I have just rented out (subject to receiving chq) a 1 bed in K8 Greece for 54k AED. The apartment was better than I expected though the que of sewage trucks and the smell is pretty grim. From speaking to people there, there is growing pressure to either move the sewage works or improve the functioning of it. Despite this they are renting out due to closeness to Marina etc and the rental cost compared to other sites. The apartment and site is pretty basic. However, I bought as an investment and I am pleased with the rental return. Also, being an optimist, with the sewage plant improvement/move(hope) and future landscaping, I see it as a hold for several years.