To Buy or not to Buy ?...tired of renting !
#48
Re: To Buy or not to Buy ?...tired of renting !
Oh I thought DSO was okay, saying that though...only been to a kids party there one afternoon and the house was very nice and had a trip to Spinneys, would suit us being near DESC
#49
Re: To Buy or not to Buy ?...tired of renting !
We've lived in DSO for almost 7 years now after living in jumeirah for 3 years and much prefer it here and as you say great for DESC - pros and cons everywhere.
#51
BE Enthusiast
Joined: Aug 2008
Posts: 312
Re: To Buy or not to Buy ?...tired of renting !
Hi Poshy
We've been happy buyers since the property market launched here about 10 years ago. Feel free to ask any questions!
One thing I would say is that you will need to factor in extra cash for land fees/agency fees/this that and the next thing! I don't think your mortgage would cover these so you would need to have cash which can quickly add up.
Land fees are listed on the land dept website.
The other problem you will face at the moment is that sellers are looking for cash buyers, not finance. You will need to be ready to make a quick decision and put down deposits quickly if you see somewhere you like and are ready to buy.
Buying for us has been great, we are here/have been here long term and company does not make rental payments for us, so financially it has made sense. Everyone has a different story so what works for one won't work for another.
good luck! shout if you need help.
We've been happy buyers since the property market launched here about 10 years ago. Feel free to ask any questions!
One thing I would say is that you will need to factor in extra cash for land fees/agency fees/this that and the next thing! I don't think your mortgage would cover these so you would need to have cash which can quickly add up.
Land fees are listed on the land dept website.
The other problem you will face at the moment is that sellers are looking for cash buyers, not finance. You will need to be ready to make a quick decision and put down deposits quickly if you see somewhere you like and are ready to buy.
Buying for us has been great, we are here/have been here long term and company does not make rental payments for us, so financially it has made sense. Everyone has a different story so what works for one won't work for another.
good luck! shout if you need help.
#52
Re: To Buy or not to Buy ?...tired of renting !
Maybe but when faced with 45 mins sat in traffic at certain times of the day and half an hour to school and back I know where I prefer- 5 minutes to school and 10-20 minutes to anywhere else in Dubai I want to go. I've got a pool in my garden and 2 MMI shops within 5 mins what else do I need
#53
Account Closed
Joined: Feb 2011
Posts: 0
Re: To Buy or not to Buy ?...tired of renting !
Maybe but when faced with 45 mins sat in traffic at certain times of the day and half an hour to school and back I know where I prefer- 5 minutes to school and 10-20 minutes to anywhere else in Dubai I want to go. I've got a pool in my garden and 2 MMI shops within 5 mins what else do I need
#54
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: To Buy or not to Buy ?...tired of renting !
You say you lived in DSO for the last seven years?
I was in Dubai in 2008 and people were just starting to move into the apartments. It was a wasteland. Not sure if the villas were ready by then.
Anyway, had friends who lived in DSO. Their biggest complaint - it takes a long time to get anywhere. And since you have to leave to go anywhere, you spend a lot of time in the car.
I was in Dubai in 2008 and people were just starting to move into the apartments. It was a wasteland. Not sure if the villas were ready by then.
Anyway, had friends who lived in DSO. Their biggest complaint - it takes a long time to get anywhere. And since you have to leave to go anywhere, you spend a lot of time in the car.
Maybe but when faced with 45 mins sat in traffic at certain times of the day and half an hour to school and back I know where I prefer- 5 minutes to school and 10-20 minutes to anywhere else in Dubai I want to go. I've got a pool in my garden and 2 MMI shops within 5 mins what else do I need
#57
Re: To Buy or not to Buy ?...tired of renting !
You say you lived in DSO for the last seven years?
I was in Dubai in 2008 and people were just starting to move into the apartments. It was a wasteland. Not sure if the villas were ready by then.
Anyway, had friends who lived in DSO. Their biggest complaint - it takes a long time to get anywhere. And since you have to leave to go anywhere, you spend a lot of time in the car.
I was in Dubai in 2008 and people were just starting to move into the apartments. It was a wasteland. Not sure if the villas were ready by then.
Anyway, had friends who lived in DSO. Their biggest complaint - it takes a long time to get anywhere. And since you have to leave to go anywhere, you spend a lot of time in the car.