Purchasing a villa
#1
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
Cheers Rick
#2
Re: Purchasing a villa
Originally Posted by rickyboy
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
Cheers Rick
DE
#3
Re: Purchasing a villa
bad idea, wait a few years and buy once the market has collapsed, which is inevitable
#4
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
Rick
Originally Posted by TA5
bad idea, wait a few years and buy once the market has collapsed, which is inevitable
#5
Re: Purchasing a villa
Originally Posted by rickyboy
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
Cheers Rick
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.
#6
Re: Purchasing a villa
Originally Posted by TA5
bad idea, wait a few years and buy once the market has collapsed, which is inevitable
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.
#7
Re: Purchasing a villa
Originally Posted by rickyboy
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
Rick
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
#8
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
up's
Cheers Rick
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
up's
Cheers Rick
#9
Re: Purchasing a villa
Originally Posted by rickyboy
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
up's
Cheers Rick
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
up's
Cheers Rick
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! lol
yeah...... a big house is always a plus for that sort of thing. heh heh.
#10
Re: Purchasing a villa
Originally Posted by TA5
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
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
That's a bit cheap?! What are you renting? The maid's room! :scared:
#11
Re: Purchasing a villa
Originally Posted by Palm Tree
That's a bit cheap?! What are you renting? The maid's room! :scared:
#13
Re: Purchasing a villa
Originally Posted by Palm Tree
Living like a sandwich!
#14
Re: Purchasing a villa
Originally Posted by Palm Tree
That's a bit cheap?! What are you renting? The maid's room! :scared:
PMSL You are on a roll today LOL!
#15
Re: Purchasing a villa
Originally Posted by DubaiExpat
PMSL You are on a roll today LOL!