Dubai - Arabian Ranches, Springs, Jumeirah Heights
#31
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
if you can afford to leave here and rent the property out that might work, but in that case I would say get a villa not an apartment. Don't forget to look into the legal side of things. You can't put your wife's name onto the deeds unless the property is paid for. Worse case scenario anything happens to you and she may get nothing. Speak to Meow about it.
#34
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
so....... does anyone know about the ranches or Jumeirah Heights?
#36
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
Is that accurate? 1% yield? **** that who would ever buy except for capital appreciation (of houses that fall apart!)
#37
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
I do wonder where the 1% yield figure comes from to be honest?? (im not saying you are wrong, just wonder where the figures originate)
#40
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
The mortage costs are higher than the gross yield so your equity is receiving nothing (or paying some interest)
I have several friends who (still) have to sub the mortgage payments each month (ex. service charges) on flats. This is very low yield stuff.
You can get 5% in London, where interest rates are lower. Why invest here for somewhere between 1-4% when the debt costs are so high? Madness to me.
Good luck. If you haven't done these sums at this stage, I would advise you don't jump in
Last edited by Millhouse; Jul 24th 2013 at 9:02 am.
#41
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
Dubai is a cash game. If you need debt, it won't work.
#42
Account Closed
Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
#43
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
Google is your friend http://tdim.nakheel.com/en/project/j...h-heights.html
#44
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
Of course people buy on those low yields. Those based in Afghanistan, Pakistan, Syria, Egypt -- where there is significant risk of conviscation of funds and who can pay cash. If I was in that position, I'd take 1% over -50%.
Dubai is a cash game. If you need debt, it won't work.
Dubai is a cash game. If you need debt, it won't work.
#45
Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights
that said, I'd probably go for Egypt before Dubai.