Dubai chapter of the forum

[NAZ_2_NAZ]

Originally Posted by attif

ok, you mean- hear is a floor, 10,000 sq ft, everyone throws in their money and that floor is then owned by whoever put thier money in? is that right?

the only issue with that is what safeguards are there in place to protect your money? are your details also put down on the papers?

To safeguard the money you can either put everyones name down on the contract or what we do is form offsore companies for each investment, with people allocated shares certificates, the company buys, the company sells, and distributes profit according to investment just like any other business. Check out Knightsbridge Investment Fund. We can create alliances with people everywhere from this forum and form a strong partnership. The aim now should not be to to flip, everyone is trying it, it is getting late for this, leveraging yourself now could be a nasty mistake. Lets buy cash floors/ buildings at half the market rate i.e instead of 2000 AEDsqft, 1000 AED psqft. Guaranteed to make money, but need a lot of cash. Even if people are willing to invest £10K - £20K lets do it. We have the contacts and know how on execution of this. PM me

[Roshan]

Originally Posted by NAZ_2_NAZ

The only problem with buying individually as oppossed to one entity is that some people want this part of the floor, other people want another part and it causes problems, i have first hand experience of this. The syndicate should should invest as one entity and get that entity to grow.

I think Roshans point about getting together is good, if it doesnt work, oh well, atleast we made a lot of friends and contacts in the market. I am UK based and have put together a few syndicates of this type, if any one is interested please PM me.

Naz

It will be on first come first served basis, like how when we go to a developer, same rules apply.

The members of the syndicate are free to take their own decisons and invest as one enitity. However with no legal implications on the members of the syndicate who have not invested.

When one invests with a particular group within the syndicate ( obviously all will not be on the same frequency ) then they will be doing so at their own free will and risk. Nobody gives any money to any other member. If he does so, it's at his own risk.

Regards

Roshan

[Roshan]

Originally Posted by attif

ok, you mean- hear is a floor, 10,000 sq ft, everyone throws in their money and that floor is then owned by whoever put thier money in? is that right?

the only issue with that is what safeguards are there in place to protect your money? are your details also put down on the papers?

Each investor has his own individual investment on that floor. However in the eyes of the developer it will be the sale of a full floor. The investors will negotiate a better price considering that the full floor will be sold.

Each investor gets a contract in his name. The investor walks away with a contract in his name and the developer walks with the sale of the full floor. A win-win situation for both.

Regards

Roshan

[attif]

hi roshan,

sorry i should have been more specific i was pointing that question to Naz, who has informed us that also does a similar thing and suggested it done as one entitiy.

My question was if it is done in one entity then who has the funds and how are those funds safe...

Attif

[NAZ_2_NAZ]

I hope i have answered your questions Attif.

We are trying to join groups of syndicates and network with like minded investors, together it is possible to acheive a lot more ground. So its very worthwhile people in Dubai to meet with Roshan, anyone in UK interested can contact me.

Naz

[Saleem]

Hi to you all,

Creating a syndicate to purchase as one entity sounds very feaible but we will have to ensure we all understand and abide by any rules in transactions/dealings, otherwise the group can come apart.

Also being in the UK means we are not at the sharp end of this business so will be relying on syndicate members wih the knowledge and contacts in Dubai.

I will be visiting Dubai next week on holiday for six days so will be keen to meet with you Roshan as you seen to have a great deal of knowledge about this market (sorry I don't mean to offend anybody else by this comment).

If you are available to meet please will you email on Saleem at Naeem dot org dot uk

[attif]

my question would be with any syndicate what would be the intention of any parties purchasing withing this syndicate, what i mean, would it be buy to hold? make all payments and keep, buy to sell (flip). I am also very keen on joining some kind of syndicate as the concept makes sense.

[NAZ_2_NAZ]

Originally Posted by Saleem

Hi to you all,

Creating a syndicate to purchase as one entity sounds very feaible but we will have to ensure we all understand and abide by any rules in transactions/dealings, otherwise the group can come apart.

Also being in the UK means we are not at the sharp end of this business so will be relying on syndicate members wih the knowledge and contacts in Dubai.

I will be visiting Dubai next week on holiday for six days so will be keen to meet with you Roshan as you seen to have a great deal of knowledge about this market (sorry I don't mean to offend anybody else by this comment).

If you are available to meet please will you email on Saleem at Naeem dot org dot uk

Lol. Dont worry no offence taken. In regards to being in the ground yes it is very important that is why the management of my syndicate include people who are real estate agents based in Dubai and Abu Dhabi and who are Emirati - which is very important, this is how we get access to V.I.P Launches. We handle a few syndicates and it is going well - including a group of HSBC traders.

The reason i see scope to join with others from this forum is growth and expansion.

Each syndicate has to decide its stance and stick to it. Before purchasing the shareholders will have in place a course of action i.e our target is to flip within three months at X %, or buy and hold and make all payments, then sell before completion when the building is up and maximum growth has been reached. It all depends on the risk appetite of the investors, and what financial position each is in.

Naz

[Roshan]

Originally Posted by NAZ_2_NAZ

I hope i have answered your questions Attif.

We are trying to join groups of syndicates and network with like minded investors, together it is possible to acheive a lot more ground. So its very worthwhile people in Dubai to meet with Roshan, anyone in UK interested can contact me.

Naz

To be kept upbreast with the developments, it would be worthwhile to include 1 agent from each developer. We could have agents from all the leading developers to be a part of the community.

They would also form a part of the presentations and since they would be the first to get a whiff of any new developments in their own company, we might stand to benifit on pre launches.

This is not for any personal benifit. This is a entirely a non profit organization where any member does not make money. The benifit passes onto the group of investors.

A development in the world would have been a foregone conclusion for many of us. With investors teaming up, one could think of buying a develpment in the world.

That's the strength of forming a community.

Regards

Roshan

[Roshan]

Originally Posted by Saleem

Hi to you all,

Creating a syndicate to purchase as one entity sounds very feaible but we will have to ensure we all understand and abide by any rules in transactions/dealings, otherwise the group can come apart.

Also being in the UK means we are not at the sharp end of this business so will be relying on syndicate members wih the knowledge and contacts in Dubai.

I will be visiting Dubai next week on holiday for six days so will be keen to meet with you Roshan as you seen to have a great deal of knowledge about this market (sorry I don't mean to offend anybody else by this comment).

If you are available to meet please will you email on Saleem at Naeem dot org dot uk

It will be a pleasure to meet you. I will pm my contact details.

I am not an expert, I am learning everyday

Regards

Roshan