Quote:
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 SamSaf,
It seems that we are both in the same boat. We are late entrants to the market however, I believe it is never too late and the market has potential. I have bought a property in Ajman and planning to buy one soon in La Hoya bay. Even though the prices are higher there, I still believe that as infrastructure develops in RAK, properties prices should go higher. Furthermore, I found this blog very helpful. Visit it frequently for new launches and pre-launches and seek help if need be and i am sure you would learn with time and become efficient in dealing in real estate.
P.S. Bab Al BADAR sounds good but I think it is on the higher end.
Regards.