PPRuNe Forums - View Single Post - EK F/O Apartments
View Single Post
Old 27th Feb 2011, 11:40
  #5 (permalink)  
sheikmyarse
 
Join Date: Apr 2009
Location: camelshitcity
Posts: 0
Likes: 0
Received 0 Likes on 0 Posts
It amazes me to see still now people trying to sell Dubai as a possible real estate paradise. Prices fell 80% in 2 years. And they are still a lot over priced compared to civilization. If you opt out of company accommodation you will never be able to return. So just imagine what can happen if you landlord after two years raise tour rent by 30 or 40%. and he will do it.
Buying in Dubai? No way... The future of the place is uncertain, Iran is too close, Middle East is afcing challenges and changes. 110000 dhs a year is about 2000 euro per month. You can rent good quality in major European cities centers for that money. Real estate wise Dubai is a dead place. So if you made the mistake of leaving your job back home to join this pantomime still you can avoid others, Stay in company accommodation and don't accept anything before a test day and night in it.
sheikmyarse is offline