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Perhaps the greatest thing that stop potential real estate buyers and investors in the Dubai property market is the amount of cash that they have to set something aside for the initial down payment. To set aside 25% of the all out expense of the property, alongside the various beginning expenses of purchasing property in Dubai, puts a huge strain on the pocket. The only option at that point is to clearly take a gander at off-plan extends in the Dubai real estate for investment. But there is a large population that would still prefer to buy a ready property and this is where the rent to own schemes in Dubai and the rest of the UAE comes in handy.

Dubai, an economically stable city for great investment opportunities is now offering potential buyers stop renting start owning property purchase schemes. Here is how it works; The rent paid by a tenant on any​property in Dubai​that is a part of the rent to own scheme (RTO) is converted into equity towards buying the home. There is usually a lock-in period, at the end of which the payments made so far, can be converted into equity (similar to what you would have spent on down payment) if you decide to purchase the unit. As part of this scheme, the rents are structured as payments or instalments towards eventually acquiring the property. Once the lock-in period is complete, you continue paying instalments, usually through a mortgage, until you acquire the property as a whole.

There are plenty of advantages to property ownership in Dubai. And while buying isn’t right for every person or for every life stage or circumstance, there are several perks of property ownership that tend to stay stable over time. These include building long-term equity, the comfort and pride that can be associated with owning your own home and, of course, lower overall monthly cost. Few of the additional advantages of owning your own property in Dubai are

1. Cost Savings
Being a homeowner in Dubai often means a lower monthly payment. There are a variety of reasons for mortgage payments being lower than rent, but a major factor is that rental property owners typically have to inflate their own monthly costs in order to turn a profit. With homeownership, you’re not paying a premium to rent on top of a bank loan— you’re the owner of the base level mortgage, which means lower overall monthly costs.

2. Investment Opportunity
When you buy an apartment in Dubai with a 4 year mortgage, you’re doing more than just making monthly payments; you’re building equity in your property and making a long-term investment that hopefully will pay dividends down the road. Dubai is hosting the EXPO 2020 and is expected to attract 25 million visits, 70 per cent of which will be from overseas. The rising population of expatriates is creating demands for rented apartments. Since the expo 2020 is creating many jobs, housing will be a decision to make, so providing housing to a growing population will ensure returns on investment on the properties aka investment. The growth of the Dubai market is supported by factors such as security, tax free haven and safe investment structure, assuring realtors of lucrative returns.One of the biggest benefits of buying property in Dubai is that, the economy of this innovative city has been growing at a good pace. While renting can have financial advantages in the short term, building long-term wealth through buying is one of the key advantages of homeownership.

3. Cost Control
Owning property in Dubai is more than just a financial transaction; it’s an act of putting down roots and establishing a lifestyle in a community you feel connected to. With renting, you have no control over whether the cost of rent goes up, pricing you out of your residence, or whether the property owner sells your apartment or house. With property ownership in Dubai, you’re in the driver’s seat. You can establish a budget to account for your mortgage payment and can feel comfortable knowing that your home will remain yours.
With the stop renting start owning property purchase scheme, there are great investment opportunities in Dubai, especially Dubai South, the Expo 2020 arena. Kappa Acca real estate developers, one of the most trusted builders in the city is offering rent to own apartment purchase scheme with the new Kappa Acca 3 project. Kappa Acca 3 offers 1 bedroom and 2 bedroom apartments with upto 7 years payment plan.

For more details visit Kappa Acca 3