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Nightmare property deal in Dubai-help needed
Comments
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Some you win, some you lose... Anyone who expects not to make the odd mistake & not to lose money from time2time is in for a sad awakening....
You ain't the only one in this 'ole: Quite a few were reeled in by the "Yes, property prices only ever go up" promises... Certainly I've lost money in property a few times, but never even considered Dubai
May I 'umbly suggest you take legal advice (here & in Dubai) and probably expect to walk away from any money you "invested" (As in "invested at the roulette wheel").
Hope you find something better next time..
Cheers!
Lodger0 -
I avoid areas populated by WAGS.
Where does Dubai get its income from?Living Sober.
Some methods A.A. members have used for not drinking.
"A simple book for complicated people"0 -
i would just pull out, hope that you can get the other 20% back (making you having paid 30%) of the asking price, but you may not get this back if the developer doesnt have any money
sorry, try to consider it a mistake, learn from it and move on, otherwise you'll be all churned up from it0 -
I hope they don't come after you for any more!0
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Just seen that a few celebs have lost a ton of money in Dubai - if they are in trouble with their ability to hire expensive lawyers I'm guessing OP you should prepare to walk away with a loss.0
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hi,
dubai property prices have fallen circa 40% to lose 30%... means you would do well... take it and run..
good luckPlan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0
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