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Old 06-06-2008, 11:20 PM
sheray sheray is offline
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Join Date: Jun 2008
Posts: 8
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Hi Jimmy

Depends what is your risk appetite. Some areas are guaranteed value appreciation. Like business bay, palms , waterfront. But they are little expensive. But with good returns also. Again i guess depends on you.

Are you looking at stable monthly income? Where buy the property then rent it. For example today in international city you buy flat for 650k and easily rent
for 65k yearly. And for Marina sector you can buy for 2.2 million and rent for 200k plus easily.

Incase you want to buy property and sell it. I advise you to buy prelaunch properties and sell at premium. People are making millions like that. But it’s little risky. Would you be able to withstand the payments if it does not sell in short time?

Some people say there is some concirn about 2010 property re evaluation.
When many units would be ready. would rental price go down. Well i don’t know. i don’t think so it would as Dubai holds great future.
I believe in Dubai.

Regards
Sheray
Cheers

Quote:
Originally Posted by JimmyM View Post
HI,
I'm very new to property investing. Currently I'm in Iraq and I have been talking to my interpreter whos brother is currently investing in UAE. It sparked my interest but he does not know too much about it so I'm looking for any information about the area. ie. expected prices, is this a good area for a new investor and things like that.

Any help would be greatly appreciated.

Thanks,
Jimmy
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