Return on investment in Dubai.....
Hello Ismael,
Investment in Dubai is becoming increasingly popular, the amount of enquiries has more than doubled over the past 6 months. I would have some caution though, prices have gone through the roof in over the past 3 years, there is not a huge resale market and mortgages are not that easy to come by. Usually, you need a deposit of up to 40%, only 1 lender will do it on a buy to let basis. Most purchasers are hoping for a 365 day rental return on the basis of the weather. If I were investing I would look at it as a long term inv. I would however reiterate that there is split opinion as to whether the bubble is about to burst or will it be the next London Docklands.
Thanks for your advice
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