if you are solo in Dubai, this decision makes so much sense.. however, the thought process on buying vs renting in Dubai, being driven by your purchase back home might be the biggest mistake... I had similar mindset back in the day, and I missed out on some very big and great opportunities... an apartment like that, the one you are renting costs around 1.8-2mil AED, which is around USD 500k... this is a perfect price point to own a property, if you buy over 2mil you get golden visa, if you ever leave, Dubai Marina you can rent it for aprox 7-8% yield...