Hello Expats,
I'm a complete newbie to the forum (this being my first post) but hope I can contribute.
I know Dubai pretty well as have stayed for 4 months a year for the past 4 years.
I'm now looking to relocate full time and seeking a 1 B/R apartment.
My budget is between 40,000 - 70,000 although my ideal spend would be 55,000
My ideal areas are the Old Town (listed properties seem to be from 70k +,) Marina or Downtown/Business Bay.
I've seen a lot of threads regarding prices and the current market, although, to me - prices still seem to be listed relatively highly. What discounts should be expected in these areas for a property within this budget?
Would it be feasible to say that a property at 70k in old town listed with 3 cheques could be acquired for 55k with the same number of cheques or is that pushing it a bit?
Anyone with recent experience of this - your words are appreciated. I have noted around a 6% decrease in the last Q of 2010 so things are looking promising with the right LL.
Thanks
I'm a complete newbie to the forum (this being my first post) but hope I can contribute.
I know Dubai pretty well as have stayed for 4 months a year for the past 4 years.
I'm now looking to relocate full time and seeking a 1 B/R apartment.
My budget is between 40,000 - 70,000 although my ideal spend would be 55,000
My ideal areas are the Old Town (listed properties seem to be from 70k +,) Marina or Downtown/Business Bay.
I've seen a lot of threads regarding prices and the current market, although, to me - prices still seem to be listed relatively highly. What discounts should be expected in these areas for a property within this budget?
Would it be feasible to say that a property at 70k in old town listed with 3 cheques could be acquired for 55k with the same number of cheques or is that pushing it a bit?
Anyone with recent experience of this - your words are appreciated. I have noted around a 6% decrease in the last Q of 2010 so things are looking promising with the right LL.
Thanks