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Back to basics

Discussion in 'UAE Property' started by georgihh, Dec 21, 2008.

  1. georgihh

    georgihh New Member

    The reality has come back to Dubai. All of us instead of losing money and becoming defaulter can still make money, good money. Now is time to rent not to sell

    Studio IC 420K
    First year 55000
    Second year 50000
    Third year 45000
    Total 150000 or 35 % interest for 3 years.
    That’s 10 % per year
    The interest from the annual rents will cover the service charges
    After 3 years the prices will stabilize or go up slightly so you can score on the initial investment of 420k

    As you can see from the example buying ready property gives you some security opposed to buying off plan and waiting for somebody to decide on your investment.

    You can still make money in Dubai

    If somebody has better idea please advise.
  2. MASHH

    MASHH New Member

    Dubai will always be a good place to invest in, wait till thing stabiliza and everyone will be running here to invest and make money...real estate will always be the number one long term secure investment
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