Buying property in the UAE
Discussion
Anyone done it?
I've just begrudgingly sold my soul to my landlord for another year and, having decided to let the BTL s
t-storm die down in the UK, we're holding off on buying another place back in Blighty for now.
This begs the question: oil crisis aside, should we look to buy a place here instead? The goal would be to come away neutral (i.e. I'm not banking on any significant rise in values), but better that than piss $$$$$$ away each year on someone else's investment gold-mine.
Every man/woman and camel has an opinion on the risk of buying into bricks and mortar out here, but I'd rather hear from those who've taken the plunge: is there money to be made? Are the mortgage rates reasonable? Is the property market fairly stable? What liabilities doth the UAE homeowner face etc?
Feedback greatly appreciated.
I've just begrudgingly sold my soul to my landlord for another year and, having decided to let the BTL s
t-storm die down in the UK, we're holding off on buying another place back in Blighty for now.This begs the question: oil crisis aside, should we look to buy a place here instead? The goal would be to come away neutral (i.e. I'm not banking on any significant rise in values), but better that than piss $$$$$$ away each year on someone else's investment gold-mine.
Every man/woman and camel has an opinion on the risk of buying into bricks and mortar out here, but I'd rather hear from those who've taken the plunge: is there money to be made? Are the mortgage rates reasonable? Is the property market fairly stable? What liabilities doth the UAE homeowner face etc?
Feedback greatly appreciated.
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