Dear Design Architect,
Good questions, but many answers to cover.
Yes you can get a mortgage to cover the payments, however it will depend on your financial stability and situation.
You need to get with someone that really knows the market and can expalin in clear terms the pricing structure and where perhaps to invest with a clear explanation why.
Like most places Marina will show capital growth over the coming 1-2 years. It will depaend on your longer term goals.
For the last question, revert back to answer for the first one....
regards
Stephen
Quote:
Originally Posted by Design Architect
Dear All,
I have recently started to take interest in this whole "property" thing in Dubai, so now I have a couple of questions (which may be helpful to others as well)
- If somebody is advertising property with payment plan lets say 40% now, 30% in next couple of months and 30% on finish construction, can that property be payed with mortgage?? And does that mean that bank will approve 60% of finance or it can approve up to 90%???
- Current prices are all over the place as I see now. I was looking at JLT and it striked me that prices are very close to Dubai Marina Projects. And I don't mean Marina Diamond. Am I missing something. Not to say that Jebel Ali Downtown is climbing to 2500dhs/sqft and you can find a decent apartment in Dubai marina for 1500dhs/sqft
- Whats your opinion on off plan buying in Marina now, and is Marina good investment in a bit longer period (1-2years)
- If I take mortgage for one apartment - and buy it, how difficult is to get second one for (to buy another property and to rent it?)
Thank you very much
Regards
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