Are properties in Dubai really this cheap!? - Total Newbie
DP and I are looking to move to Dubai and have been staggered at how high the rents are, in comparison to the value of the properties.
We've found some beautiful 3 bed villas (with gardens and pools) for £250-350k and modern, stylish apartments as low as £100k.
Is this right?! Am I missing something?
It seems that we could skip the whole renting and buy a cheap flat to live in for a year whilst working towards buying a villa, rather than the original plan of renting (cheapest rent in a decent place seems to be the £20k a year mark) - then either sell the flat or rent it out.
Honestly, it seems too good to be true - is it like the shared-ownership schemes in the UK where the property price actually only entitles you to 20% of it or something?