Q. If you plan to buy a property in Dubai and selling your home country property to fund the down payment. The question is if it’s a good approach? If not, should a personal loan be considered and is that too risky? Should a loan before or after mortgage a good option or lowering credit card limit for a higher loan amount a good idea. Also, with rising property prices, should you wait for a drop or will prices continue to rise?

Selling your property at home will influence what you can afford in Dubai. If you're buying for investment, consider multiple units in the off-plan market which requires only a down payment initially. Remortgaging your home may also help you raise the deposit without selling. Personal loans can be costly due to high interest rates so they might not be the best option for your down payment.

Getting the best mortgage deal involves shopping around and considering more than just the interest rate. Reducing your debt can improve your chances of getting a favorable loan.

Currently, Dubai’s property market is stable driven by population growth and investor interest, making price drops unlikely in the near future. If you find suitable properties, it’s a good time to proceed.

Q. If you live in a rented apartment in Dubai and commute to Abu Dhabi and if you are thinking about buying property in either city. Are property prices in Abu Dhabi higher than in Dubai? Do you worry about investment returns due to the distance from city centers. Will areas like Dubai South become more popular or has the opportunity being missed with rising prices?

Property prices in Dubai and Abu Dhabi are similar around Dh1,400 ($381) per square foot in outer areas. Dubai South has already seen price increases due to airport expansion plans but there’s still potential for growth as the area develops and attracts more residents. Future infrastructure projects like the Etihad Rail will further enhance connectivity and appeal in both cities, ensuring ongoing opportunities for investment in these suburbs.