Looking to move to dubai!

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Looking to move to dubai!


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  #1 (permalink)  
Old 14th May 2016, 11:52 AM
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Default Looking to move to dubai!

hey is it a good idea moving to Dubai. In terms of work I currently work as a property consultant and would be doing the same job in Dubai ( before all the negative comments come in many ways the property market in HongKong is quite similar, maybe just a little more organised) Just came back from a visit in Dubai and found quality of life to be quite similar and cost of living is cheaper and have been looking for a fresh experience would there be any hidden costs? Ive been looking at it and seems I have a good idea of all the costs associated with the move.

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Old 14th May 2016, 01:42 PM
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Most real estate companies work on commission only and don't provide a visa ( illegal) so expect to do visa runs every 30 days. I don't think the market is that buoyant at present and going by local media ( do your research) sales are down at present. Start up costs in Dubai are huge. You need a visa to get a tenancy contract as hotel apartments are expensive, you have to pay by 1, 2 or 4 cheques, DEWA set up for utilities are 2000AED, 5% agency finders fee for an apartment and 5% deposit for said apartment. Costs for WIFI 16MB are around 350 and it's slow. Furniture you could either get fully furnished or buy cheaply at IKEA etc. Hire Car around 2000AED a month you can't get a bank account until you have a visa so hotel apartments may be an idea until you have a visa.
Good Luck

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Old 14th May 2016, 10:20 PM
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okay thats a huge issue as I would like to keep things legal and especially as my other half unlike me can't do visa runs as she's limited to 90 days in 180 days (EU passport holder) where as I can keep doing 30 days but would prefer not to. In terms of other thing the cost seem quite similar expect Rent is paid monthly and utility deposits are lower but overall rental costs are lower e.g.. In HK i pay 10,000 AED equivalent for a 450sqft apartment in a average part of town (gas,water and electricity cost an additonal 300AED in winter and 500AED in summer) and car ownership is out of the question but transport is great. Internet is something I have looked into in HK 1000mbps costs about 180AED a month but includes nothing else and the constantly changing football rights from one company too another means I end up paying close to 500AED for internet plus phone and tv (only about 50 channels of which half are cantonese). In terms of the market the research I have done shows it is worse in HK than Dubai sales here have pretty much dried up and conditions probably aren't going to improve for 2-3 years.

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Old 15th May 2016, 12:55 AM
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Hi,
Couple of things.
In HK does the buyer/renter or seller pay the agents commission?
In HK are properties sold/rented exclusively through one agent - or is it a total free for all (like Dubai)
In HK - are the photos in the adverts good quality and actually of the place for rent or sale?
In HK - can you actually rent or buy the place advertised - or has it already "gone"?
In HK - do the agents return your calls and actually show some level of interest in renting or selling you a place?
Does your wife have a confirmed job in Dubai - or are you going to need to support both of you on thin air for the first 6 to 9 months?
Cheers
Steve

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Old 15th May 2016, 02:38 AM
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Hey there,


In HK does the buyer/renter or seller pay the agents commission?
In both cases the commission is divided between the two parties in sales 1% from each side recently many agents have been negotiating that down and in rental 1 months rental is paid to agent divided again between landlord and tenant

In HK are properties sold/rented exclusively through one agent - or is it a total free for all (like Dubai)
Its a complete free for all

In HK - are the photos in the adverts good quality and actually of the place for rent or sale?
This can depend widely on the firm in question but overall I would say its 50/50

In HK - can you actually rent or buy the place advertised - or has it already "gone"?
In most cases the adverts are bait sadly and the place is usually gone and it can be very frustrating

In HK - do the agents return your calls and actually show some level of interest in renting or selling you a place?
Agents are desperate to close in the current market has been for the past few years so they do try there best and return your call instantly and show a lot of interest


Just some background the property sector in Hk has been terrible the number of agents has swelled (35K+) and the number transaction has dwindled (8k in the first quarter of 2016) government regulations on buying are very high with max mortgage in many cases being limited to 50% to 60% depending on prices and additional taxes for non local (20%+ total taxes) and second time buyers

Does your wife have a confirmed job in Dubai - or are you going to need to support both of you on thin air for the first 6 to 9 months?
She does not, however she doesn't work full-time here either and I do have loads of savings to support myself

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Old 15th May 2016, 05:40 AM
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Sounds like you have made your mind up already.
Best of luck in your move to Dubai.

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Old 15th May 2016, 02:37 PM
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HI, Im from hongkong too, just moved to dubai for a month. i used a month to find an apartment, apply those DEWA, driving licence, internet, visa and now the emirate id card is still under processing. For me, i think the lvining standard is a bit lower than Hong Kong, especailly for daily necessity and food. But eating out is more expensive and less options. internet and water is more expensive, but car, fuel and parking fee is much much much lower than hk. the rest is more or less similar to hk.

Actually i do enjoy living in dubai, hk is too crowded, too many ppl, noisy. so if u are fine with the hot weather in summer, the low efficiency, and cultural desert here, dubai is a better place to live.

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Old 15th May 2016, 02:41 PM
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the most important is to do all attestation in hk before you come to dubai, attestation in marriage cert, birth cert of kids, education cert, driving license(better have english translate though it got english on it-.-)

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Old 15th May 2016, 05:51 PM
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Hi really during my visit one thing that impressed me in comparison to hong kong is the much better choice in the supermarket and prices that are in many cases 50% or more cheaper for many of the products I consume. In Hong Kong grocery shopping is a total nightmare having at times to goto 4-5 different places to complete weekly shopping, the problem for my partner is worse as there some things she's used to that just don't exist in Hong Kong. I found eating out to be about the same more or less except HK does have some really good options to eat out for really cheap which I didn't find in HongKong in terms of western choices prices are very similar possibly dubai costing 10% more on average. I found drinking was very expensive in comparison to Hong Kong on the other hand

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Old 15th May 2016, 08:11 PM
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a quick question does Dubai have road tax for car owners? (e.g. in HK there is road tax which is paid either annually or every quarter)

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