What about this deal? ... Need advice
Today I have been in a villa. Its 3 bed room brand new in Gharafa rent is QRs 240000 for 24 months I think it’s a good deal. But I have to pay 24 months rent in advance.
The villa is very good,fully furnished with posh interiors, they provide 24 hour security and maintenance. Common facilities for 20 villas are club house, swimming pool, massage centre, Internet café.
Actually it looks like a good deal in the beginning, what you have to consider is the following:
1) will your job last as long as the villa contract?
2) what happens with the maintenance when needed?
3) if you decide to leave Qatar before the two years is up what will happen to the money you already paid upfront?
4) will they allow you to find another tennant if they don't want to pay the money back?
If you can reesolve thes issues then why not.
make sure u make the deal with landlord not with someone else
other point u can not garantee that u will stay here for the next two years
Many noticed that the rate is now starting going down, I got same offer at Manaseer 5km from Hayyat Plaza, 3 stores but non furnished and without services but they ask to pay for 12 months in advance
I smell a Rat here. don't fall in to this trap :(
Thanks for the valuable advices...
I will think about the risk factors also..
my friend just rent a villa somewhere in Gharafa, 9000 a month 3 bedroom house including the white goods. Very big and spacey ...
The catch you have to pay cash 2 yrs in advance.
I guess the landlord need the cash desperately.
expnad, I know you are talking about Aljazeera 5 near land mark. You need to be careful in dealing with these guys. PM me for details.
but don't forget, you have to invest your money, to close it for 2 years..who knows what is going to be with the market in 1 year? you might gain, you might loose.. well.. like any investment, there is s risk...hart to advice..
10.000/month it's good deal.
24 months in advance payment...think twice!
From a personal perspective my logic works as follows:
You have a choice, rent or buy....
If you rent that is money down a black hole only a monthly basis.
If you buy... let assume the property very conservatively appreciates at 8%, which was the interest rate you was quoted. That is purely to cover the interest that is repayable.
Whatever you pay towards your mortgage you will get back when you sell.
The only only time you loose is if the bottom falls out the market which is the risk factor of course.
Now when you treid to purchase a property on the Doha, it would have cost you 9000QR/month plus 950QR/month for levies etc. That includes access to a gym and all the things you expect from a luxury developement.
Think twice!
oops my eyes must be sleeply i misread the figure..its a great deal..go for it..
good deal.
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it comes to 10,000 a month!! is that hard to calculate or what??
robertsky09 ..what is YOUR IQ???
Monthly rent will come QRs. 10000/ month
24,000 is a good deal?
sounds like a pretty good deal to me....rents are probably gonna go up at least the next 3 years....but I think one factor you should take into consideration is how far the villa is from your place of work...
rob,,,,,,,,,,,,,thats not very nice!
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robertsky09