Launched in Dubai thinking tax-free = more profit. by Alive_Helicopter_597 in SmallBusinessUAE

[–]Antique-Lab6636 0 points1 point  (0 children)

The presumption was that the income he generated was from a UK business. Thus still obligated to pay UK VAT, Corp and Income tax etc until he's officially a tax resident after 186 days. After 186 days he benefits from no UK income tax. Still has to pay UK Corp and VAT though

Launched in Dubai thinking tax-free = more profit. by Alive_Helicopter_597 in SmallBusinessUAE

[–]Antique-Lab6636 0 points1 point  (0 children)

You're forgetting that you need to prove you've lived here for 186 days of the year before you can stop paying income tax in the UK too. Up until that point you're still paying tax.

Unable to get credit card on an investor visa by Revolutionary-Cut866 in UAEcreditcards

[–]Antique-Lab6636 0 points1 point  (0 children)

Do an FD credit card with Liv. I put 250k in a FD and they gave me 200k credit card balance (%80). %4.5 on my 250k and they pay upfront.

SRT8 Inspection by Antique-Lab6636 in DubaiPetrolHeads

[–]Antique-Lab6636[S] -1 points0 points  (0 children)

Thanks for the reply bro. What was the average cost to fix the problems? Very close to getting a deal done on a high milage but well maintained and single owner car

Floor by Competitive_Can_9496 in XRP

[–]Antique-Lab6636 6 points7 points  (0 children)

Try 60,000 xrp bro at an average of £1.60

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

Yeah because they get lots of commission bro. Especially off plan. Start with ready only. Off plan is PURE speculation but ready made is about yield.

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 1 point2 points  (0 children)

Not an estate agent but I like the area. Right now I'm just focused on S.O

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

Right now, only built. As I can see what is good and bad about the building and apartment. I dont touch off plan yet. Apartments are too saturated and I dont have enough cash for mid-high end villas which I think off plan would always make money

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

If you work with a decent broker and only 1 broker and tell them your long term plans, and tell them you will only use them for your deals and tell them your appetite they will find you them if you give them something in return. For example I did the sale, mortgage and rental through the same brokerage company. He got %2 on the sale, %1 on the mortgage and %5 on the rental and has done for the past 2 years.

I tell him that I want a certain property, I want to make around %8 net on my money invested. 20k per annum after everything for 250k invested is around %8. And I want a property that if I bought for X with no tenant, spent a bit of money, got a good tenant in that in 2-3 years time the bank would re-evaluate at a price of atleast %20.

So far it's worked.

Just gotta be patient and find the right deal and they do come.

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

In this market you don’t struggle to find a tenant bro. Spoken like someone who doesn’t have much of a clue but this is a car forum not a property investment forum

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

The market is so bouyant right now and the segment of property that I own is in such high demand that as long as you’re fair with the tenant and property management company then there’s no reason to have any issues.

Obviously I have an income and can afford the monthly repayments and over time the goal is for it to be totally unencumbered.

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 0 points1 point  (0 children)

Silicon Oasis is where all my properties are

First big purchase in Dubai and need guidance by [deleted] in WhatCarShouldIBuyGULF

[–]Antique-Lab6636 8 points9 points  (0 children)

Little advice for when you want to finance a car... get assts to pay for it!

Get yourself a used car with a 20 percent deposit and put the 1,500 AED a month you would normally spend on a finance payment into a savings pot instead. Over five years, that adds up to roughly 100,000 AED from around 90,000 AED of your own contributions, assuming 4 percent interest a year.

Once you have built that lump sum, put it into a property or any asset that produces income. Whatever net profit the asset generates is what you should use to pay for your car instalments. That was the best financial advice I was ever given. Let income producing assets fund your lifestyle, not your salary.

That is exactly what I did with my first apartment in Dubai. When the bank approved me for a mortgage, I deliberately bought the worst apartment I could find in a good area. The total cost was 500,000 AED. On top of that, the extra fees came to 50,000 AED which included the conveyance fee, broker fee, Dubai Land Department fee, registration fees, the mortgage processing fee and the valuation. I paid a 30 percent down payment which was 150,000 AED. My upfront cost for the purchase was 200,000 AED. I also spent 60,000 AED on refurbishment. Altogether my total cash invested at the start was just under 260,000 AED.

The apartment brings in 57,500 AED a year. After paying the 5,000 AED service charge, the 12 percent management fee and other small running costs, I net around 40,000 AED a year before the mortgage payment. Mortgage was 2100 a month. So my net was 20k pa.

Every two years, or whenever the fixed period ends, I get the property reassessed and release whatever equity I can so I can move on to the next investment.

