Investing in Dubai Commercial property

[Werhop]

Hi Guys,

I am looking at investing in commercial real estate in Dubai, our goal is to acquire the properties and rent these out, we would make use of financing to acquire, and have the tenant's rent go towards the re-payments.

This idea is very new and we are still researching it. i would like it if you guys could give me ideas as to the options available for purchase? What can one buy, we are looking for smaller retail or office properties, maybe around US$140,000 but not limited to that, we could acquire higher prices if need be.

Can you please let me know what regions are the most profitable and best for a venture like above? i know all the new developments, like the world, and waterfront are being worked on (how far until we can buy on these projects?) but would these be worthwhile to wait to get some deals done, and where would one find the off-plan deals on these projects?

thanks
werhop

[sameer.dada]

Werhop-

Based on what you want to do and what yoru appx budget is, I would suggest JLT. (Jumeirah Lake Towers).

You mind find a very small office there for close to USD 170,000.

[Sharjil Lakdawala]

Originally Posted by Werhop

Hi Guys,

I am looking at investing in commercial real estate in Dubai, our goal is to acquire the properties and rent these out, we would make use of financing to acquire, and have the tenant's rent go towards the re-payments.

This idea is very new and we are still researching it. i would like it if you guys could give me ideas as to the options available for purchase? What can one buy, we are looking for smaller retail or office properties, maybe around US$140,000 but not limited to that, we could acquire higher prices if need be.

Can you please let me know what regions are the most profitable and best for a venture like above? i know all the new developments, like the world, and waterfront are being worked on (how far until we can buy on these projects?) but would these be worthwhile to wait to get some deals done, and where would one find the off-plan deals on these projects?

thanks
werhop

Well the budget u quoted is quite less to own a commercial property in dubai but its sufficient for trading in dubai.. u can buy floors or units on a payment plan and trade it at a premium... well we r a syndicate of investors in dubai and thats what we do... cheers

[Werhop]

Originally Posted by Sharjil Lakdawala

Well the budget u quoted is quite less to own a commercial property in dubai but its sufficient for trading in dubai.. u can buy floors or units on a payment plan and trade it at a premium... well we r a syndicate of investors in dubai and thats what we do... cheers

Sharjil Lakdawala, we are starting such a group, similar to yours, in our home country, South Africa, I would like to chat to you via email if you would not mind, maybe you can tell me more about the strategy you use, when you say trading, what do you mean, selling before building completion? We were actually looking for a very small retail/office inside a building, i know it is very low what i said, but i am interested in your comment... please explain more, you can email me at werhop@gmail.com.

thanks

[Sharjil Lakdawala]

Originally Posted by Werhop

Sharjil Lakdawala, we are starting such a group, similar to yours, in our home country, South Africa, I would like to chat to you via email if you would not mind, maybe you can tell me more about the strategy you use, when you say trading, what do you mean, selling before building completion? We were actually looking for a very small retail/office inside a building, i know it is very low what i said, but i am interested in your comment... please explain more, you can email me at werhop@gmail.com.

thanks

Thankx for ur interest in ma comment mate...u cn call me on 00971-554118786 coz its kinda difficult to explain over email.. u can call me anytime and i will let u knw the strategies we use.. cheers

[Werhop]

Originally Posted by Sharjil Lakdawala

Thankx for ur interest in ma comment mate...u cn call me on 00971-554118786 coz its kinda difficult to explain over email.. u can call me anytime and i will let u knw the strategies we use.. cheers

Sharjil, thanks for the number, do you have skype? maybe we could chat, that is quite helpful...

[Sharjil Lakdawala]

well i do have skype but i m not quite accustomed to it.. well if calling is a problem then u can definetely add me on yahoo messenger... sharjil_192003@yahoo.com

[Werhop]

Originally Posted by Sharjil Lakdawala

well i do have skype but i m not quite accustomed to it.. well if calling is a problem then u can definetely add me on yahoo messenger... sharjil_192003@yahoo.com

Just installed Yahoo messenger... sent you a friend request...

[Roshan]

Originally Posted by Werhop

Hi Guys,

I am looking at investing in commercial real estate in Dubai, our goal is to acquire the properties and rent these out, we would make use of financing to acquire, and have the tenant's rent go towards the re-payments.

This idea is very new and we are still researching it. i would like it if you guys could give me ideas as to the options available for purchase? What can one buy, we are looking for smaller retail or office properties, maybe around US$140,000 but not limited to that, we could acquire higher prices if need be.

Can you please let me know what regions are the most profitable and best for a venture like above? i know all the new developments, like the world, and waterfront are being worked on (how far until we can buy on these projects?) but would these be worthwhile to wait to get some deals done, and where would one find the off-plan deals on these projects?

thanks
werhop

JLT will be the next free zone to come in to the market. You should be able to get deals at around Dhs 1600 psf.

Business Bay is considered long term investment. Prices hover around Dhs 3000 on launch, can get deals in the range of Dhs 1800 psf. Business Bay is considered to be the business hub of Dubai.

My suggestion would be to buy something which is close to completion in JLT and give it on rent to get instant returns on investment.

On waterfront, maritime city the prices are very high and will take sometime to come into the market.

Better to buy something which is ready and give it out on rent.

Good luck.

Rgds

Roshan

[sameer.dada]

Roshan,

In your opinion, which are some good projects and who are the good developers in JLT?
For things close to completion.

Also do you think its better to buy commercial or residential in JLT?

How much do you feel unit would appreciate from being close to completion to when having the key.