moving to Dubai?

[OrangeClub]

I am currently residing in Toronto, Canada. I am looking to purchase property in Dubai. Here is the help I need (please):
(1) What is the best location to purchase a 2 bedroom complex... we are looking to save some money... should we purchase in Dubai, or the out-skirts of Dubai or look for a property in Sharjah. We do have a limited budget.

(2) which location will give us the best return in-case we want to sell the property in one year or so.

I've been reading alot in these forums, and it seems like the current developers are behind schedule. Can anyone recommend some websites that rank developers ( I have been unsuccessful in sourcing this info).

[Go West]

There are few good places to invest in Dubai or surrounds.
where is the right place for you to buy is all depends on personal choice and mainly your Budget.
Unfortunately I don't know of any website which ranks the different developers, although if unsure stick with the main big ones.
Yours
Erez

[farooki]

Originally Posted by OrangeClub

I am currently residing in Toronto, Canada. I am looking to purchase property in Dubai. Here is the help I need (please):
(1) What is the best location to purchase a 2 bedroom complex... we are looking to save some money... should we purchase in Dubai, or the out-skirts of Dubai or look for a property in Sharjah. We do have a limited budget.

(2) which location will give us the best return in-case we want to sell the property in one year or so.

I've been reading alot in these forums, and it seems like the current developers are behind schedule. Can anyone recommend some websites that rank developers ( I have been unsuccessful in sourcing this info).

For starters I would recommend you need a place to live in. The best option I would suggest is you first buy a reasonable place and the money which is left you invest. The cheapest ready place you can buy nearest to Dubai is International City. A studio will cost you in the range of 415000 to 425000 AED.

A one bed will cost you 615000 AED to 625000 AED. Recently they have announced a 2 bed room G+4 buildings. Completition in 2 years. I have 3 two bed rooms which I can sell. The project is called Prime Residency at International City.

Following units have been booked by me and are offered to you subject to availability @ 2% premium. Please let me if you have any interest.

PAYMENT PLAN

10% NOW

10% EVERY 3 MONTHS TILL 70% IS PAID

30% ON COMPLETION

All payments shall go to the Developer's Escrow account.
Each unit comes with a Parking.


Apt # Apartment Type View Apartment Area Balcony Service Area Total Area in SQM Total Area in SFT Price / SFT on Total Area Price for Apartment Booking 10% Premium 2%

202 Two B/r Building View 86.79 3.80 18.19 108.78 1,170.89 715.00 837,000.00 83,700.00 16,740.00
204 One B/r Building View 58.15 3.60 12.40 74.15 798.14 725.00 579,000.00 57,900.00 11,580.00
206 One B/r Building View 58.23 3.60 12.42 74.25 799.22 735.00 587,000.00 58,700.00 11,740.00
208 One B/r Building View 55.43 6.68 12.47 74.58 802.77 735.00 590,000.00 59,000.00 11,800.00
210 One B/r Road View 56.88 3.45 12.11 72.44 779.73 735.00 573,000.00 57,300.00 11,460.00
212 One B/r Road View 58.14 3.60 12.40 74.14 798.03 735.00 587,000.00 58,700.00 11,740.00
214 One B/r Road View 58.14 3.60 12.40 74.14 798.03 725.00 579,000.00 57,900.00 11,580.00
216 Two B/r Road View 85.90 3.80 18.01 107.71 1,159.38 735.00 852,000.00 85,200.00 17,040.00
218 Two B/r Road View 87.35 7.20 18.99 113.54 1,222.13 725.00 886,000.00 88,600.00 17,720.00
220 Two B/r Road View + corner 95.83 4.88 20.22 120.93 1,301.67 735.00 957,000.00 95,700.00 19,140.00
222 One B/r Internal View 58.15 3.60 12.40 74.15 798.14 715.00 571,000.00 57,100.00 11,420.00
224 One B/r Internal View 62.19 3.60 13.21 79.00 850.35 715.00 608,000.00 60,800.00 12,160.00
226 One B/r Internal View 57.48 3.21 12.19 72.88 784.47 715.00 561,000.00 56,100.00 11,220.00
228 One B/r Internal View 68.57 11.65 16.11 96.33 1,036.88 715.00 741,000.00 74,100.00 14,820.00
230 One B/r Internal View 58.16 3.60 12.40 74.16 798.25 715.00 571,000.00 57,100.00 11,420.00
232 One B/r Internal View 57.84 3.31 12.28 73.43 790.39 715.00 565,000.00 56,500.00 11,300.00
234 One B/r Internal View 57.34 0.00 11.51 68.85 741.09 715.00 530,000.00 53,000.00 10,600.00
236 One B/r Internal View 58.80 3.28 12.47 74.55 802.45 715.00 574,000.00 57,400.00 11,480.00
238 Two B/r Road View + corner 90.19 3.66 18.85 112.70 1,213.09 735.00 893,000.00 89,300.00 17,860.00
240 Two B/r Road View 86.85 3.70 18.18 108.73 1,170.36 735.00 860,000.00 86,000.00 17,200.00

