I dont know if this thread goes here but those who live in Dubai would be ablr to give a good insight.
how much would a 2 bed apartment/house cost in Dubai; not in its suburbs that is?
what are the things to consider when buying a place in Dubai? Pros & Cons?
Re: Buying apartment/house in Dubai?
yeah, ok! STOP thinking about buying a house/apartment!!!
as per your siggy! :D
Buying apartment/house in Dubai?
Lol! Please lemme ...
Re: Buying apartment/house in Dubai?
I dont know if this thread goes here but those who live in Dubai would be ablr to give a good insight.
how much would a 2 bed apartment/house cost in Dubai; not in its suburbs that is?
what are the things to consider when buying a place in Dubai? Pros & Cons?
Most apartment buildings in 'urban' Dubai are high end, and prices would be in the AED 1 million plus range for a nice 2 bed. This is after the recent price increases since the Expo 2020 decision.
Pros are that you will be able to recuperate your investment soon if its rented out. If it is in a freehold area, you will be a 100% owner, as opposed to non-freehold properties.
Cons are that Dubai is getting congested, not with people, but with buildings...and areas that looked like paradise a few years ago look like a crowded funfair now. Maintenance costs are shooting up along with property costs, so that is something that has to be factored in as well.
Bottom line, from an investment perspective, now is not a good time to buy in Dubai, because prices are bloated. Once the bubble deflates, prices will normalize in a matter of time, and then it would make more sense.
Re: Buying apartment/house in Dubai?
Dubai has many expensive apartment to live but these are having a lot of facilities. You should to choose the best.