Quote:
Originally Posted by sgilli3
I personally would never buy before renting in an area.
I believe you need to get "the real feel" of an area before committing long term to it.
An area that you drive through and see a great house in, may not necessarily be an ideal area for you.
You may find that the community feel you were looking for doesnt actually exist, that the traffic to and from the house is worse at times, other than when you have been past.
etc etc.
This is just my opinion...not just for Dubai, but anywhere in the world
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Point accepted and ordinarily I would agree. My point was that having spoken to some ex colleagues who live and work out there, certain areas seem fairly safe (by safe I mean good location) in terms of ex pat community, close to schools etc. If these areas are popular now it should hold that they will be popular in the short/medium term?
If you could pay rent monthly and the figures were sensible I would agree. but looking at some 'back of a fag packet' calculations it seems that rental figures equate to 8-10% yield?!
Surely it would be mad to rent if you can get a mortgage instead. If the rental market is so strong, of the area works out wrong for you it could be rented?