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Updated almost 12 years ago, 02/12/2013
Rich WeesePoster#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
- 3,497
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I want to be a Landlord here in Dubai
What an amazing place! The $$$$$ OOZES from everywhere since they discovered Oil and actually drilled for it. (What a concept!)
On 1 year lease ENTIRE rent is due in ADVANCE! If lease is for 2 years or more, first year rent is due in full and then 12 monthly checks written and dated for each of the next 12 months. If any check bounces, you go to jail. So, if you lose your job etc, you better leave the country. It would be difficult to be an absentee landlord since the time is 12 hours ahead of CA!
Mods- Feel free to re-classify this thread. I hate to take the time to type an ad and then find I wasn't qualified to place in that particular category...Thanks. Rich from Oman.