Looking to buy a villa in Dubai
#1
Looking to buy a villa in Dubai
Hi - Am moving to Dubai in March 08 from London, UK after being offered a job - v excited !! I've been lurking on the forum for a week or two and have read some excellent advice on here - Thanks to you all !!
I have a mortgage approved and am looking to buy ASAP - i have a budget of approx £1.5m dhs for a a minimum 2 bed villa/house (after spending the last 6 years in a flat - a garden of some kind is a priority !). Location not much of an Issue (work base from home) nor is living in "trendy" areas but will be spending a lot of worktime around the Jumeriah beach area by all accounts so want to avoid as much time as poss stuck in traffic !
Just started to browse on the web but can anyone advise if you think my budget is too short or do you think it will be ok ?
TIA.
I have a mortgage approved and am looking to buy ASAP - i have a budget of approx £1.5m dhs for a a minimum 2 bed villa/house (after spending the last 6 years in a flat - a garden of some kind is a priority !). Location not much of an Issue (work base from home) nor is living in "trendy" areas but will be spending a lot of worktime around the Jumeriah beach area by all accounts so want to avoid as much time as poss stuck in traffic !
Just started to browse on the web but can anyone advise if you think my budget is too short or do you think it will be ok ?
TIA.
Last edited by zabone; Jan 19th 2008 at 6:42 pm.
#2
Soupy twist
Joined: Dec 2004
Posts: 2,271
Re: Looking to buy a villa in Dubai
1.5m on its own won't get you anything. You'll need an extra 200k or so. Bottom end for 2-bed villas that are ready to move into is about 1.7m. The extra costs over and above the actual purchase price of the property can be hefty, too.
Last edited by Eeyore; Jan 19th 2008 at 6:48 pm.
#3
Re: Looking to buy a villa in Dubai
Hi - Am moving to Dubai in March 08 from London, UK after being offered a job - v excited !! I've been lurking on the forum for a week or two and have read some excellent advice on here - Thanks to you all !!
I have a mortgage approved and am looking to buy ASAP - i have a budget of approx £1.5m dhs for a a minimum 2 bed villa/house (after spending the last 6 years in a flat - a garden of some kind is a priority !). Location not much of an Issue (work base from home) nor is living in "trendy" areas but will be spending a lot of worktime around the Jumeriah beach area by all accounts so want to avoid as much time as poss stuck in traffic !
Just started to browse on the web but can anyone advise if you think my budget is too short or do you think it will be ok ?
TIA.
I have a mortgage approved and am looking to buy ASAP - i have a budget of approx £1.5m dhs for a a minimum 2 bed villa/house (after spending the last 6 years in a flat - a garden of some kind is a priority !). Location not much of an Issue (work base from home) nor is living in "trendy" areas but will be spending a lot of worktime around the Jumeriah beach area by all accounts so want to avoid as much time as poss stuck in traffic !
Just started to browse on the web but can anyone advise if you think my budget is too short or do you think it will be ok ?
TIA.
#4
Re: Looking to buy a villa in Dubai
Ta ra .......oh and welcome to BE.Fun place what dya say Zabone?
Bad news Gareth does truthspeak.
#5
Re: Looking to buy a villa in Dubai
Looks like the Springs area is commonplace for the villa's ?? - Google maps does not seem to have it on its maps... Anyone know where in Dubai the Springs is ?
thxs 2 you both - so 1st target is 5 posts...
Hopefully the fun will really start in March Eva !!
thxs 2 you both - so 1st target is 5 posts...
Hopefully the fun will really start in March Eva !!
Last edited by zabone; Jan 19th 2008 at 7:01 pm. Reason: Eva's post
#6
Re: Looking to buy a villa in Dubai
find the Palm Jumeirah then go down past the Montgomerie and Emirates Hills and you'll come to the Springs
#7
Soupy twist
Joined: Dec 2004
Posts: 2,271
Re: Looking to buy a villa in Dubai
The Springs, Lakes and Meadows are currently the main areas where expats can buy villas. However, the Lakes and the Meadows are going to be out of your price range, and to be honest, you're probably going to need at least 2m in order to buy anything at all (that's including deposit and all associated fees).
Yes, thanks
It's there in Google Maps - click here. It's not actually named as "The Springs"; you want to be looking at the areas around the streets named as "1st Rd" and "2nd Rd".
Anyone know where in Dubai the Springs is ?
It's there in Google Maps - click here. It's not actually named as "The Springs"; you want to be looking at the areas around the streets named as "1st Rd" and "2nd Rd".
Last edited by Eeyore; Jan 19th 2008 at 7:16 pm.
#8
Re: Looking to buy a villa in Dubai
try this map http://www.arabianview.com/map-pdf/Dubai_Internet.pdf
find the Palm Jumeirah then go down past the Montgomerie and Emirates Hills and you'll come to the Springs
find the Palm Jumeirah then go down past the Montgomerie and Emirates Hills and you'll come to the Springs
#9
Re: Looking to buy a villa in Dubai
The Springs, Lakes and Meadows are currently the main areas where expats can buy villas. However, the Lakes and the Meadows are going to be out of your price range, and to be honest, you're probably going to need at least 2m in order to buy anything at all (that's including deposit and all associated fees).
Yes, thanks
It's there in Google Maps - click here. It's not actually named as "The Springs"; you want to be looking at the areas around the streets named as "1st Rd" and "2nd Rd".
Yes, thanks
It's there in Google Maps - click here. It's not actually named as "The Springs"; you want to be looking at the areas around the streets named as "1st Rd" and "2nd Rd".
Thxs - Yes I am getting the feeling the budget needs a swift re-evaluation !!!
#10
Re: Looking to buy a villa in Dubai
Thxs for the maps - Looks like the budget is going to get a swift re-evaluation !!!
#11
Re: Looking to buy a villa in Dubai
Welcome good luck with your house hunt, you might be better to look at an apartment in the Marina on the figures you are mentioning how did you get a mortgage approved prior to finding a property?
#12
Re: Looking to buy a villa in Dubai
approved in principle via Barclays - I've been with them for over 20 years...
#14
Re: Looking to buy a villa in Dubai
guilty as charged -:embaressed_smile: In my defence I was a 10 year old scrout with some gambling winnings having my first venture into finance when opening the account....
those were the days....
those were the days....
#15
Re: Looking to buy a villa in Dubai
Some concerns regarding Barclays & their admin standards. Do you know if the rate they are offereing etc is competitive?
I'd also caution you about buyng a place as soon as you set foot in Dubai. How do you know if you will like it and want to stay? I'd get a feel for the place before committing yourself. The property market here is not always what you may have heard. (see property threads passim)