X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Overseas Investing

    Holiday Home in UAE

    Hello Everyone

    My partner and I have a small portfolio of 4 rental properties and our own home. Our day jobs are well paid so have invested in property in both England and Scotland

    We are considering purchasing property in the UAE, specifically Abu Dhabi, which we would rent out airbnb style for 8-10 months of the year and live there the other 2 months of the year.

    Looking for any advice whatsoever on if the above is possible/advisable, tips or pointers,pitfalls etc

    Really only at the very beginning of the journey should we go ahead with it so all comments welcome

    Michael

    0
    0

    Suggest do not touch with bargepole - volatile political environment/dictatorship and little recourse if anything goes pear shaped - plus currency fluctuation issues.

    AED moves "in sympathy" with USD

    0
    0

    Built on sand? I would suggest renting in UAE because you have a solid income from your portfolio. When the next recession hits big time you would be glad, I remember the UAE, Dubai, Cape Verde, Spain etc. in 2008-9

    IMHO Tim

    0
    0

    seems to me the issue is that UAE is based on a no tax pricing model. But as you are UK tax resident you need to declare this income in the UK. So you pay extra to secure a property business in a no tax environment only to pay tax. Are you not going to over pay?

    1
    0

    Tax advisor and mortgage broker

    stuart@johnsonsca.com

    02039077022


    I’ve been here for over 6 years now. Yields can be strong but beware of service charges. Also, if doing SA be very sure it is allowed within the leasehold as some buildings are quite strict about who is coming and going. Personally I wouldn’t do this especially from the UK. I, like many others rent here, for various reasons, so would advise some serious research before proceeding.

    0
    0