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Dubai - Arabian Ranches, Springs, Jumeirah Heights

Dubai - Arabian Ranches, Springs, Jumeirah Heights

Old Jul 24th 2013, 10:08 am
  #46  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by Millhouse View Post
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.
You can buy rent or sell in Egypt in dollars so no currency risk. These tin pot economies have some benefits
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Old Jul 24th 2013, 1:50 pm
  #47  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by commander View Post
I live in the ranches 3 bed in Saheel (the posh area) You are welcome to come round for a nosey anytime.
thank you sir. I may take you up on that offer!!
Originally Posted by commander View Post
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?
jumeirah heights is at the entrance to jumeirah islands. (back of jlt)
Originally Posted by Millhouse View Post
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
thanks. that's why im asking. looking for people with experience in this field before I do jump in
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Old Jul 24th 2013, 2:32 pm
  #48  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by StublueKPL View Post
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

No worries matey, anytime.
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Old Aug 2nd 2013, 9:22 pm
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

that's too much
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Old Aug 2nd 2013, 10:17 pm
  #50  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by alizbeth View Post
that's too much
What is?
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Old Aug 3rd 2013, 7:17 pm
  #51  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

m talking abt rent u mentioned
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Old Aug 4th 2013, 7:40 am
  #52  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by alizbeth View Post
m talking abt rent u mentioned
And too few letters.

Last edited by Meow; Aug 4th 2013 at 7:52 am.
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Old Aug 4th 2013, 8:45 am
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by alizbeth View Post
m talking abt rent u mentioned
It wasn't very clear, seemed like a random comment. Also please write in English and not 'textspeak', as per site rule 17.
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Old Aug 4th 2013, 3:24 pm
  #54  
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by mikewot View Post
It wasn't very clear, seemed like a random comment. Also please write in English and not 'textspeak', as per site rule 17.
That's it, Mike. Hit her with the book. I miss you quoting the rules to us.
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Old Aug 4th 2013, 7:02 pm
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Default Re: Dubai - Arabian Ranches, Springs, Jumeirah Heights

Originally Posted by Millhouse View Post
That's it, Mike. Hit her with the book. I miss you quoting the rules to us.
You know you love it
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