If you are thinking of investing into the Dubai Property market, email me.

Hi people,

This is just some basic info if anyone is thinking of investing into the Dubai property market.

There are many projects in Dubai which makes it quite a scary place to invest into.

You should always get information about various projects. Many people had made lots of money from communities such as The Greens, Springs, Emirate Hills, Jumeirah Lake Towers, Dubai Marina etc.

2 big places to invest in at the moment are Jumeirah Village (South), and Business Bay. Jumeirah Village is hailed to be the next Springs and Greens, and all of the Villas and Townhouses are completely sold out. The apartments are still on sale and are considered a good investment for rental and resale. Obviously you have to invest wisely. The cost of construction is always going up.

Business Bay is still open to lots of investment options. A lot of people are asking questions about inesting into Business Bay and their have been a lot of confusion in the market. Basically only smart people are investing into Business Bay. It is going to be the future business hub of the Middle East, and is right next to the tallest tower in the world - The Burj Dubai.

When choosing a property, do not make the mistake of thinking that you can make some quick cash. That boat sailed a few years ago. You can still make some fantastic money but you need to be ready to give the go ahead straight away when an excellent opportunity arises.

I would advise newcomers to invest with a few to keep their money in the chosen project for at least 1 to 1.5 years. If an opportunity comes to make a sale within that time and make some quick money, then consider it as a bonus. Do not assume that you can liquidise and make a profit after 3 months (although it can be possible).

When choosing a project to invest into, always look at all the aspects and find the weakest link. The main factors are:

Developer - are they strong? will they complete it? are they backed by a bank?
Location - Is it in a good area? Easy accessibility?
Finance - Backed by a major bank? Easy repayment terms?

There are other factors, but the ones above are quite important.

You need to decide if you want to invest in commercial or residential property. It is good to inest in both but i think that you will find the smart people investing into commercial projects. This is because a lot of foreign companies are setting up HQ's in Dubai. Try and find a vacant office on Sheikh Zayed Road, and it will be near impossible. And the prices are quite high. You can invest in residential but that would be wise if you are getting a good deal or if you are actually looking for a place to live in after the place is completed (personal choice).

If you want more info then post a reply on this thread.

Ratib

Hi Ratib Investor
What are your thoughts on the International City developments in Dubai. Is this not a booming property investment at the moment with a lot of future upside. Dubailand etc. It would be good to hear yor thoughts on this.
Regards
Flex

Hi Flex,

As a personal opinion, International City should be a good place if you want to have a rental income, but for property appreciation, there are other places in dubai to make money.

Ratib

Promotions (cars and aircraft) with good terms and conditions of payment and return on investment up to 60% a year right now and only this period. These proprieties are held in Dubai and other more profitable locations. For more information send me on my private email.

hi Son,

sounds interesting. r u referring to the Damac offer of the free Jag or draw for the Jet?

is this 60% ROI after just 1 year? Does that mean that if i purchase an off plan property, after 1 year i would get my investment back and a 60% profit? with some of the projects i deal with, if is possible but sometimes only if you invest right from the beginning and stay with the project all the way until completion.

the 60% ROI after 1 year was achievable a few years ago, but i would be surprised if this type of return is still available given the current market.

if anyone has any info, i would be interested to know.

cheers

Ratib

Hi People

There are lots of things to consider when looking to invest in the property market here in Dubai. i will just start you off.

1. What do you want to do? i.e. what are your expectations and what have you already found out? its important to manage your expectations from the beginning.

2. are you looking to purchase a property with a view to making a rental income?

3. Or are you looking to purchase a property so that you would like to sell it later? If so, after how long would you want sell your property?

4. A few years ago you could buy a property and sell it quickly to make a good profit. These sort of deals are very hard to find and i would only recomend it if you have a good knowledge of the market and can invest at the drop of a hat.

5. you need to decide whether you want to choose a residential or commercial property. depending on how much you want to invest, you can go for both. the hot places to invest in at the moment is Business Bay (commercial) and Jumeirah Village South (residential).
Business Bay is where the smart people are investing. Jumeirah Vill Sth will be hard to find some villas in as they have already been sold out. A marina area in any part of the world is always demmed a good investment as the creme of the crop would want to live there. In Dubai Marina, the area has lots of completed projects and you need to spend time to find a project that is still off plan, where the prices are still relatively low.
The first projects that were approved in Business Bay were ideal as any new project in this area will automatically carry a higher price since the government has introduced more stipulations driving the cost of any pre approved project up.