If you need any further information you may contact me,

Regards,

Shiraz Farooki
+971503958850
shiraz at ecko dot com.pk

[farooki]

I have an excellent thing to offer you. The project is of one bed rooms.

This projects has only 1 B/R. Only One Beds available (3-4 units left.) The payment plan is excellent.
Developer: Gulf General Investment Cooperation.
Area Balcony Total Area Total Price View
2A209 1 Bedroom 812 74 886 890,078 Road

Possession: 21 December 2008

What you have to pay up front

10% of Original Price + Premium 13% for road view
Or
10% of Original Price + Premium 15% for Pool view.

Then

10% installment in 25th June 2008.

Then you dont pay anything.

Upon Completion December 2008 you pay 42,135 AED

Finally you pay 10,000 AED monthly over a period of 6 years.


Payment Plan in detail.

Paid 10% 89,007.80
Jun-08 10% 89,007.80
On Completion(21 Dec 2008) AED 42,135 incl. parking


After Completion payment in 6 years [ 72 monthly payments ] AED 9,999/per month

Total to pay now 10% 89,007.80
Premium 13% 122,210.14
Transfer 2% 18,801.56
Total Amount to PAY 230,019.50

Keep in mind we have only 3 - 4 units left.

Note - The construction for this building has started and 2 floors have been built so by the completion of it, at
least you can expect increase of 20% in prices, as per according to the trend of freehold property in Dubai.

If you need any further information feel free to contact me.

Regards,

Shiraz Farooki
+971503958850
shiraz at ecko dot com.pk

[Roshan]

Originally Posted by OrangeClub

I am currently residing in Toronto, Canada. I am looking to purchase property in Dubai. Here is the help I need (please):
(1) What is the best location to purchase a 2 bedroom complex... we are looking to save some money... should we purchase in Dubai, or the out-skirts of Dubai or look for a property in Sharjah. We do have a limited budget.

(2) which location will give us the best return in-case we want to sell the property in one year or so.

I've been reading alot in these forums, and it seems like the current developers are behind schedule. Can anyone recommend some websites that rank developers ( I have been unsuccessful in sourcing this info).

Hello there.

The first step is to know how much money you have to invest. Based on that you have decide whether you can invest in Dubai or the out skirts. RAK, UAQ & Ajman have some developments but no many opportunities to flip.

Sharajh does not have any developments as such and is not recommended as there is hardly any freehold activity.

Please mote that flipping is a gamble and not investment. You put in money hoping that the price will go up and if doesn't you are left paying the installments. As the payments progress, flipping becomes even more difficult.

My recommendation is to invest in a good project, see to the end of it and on completion if you want to sell you might find a buyer or you have th option to rent. Try and use leverage ( bank finance ) to get max ROI ( return on investment ).

Regards

Roshan

[OrangeClub]

Originally Posted by Liann Jones

*If you are looking for a finished property (ready-to-move-in) you should speak to DMC Properties Online. They specialize in the UAE market and know everything that goes on. Plus the service is great. I bought a number of properties from them, simply by stating my budget and a region of preference. They organized all of the viewing within a few days. Really cool company, I can certainly recommend it to anyone who wants to buy a flat/house in UAE.

hi,

thanks for your advice. we were trying to find this website but were unsuccessful. do you have the official website name?

[Liann Jones]

you can find dmcpropertiesonline on google