Dear jameel sb,
Although the question is not related to Lahore. I hope admin will allow me to post.Jmeel bhai I understand that yu live in UAE. Im also living in Dubai and currently in the thinking process whether to mortgage a apartment here or not?? im sure yu will be having an eye on real estate in Dubai also...plz advice is it a good time to Mortgage??? or market will go through correction owing to Oil prices slump?
Regards
Ahmet replied on Sunday, May 10, 2015 05:00 AM
If your buying to live, there's never a bad time to buy in Dubai. If for investment, I'd suggest buy within the next 3 months. Prices in Dubai are almost near the bottom. As the Expo2020 approaches, you will not get the same prices again. |
flex01 replied on Sunday, May 10, 2015 05:24 AM
I am also interested in exploring the same. Any comments from Jameel Sb or other people having first hand dubai experience would be appreciated. |
flex01 replied on Sunday, May 10, 2015 05:24 AM
I am also interested in exploring the same. Any comments from Jameel Sb or other people having first hand dubai experience would be appreciated. |
dubai replied on Sunday, May 10, 2015 05:27 AM
im buying to live... however very high transfer cost plus commission is my cause for concern...it will cost almost 8 percent of total value of property upfront....thats too much... |
Irfan Doha replied on Sunday, May 10, 2015 05:36 AM
first of all if you do mortage only go with islamic finance such as Tamweel,
I have been active in Dubai property for past 7 years, my advise is to go with lower price and so that you could do finance of only 50% or less and go with agreesive payment plan, this way you will protect yourself.
you may contact me on irfan778 @ hotmail for any specific advise |
dubai replied on Sunday, May 10, 2015 05:48 AM
thanks Irfan sb..... I will surely contact yu through e mail... |
Ahmet replied on Sunday, May 10, 2015 06:25 AM
I have 2 properties in JLT, both financed through ADIB. Why I like them is they dont shoot up the markup after the first 3 years. Its probably because they are quite liquid unlike the Dubai banks. |
dubai replied on Sunday, May 10, 2015 06:42 AM
Ahmet sb.... which areas do yu recommend for living purpose only and also which gains in value also with time... my work is in Free zone JAFZA... JLT is a bit expensive I suppose :) |
dubai replied on Sunday, May 10, 2015 07:24 AM
thanks... everybody keep on recommending Remraam... i have been there to have a look...the place looked deserted..although inside they have made it liveable.... JVC i like bcoz of access to major roads (sheikh mohammed bin zayed/ Alkhail)...thanks for the input... really appreciate |
DubaiHills replied on Sunday, May 10, 2015 01:12 PM
Ahmet sb,
I will appreciate if you could guide me on another Dubai property.
I bought an off-plan 2-bed apartment in Dubai Hills in Mulberry @Park Heights in 2014. So far there has not been any increase at all in the price due to the overall correction going on in the market.
I can potentially hold it till handover. DO you think it is a good investment for 2-3 years? or should I sell it off and move on to a better place?
thanks |
