That will increase your material costs for the job and is the contractor paying for the material in their bid or are you paying for it and paying them a labor cost.

This is usually done to increase your rental income but it comes with a price as you are finding out.  

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

By making yourself an asset, you’ll increase the chances of someone taking you under their wing.Use BiggerPockets to connect locally.

Last time I checked Dubai has an increasing oversupply of properties due to overbuilding.

Other most common factor: Family Size increases due to marriage or having a child. 

Once the property is sold however we will be ok and our incomings are due to increase the following year.

Added equity is gained from appreciation, which is based on the property value, which starts out the same, and increases at the same rate, whether you ny all cash or no cash. 

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?