Quote:
Originally Posted by Roshan
Certainly not. I feel Dubai would never below Dhs 800 psf. My guess is Dhs 1,000 to 1,200 would be an acceptable price in the future in the event of a correction.
I bought my investments at Dhs 700 to 850 and I know for sure I cannot go wrong whatever happens. I confidently say that even if the market corrects by 50% I will make money in terms of rent.
Regards
Roshan
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I have an optimistic view on this. Although I agree that AED 1000 to 1200 is a realistic price, I feel that Dubai will continue to appreciate in the long run. The government is delivering everything that it promised and this coupled with very strong marketing, and the fact that many new attractions like Dubailand are still to be developed, demand will continue to grow, though not at the rate that we have seen in last 4 years. There may be some price correction but I don't ever see the prices going south beyond the 50% mark. If it does, my cash is ready !
Assuming that there is 20% - 30% capital growth/appreciation p.a what sort of percentage rental return (on market value as opposed to purchase price) should one expect on residential units between now and next 24 months in desert areas like DSC, JV ?