Originally Posted by Meow (Post 12166352)

Any tax liability depends on your residency status. Whilst there is no capital gains tax in the UAE, if you sell and are a UK resident then you are likely to be liable for UK tax on the proceeds.

Originally Posted by EwaW (Post 12166330)

Buying in Dubai dose come with its own set of risks and undoubtedly more risks then countries like the UK or Australia. Having said that buying in Dubai has some advantages as the yields on offer are higher and there is no tax payable when it comes to selling.

Originally Posted by Millhouse (Post 12166358)

I reckon I could count on one finger the number of brits caught by this and declaring it.

Originally Posted by dxboffplan (Post 12166378)

Dubai is a tax-free city

Originally Posted by dxboffplan (Post 12166378)

Dubai is a tax-free city

Originally Posted by Irishbeekeeper (Post 12165191)

1. yes, Disco Gardens you can never go wrong but always a studio flat, never a one bedroom as it is not ready cash. Pick up a studio for 500-520K and try and find something which is empty so you can pick and choose your own tenant. There are some nationalities that are not given preference over others when being picked for tenants, Im sorry was that racist, why yes it was and despite me being anything but one, I hate to admit that living in a place like this and having had many bad experiences, one tends to pick and choose tenants now. Size of the studio in sq feet doesnt really matter as no one looks at that quite honestly and I made the mistake of getting the largest one available and now I have to pay extra in &*^&ing charges as they charge by the feet :thumbdown:
2. Again, buying intelligently means listening to others who have done it before and all the people I talked to before buying said the same thing that mortgaging here is a downward slope. I am not a financially technical person so I wouldnt know how the banks play with you but off the top of my head the largest issue I would have with a mortgage is what if I want to sell it quickly? I am sure in case of a mortgage that wouldnt be possible within 4-5 days right? Anyway, why mortgage it? Just take a loan and pay that off

Originally Posted by Taz786 (Post 12166631)

Do you recommend any other areas to Invest except for Discovery Gardens?

Would you purchase another property there?

Originally Posted by miuser2 (Post 12166862)

I found Andrew Hallams' books helpful: https://www.amazon.co.uk/Global-Expa...dp/1119020980/

His investment strategy is nearly %100 passive (pick 3 or 4 ETFs and simply track global markets and bonds longterm with perhaps annual rebalancing that can be done by anyone.) He explains the process very clearly and his thinking for why this will likely outperform any active investing approaches.)

The books take you from first principles so no background in finance is needed to understand the concepts. I see that he has some (free) talks in Abu Dhabi coming up: www.andrewhallam.com

Originally Posted by Irishbeekeeper (Post 12167419)

A year ago if you had asked me this question I would have said anywhere in Dubai Investment park area as the 'exBo 2020' location is just down the road from there, which really doesnt matter much to anyone living there but I was told that someone will wave a magic wand and a new metro station will magically appear there before the expo starts. Cheap commute is always a good idea to invest close to. But now I am not so sure. The expo will happen, of that I am sure, will it cause all the fiscal problems to go away....ofcourse yanni!!!
but will there be enough gains on any investment in that area because of the exBo...not sure anymore
so the answer is no, I wont further invest here
If you are based out of the UK, then listen to what these guys are telling you, buy in the UK for little gains and more safety, the trend here will only go down in my opinion

Originally Posted by Irishbeekeeper (Post 12167419)

A year ago if you had asked me this question I would have said anywhere in Dubai Investment park area as the 'exBo 2020' location is just down the road from there, which really doesnt matter much to anyone living there but I was told that someone will wave a magic wand and a new metro station will magically appear there before the expo starts. Cheap commute is always a good idea to invest close to. But now I am not so sure. The expo will happen, of that I am sure, will it cause all the fiscal problems to go away....ofcourse yanni!!!
but will there be enough gains on any investment in that area because of the exBo...not sure anymore
so the answer is no, I wont further invest here
If you are based out of the UK, then listen to what these guys are telling you, buy in the UK for little gains and more safety, the trend here will only go down in my opinion

Originally Posted by miuser2 (Post 12166862)

I found Andrew Hallams' books helpful: https://www.amazon.co.uk/Global-Expa...dp/1119020980/

His investment strategy is nearly %100 passive (pick 3 or 4 ETFs and simply track global markets and bonds longterm with perhaps annual rebalancing that can be done by anyone.) He explains the process very clearly and his thinking for why this will likely outperform any active investing approaches.)

The books take you from first principles so no background in finance is needed to understand the concepts. I see that he has some (free) talks in Abu Dhabi coming up: www.andrewhallam.com

Originally Posted by Millhouse (Post 12166358)

I reckon I could count on one finger the number of brits caught by this and declaring it.

Originally Posted by Sabi Star (Post 12168571)

Do NOT try to avoid UK tax if you owe it - it can come back and bite you many years later - with severe penalties.