6. Do you have a budget in mind?

7. in a project that is near completion, you will probably have to pay a minimum 2% transfr fee. on off-plan projects, you don't as they are normally direct from the developer.

post a message on this thread if you want more info. the info i have given above is basic. please feel free to discuss this info with any of your collegues, friends, etc.

remember that if you are new to investing into dubai, you can't really go wrong if you choose a project that has a strong daisy chain of links. i.e. srtong developer, strong construction company, strong architect. a rule of thumb is that if you go with a strong developer, the rest of the chain will be good.

cheers

Ratib

hi people,

someone mailed me in reference to my previous post. i have made a few edits am putting it up now. hope it is useful to a few of you. let me know please. i know that it is a bit general and not specific. if you want more specific info, then mail me please.
also, let me know what you think of the info that i am providing.

the prices are cheap for properties that are far from completion. they are normally off plan projects that will be completed after about 2 years (that is the catch that i think you are referring to) hence the price, they are very good for investment, provided that you choose the correct one. also look at the sqft area of the property that you want.

if you take 2 properties (hypothetically) that are exactly the same in every aspect apart from 1 is ready now, and the other is ready in 2 years, the latter will be considerably cheaper, you just have to wait for it to be completed.

Following your message on what to consider, etc:

1) I would like to buy a property that I can rent out short term (I would want to use it for a few weeks per year as well).when do you want the property completed, now, in 6 months, or do you want to get an off plan wait for it to complete then have the choice of renting or selling it.
you can get short term rentals, where you can live in the place for a few weeks a year, but you need to manage them effectively.


2) I am looking to purchase a property with a view to making a rental income. if this is the case then you would probably want a property that is copleted now, or within the next 6 months. if you are getting a property that is ready now, then you will be paying the full price and value. if you wait for property to be completed within 6 months then it can still increase in price, as well as being ready for rental soon.

3) I am not looking at selling at the moment. it is your perogative, but always keep your options open. if your property was to suddenly increase, are you sure you would not sell it, make a profit and then re-invest it and do the same again?

4)

5) I would prefer residential. again its your choice, since you want to live in the property a few weeks a year. but the rental income from commercial offices is not to be snuffed at if you have the capital to invest in the first place.

6) No real budget, as I am still wary of costs. I have found information on total costs of buying a property in Dubai hard to find so far. look at a few websites, papers (if you are in dubai) visit an agent (it will be free, just don't commit on your first visit) take a step back, consider your options, then choose. remember that nearly all properties incur an average of 8 dirhams per sqft maintence cost annually. that is not normally included in the price quoted. DEWAR (water and electricity) is not included.

What I really need to know is, if I invest, will I be able to at least break even?!, that would depend on how much you bought the property for, and how much the rental income would be. if you can get your investment back after 10 years, then that is considered excellent (internationally). in dubai, you can get your investment back quicker, but you will have to calculate when you have a shortlist. currently short term rtentals (depending on area) are about 9000 dirhams per month.

Are you in Dubai, europe, USA. let me know, as it is good feedback for me.

cheers people

Ratib

Hi People,

Thought i would put this up on the forum.

It is a great opportunity as it is a pre launch deal on an off plan project.

Just to wet your appetites, out of 2400 townhouses, 1500 have been sold in the last 3 days!!!

• 1563 sqft built up area
• 700 sqft worth of garden and terrace free
• 2 bed townhouses
• total price is 800,000 AED (approx £114,285)
• 10% booking now 80,000 AED (approx £12,000)
• 10% every 3 months
• 20% upon completion

email me on ratib@tsa.ae for up to date info

regards

ratib

Hi People,

Just to give you guys some info.

Have a look in the Gulf News Monday and Tuesday regarding the Hydra Village project.

I have had a fantastic response from the ads that we had placed in Thursday, and today's edition. About an average of 120 incoming calls on each day.

This is as excellent example of a great investment opportunity for an off-plan project that i had said to look out for in earlier posts.

Have a look at the ad, give me a call and make your own mind up.

The cheapest property is a 2 bed townhouse, 1590 sqft living area + 700 sqft garden and terrace s****. All this for 800,000. 10% initial payment is 80,000 AED.

Ask any of your colleagues, contacts even agencies, and i am sure that they will all tell you that it is a fantastic offer. You don't have to take my word for it, do a bit of research.

If you need more info......

Ratib 050 6754-202