Quote:
Originally Posted by Prop Guru
History shows that Dubai has always done better than Abu Dhabi and will continue the trend. Dubai properties will continue to grow higher and difficult to afford for the small investors. Abu Dhabi will continue to follow the path of Dubai and returns will be as good however more affordable than Dubai.
At present I believe Abu Dhabi is trying to catch-up with the Dubai market, hence giving it a great potential for growth. Dubai will continue to lead and grow.
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You are right when you say Dubai has done better than Abudhabi.
Somehow I feel that Abudhabi starting prices on developments are high and not easy to digest. Investors are jumping over one another to buy.
Flipping would be the name of the game for Abudhabi, considering that the payment plans like 30-70 or in some cases 20-80....after which I seriously don't know how Abudhabi properties will perform in the long run.
What do you think of Ajman. I feel that the prices are good, infra structure at the moment poor but it would draw a lot of crowd from Dubai. Ajman is what Dubai was when the freehold properties were launched.
As you rightly said Dubai will become unaffordable in time to come.
PS: Are you from Dubai or outside. If you are a resident of Dubai, we would like you to join the Dubai chapter meetings.
Regards
Roshan