Toying with the idea of becoming a LL
Apr 2nd 2008, 12:28 pm
#23
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Apr 2nd 2008, 2:03 pm
#24
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Re: Toying with the idea of becoming a LL
Any idea what the rents would be for these places and how easy are they to rent?
OK - You can borrow money competitively at present. But...what about the actual buying price?
Are prices at a peak in Dubai, waiting for a correction as various developments become completed, or is there still the potential for growth?
One sector markedly absent in Dubai is fully furnished renting that the more mid-term transient expats, such as myself, look for. This was readily available in Qatar and Bahrain - everything included with the rent: utilities, satellite TV etc.
I would only get involved in a location I knew very well - I guess I would need 5 years somewhere to really get a feel for the ins and outs of the market. Hence I stay with my area of the UK. Being both a tenant and a landlord I get to see both sides of the coin.
Are prices at a peak in Dubai, waiting for a correction as various developments become completed, or is there still the potential for growth?
One sector markedly absent in Dubai is fully furnished renting that the more mid-term transient expats, such as myself, look for. This was readily available in Qatar and Bahrain - everything included with the rent: utilities, satellite TV etc.
I would only get involved in a location I knew very well - I guess I would need 5 years somewhere to really get a feel for the ins and outs of the market. Hence I stay with my area of the UK. Being both a tenant and a landlord I get to see both sides of the coin.
If I can borrow 3.5 mio and buy a place for 4 mio (we were advised we can borrow up to 5 mio each
) and my EMI is (interest, insurance, o/g) approximately AED 18k-20k (20 year tenor) and the rent I can get on a 4 bed is 250,000 (????this is what I need to find out – the rental yield) then the rent will almost cover the EMI. .Let me check out the property classifieds...
Apr 2nd 2008, 2:09 pm
#25
Lost in BE Cyberspace
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Re: Toying with the idea of becoming a LL
MM, xx
Apr 2nd 2008, 2:12 pm
#26
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Re: Toying with the idea of becoming a LL
i know when we were looking to buy at christmas the rent would more than covered the mortgage on these places...and the agents assured us they would be dead easy to rent out...sure someone will be able to provide an idea of the actual rent, i just can't remember, sorry!
MM, xx
MM, xx
Apr 2nd 2008, 2:13 pm
#27
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Re: Toying with the idea of becoming a LL
4/5 beds on the Meadows are going for over 250k these days 
Apr 2nd 2008, 2:30 pm
#29
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