Property is often the single largest thing a person owns, and it is usually the first thing left out of any real net worth conversation, because no bank statement shows it, the mortgage is in a different currency, and the rent might be collected by someone else entirely. NetWorth+ counts all three parts properly.
What a property adds
Three moving parts
In short
NetWorth+ is a free Android app that counts property in another country as part of one real net worth figure rather than leaving it out because it does not fit neatly into a bank-linked app. The property is held as an asset at whatever value you believe it is worth. Any mortgage or loan against it is held as a liability, in the currency it is actually owed in rather than converted once and forgotten. Rental income, if the property is let out, is recorded in its own currency and folds into your total at the rate on the day it is reported to you. None of this requires a bank login on either the property loan or any account connected to it.
Property value
An asset, updated on your schedule
Mortgage
A liability, in its real currency
Rental income
Counted like any other income
Bank login
Never required, on either loan
The problem
Nothing about owning property abroad shows up in the accounts you check every day.
A flat back home, or a second property here that you do not live in, does not appear in any UAE bank statement. The mortgage against it, if there is one, sits with a different bank in a different currency entirely. If it is rented out, the rent might be collected by a relative or an agent and passed on a few times a year rather than landing in an account you watch.
The result is that people who own real, often significant property routinely leave it out of any honest answer to what they are actually worth, not because it does not count, but because nothing ever added it up for them.
How it handles it
Held at whatever value you are comfortable with: purchase price, a recent appraisal, or your own honest estimate. Revalue it whenever you have a reason to.
The outstanding balance, in the currency the loan is actually in, reduces your net worth honestly rather than being left out because it is far away.
If a flat earns rent in rupees or riyals, that income is recorded in that currency and folds into your total at the day's rate, not force-converted at collection.
The mortgage, the property and your UAE accounts all belong to the same total, the same as any other asset and liability would.
In practice
Priced at your honest estimate. A reasonable number you actually maintain is worth more than a precise one you never update.
In the currency you actually owe it in, not converted once and left stale. Update the balance as it pays down.
As its own account or income line, in its own currency, recorded whenever it is actually reported to you.
Once or twice a year is enough. The goal is a number you keep honest, not one you obsess over.
Reference
| What gets missed | Why it matters | Where it goes in NetWorth+ |
|---|---|---|
| A flat or plot bought years ago | Often the largest single asset a person holds, and rarely tracked anywhere | A property asset, valued at your estimate |
| A home loan in your name or a family member's | Still a real liability against your position | A liability, in the currency it is actually owed in |
| Rent collected by a parent or an agent | Still your income, just arriving somewhere else first | Recorded in its own currency, whenever it reaches you |
| Property tax, maintenance or society charges | Small recurring costs that quietly reduce the real return | Scheduled or logged expenses against the property |
| A second UAE property you do not live in | Same blind spot, different country | The same treatment: asset, any mortgage, and any rent |
This is a way to organise your own record, not tax, inheritance or investment advice. What the property is legally worth to you is a question for a professional.
NetWorth+ does not fetch live property valuations, does not calculate rental yield or return on investment automatically, and gives no legal or tax advice about property ownership, inheritance or capital gains. It is a private ledger, not a valuation service or an adviser.
Where this applies
The property might be in India, Pakistan, the Philippines, the UK or a second one here in the UAE. The currency and the paperwork differ; the treatment does not, an asset, any loan against it, and any rent it produces, all counted honestly.
NetWorth+ also covers India, Singapore, Malaysia, the Philippines, Thailand, Vietnam, the United Kingdom and the United States. Currency handling is not limited to the list above: three-decimal dinars and zero-decimal currencies are treated correctly rather than being forced into two decimal places.
Questions
Keep reading
If the property sits alongside an NRE account, gold and a UAE salary, this covers the whole picture.
Read moreFor the transfers that fund the mortgage or come back as rent.
Read moreRupee alerts and grouping, if the property is there.
Read moreWhy the rate is frozen on the day, in more depth.
Read moreDeposits and recoverable costs, if the UAE side is also brand new.
Read moreA rough net worth figure in the browser, before you install anything.
Read moreValue it honestly, track the loan against it, and let the rent count too.
Android. No bank login. No ads. Message reading is optional and off until you switch it on.