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Updated about 8 years ago,
Buying 1 Bedroom Flat in Dubai
I am planing to buy a one bedroom flat in Dubai with following specifications: (all numbers are in UAE Dirham (AED))
Price: 500,000
Down-payment: 125,000 (25%) + 37500 (dealer, bank, transfer fees)
Flat Interest rate: 2.68
Rent per month: 4000
Saved rent per month after maintenance : 3420
Cash flow per month after EMI: 1330
Is it worth-full to buy this property?