Michaela
If you think the accommodation allowance will be available in 5 years time, let alone the duration of a mortgage then I have a bridge to sell you.
What do you think the Meydan “Projects” are all about?
The idea is to build cheap accommodation so they don’t have to pay millions in accommodation allowance. The build cost of each Meydan unit is less than the yearly allowance for a captain. And they get to keep the property.
On top of this they simplify the accommodation department’s workload, transport requirements, hours of administration with other landlords, distribution of allowances etc.
Once they have build thousands of units, (which are well on their way) they will offer anyone who is out of company accommodation a unit. If they don’t want it they will be told they can fend for themselves and there will be successive cuts in the accommodation allowance or they will simply withdraw it.
At the very least it will not be offered to new joiners in the very near future.
Don’t do your financial planning with the accommodation allowance factored in. That would be folly indeed!
After all, if you view it from their perspective, they are simply going to do what you plan to do: Pay for their cheap building with the accommodation allowance they were going to give you!