Quote:
Originally Posted by jayne29
Hi there,
As the title says i'm a complete novice who is looking to invest in a property abroad, i have done some research and am thinking of Ras Al Khaimah... I have not completely committed myself to buying in this area, i am open to views and thoughts... (come to the right place then hey?) 
Can anybody give me some advice please? on the area as a whole, or even other areas that are better investments... and also what i need to be thinking about when i buy somewhere, as i said this will be my first property purchase abroad so i know nothing! i may be going it alone, or there may be another person who will be buying it with me, depending on how attractive it sounds to him! between us we will have about 40k to put down, (and 20k if i go it alone) and we're looking to rent it out long term, and obviously make pots of money in the process... 
I know im asking the million dollar question in asking some of the above but i just want to find out what peoples thoughts are, and if this is going to be a good place to purchase property
I have been speaking to a company called Select property too, has anybody had any experience with these?...
Thanks for any help you can give me! its much appreicated 
Jayne |
If it's pots of money, then it should be Dubai, in areas like DSO, Jumairah village, down town J.Ali where prices are building up but not as much as Business bay.
Commercials tend to give better returns than residential. How about a ready property which is bank financed and where your 40K would go in as down payment.
As "Dobuy" put it, you have to do your research. It can be fun researching properties.
RAK is a beautiful place with nice developments on islands. These kind of investments tend to do well as a second home or if the place picks up short term rentals. The feedback on RAK is good but how the place will shape up, no one but GOD knows.
Research is the name of the game. Start today.
Good luck
Roshan