[mpat]

Originally Posted by Safrica

Hi
I am new to the Dubai property market, Am i still getting in at the right time?
I need some understanding on this market
I am looking at investing in Dubai

1st year payments invesment $100 000 to $250 000
My concerns are
Example: Ocean Heights resale from aed 1400 per sqf, from damac today around aed 2500
I would like to get into a investment on pre launch or buy a distress sale at decent value.

Would it make sense to spend $250000 buying something outright or
using it on a distress sale and carry on payments or going into a prelaunch and buying big.

If any private buyers are looking at selling there property purchased on pre launch and looking for a decent profit should contact me

Is there any good pre-launch propertys by reputable agents coming up,

My other concern is that if you find a property from a private person or a unknown agent where can this money be safely transfered .

Normally in other countries this money is first transfered to a attorneys trust account and after the sale it is transferred to the seller.

Please advise

ialaher@freeway.co.za

Hi

If you have around 150 k $ ready to put in, just look for something which will be near to ready so that you can expect positive return cash flow thru renting or resale. If you go for pre launch and all , it will hold up your money for long and will not be that easy to re sell since it would not have gone in to building phase.Of course in pre launch you are looking at more return over a period of time.