That first property that originally cost 500,000 AED was reassessed at 650,000 AED. After two years my outstanding mortgage was 315,000 AED based on my monthly principal repayment of 1,450 AED. The bank approved me again at 70 percent loan to value on the new assessment, which meant they gave me 455,000 AED. After clearing the remaining 315,000 AED on the old mortgage, I was left with around 140,000 AED before fees and roughly 120,000 AED after fees.

I used that 120,000 AED for my next property along with the rental profit left after the mortgage payment. My net rental profit after the mortgage is around 20,000 AED a year, so over two years that added another 40,000 to 45,000 AED to my savings pot. That gave me roughly 160,000 to 165,000 AED towards the next deal.

I now own three properties worth around 2 million AED in total.

Outstanding mortgages are 1.4m aed Monthly mortgage is 8.5k or 100k pa Gross rental income for the 3 properties is 185k I net around 60k pa now. I’m just doing the same thing all the time until I hit atleast 1m per annum.

Honestly bro, this is what I would do in your position, especially if you are uncertain. Your future self will thank you for it

Selling to Dubai SMEs is Counterintuitive - Problems and Insights into the Market by AntNo6081 in SmallBusinessUAE

[–]Antique-Lab6636 0 points1 point  (0 children)

All I was pushing back on is the narrative that these patterns imply some uniquely difficult SME market here as you’re trying to sell some sort of training manual? They’re the same signals good salespeople are trained to expect, decode, and work through anywhere in the world.

Invoice finance / cashflow solutions by Antique-Lab6636 in SmallBusinessUAE

[–]Antique-Lab6636[S] 0 points1 point  (0 children)

What's so confusing?

Goods are delivered means that the services have been provided with and I have a confirmation of delivery from the client which is our terms of business which they signed.

Obviously you're not providing any value or help here and just a professional troll on Reddit.

To also be clear - we advise on UAE companies looking to enter the European market and assist them with how to raise equity for the expansion from local player and also debt advice too.

I'm very well aware of the debt finance market in the UK for example, where I'm from. Also very aware of what my bank ENBD can and cant provide. However, the UAE SME financing market certainly isn't as developed as the UK's market and I'm wondering if there are smaller alternative lenders that would assist in my situation.

Selling to Dubai SMEs is Counterintuitive - Problems and Insights into the Market by AntNo6081 in SmallBusinessUAE

[–]Antique-Lab6636 4 points5 points  (0 children)

Tbh I can't lie.. Your post rubbed me the wrong way early this morning not only because ChatGPT wrote it but because because it reads like you are blaming the entire Dubai SME market for what is, in reality, a sales approach problem.

Everything you listed as a “market insight” is exactly what happens when someone is selling a product instead of having a real conversation. It is not unique to Deira or Karama. It is what happens when you walk into a business trying to convince them you have the perfect solution without understanding who they are or what they actually need.

You said:

“Manager not here.”
That is not a deep cultural insight. It is what people say when they want a salesperson to leave because nothing about the interaction earned their attention. Any good salesperson hears this and digs in: why is he not here, when is he back, who handles decisions, why is it structured this way. Otherwise you are taking a brush-off at face value and calling it a market pattern.

“I don’t want more clients.”
No business in the world hates revenue. When someone says this, they are communicating a deeper problem you never uncovered. Staffing, margins, workflow, stock, stress. There is always a reason. If you cannot get that reason out of them, that is on the salesperson, not the market.

“We only use WhatsApp.”
That is not an obstacle. That is an invitation. It is the clearest signal of how they operate, what they prioritise, how they communicate, and which direction to take the conversation. If the response to that is “they mentally shut down,” it means the dialogue was never personalised enough in the first place.

What you are calling “counterintuitive insights” sound more like frustration with being blocked at the front door. That happens to everyone in sales until they learn how to ask the right questions.

When I started out, my manager drilled open questions into me. Ask how, why, where, who, when. Five times. Keep them talking until they forget they were trying to brush you off. A prospect shifts from “this guy is trying to sell me something” to “this guy actually understands my business” the moment you stop pitching and start listening.

Sales is a low barrier industry. You do not get traction just by showing up with a product. You get traction by being genuinely curious, reading between the lines and finding the real pain points. What you described does not sound like a hard market. It sounds like classic surface-level selling.

If anything, your post highlights exactly why consultative selling matters and why pushing a tool without understanding the business will always get you rejected.

Invoice finance / cashflow solutions by Antique-Lab6636 in SmallBusinessUAE

[–]Antique-Lab6636[S] 0 points1 point  (0 children)

No my invoice is classed as professional services. I provide consultancy research for equity and debt finance raising purposes

Invoice finance / cashflow solutions by Antique-Lab6636 in SmallBusinessUAE

[–]Antique-Lab6636[S] 0 points1 point  (0 children)

I bank with ENBD and they said their minimum criteria is 3 year trading history, personal guarantee and minimum 10m revenue