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sebastiangray
New Member
Ladies and gents,
Thought I'd start my very first post on this forum by asking you for Your take on UAE real estate market, rent vs buy.
I work in an international environment with over 20 nationalities represented. In the 7 years the Company have operated in UAE, only a handful have actually invested in real estate (Apartment or house),while the rest are renting even though they have been here for 5-10 years. Why is this?
I am an Economist myself and are from a very expensive country beeing used to a typical two bedroom Apartment go for approx. 3-5 million dirhams.
What is the general impression of the real estate market for the expats on this forum and why?
I my own opinion, I will invest in a property as soon as I find an object that can be rented out easily for a good return of Investment.
Cheers.
Seb
Thought I'd start my very first post on this forum by asking you for Your take on UAE real estate market, rent vs buy.
I work in an international environment with over 20 nationalities represented. In the 7 years the Company have operated in UAE, only a handful have actually invested in real estate (Apartment or house),while the rest are renting even though they have been here for 5-10 years. Why is this?
I am an Economist myself and are from a very expensive country beeing used to a typical two bedroom Apartment go for approx. 3-5 million dirhams.
What is the general impression of the real estate market for the expats on this forum and why?
I my own opinion, I will invest in a property as soon as I find an object that can be rented out easily for a good return of Investment.
Cheers.
Seb
