There are those of us who want to move around and see the world and there are others that want to settle down and start a family. For the latter, it might make perfect sense to save up a lot of money so that you can put a deposit down on the purchase of a home. For the former, buying a property only ties them down further and so they prefer to rent.
People have different goals and some people just want to travel to see the world and to experience other cultures. They can’t do any of these things if they are committed to a mortgage that has to be paid for the next 30 to 35 years and so there are properties to rent in Dubai that are the better option. The following are just some of the benefits of renting rather than buying.
- More amenities – If you own a property and you want your own swimming pool then it’s going to cost you a significant amount of money to make that happen. When you rent, there may be a common swimming pool provided for everyone as well as a gym and other things.
- The ability to move on – Sometimes life is not working out in a particular location and if you have a mortgage then you’re tied to that area. If you are renting on the other hand, you have the ability to up sticks and move when you want.
Hopefully these two reasons can give you an idea about why renting a property is much more preferable to purchasing one outright.