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Hi i m living in Dubai now around 4 years and i m thinking to buy a property to live in instead of renting ( ready or offplan)

but i m still reluctant because of the general environment.
Many properties off plan and a lot of empty ready properties, slow job market
I love to have property here but i do not want to end up like people in 2008 and cannot afford to pay my mortgage or cannot rent or sell my property
At the end all of us are here becuase of our jobs so financing a property is related to job

How do u see the environment and do you advise to buy now or continue renting ?
 

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Well now really is a buyers market. Many empty ready properties, many owners desperate to sell - so lots of negotiating and haggling can be done.

I own property here, but the rent only barely covers the mortgage, thanks to dropping rental prices.

If I had the choice over again, I wouldn't buy here.
 
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