Rent-to-own schemes in UAE

Rent an apartment for, say, three years and then convert the paid rent into equity towards the sale price? Your rent — generally seen as a ‘dead investment' — could then double up as the large down payment payable to the mortgage lender.

Popularly known as a ‘rent-to-own scheme', this arrangement gives you the flexibility to exit the contract at the end of its tenure if you haven't made up your mind whether to buy the home — and this with no penalty.

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