New Investor - What should I buy at Cityscape?

[Safdir]

Thanks.

Which of the smaller developers do you recommend?

[cansaw]

You can work with any developer, as long is they are listed on the RERA website. (The Real Estate Regulatory Agency, Government of Dubai) - this is for investments in Dubai. As from 1 November, this registration is compulsory. You can also check on the website if the developer is registered and if the project is registered. That way your monies will be safe in Dubai. You are welcome to send any other post, if I can be of assistance.

[cansaw]

Also see that you buy from a Broker that is registered with RERA, as the Government now regulates the market and no "freelancers" are allowed to sell property as from November 1. RERA brokers, is trained as to the market conditions and laws of Real Estate in Dubai.

[zoali]

Hi.

There are still good and quick profits to be made, provided investment is made in the right projects. We have with us projects that can still give quick returns and are a safe bet.
Remember, it's true that in todays time not all developements will yield quick returns. But there is no doubting the fact that Dubai is still the place to invest. I can even show proof of profit that we have made for our clients in 3, 6 and 12 month periods.
Get back to me on re [at] iqragroup dot com and I can send some details.

[Roshan]

Originally Posted by Safdir

Hi

I am UK investor considering buying property in Dubai or Abu Dhabi for flipping after 3 to 6 months. Is this still still a viable way of investing?

If there are so many new projects being launched all the time at pre launch straight from the developer why would anyone choose to buy a resale property 3 or 6 months after?

Which projects or developers should I look out for at Cityscape?

Any advice would be appreciated.

Saf

Cityscape is the wrong time to buy. The response to this years Cityscape will seal the fate of property buying in Dubai.

Let's face it no market will go up forever...Dubai or no Dubai. A correction would be good for Dubai.

Flipping days are over as others put it. If you have a backup to sustain the payments and eventually inherit the property if push comes to shove, then try your luck at flipping - but that's difficult, let me tell you.

If I were you and still have the urge to buy, I would wait for months after Cityscape. Buy ready properties and rent out to get immediate relief and hold on for a few years which might get you some appreciation.

Good luck.

Regards

Roshan

[rudeboy]

Originally Posted by Roshan

Cityscape is the wrong time to buy. The response to this years Cityscape will seal the fate of property buying in Dubai.

Let's face it no market will go up forever...Dubai or no Dubai. A correction would be good for Dubai.

Flipping days are over as others put it. If you have a backup to sustain the payments and eventually inherit the property if push comes to shove, then try your luck at flipping - but that's difficult, let me tell you.

If I were you and still have the urge to buy, I would wait for months after Cityscape. Buy ready properties and rent out to get immediate relief and hold on for a few years which might get you some appreciation.

Good luck.

Regards

Roshan

roshan and others i agree what you have been saying. I have already invested in the pacific in RAK and I want to invest in dubai. got this real bad urge

I agree with you that you should buy ready properties but the problem is not everyone has 500,000dhs to pay up front just like that . ppl prefer paying in installments. I dont know about the rest but I certainly do.

Guys and girls where do you think I should invest? I have been offered 475000dhs for a studio in sports city size is 450 sq ft. sports city is next to arabian ranches and next door to the new media city and not that far from jebel ali etc.

I have already invested in 1 bedroom in the international city in CBD. I was able to pick it up for 650,000dhs ready to move into and already it is on rent. rent is approximately 75,000dhs.

If I can get a rent of 75000dhs in a CBD in international city what do you think the rent will be for a studio in sports city?

[passi0nate]

Originally Posted by cansaw

You can work with any developer, as long is they are listed on the RERA website. (The Real Estate Regulatory Agency, Government of Dubai) - this is for investments in Dubai. As from 1 November, this registration is compulsory. You can also check on the website if the developer is registered and if the project is registered. That way your monies will be safe in Dubai. You are welcome to send any other post, if I can be of assistance.

Can u post the website address .. Thanks

[Safdir]

Hi

There are over 750 developers registered!!

http://rpdubai.ae/rpdubai/jsp/templa...=10011&&lang=0

Safdir