PPRuNe Forums - View Single Post - Buying a property in UAE
View Single Post
Old 12th Mar 2012, 06:24
  #2 (permalink)  
Gulfstreamaviator
 
Join Date: Sep 2006
Location: any town as retired.
Posts: 2,182
Likes: 0
Received 0 Likes on 0 Posts
think harder

I own a house in the Dubai area, purchased over three years ago, and as to LIVE in and not an INVESTMENT.

I would be very cautious about BUYING a property these days, there are thousands on the market, as well as many more actually available but not listed.

If you are serious about buying, then if you are full time employed, think how you can pay off your debt if the company folds or you get bored and want to move on.

There were many advisers who would fix you up with funds, and these are still hungry, so beware too.

In all honesty, a big bank will, if you are employed, and have a reasonable deposit extend a facility to you. HSBC were good to me.

I know SPW will be on line soon, and give you similar advice: she is in the business, and gives good advice on this forum.

Welcome to the up and down world of property ownership in the UAE.

glf
Gulfstreamaviator is offline