Calculator

Rent vs buy calculator

Compare what renting costs over the years with the real cost of buying once you count fees, interest, upkeep and the value you build up.

Property price (AED)AED 300,000AED 15,000,000Annual rent for a similar home (AED)AED 20,000AED 800,000Down payment (%)15%80%Interest rate (% a year)1%9%Buying fees (% of price)0%12%Upkeep (% of price a year)0%5%Rent rise you assume (% a year)0%10%Price growth you assume (% a year)-5%10%Years to compare1 yrs25 yrsMortgage term (years)5 yrs25 yrs

Over 7 years

Buying wins

Cheaper by about AED 664,156

Total rent paid

AED 919,495

Net cost of buying

AED 255,340

Your equity at the end

AED 1,152,756

Cash needed up front

AED 540,000

Renting cost · 78%
Buying cost · 22%

Estimates only, based on the numbers you enter. Bank offers, fees and market conditions vary.

Weigh it up

What the numbers can't tell you

How long you'll stay

Buying fees are paid once, so buying usually makes more sense the longer you stay.

Cash you keep

Renting leaves your deposit free to save or invest elsewhere.

Prices can fall

Price growth is the figure you choose. Try a low or negative value too.

Repairs are yours

Owners pay for repairs and service charges that tenants don't.

Flexibility

Renting makes it easier to move for a new job or a different school.

Stable costs

Owning a home protects you from rent rises, though variable mortgage rates can still go up.