Investment

[asdf1]

Hello everyone! Hope your all well.
Looking to invest in DUbai at this moment. Can any one share their experience?
Is it a hasle, is it worth it? which builders are recommended? what are the typical problems? is mortage hard to obtain overthere?
any info will be greatly appreaciated.

 

[Fran]

Private e-mails saying that RE prices are going down : Dubai Chronicle

 

[Sally1980]

Hello everyone! Hope your all well.
Looking to invest in DUbai at this moment. Can any one share their experience?
Is it a hasle, is it worth it? which builders are recommended? what are the typical problems? is mortage hard to obtain overthere?
any info will be greatly appreaciated.

See perhaps the following thread that is about the same topic:

http://www.totallyproperty.com/dubai-property/8954-if-you-were-just-entering-market-now-what-would-you-do.html

 

[acassim]

I would suggest looking at properties running along the metro rail. There will always be a demand for those that are close to public transport. Study the areas that look interesting and focus on that. There are launches almost every day in specific areas like Dubai Land, Sports City, JVS. Watch out if you want to re-sell on those as the launch prices look more attractive to potential investors so they would rather go for those than a property that carries a premium, agency fees, transfer costs etc. On the other hand, if you plan on taking something that is already under construction, you will pay the premium but at least you know that your money is not stuck in a hole in the ground!

Go for big developers that are financed by most banks - Emaar, Nakheel, Dubai Properties, Tatweer as you would get a buyer very quickly on those. The market is moving towards end users right now as there are not that many people walking around with over 2 million in their back pockets.

 

[asdf1]

Thx for the info...