Hi brother, I don’t recommend you to invest in RAK, the property is very difficult to dispose off, it will take time. This is my personal experiance. It took me 6 months to sell of my Town house in Alhamrah Village RAK
I recommend you try to buy a property with minimum premium and easy payment plan, this will help you.
keep in mind you should be able to pay at least 2 installments with the money you have in pocket , and then sell it out . Dubai property is easy to sign off.
Two installments will stretch you up to six months, which is fair enough to earn approximately 100 to 150 dhs per sqft.
Try investing in studios, and the quickest to sell and carry a low price tag.
Try JVC .JVS / Dubai lands.
My last and final advice, don’t think too much while investing, nothing will happen to your original investment in Dubai, and you will never be stuck.
Leave the rest to God, Inshallah you will succeed.
All the best.
Haider
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??  |