If you were just entering the market now... what would you do?

[samsaf]

Haider,

Thanks a lot for the advice.. I will surely not take too much time to think... Time is money and you're practically losing money if you think too long...

is this rule applicable for all RAK properties? I've found a studio for a mere 650,000 in Al Humira village.. I think there should be more apperication in RAK as the prices are still low..?

Plus, I am a short term investor, I wanna get in and out between 6-9 months with max. proft.

With prices are shotting quite high in Dubai, will it be a good place to start from?

[asif08]

have you had a look at la hoya bay or pacific?

they're on Al Marjan island RAK....studios in pacific are quite cheap... not the best of views on wats left, but you can buy direct from the developer. Select Property..

check it out ...let me know what you think

[haider_dubai]

Hi dear , in al hamrah village I bought a town house for 1.2 M and sell it for 1 .65 after one year , I only paid 30% , this mean I almost double my money, however it took me 6 months to sell it. The problem with RAK is property traders are not in the market, so one needs to find a real buyer, and they are normally Germans and Russians.

The decision is your, I may had a bad experience you may be lucky.

[Sally1980]

Originally Posted by samsaf

To all the Gurus who are already in the Property market.. this one is for you:

If you had to do it all over again... starting today.. and you only have 300,000 DH in the back... were would you buy your first property now???

(as you might have guessed... I am that person..

But since this would by my first investment.. .I don't wanna invest in the wrong place.... I was thinking of a studio at Bab-Al-Bader in RAK... I am thinking that would be like investing in the Palm 3 years ago... But then again... will i be able to flip it quickly?? I hate to be stuck with a property that I cannot sell !

Or should I buy in Dubai? With all those big investers around me... will I be having a chance within those big giants?? Emmar and Nakheel...? They are too big for me!

That do you think??

Hi,

I love this website, all the knowledge and expertise you can gain from the tips here in 2 days, would never have been possible without it. I wish I had discovered it first time I invested in Dubai.

I can find myself in many advices given, out of personal experience (except the mortgage). Mortgage can be effective for long term investment, but the hottest deals don't allow you to wait for the (pre-)approval from the bank until your mortgage is ready... especially for short term investment you don't want to go through all the hassle. I agree with Proper Property, that a good location, good developer and good paymentplan are very important in investing in an off-plan property. I would like to add good price and finance availability. I will explain each shortly:


Location: since you want to be somewhere that is attractive for most people to live/invest and in demand for when you want to sell. I always say investors see only in Blue and Green. Blue for See, canal or lake and Green for park, lawns or golf courses.

Paymentplan: is especially important for the leverage as Kenny explained. When the payment plan allows you to start off with 5%, every 1% increase in your selling price = 20% profit. This effect takes off when the payments are heavier.

Good developer: so your off-plan property actually turns into a "real property" within a decent timeframe and quality.

Price: You should always compare the price to the market price for the properties in that location, both when buying direct from developer and in re-sale. Good example is Badrah, which was way cheaper than other properties in Dubai Waterfront and even Downtown Jebel Ali at the time of launch of phase one.

Finance availability: is important, perhaps not for you, but for your buyer when you are looking to sell. When your property has finance, it is accessible for a wider public / prospective buyers increasing your chance to sell.


In general Nakheel projects, If you can get hold of them @ launch, offer good returns. But they are not the only one, Smaller developers like Fakhruddin, Deyaar and Rufi have also shown good returns to investors in the past. Regarding specific opportunities, I think Badrah has had it's Climax. With prices now around 1600/sqft. and premiums up to 20%, it is not that cheap and attractive anymore. RAK, is a place I really look up to, and believe will give good returns, but in a longer term. It is yet not so Hot as Dubai, so selling there in short term, with less players in the field is more difficult, I believe.

A studio in Remraam, Dubailand (around 700.000 AED ) if you find with a good price/sqft. and low premium, I think would be a good investment for you. Especially with your budget of 300.000 AED, you could buy one in phase 3, pay 2 instalments and keep till begin 2009 and sell with at least 100.000-120.000 profit.


I have also made a small Guide for Property Investment in Dubai that can be useful to u. If you like, you can email me at s.khabireh@gmail.com and I will send it to you.


Good luck with your first time investment...


Sally

[haider_dubai]

Dear Sally,

Your advice are really great and help full, I appreciate it, I will send you an e mail please forward me your guide

Haider

[uzair]

Heloo everyone!
I have finally decided to jump on board with Dubai. I have AED 300,000 and want to invest in to dubai and possibly get out in 6 months time. If you were in my shoes what would you do. I am completly lost and confused. Sports City seems good but pre-launches have shot through the roof. Where to go if i follow the simple rule of good payment plans, great location and reputable developer??

Please Help

Uzair
contact me at mzavary on hotmail com

[uzair]

"Hi,

I love this website, all the knowledge and expertise you can gain from the tips here in 2 days, would never have been possible without it. I wish I had discovered it first time I invested in Dubai.

