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Buying overseas property Thinking of buying an overseas property and need advice, help or suggestions? Talk to other experienced property investors who have already invested in many overseas property markets.

Which country should I buy in? - Page 2

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  #11  
Old 25-12-2007, 02:21 PM
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Originally Posted by Ginger View Post
UAE is still a place to invest, it might slow down in couple of years, but prices are still growing well, 10-15% increase in the market predicted next year as per Dubai One TV channel... and this is for ready-to-move-in property, imagine how much you can make on off-plan...
Is is not as crazy as it was 3-4 years ago, when people made 3-5 times their money, but... can be serously considered I am sure...
I think UAE is getting close to saturation now. From what I have heard, the main debate there among people in the business is whether the market will be oversaturated by 2009 or 2010.

There is just so much property due for completion over that there period that it's hard to see where all of the people will be coming from in order to rent it.
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  #12  
Old 25-12-2007, 02:47 PM
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Originally Posted by Ginger View Post
UAE is still a place to invest, it might slow down in couple of years, but prices are still growing well, 10-15% increase in the market predicted next year as per Dubai One TV channel... and this is for ready-to-move-in property, imagine how much you can make on off-plan...
Is is not as crazy as it was 3-4 years ago, when people made 3-5 times their money, but... can be serously considered I am sure...
Where is the demand coming from in the UAE? I thought the native population of UAE was pretty small. After all, it was pretty much desert until recent decades wasn't it? In this case, there won't be much support from locals propping up the market.

Is the demand coming from business people moving to UAE for work? Is there much demand from holidaymakers?
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  #13  
Old 25-12-2007, 03:49 PM
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Demand in UAE is always on high from last 3 years and as long as the tax free environment prevails , business will always boom with overseas companies keeping their eyes open to dubai market and jobs also will be simultaniously in plenty and as far as culture and lifestyle is concerned Dubai is one of the best cities in the world . Its peaceful , infrastructure is on par with metro scheduled to complete in 4 to 5 years and new roads opening up , city getting spread , good rental returns , more malls and lots of entertainment avenues opening up . I always feel Dubai is the best place to invest with attractive Home loan payment plans where you start paying only after handover and whether you are planning to rent or sell it you get best deals more than you can imagine.
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  #14  
Old 25-12-2007, 10:08 PM
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sreejith_m is wrihte ad many big company such as Hallyburton are relocating their oun business to Dubai, hte local population is not too much but pepole from all around the world are interested in Dubai, it becomes he new finaicia hub and also the nearest and safest way to petrol in the region, in 2years thee will be the biggest airport in the world in Jebel Ali fre zone area, do you think with more than 5 airports in the UAE, they are ineedof such a project? with dubai land witch is 5 times more bigger than disney world, and many other projects, dubai and is and still the most attracive city and less expansive than NY, Tokyo, Londo or Paris
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  #15  
Old 26-12-2007, 05:00 AM
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Originally Posted by AnotherPropertyGuy View Post
Where is the demand coming from in the UAE? I thought the native population of UAE was pretty small. After all, it was pretty much desert until recent decades wasn't it? In this case, there won't be much support from locals propping up the market.

Is the demand coming from business people moving to UAE for work? Is there much demand from holidaymakers?
There are people from over 200 nationalities investing in Dubai!
Business Bay is in huge demand, and that gives an indication on how the corporate world looks at Dubai as one of their main hubs.
Along with the economic growth, Tourism is a priority for the government and they are determined to make it the "most visited" city in the planet. Dubailand is surely a massive boost.
15% rental yields are currently being achieved on some projects I am directly involved with. For much more details [including capital growth based on LR figures, GDP, Supply vs Demand, Strategic Plan 2015], pm me. If you're in the UK, I'm happy to set up a meeting to go through it all. If not, email and phones are the alternatives for a start!

Other markets to seriously consider are: China, India, Egypt, Brazil.

Rammah
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  #16  
Old 26-12-2007, 04:09 PM
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Actually UAE is at it's peak at the moment. It is the right place to invest, the ROI at the moment is outstanding.

The reason for this is that, the property market recently opened up in Dubai a few years ago. Previously, expats were not allowed to own properties in Dubai. It has opened up and the demand for property is still a lot more than the supply.

With the rent caps gone in Dubai, the mortgage market will grow, and End users will seek their own accomodation to reside in.

It is worth noting that there will always be a shortfall in Supply, wheres as the government has given a target of 40,000 complete units per year, howver the labor ministry is approving 200,000 visas per year. Whereas 80% will be white collared salaried clients who will need a place to stay,

Dubai being the commercial fligh hub and financial hub in the Middle East has a long and promsing future ahead.

Kind Regards,

Amin Badshah.

Business Development Manager,
Barclays Mortgages.
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  #17  
Old 26-12-2007, 06:58 PM
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Originally Posted by alice_chained View Post
It is worth noting that there will always be a shortfall in Supply, wheres as the government has given a target of 40,000 complete units per year, howver the labor ministry is approving 200,000 visas per year.
That's a powerful statistic. Could you add some links to further sources where I can read more about that? Or perhaps a property report for UAE from a neutral source? I still know very little about the region and would like to become more informed.
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  #18  
Old 26-12-2007, 07:57 PM
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I have always thought that the best investment in Dubai would be dormitories.

The last statistics that I heard is that the population of Dubai is comprised as follows:

15% Native Arabs
20% White Collar Europeans
65% Gastarbeiter from poor Muslim countries (Pakistan, Bangladesh, Phillipines, etc.)

These gastarbeiter need someplace cheap to be housed. I get the feeling, however, that the vast majority of housing being built is targetting the super-rich and that supply in this area will soon outstrip demand, whereas you will never go wrong at the bottom end of the market because every one new white collar resident is going to need two or three blue collar workers to look after him/her.
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  #19  
Old 26-12-2007, 10:18 PM
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Originally Posted by Creative Source View Post
I am interested by the couple comments about Sri Lanka. I am born and bred British but my parents are Sri Lankan and I go back often as we have a family home there ( Mount Lavinia). I am going there on holiday in a couple days in fact and will no doubt do some property hunting.
The Colombo properties are not cheap. They are over inflated by the demand from the rich expat communities in England, Australia, Canada and the US. I don't think there is any money to be made in Colombo property. Outside Colombo on the sea front is definitely the areas with potential and a lot of Germans abd Austrians have bought there. There may be restrictions in place n how far one can build houses from the sea front after the Tsunami struck.

CS
Enjoy your trip. Would like to hear how you got on when you return. I'm particularly interested in key tourist type developments that come along which are exempt from the 100% property tax. (I'm assuming the tax still applies - I know it had been scrapped, but was re-introduced after the tsunami to help the Governement raise funds. Only a smattering of key touristic developments have been exempt from the tax.)
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  #20  
Old 30-12-2007, 03:28 AM
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Asia countries esp Singapore, Bangkok, Vietnam properties still got further upside
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