Is it Beneficial to Rent or Buy a Flat in Dhaka?

July 04 22:43 2022

Find the best flat for sale in Dhaka with BestBari

The information in this article does not constitute financial, legal, professional advice, or any other advice, and somebody should not treat any of the content as such. A qualified professional should always be consulted before making any financial decisions. 

Regarding Dhaka flats, renting is not everyone’s cup of tea; people are at the mercy of the landlord’s decision about renovations and rent. At the same time, someone is a property owner and may be stuck in a home loan with high interest and not have the same flexibility as renters.

So, is renting or buying a flat in the Dhaka real-estate market better? This article, brought by BestBari, explores this age-old housing debate. Without further ado, here are the pros and cons of renting vs. buying a flat in Dhaka.

Pros – Renting a flat in Dhaka 

1. More affordable

Renting is generally more affordable than having to purchase a home and pay off a mortgage vs. paying rent. Since renting can be more affordable, it could mean someone has a wider choice of which location someone would like to live in. In addition, renting may free up people’s savings, which someone can use to invest in other types of assets.

2. Less maintenance

Renting does not usually involve much upkeep or maintenance other than keeping a flat tidy for landlord inspections and repairs. It also means it’s cheaper for someone since somebody won’t have to contribute to the building and maintenance costs.

3. More flexibility

Renting also means more flexibility. When someone rents, somebody can easily relocate from flat to flat in different areas if anybody wants, right after the rent lease expires. This can be attractive for those in Dhaka who need to move from home due to their career or education.

Cons – Renting a flat in Dhaka

No investment returns

When someone buys a flat in Dhaka, he will likely pay off his home loan at some point. However, at least it is going towards an investment that someone owns, and as flat prices in Dhaka increase, somebody may miss out on getting into the property market altogether. As the common saying goes, “rent money is dead money.”

Limited freedom

Another significant disadvantage of renting is the lack of freedom someone has to do things in his home. For example, when anyone rents, he doesn’t have the option to paint his walls or change his bathroom fittings or drill holes for hanging up paintings; someone will likely need landlord approval before making changes to the flat. 

No forced savings

When somebody buys a home and has a home loan, the mortgage repayments are similar to a regular savings plan as someone regularly pays off the liabilities and saves more in interest. Renting doesn’t encourage forced savings, and it can be tempting to spend the funds rather than save or invest them.

Pros – Buying a flat in Dhaka

Stability and freedom

Buying a flat can give someone full stability and freedom, knowing that there is no risk of the landlord kicking, not approving requests, or suddenly increasing rent. Living in a flat also gives a person full freedom to renovate and decorate his home as somebody wants.

Rising flat prices in Dhaka

Dhaka is one of the fast-growing cities in South-East Asia, and the demand for accommodation is increasing daily, making apartments in Dhaka more expensive. Depending on the location, property generally increases value in the long-term, and having an asset increase in value over time is appealing to many people and their families.

Build equity

Following the previous point, owning a flat can increase its value over time. Anyone can use this additional value, known as “equity,” to buy more flats or invest in other investments. If the value of anyone’s Dhaka flat increases over time, as someone pays off his mortgage gradually, then the equity will also be increasing.

Cons – Buying a flat in Dhaka

Mortgage and interest 

When buying a flat in Dhaka, most people apply for a home loan, and the interest and fees can be substantial over the long term, especially with higher interest rates. BestBari has done the hard work and research for people to find the best interest rates, discounts, and processing times across different banks and financial institutions to help finance an ideal flat sale in Dhaka. BestBari has exclusive partnerships with banks and financial institutions, and we can offer people competitive home loans to make a dream home a reality. Don’t hesitate to contact our friendly home loan specialists, and feel free to use our free home loan calculator tool.


Buying a flat in Dhaka can also be expensive, given Dhaka’s booming population growth. Thanks to BestBari, anyone can research and compare many high-quality property listings on our marketplace webpage to find the cheapest Dhaka flat prices. In addition, BestBari has wide access to a trusted network of high-quality real-estate relationship managers and property developers who can help someone with research and compare the best prices on discounted prices within someone’s budget. Click this link to be connected to one of our trusted property consultants free of charge. 


It is fair to say that purchasing a flat in Dhaka can also be a challenging and daunting experience, especially as the competition to find good-quality flats in Dhaka is getting more fierce and high-quality property listings are becoming scarcer in supply. There is also countless legal and paperwork involved in the process. BestBari can eliminate this unnecessary complexity and administrative burden for someone to be one of our friendly legal specialists. They will provide a personal VIP service through the end-to-end process. Please get in touch with us, and one of our friendly property relationship managers will contact that person directly to set up an appointment with a legal specialist to assist throughout the purchasing process.

Overall, the decision to buy or rent is not a simple one. There are different pros and cons, as discussed in these articles. It’s a personal decision with different factors, such as finances, family needs, investment goals, and risk appetite. Doing market research and speaking with a specialist is always a good idea. Consider engaging a property buyer’s agent from BestBari by contacting us to help to get the best Dhaka flat prices with our trusted network of real estate agents.

On behalf of BestBari, we wish you the best of luck with either renting or buying a dream home in Dhaka. We hope anyone found this article useful and if someone enjoyed the guide, please visit our News and Articles page, including our article Pros and Cons of Living in Dhaka Flats.

We wish everyone the best and hope anyone finds his perfect flat in Dhaka.

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Country: Bangladesh