Purchasing a villa
 

Hi all, i posted on her a few weeks ago about moving to Dubai (only two and a half weeks to go) Been looking at purchasing a Villa at the Gardens and was intrested in anyones views on this are and also how far from Media City is it??? also could anyone explain the process for Mortgages over in Dubai, and how much you can borrow with a partner etc.. as this is completly new to me..

Cheers Rick

Re: Purchasing a villa
 

Do a forum search on the Gardens Rick, a few people here are looking into purchasing in the same place, there are one or two things you should hear about the place first :scared: but it's all mentioned in previous posts
DE

Re: Purchasing a villa
 

bad idea, wait a few years and buy once the market has collapsed, which is inevitable

Re: Purchasing a villa
 

Thanks TA5, why do you reckon that is??? where do you live TA5?? and is it rude to ask what your rent costs??? also you gonna take me kite surfing when i get over there i have a few flexifoils but never done any kite surfing

Rick

Re: Purchasing a villa
 

The gardens is about 7km's from the Media City and the quality and price of those villas is fairly high.

Mortgages are available to cover the entire cost of the home u are purchasing with a maximum of a 25 year payment plan.

The main company that deals with mortgages is Amlak Finance:

www.amlakfinance.com

Their contact details are:

Toll Free (within Dubai) 800 43 37

International +9714 366 15 05

Apart from this, a few banks now offer mortgages aswell..... one of them is RAK Bank.

Hope that helps u rick. :)



- Bob..... This info should go into the FAQ's aswell. :D

Re: Purchasing a villa
 

inevitable perhaps, but I wudnt hold my breath........ the market is still BRAND NEW and the bubble hasnt had enough time to reach the point of popping......

The market needs atleast 5-10 years or more before it starts to get saturated..... as it stands, Dubai needs 600, 000 new resedential units by 2010..... at the current rate, only 400, 000 will come onto the market.... so that itself will keep the prices high.

Re: Purchasing a villa
 

i live in the marina, yes it is rude, but for informational purposes its between 70k and 80k per year (a/c included)

i can't teach you legally, but i can steer you in the right direction, 17 sq. m. 4 line LEI kites are alot different than flexifoils, i had flexifoils and the big difference is about 100 times as much force on the big kites

pm me if you want more info

Re: Purchasing a villa
 

Cheers Face81, your knowledge is fantastic again, thankyou.

I have been looking at the prices and looks like around £220,000, for a nice 3 bed Villa, huge sq footage, doesen't sound to much to me!!! i know it's a lot but i'd rather buy over there than rent really, plus a nice big villa could be handy for all those
:beer: up's

Cheers Rick

Re: Purchasing a villa
 

no probs Rick......... always happy to help. :)

Yep.... the homes in that development are amongst the largest being built in Dubai. Do note that it is about 40kms into the heart of Dubai, but this development will become part of the Centre of New Dubai. Plus there is a massive mall opening next to the development this month.... apparently the 5th largest in the World! :eek: lol

yeah...... a big house is always a plus for that sort of thing. heh heh.

Re: Purchasing a villa
 

That's a bit cheap?! What are you renting? The maid's room! :scared:

Re: Purchasing a villa
 

its a McFlat. :p

Re: Purchasing a villa
 

Living like a sandwich!

Re: Purchasing a villa
 

heh heh.......... i wonder wot he will make of that. :o :p :)

Re: Purchasing a villa
 

PMSL :D :D You are on a roll today LOL!

Re: Purchasing a villa
 

I'm glad I haven't lost my sense of humour, considering my mood. It will probably keep me going but had many moments where people weren't sure what I was on about. Well, with my mix of nationalities, it shouldn't be a suprise that people get mixed up. :)

Re: Purchasing a villa
 

1300 square feet, 23rd floor, 1 br plus maids room/study (storage room)

some realtors like to call it a 2 br, but i don't count the extra room without a window or bathroom as a bedroom,

i got a good deal on it, 10,000 below asking rent, of course i'll probably nail down a villa on kite beach with some friends if i'm here another year, would be nice for big parties and I could keep my boat in the garage (if i bring it over here)

Re: Purchasing a villa
 

[QUOTE=TA5]1300 square feet, 23rd floor, 1 br plus maids room/study (storage room)

Hardly room to swing a cat!!!! :rolleyes:

Re: Purchasing a villa
 

[QUOTE=Jellybean]

Maybe a hamster though....... :D

Re: Purchasing a villa
 

whats with you and hamsters :D :D

Re: Purchasing a villa
 

Would you like to see mine???? :p

Re: Purchasing a villa
 

No thanks :p

[Nabs innocent until proven guilty] :D

Re: Purchasing a villa
 

Can see I'm going to have to keep my eye on you two tonight :D

Re: Purchasing a villa
 

That depends on which way your eyes are pointing after 3 bottles of red wine......... :p

Re: Purchasing a villa
 

loooooooooooooooooooooooooooooooooooool :D :D

Re: Purchasing a villa
 

:eek: You know I am always in complete control :D

Re: Purchasing a villa
 

Control of what exactly :D

Re: Purchasing a villa
 

Wait and see................... :scared:

Re: Purchasing a villa
 

hhmmmmmm :cool:

Re: Purchasing a villa
 

You tarnishing my reputation again :scared: :D

Re: Purchasing a villa
 

It will take more than Brasso, to clean that up... :D

Re: Purchasing a villa
 

....of her bladder Nabs, she means her bladder, everything else goes out of the window but she will not piss herself. :p

Re: Purchasing a villa
 

LOL!! :D

Re: Purchasing a villa
 

:D :D

Re: Purchasing a villa
 

EEeerrrr FD please confirm :scared:

Re: Purchasing a villa
 

She is having second thoughts confirming that :scared:

Re: Purchasing a villa
 

:mad: :mad: Nobody being nice to me :mad: :mad:

Re: Purchasing a villa
 

Who is Nobody? :p

Re: Purchasing a villa
 

I will make up for it tonight FD.....I hope LOL :D

[JB has flashbacks of her last night out :scared: ]

Re: Purchasing a villa
 

Hi Rick,

Our company brokers mortgages in Dubai and advises on how to structure the purchase efficiently.

If you want us to advise on your options send me a quick e-mail to [email protected] and i'll send you a copy of our mortgage questionnaire.

Darren Ashley

Re: Purchasing a villa
 

Do you offer services on those looking to purchase on Jumeirah Islands or Arabian Ranches within this month? Particularly JI as it's more likely we will buy there now