Here’s how much you could save by buying.
How we work this out
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First of all we work backwards to get how much your property is probably worth – we do this by assuming your rent is 7% of the value of the property, which is pretty standard amongst property in Abu Dhabi.
We then apply the mortgage rate to 80% of that value (you can only borrow 80%, you’ll need to find 20% deposit in cash). Mortgages make up two payments, interest and principal. Principal is paid to reduce the loan, and interest is lost to the bank (in the way you currently lose rent to the landlord).
We then take your current rent, subtract the interest part of the loan, subtract a further 5% of the rent (this is the municipality fee that owners don’t pay), et Voila! This is your saving. If you want us to make a bespoke calculation just for you click on the button below.
Kindly provide us the following information and we will send you a more in-depth computation.
We normally call back within an hour.