Originally Posted by stumbled

Georgi, u made me come back to these forums.

I have no knowledge of where you are based , but u certainly don't sound you are living in Dubai, but i will give you a perspetive of the gain you talk of is actually a loss.
You bought into IC in 2005 and you or anyone else out there got your hand over in 2007, thats 2 years into completion. Now, assuming i bought the studio for 267k and i live in the UK and 2 years ago £1=5,5 dhs ,today its 7.5dhs, thats a depreciation of 40% of the dirham in value to the pound!!!!!only on currency fluctuations.Not to mention people who paid in full on borrowed money lost out on mortgage or loan repayments of i'd say 5.5% per annum roughly or people who didn't borrow lost interest, so on 267k dhs appx 28-30k dhs lost.
Studios are flooded in the market and if you are lucky to get an annual rent of 40k dhs, have you taken into account , maintenence charges,furnishing the property, taxation in the country where you live(if not living in Dubai), mortgage repayments which have gone up 20% at an average,agents fee,traveling to and from to dubai...etc etc.
So, the 10% return you speak of is just what the agents show you as a dream, relistically you will be lucky to get 5-6% nett.

The capital appreciation is done, your apartment jumped from 267k to 360k today, that is only a gain of 34 %,with morgages hard to get and hard to maintain i expect a great crash rather than a gain.
I made a contribution to this forum earlier when times were much better and things still looked rosier, and back then i said cut and run.....i suggest again you still have time CUT AND RUNNNNNNNNNN!!!

The cash you get from selling your property deposit it into a bank and get 6,8% interest on it and wait for the markets to collapse and buy once again.