gj18457
Once I read an article about real state and expats, and I remember some questions that you must ask before moving to dubai or any place, this can be used as a guide:
It is the right place for your family? Safety, education, etc. If yes
You get a housing allowance or company provided housing?
How much is the housing allowance, in this case for FO and CAPT?
Can you pay a mortage to buy a house/villa/apartment with that allowance?
When you finish paying the mortage, what happen with the housing allowance, you keep it or loose it? Important issue to me.
If Loans are available for expats in dubai?
How many years you need to be working in dubai to get a Loan?
This questions can help you to plan for your future.
From an outsider point of view, and reading this topic and other ones. It is easy, If you stay for less than 3 to 5 years, use company provided house and not spend your money. If you stay for longer term, try to buy a place, use the allowance and pay the mortage. Nothing to loose. Even if the place loose 60 to 70 percent of the value because The alignment of Jupiter and Neptun with the sun are not correct, you will be able to collect some cash. Just use it as a second provident fund. Payscale, your opinion on this?
Last edited by mig21bis; 4th July 2005 at 05:32.