just came across your TH-cam channel, having just came back from Toronto last week after 2 month stay, overall the cost of living in Toronto is fine now...its not like Dubai is a cheap place to live as well, at the end of the day, it all depends on the person financial situation & how a person lives...I've been here in UAE for long time, so definitely considering of making the move to Canada
Eating out is very expensive in Toronto. For example. GTA prices Shawarma $.7.99 Coke .$1.50 Popeyes average meal with drink $12.99 Pakistani food $12.99 Like Nihari dish Biryani chicken $7.99 Average monthly grocery food bill for 5 adults is minimum $1200 to $1500
Thank you bro for this informative session. I am thinking of moving from Canada to UAE, and this video really helped me. Considering the points you both discussed, I think it is wise to move to uae
How to calculate intrinsic value of a rental property(not market value) (Average Annual Rent minus Service charges Annualy) multiplied by 10 Example:- 1BHK apartment Average annual rent: 35,000 Service charges: 10,000 Intrinsic value of the property: (35,000-10,000)×10=2.5lacs Market value may be 7.5lacs, 3 times the intrinsic value of the property Note: It's average annual rent of that area for a similar property, not peak annual rent. Also you need to adjust the property price if it's an older property. Apartment prices usually follow Bell Shaped graph in Prices to Duration curve, where as Villas, Townhouses usually follow a positive linear line which is closer to x-axis line in the graph, but depends on the initial purchase price of the property
Really awesome podcast Wali bhai. I love your channel and the level of details you share. JazakAllah. I am from Lahore but have been living in Sweden for 14 years with my wife and two kids. Recently I got job in Dubai as Electrical Engineer and will move in April 2023. This podcast is really timely for me 👍🤝. I would really love to meet you once I come to Dubai. Ap famous banday hain pata nai milain k na milain 😉. Anyways, I am big fan of your content. Keep up the good work.
Assalamualaikum,I am from India, get stake mein paise kaise bheje,kya Indian currency bank through bhejne se automatic convert ho jayege dirham mein.what is the procedure pls do let know.jajjakallaha khair
One landlord bought 1bhk flat for 7.5lacs on home loan of 25yrs for two things, rental income and capital appreciation Let's see the maths! Made down payment of 1.5lacs along with 40,000 extra costs. Total 1.9lacs EMI of 3500 and Service charges and maintainence of apartment 1000 per month Rent per month in years:- 2019=4000 2020=4000 2021=2000 2022=2300 2023=2800 Property bought for 7.5lacs is now worth 4lacs due to price correction (which is still costly as it must be below 10 times of average annual rent, not peak rent) Conclusion:- Stuck with property with monthly loss of 2000 and loss of capital of 30-40% adjusted to inflation
1 - Real estate is cyclical 2 - When there is upside momentum, everyone thinks they are super genius, things go south as soon as bust cycle starts. 3 - Leverage is the actual killer when someone THINKS they can afford certain leverage. I made a video on this particular topic before: th-cam.com/video/c9NdUBBV_ZI/w-d-xo.html
just came across your TH-cam channel, having just came back from Toronto last week after 2 month stay, overall the cost of living in Toronto is fine now...its not like Dubai is a cheap place to live as well, at the end of the day, it all depends on the person financial situation & how a person lives...I've been here in UAE for long time, so definitely considering of making the move to Canada
Eating out is very expensive in Toronto.
For example. GTA prices
Shawarma $.7.99
Coke .$1.50
Popeyes average meal with drink $12.99
Pakistani food $12.99
Like Nihari dish
Biryani chicken $7.99
Average monthly grocery food bill for 5 adults is minimum $1200 to $1500
Thank you bro for this informative session. I am thinking of moving from Canada to UAE, and this video really helped me.
Considering the points you both discussed, I think it is wise to move to uae
Well done Superb ! I watched full podcast... however, if you can make 10 mins clip of comparison using graphs and bad charts would be well appreciated
1st video that covered the comparison of both region fully and logically
Canada= Shit hole
Wali bhai Please make 1 More updated video on this topic
How to calculate intrinsic value of a rental property(not market value)
(Average Annual Rent minus Service charges Annualy) multiplied by 10
Example:-
1BHK apartment
Average annual rent: 35,000
Service charges: 10,000
Intrinsic value of the property: (35,000-10,000)×10=2.5lacs
Market value may be 7.5lacs, 3 times the intrinsic value of the property
Note: It's average annual rent of that area for a similar property, not peak annual rent. Also you need to adjust the property price if it's an older property. Apartment prices usually follow Bell Shaped graph in Prices to Duration curve, where as Villas, Townhouses usually follow a positive linear line which is closer to x-axis line in the graph, but depends on the initial purchase price of the property
Need updated version of living in UAE, please
your work is helpful for us, keep going.
Really awesome podcast Wali bhai. I love your channel and the level of details you share. JazakAllah. I am from Lahore but have been living in Sweden for 14 years with my wife and two kids. Recently I got job in Dubai as Electrical Engineer and will move in April 2023. This podcast is really timely for me 👍🤝. I would really love to meet you once I come to Dubai. Ap famous banday hain pata nai milain k na milain 😉. Anyways, I am big fan of your content. Keep up the good work.
Thanks a lot for the kind words and I am happy that the conversation helped you in your decision making process :)
Assalamualaikum,I am from India, get stake mein paise kaise bheje,kya Indian currency bank through bhejne se automatic convert ho jayege dirham mein.what is the procedure pls do let know.jajjakallaha khair
The name of that school is North london collegiate school... :)
One landlord bought 1bhk flat for 7.5lacs on home loan of 25yrs for two things, rental income and capital appreciation
Let's see the maths!
Made down payment of 1.5lacs along with 40,000 extra costs. Total 1.9lacs
EMI of 3500 and Service charges and maintainence of apartment 1000 per month
Rent per month in years:-
2019=4000
2020=4000
2021=2000
2022=2300
2023=2800
Property bought for 7.5lacs is now worth 4lacs due to price correction (which is still costly as it must be below 10 times of average annual rent, not peak rent)
Conclusion:-
Stuck with property with monthly loss of 2000 and loss of capital of 30-40% adjusted to inflation
1 - Real estate is cyclical
2 - When there is upside momentum, everyone thinks they are super genius, things go south as soon as bust cycle starts.
3 - Leverage is the actual killer when someone THINKS they can afford certain leverage.
I made a video on this particular topic before: th-cam.com/video/c9NdUBBV_ZI/w-d-xo.html
i find dubai much better
Its about perspective and personal situation.
Wali bhai too biased towards uae🙂
hahaha - not really :-)
He is not biased. I have lived in both countries and I can testify each and every word is correct! Uae is better any day!