plan unless with a reputable developer EMAAR, DP etc.
http://www.propertyfinder.ae/en/sear...&bf=5&bt=5&ft=