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Buying a property in UAE

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Buying a property in UAE

Old 12th Mar 2012, 04:50
  #1 (permalink)  
Thread Starter
Join Date: Mar 2011
Location: far
Age: 23
Posts: 24
Buying a property in UAE

Dear Colleagues

I am thinking to buy a house in DXB,the building is already there.I heard that there is a company called Indipendent specialized in finding the best financial deal according to your financial situation.As far as I know this company helped a lot of emirates pilots...any feedback/suggestion regarding this company and real estate deals?

Thanks and safe landings!
aviator3200 is offline  
Old 12th Mar 2012, 06:24
  #2 (permalink)  
Join Date: Sep 2006
Location: any town as retired.
Posts: 2,174
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.

Gulfstreamaviator is offline  
Old 12th Mar 2012, 14:27
  #3 (permalink)  
Join Date: Jul 2001
Location: Gulf playing Golf
Posts: 1,141
The prices are going up some places and down in other areas....just like a normal mature market. No more shooting fish in a barrel
Payscale is offline  
Old 13th Mar 2012, 18:58
  #4 (permalink)  
Join Date: Oct 2011
Location: Europe
Posts: 68
I would hardly call Dubai a mature market. I would also never advise anyone to purchase a property there. Why handcuff yourself to the place when the company provides accommodation? The best thing about being an expat is pocketing some cash and knowing you can leave when you want to or, god forbid, are forced for whatever reason.
Liquidity is the name of the games these days. Be smart about your money. Don't invest there.
Bindair Dundat is offline  
Old 13th Mar 2012, 21:51
  #5 (permalink)  
Join Date: Sep 2007
Location: europe
Posts: 112
There is nothing to stop the company lowering the allowance in hard times higher DEWA bills, and don't forget ID card changes.

Forget about the money you could make and think about the money it could cost you, company accommodation is pretty good and you have no extra stress and hassel with all the stuff organised by the company.

Faulty AC in summer and all other possible failures.
Enos is offline  

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