Go Back   Expat Forum For People Moving Overseas And Living Abroad > Expat Forum Other Forums > Expat Media Requests

Expat Media Requests This sub forum is for members of press, media and broadcasting industry to submit requests to the Expat community for editorials, interviews and media participation. Expatforum.com does not check the validity of posts made here in any way.

Thinking of buying a house?


Reply
 
LinkBack Thread Tools Search this Thread
  #1 (permalink)  
Old 7th January 2013, 01:30 PM
Expat Newbie
 
Join Date: Jan 2013
Location: Dubai
Posts: 1
Rep Power: 0
sarahamdan.iht is on a distinguished road

Users Flag! Originally from usa. Users Flag! Expat in uae.
Default Thinking of buying a house?

Hello all,

I'm a journalist writing a story for the New York Times about the proposed mortgage cap in the UAE that will ask for a minimum 50% deposit to buy a house - I'd love to hear if you're house hunting, how this will affect your decision (will you rent instead?) etc. Please get in touch if you'd like to share your experiences.

Thanks!

Sara Hamdan

Reply With Quote
  #2 (permalink)  
Old 7th January 2013, 04:00 PM
Banned
 
Join Date: Sep 2011
Location: Dubai
Posts: 144
Rep Power: 0
M.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond reputeM.A.K has a reputation beyond repute
13 likes received
4 likes given

Users Flag! Originally from pakistan. Users Flag! Expat in uae.
Default

Cant confirm but there are rumors that there are ways around this. I personally never bought anything here i couldnt back with cash but i have never looked at dubai as a home buying option but only as a place to invest so they are small investments. It is interesting though to see how this plays out and whether the market slows down or speeds up.

Reply With Quote
  #3 (permalink)  
Old 8th January 2013, 01:20 AM
Expat Newbie
 
Join Date: Jan 2013
Location: Dubai
Posts: 4
Rep Power: 0
itisalok34 is on a distinguished road

Users Flag! Originally from india. Users Flag! Expat in uae.
Default

I am planning to buy a house and definitely if 50% rule goes through then it would be out of question for me to buy the property as shelling out 50% cash is really too much for service men.

I definitely see a reducing demand for apartments post this rule being in place. It will not only impact the demand, but also the entire mortgage industry, jobs, property prices, rentals...

Reply With Quote
  #4 (permalink)  
Old 8th January 2013, 07:06 AM
sammylou's Avatar
Senior Expat
 
Join Date: Oct 2012
Location: Dubai
Posts: 201
Rep Power: 25060
sammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond reputesammylou has a reputation beyond repute
132 likes received
80 likes given

Users Flag! Originally from canada. Users Flag! Expat in uae.
Default

Quote:
Originally Posted by sarahamdan.iht View Post
Hello all,

I'm a journalist writing a story for the New York Times about the proposed mortgage cap in the UAE that will ask for a minimum 50% deposit to buy a house - I'd love to hear if you're house hunting, how this will affect your decision (will you rent instead?) etc. Please get in touch if you'd like to share your experiences.

Thanks!

Sara Hamdan

hi Sara, while i do not have anything to contribute to your article just now, i would love to read it when you are done. would you be so kind as to provide a link if it's posted online somewhere? thanks!

__________________
:: everybody has a plan until they get punched in the face - mike tyson ::
Reply With Quote
Reply

Tags
mortgage

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Beware if you are thinking of buying a second hand car hhaddad Egypt Expat Forum for Expats Living in Egypt 4 24th November 2011 09:23 PM
thinking of buying a studio in Hurghada lowryder Egypt Expat Forum for Expats Living in Egypt 35 5th September 2011 05:41 AM
Thinking of buying a house in NZ? Rachie New Zealand Expat Forum for Expats Living in New Zealand 1 3rd February 2008 11:42 AM
Thinking of buying a house in NZ.... Karen New Zealand Expat Forum for Expats Living in New Zealand 2 27th January 2008 12:42 PM
Thinking of buying a house in NZ? Karen General Expat Discussions 5 21st August 2007 06:27 PM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
FORUM PARTNERS

ExpatForum.com is owned and operated by the MoveForward.com Limited group.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 04:19 PM.

Contact Us - Expat Forum - Archive - Top

Powered by vBulletin®
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO