The decision to buy or rent a two-bedroom flat in Dubai depends on several factors, including your financial situation, long-term plans and lifestyle.

If you plan to live in Dubai for the long term and have sufficient financial stability to support a mortgage, then buying a two-bedroom flat is a good investment.

With the positive market trends in Dubai, the emirate is a haven for those who want to invest in real estate.

Furthermore, with property prices expected to continue to rise, setting the stage for higher mortgage rates in 2024, now is the perfect time to buy and take advantage of the favourable market conditions.

Finally, Dubai offers exceptional value compared to other major capital cities and allows for tax-free rental income.

However, if you are not prepared to make a long-term commitment or prefer flexibility, renting is a good option.

Currently, Dubai's property market is relatively stable with a moderate balance between supply and demand, meaning that rental prices may not rise as dramatically as witnessed in 2022.

Ultimately, it is important to weigh up the benefits and drawbacks of each option and make the decision that is right for you.

Is it cheaper to rent from a landlord or through a property management company?

The cost is relative to the area in which you live.

If you are renting from a management company, it is important that you understand the services that come with renting from them.

Very often there will be more support with property issues which will make your life easier than a landlord who may struggle to get in touch with various companies abroad to resolve issues.

Which areas are best for buying and renting?

In terms of areas to buy, it all depends on personal opinion and budget.

If you are looking for major capital appreciation, the popular buildings in the city centre, Palm Jumeirah, Marina or even Dubai Hills are the best areas to invest in at the moment as there are already many established projects in these areas and fewer or almost no plots left.

On the other hand, Jumeirah Village Circle offers a more affordable alternative with its exciting projects and affordable prices.

Other competitively priced areas include Town Square, Sports City and Dubai Silicon Valley.

Renting directly from a landlord can offer potential benefits and drawbacks.

Some advantages include no agency fees, a direct relationship with the landlord and more control over maintenance and repair issues.

However, the individual will be responsible for coordinating and negotiating with the landlord, and therefore take physical and emotional time.

In addition, the process regarding paperwork is usually smoother if an agent is involved in the transaction. They can also support you with issues regarding Ejari, delayed UAE ID cards, etc.

In addition, renting directly from a landlord may not offer the same protection as renting through a property management company.

For example, a property management company may have established policies and procedures for rent collection and property maintenance, as well as a network of trusted contractors and suppliers.

On the other hand, renting directly from a landlord may create a more informal agreement with less structure, allowing you to manage these aspects independently.

In conclusion, the choice of renting directly from your landlord or through a property management company will depend on your individual needs and preferences.

The important thing is to weigh up the pros and cons of each option and choose the one that suits you.

Liam Dawett is the leasing manager for Betterhomes' Business Bay branch. The views expressed are his own and do not reflect the policy of the newspaper.