Originally Posted by Millhouse

indeed... but also no mortgage market deeper than 3 years and a currency depreciating at 10% per annum (thus giving you something terrible in a decent currency).

that said, I'd probably go for Egypt before Dubai.

Originally Posted by commander

I live in the ranches 3 bed in Saheel (the posh area) You are welcome to come round for a nosey anytime.

Originally Posted by commander

you keep on saying Jumeirah Heights, are you getting confused with Victory Heights which is where the Els Golf Course is? or is there a Jumeriah Heights?

Originally Posted by Millhouse

Actually 1% is what it was for flats. I'm sure it's a bit better now, and probbaly a bit better for villas. My house here gives around 4.5% gross (current price - 3.5% on what he paid) before outages and service charges.

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

Originally Posted by StublueKPL

thank you sir. I may take you up on that offer!!

jumeirah heights is at the entrance to jumeirah islands. (back of jlt)


thanks. that's why im asking. looking for people with experience in this field before I do jump in

Originally Posted by alizbeth

that's too much

Originally Posted by alizbeth

m talking abt rent u mentioned

Originally Posted by alizbeth

m talking abt rent u mentioned

Originally Posted by mikewot

It wasn't very clear, seemed like a random comment. Also please write in English and not 'textspeak', as per site rule 17.

Originally Posted by Millhouse

That's it, Mike. Hit her with the book. I miss you quoting the rules to us.