@@TheShredder316 well you can’t live for free unfortunately but that’s why I went with Malaysia instead, Zero taxes on foreign income and cheaper luxury lifestyle compared with dubai
Good attempt on explanation but as we can see there are very many variables which are assumptions and may go north or south with little to no control from renter's/buyer's hand..
The apartment youre using as an example is $628K for 761sq/ft (71 sqm) which is reasonable compared to other major cities considering youre using a prime location. It would be nice if you showed more affordable properties just to show how nice a place you can get in Dubai for very low prices.
@@playmoreguitar5393 I know what youre saying is true, but still, Dubai offers the best bang for your buck as far as lifestyle and low income taxes. Im sure as hell not going to spend the outrageous money of living in London or San Francisco when I can live in a better but cheaper apartment in Dubai. Dubai apartments might be cheap but people usually only live there half the year. I used to live in Silicon Valley and the houses there are these shitty 50 year old 100sq/m shitbox houses that should have been torn town years ago and cost $1.5M. Also having ZERO crime is a big reason to live in Dubai.
i believe the prices are all time high and it will go up higher by little bit. but here's the real kicker: each year, more and more people are moving outward ex (from Marina -> to JLT --> JVT/JVC -> keep going out) this is because the salaries are barely increasing while other costs + renting is increasing. when this will keep going ? until the apartments become unbearable to rent and keep being available for a year, it will keep going up. So i'd safely would assume that the rent increase should be 2% assuming: +5% per year vs a crash of -5%
These videos always assume people know the dirham exchange rate. $10 = 2.73 UED so that is basically a dollar is a little over 4x as much as a dirham. 2.73 x 4 = 10.92
Since the exchange rates aren’t static, I think it’s a great idea to NOT include any conversions in the videos, right? As far as divulging quality information goes however, I think this is a belter of a video. Thanks for the great work T !
@@fatai101so the national currency of UAE which is Emarati Dhiram is pegged to US dollar which means that there won’t be any fluctuations in exchange rates. Which makes the exchange fee negligible.
Sorry man but the agent fees you will have every year. Just check your contracts. You will pay those 5% every single year, not only once. That is the property scam in Dubai anyway.
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Solid video, very informative!
Very detailed and Insightful. Thank you for making this video. Became your subscriber after watching this video.
wow, very detailed breakdown. Good job
Geeked out properly! Love this
Excellent video!
Bro really dropped a video while riding a quad 🏜
Work never stops bro 😂
wow a lot of numbers thanks
Wow this is quite detailed!
Great insight. Structured all the points I was looking at for this very topic.
The bloody initial input is the steep part!? 😅
The upfront costs and fees for buying are outrageous. I'd love to know how the government and agents justify all of them.
Cause they don't tax most of individuals related stuff
@@playmoreguitar5393depends on lifestyle choices but I would say with a similar time spent I would not be who I am if it was not in dubai.
You live tax free
@@zaakbn yes, but they compensate it with high fees and prices of basically everything else.
@@TheShredder316 well you can’t live for free unfortunately but that’s why I went with Malaysia instead, Zero taxes on foreign income and cheaper luxury lifestyle compared with dubai
Great video
Hi Tuomas, how do I sign up for your newsletter and thanks a lot for the information. Would love to get in touch with you as well.
The link is in the description
If you fill the form for the buy/rent calculator you are automcatically signed up for the newsletter
I achieved this lifestyle with Class A luxury apartment investment/ownership!
Good attempt on explanation but as we can see there are very many variables which are assumptions and may go north or south with little to no control from renter's/buyer's hand..
that's the case with any market/country and cannot be avoided
@tuomaskiv Yes, but great video , I subscribed
You are a Smart Young Man!!
The apartment youre using as an example is $628K for 761sq/ft (71 sqm) which is reasonable compared to other major cities considering youre using a prime location. It would be nice if you showed more affordable properties just to show how nice a place you can get in Dubai for very low prices.
@@playmoreguitar5393hey brother get in touch if it’s market value and in a decent location might get it sold almost immediately.
@@playmoreguitar5393 I know what youre saying is true, but still, Dubai offers the best bang for your buck as far as lifestyle and low income taxes. Im sure as hell not going to spend the outrageous money of living in London or San Francisco when I can live in a better but cheaper apartment in Dubai. Dubai apartments might be cheap but people usually only live there half the year. I used to live in Silicon Valley and the houses there are these shitty 50 year old 100sq/m shitbox houses that should have been torn town years ago and cost $1.5M. Also having ZERO crime is a big reason to live in Dubai.
The liquidity of Dubai's apartment real estate is much lower compared to the S&P 500.
I done the calculations, if it's for you buying is best if you have cash., if mortgage my calculation it's not a good idea. The risk too high.
maybe you can elaborate?
i believe the prices are all time high and it will go up higher by little bit.
but here's the real kicker: each year, more and more people are moving outward ex (from Marina -> to JLT --> JVT/JVC -> keep going out) this is because the salaries are barely increasing while other costs + renting is increasing.
when this will keep going ? until the apartments become unbearable to rent and keep being available for a year, it will keep going up.
So i'd safely would assume that the rent increase should be 2% assuming: +5% per year vs a crash of -5%
No problem, thank you 🙏🏼
Promo code not included in the link! For blue ground
Ah, thanks for pointing out, added now
rent and buy btc ?
Brother I want to move which is best way to move ..which Emirates freezone visa is cheapest and how much cost
🔥❤
Good video but this is not everything…
Keep renting and buy bitcoin instead, hold for the next 5 years, and buy two houses in cash
These videos always assume people know the dirham exchange rate. $10 = 2.73 UED so that is basically a dollar is a little over 4x as much as a dirham. 2.73 x 4 = 10.92
It’s easy to google it if you don’t know it.
You need to go back to school!
Since the exchange rates aren’t static, I think it’s a great idea to NOT include any conversions in the videos, right?
As far as divulging quality information goes however, I think this is a belter of a video. Thanks for the great work T !
@@fatai101so the national currency of UAE which is Emarati Dhiram is pegged to US dollar which means that there won’t be any fluctuations in exchange rates. Which makes the exchange fee negligible.
Sorry man but the agent fees you will have every year. Just check your contracts. You will pay those 5% every single year, not only once. That is the property scam in Dubai anyway.
Dear,
I Recently Visited Your RUclips Channel and Really Enjoyed Your Content.
However, I Noticed A Few Areas Where Your Videos Could be Performing Better, Which Might be Affecting Your Rankings.
Here are Some Issues I Found: Video SEO Has Not Been Properly Done.
Videos are Not Being Released on Time. The Video Titles are Not Optimized.
Keyword Research has Not been Done Effectively.
Addressing these Issues Can Significantly Improve Your Channel's Performance and Visibility.
As an SEO Expert, I Can Help You Resolve These Problems.
If you're Interested, I'd be Happy to Assist in Optimizing Your Channel to Reach its Full potential. Looking forward to Your Response!
Best Regards
Ayman
Very thorough! Well done
Great video.