Rent to Own Dubai
Your Path to Home Ownership in Dubai
Discover a new way to own your dream home. With our rent-to-own program, you can start living in your future home today.
What is Rent to Own?
Rent-to-Own is a financial solution designed to help employees in Dubai transition from renting to home ownership. Many professionals in Dubai receive a housing allowance from their employer, but face major challenges:
1. High rental costs – Housing in Dubai is expensive, and paying rent provides no long-term financial benefit.
2. Limited access to mortgages – Newcomers often lack the required credit history in the UAE, making it difficult to secure a mortgage immediately.
3. Yearly rental payments – In Dubai, landlords typically require several months of rent to be paid upfront — often 2, 3, 4, or more months — along with an agency fee and a security deposit. This creates a significant cash flow burden for tenants, especially newcomers who may not have large amounts of liquidity available upon arrival.
The Rent-to-Own model addresses these challenges by allowing tenants to choose a property they would like to live in and eventually own it. Instead of spending their housing allowance entirely on rent, tenants can direct it into a structured plan where:
- A portion of the allowance covers rent.
- Another portion builds equity (ownership stake) in the property.
Over time, this equity accumulates and can later be used as the down payment and fees required to qualify for a mortgage. By year 3 to year 10 of the program, tenants will have built up enough equity to transition into full ownership.
The key milestone is reaching 27% equity of the property’s selling price. This percentage represents the minimum down payment and associated fees required by banks in Dubai to approve a mortgage. By the time tenants reach this threshold, they will also have established sufficient credit history in the UAE, making them eligible for financing.