The Raymond couple wants to find an apartment in Abu Dhabi, UAE but can’t decide which option is better for long term usage. A 1
BHK apartment costs AED 64,000 yearly to rent and all utilities (Water, Electricity, etc…) are included. However, another 1 BHK apartment can be purchased outright without any utilities included for AED 640,000. The utilities for both apartments cost 11400 AED on average per year. How many years will it take until the house bought outright starts to become cheaper? (Reminder: One has utilities included while the other apartment has to still pay for it) Help, please!
