Want to buy your first home? Here’s how much you could save by buying.
Buying vs Renting Calculator
Total Savings:
Year 1 Mortgage Breakdown (25-year term at 5% interest)
Interest Payment
ADM Fee Savings
Principal Payment
This amount goes towards your ownershipTotal Bank Payments
Required cash deposit:
* Bank approval required for purchaseHow do we calculate these numbers?
We start by estimating your property's value, assuming your rent is 7% of the property's worth - a standard ratio in Abu Dhabi.
The mortgage calculation is based on 80% of the property value (20% deposit required). Your mortgage payments consist of two parts: principal (which builds your equity) and interest.
Your savings are calculated by comparing your current rent plus municipality fees against the interest-only portion of your mortgage payments, as the principal payments contribute to your property ownership.