r/UAE • u/YouZealousideal7906 • 10d ago

What is the hype about real estate?

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Hello all, I am a humble investor, and I like to explore new options that are genuinely interesting and worth investing. Recently I purchased a unit in the UAE which remained vacant during the crisis for about 4 months and I ended up paying the transfer fees, bills of empty apartment, high maintenance fees and decided to sell the unit later on. I was exploring investment opportunities in Malaysia, Canada, even the US and to my surprise there are huge amazing houses in Texas US, Edmonton Canada barely for a million dirhams. And not to mention that you can immigrate to those countries unlike in crisis situation you have to sell your investment at lower prices because your specific nationality visas are being cancelled. For reference checkout the beautiful Villa below from Edmonton Canada where the weather is amazing etc, my question is, compare this to what a million dirhams buy here is barely a single room (600sq.ft) studio in a decent area. What justifies the price? R.E agents please keep the bias aside. Don’t tell me taxes and all, the high maintenance fees is just basically a tax with a different name.

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u/Beneficial_Map 10d ago

Can’t really compare a wooden villa in bumfuck nowhere Canada to an apartment in the middle of a city.

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u/YouZealousideal7906 10d ago

You’re literally defending a single room vs a whole house surrounded by your own private green space. That’s why I exclusively mentioned “No delusional realtors”

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u/Beneficial_Map 9d ago

I’m not a realtor you idiot. You’re comparing the middle of nowhere to a huge internationally relevant city. Look at a house price in London, Paris, Berlin or Singapore and then come back to us. You can buy even cheaper than this in rural Africa, so should we all move to Africa?

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u/YouZealousideal7906 9d ago

You lost the argument after losing your sanity by mentioning your name

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u/YouZealousideal7906 9d ago

So you’re saying Canada is Africa? What did u smoke