You will also provide the whole amount if you plan on repaying the loan in full beforehand.  

Hi, anyone that has invested or is planning to invest in Dubai housing, let us chat.

Read books, network, research markets, and plan your strategy.

Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied.

I would buy a deal that at least minimally cashflows (they exist) and then plan to refi in the 18-36 month window.

What is your plan after rehab.

It should have been communicated that we had a plan to assist you and would waive the new resident lease fee. 

Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.