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Anyone renting out property in Dubai

 
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ianthy



Joined: 12 Mar 2006
Posts: 520
Location: Bologna, Italy

PostPosted: Wed Jun 01, 2011 5:33 pm    Post subject: Anyone renting out property in Dubai Reply with quote

Hi

We are considering a property in Dubai for rental purposes and would like to hear from forum members that have a rental property in Dubai.

thks
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Mouse



Joined: 20 Jun 2006
Posts: 7263
Location: Balearics

PostPosted: Thu Jun 02, 2011 12:50 pm    Post subject: Reply with quote

Isn't is supposed to be a saturated market? I've heard lots of people have had their fingers burned so do be careful

Mouse
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fincafern



Joined: 05 Feb 2007
Posts: 539
Location: costa del sol, spain

PostPosted: Fri Jun 03, 2011 7:06 am    Post subject: Reply with quote

I lived there for 5 years quite a long while ago when you couldn't buy property if you were an expat.

I still keep in touch with friends still there and in Qatar.
I agree with Mouse - be very wary.
Abu Dhabi would be better, far more financially stable and they are the ones who keep bailing Dubai out, but that can only go on for so long.
I had a regular guest for four years who used to work there in finance - he would visit us twice a year sometimes and do his work from here. I haven't seen him this year and we both knew why - his time was limited, we discussed it before he went out for the last time. He had quite a few stories to tell me as an insider and kept me well updated- fascinating stuff.
You need workers for rentals.
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