Hi BiggerPocket community,This.is Michael, currently a partner of Coldwell Banker UAE.Just want to introduce myself to this community and proactively will be sharing more about investments in the real estate market here in Dubai.

Also looking forward to sharing some of my experiences form the last few years in this market. 

It’s been on the market over a month and I believe is a little overpriced given the current interest rates at the moment. 

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

My local REI buddy called today.  

Just a heads-up: with the way the insurance market has been here over the past couple of years, this is accurate as of today, but things could look very different (for better or worse) in 6+ months.

Let me know if you need help connecting with local resources or tools!

I'm curious to validate some of the figures in my analysis with local investors in this city

It is hard to really keep up with those kinds of trends unless I budget 10k a year in updating the property which I am not going to do.I participate in our local council/mayor meetings.

easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.