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Discussion Starter · #1 ·
Dear all,
We have hard earned money of AED 350k ready for investment in Dubai.
My plan is to take a loan of another AED 350k and purchase a flat in Discovery gardens for AED 700k.
This should fetch me rent of appox AED 4000 per month, 48k p.a less maintenance of AED 19k. Total return approx. AED 30k.

Do you think this is a wise investment? My husband makes AED 20k per month. We have no liability. Plan is to repay the AED 350k loan in 3 years @ 9000 per month.

Please let me know your thoughts.

Regards
Priya
 

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Personally, if possible I would wait for sometime to see what is going to happen in the near future. For the people familiar with the pre 2008 period, all recent signs and news seem eerily similar to back then. Which leads me to believe that unless somethings don't get implemented soon or change, 'bubble burst - part deux' is almost certainly on the horizon.

Also depending on which part of India you are from, it might just make more sense to invest in property there ...

p.s: my personal thoughts on the subject ...
 
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