Supply, Demand and Market Crash in Dubai

[georgihh]

Supply – reasonable just to cover the demand
Demand – enormous
Market Crash – not possible because
1. A lots of old residential areas are being demolish
2. Financing of the properties is still not at the reasonable rates (currently 8-9% should be 5%)
3. Too much money around town

Prices will go up by another 50%, before stabilize and whoever wants to make 50% in one or two years should buy now, never mind all the speculators who double the money in just a month

[mpat]

Originally Posted by georgihh

Supply – reasonable just to cover the demand
Demand – enormous
Market Crash – not possible because
1. A lots of old residential areas are being demolish
2. Financing of the properties is still not at the reasonable rates (currently 8-9% should be 5%)
3. Too much money around town

Prices will go up by another 50%, before stabilize and whoever wants to make 50% in one or two years should buy now, never mind all the speculators who double the money in just a month

georgihh

I agree , but those people who are speculating and making millions in months will again call it ' market crash ' becos of their profit being squeezed.

bye

[savais]

Originally Posted by georgihh

Supply – reasonable just to cover the demand
Demand – enormous
Market Crash – not possible because
1. A lots of old residential areas are being demolish
2. Financing of the properties is still not at the reasonable rates (currently 8-9% should be 5%)
3. Too much money around town

Prices will go up by another 50%, before stabilize and whoever wants to make 50% in one or two years should buy now, never mind all the speculators who double the money in just a month

Georgihh, what caused you to change your mind? If I remember correctly, you were very sure there was a huge market crash coming and you were telling everyone to wait until the fire sales to buy properties on the cheap. Did you read something that changed your mind? Very happy with this news.

[georgihh]

Originally Posted by savais

Georgihh, what caused you to change your mind? If I remember correctly, you were very sure there was a huge market crash coming and you were telling everyone to wait until the fire sales to buy properties on the cheap. Did you read something that changed your mind? Very happy with this news.

Yes at one stage I was thinking logically and couldn’t realize that the logic doesn’t exist in Dubai.
Now I know that nothing applies to Dubai whatever happens in the world.
Before I didn’t know that so much cash is circulating in Dubai – now I know

[savais]

What properties have you bought in dubai? are you planning on holding till completion? thereafter, renting out or selling?

[georgihh]

Originally Posted by savais

What properties have you bought in dubai? are you planning on holding till completion? thereafter, renting out or selling?

I have bought 2 in IC and one in SO. IC is handed over and SO is almost finished.
Next year I will rent them all out and the investment of 300000$ will generate me 5000$
Per month.
Than I will pack up and go enjoy with my family somewhere else.
I do something else for living but the above rent will give me enough financial security almost everywhere in the world apart from Dubai.

[Yasir]

Have u rented the International City Apartments ??

[georgihh]

Originally Posted by Yasir

Have u rented the International City Apartments ??

Yes one the other one is for me for now

[Yasir]

hmmm .. Okay ..

[Roshan]

Originally Posted by georgihh

I have bought 2 in IC and one in SO. IC is handed over and SO is almost finished.
Next year I will rent them all out and the investment of 300000$ will generate me 5000$
Per month.
Than I will pack up and go enjoy with my family somewhere else.
I do something else for living but the above rent will give me enough financial security almost everywhere in the world apart from Dubai.

Cash flow coming in every month is KING. I believe in the concept of renting out and money coming in every month.

Once you have the financial security, you can stop working and do what you feel like doing.

Good luck with your investments.

Regards

Roshan