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!
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!