I can find myself in many advices given, out of personal experience (except the mortgage). Mortgage can be effective for long term investment, but the hottest deals don't allow you to wait for the (pre-)approval from the bank until your mortgage is ready... especially for short term investment you don't want to go through all the hassle. I agree with Proper Property, that a good location, good developer and good paymentplan are very important in investing in an off-plan property. I would like to add good price and finance availability. I will explain each shortly:


Location: since you want to be somewhere that is attractive for most people to live/invest and in demand for when you want to sell. I always say investors see only in Blue and Green. Blue for See, canal or lake and Green for park, lawns or golf courses.

Paymentplan: is especially important for the leverage as Kenny explained. When the payment plan allows you to start off with 5%, every 1% increase in your selling price = 20% profit. This effect takes off when the payments are heavier.

Good developer: so your off-plan property actually turns into a "real property" within a decent timeframe and quality.

Price: You should always compare the price to the market price for the properties in that location, both when buying direct from developer and in re-sale. Good example is Badrah, which was way cheaper than other properties in Dubai Waterfront and even Downtown Jebel Ali at the time of launch of phase one.

Finance availability: is important, perhaps not for you, but for your buyer when you are looking to sell. When your property has finance, it is accessible for a wider public / prospective buyers increasing your chance to sell.


In general Nakheel projects, If you can get hold of them @ launch, offer good returns. But they are not the only one, Smaller developers like Fakhruddin, Deyaar and Rufi have also shown good returns to investors in the past. Regarding specific opportunities, I think Badrah has had it's Climax. With prices now around 1600/sqft. and premiums up to 20%, it is not that cheap and attractive anymore. RAK, is a place I really look up to, and believe will give good returns, but in a longer term. It is yet not so Hot as Dubai, so selling there in short term, with less players in the field is more difficult, I believe.

A studio in Remraam, Dubailand (around 700.000 AED ) if you find with a good price/sqft. and low premium, I think would be a good investment for you. Especially with your budget of 300.000 AED, you could buy one in phase 3, pay 2 instalments and keep till begin 2009 and sell with at least 100.000-120.000 profit.


I have also made a small Guide for Property Investment in Dubai that can be useful to u. If you like, you can email me at and I will send it to you.


Good luck with your first time investment...


Sally"


Dear Sally,
Could please provide me with more information on Remraam and your guide.

Thanks
Uzair

[AAPROP]

Originally Posted by uzair

"Hi,

I love this website, all the knowledge and expertise you can gain from the tips here in 2 days, would never have been possible without it. I wish I had discovered it first time I invested in Dubai.

I can find myself in many advices given, out of personal experience (except the mortgage). Mortgage can be effective for long term investment, but the hottest deals don't allow you to wait for the (pre-)approval from the bank until your mortgage is ready... especially for short term investment you don't want to go through all the hassle. I agree with Proper Property, that a good location, good developer and good paymentplan are very important in investing in an off-plan property. I would like to add good price and finance availability. I will explain each shortly:


Location: since you want to be somewhere that is attractive for most people to live/invest and in demand for when you want to sell. I always say investors see only in Blue and Green. Blue for See, canal or lake and Green for park, lawns or golf courses.

Paymentplan: is especially important for the leverage as Kenny explained. When the payment plan allows you to start off with 5%, every 1% increase in your selling price = 20% profit. This effect takes off when the payments are heavier.

Good developer: so your off-plan property actually turns into a "real property" within a decent timeframe and quality.

Price: You should always compare the price to the market price for the properties in that location, both when buying direct from developer and in re-sale. Good example is Badrah, which was way cheaper than other properties in Dubai Waterfront and even Downtown Jebel Ali at the time of launch of phase one.

Finance availability: is important, perhaps not for you, but for your buyer when you are looking to sell. When your property has finance, it is accessible for a wider public / prospective buyers increasing your chance to sell.


In general Nakheel projects, If you can get hold of them @ launch, offer good returns. But they are not the only one, Smaller developers like Fakhruddin, Deyaar and Rufi have also shown good returns to investors in the past. Regarding specific opportunities, I think Badrah has had it's Climax. With prices now around 1600/sqft. and premiums up to 20%, it is not that cheap and attractive anymore. RAK, is a place I really look up to, and believe will give good returns, but in a longer term. It is yet not so Hot as Dubai, so selling there in short term, with less players in the field is more difficult, I believe.

A studio in Remraam, Dubailand (around 700.000 AED ) if you find with a good price/sqft. and low premium, I think would be a good investment for you. Especially with your budget of 300.000 AED, you could buy one in phase 3, pay 2 instalments and keep till begin 2009 and sell with at least 100.000-120.000 profit.


I have also made a small Guide for Property Investment in Dubai that can be useful to u. If you like, you can email me at and I will send it to you.


Good luck with your first time investment...


Sally"


Dear Sally,
Could please provide me with more information on Remraam and your guide.

Thanks
Uzair

hi there,

plz share your expertise and knowledge as I am also interested in Remram and would like to read through your guide. Appreciate it if you can email me at waqarahmadi@gmail.com. Thanks.

[Demoniise]

Hi THEENDORPHIN I would b interested in ur studio @ 850 sq foot. If interested contact me

[uzair]

Hi TheEndorphin!
I am also interested in your studios. Email me at mzavary@hotmail.com with details of what you have.

Thanks,

Uzair