Hi Everyone,


I am new to this forum and must admit that it’s very useful portal for anyone considering investing abroad.

As you would appreciate, with so much info on the net and in the media it's very difficult to know where and when one should invest in Dubai. such is the dilemma, I am facing.

The reason for my correspondence is to get your opinion on what your views are in terms of where/what particular developments I should consider.

As for what I am looking for and what my expectations are:

1) Looking for 1 bed apartment, preferably off plan, as it’s long term investment that in interested in. However if there are development that are due to be completed in 2009 or round about that time, then yes I would consider those too.

2) I am looking to purchase the property with the view to sell it later on if and when the right opportunity arises. In the interim, rent the property and obtain steady income to cover the mortgage which I am planning to get from UK.

3) As for budget, it’s about 50k – Maximum deposit that I can at present afford is around 15-20%.

Any help in this regard would be really useful.

Cheers

Ahsan

Mr Ahsan
I am a regular user of this forum and trying to do the maximum possible service to friends on this forum,I am working here in UAE and I have invested in Dubai with almost the same intentions like you,I can help you in your search as a friend, I dont want any benefit from you, This is just a service ,I try to provide,for FREE. I know many people get cheated because of their being far from here.PM me your e mail address and I will guide u .bye.
IMLAQ

Hi Imlaq,

Would it be a problem if you advised everyone in the forum instead of doing it via PM?
I mean if you have a general guideline that pple can follow to find the best possible deals, I'm sure everyone would be interested.

It's your call anyway, just let me know here or in PM!

Regards,


Rammah

Ahsan,

Welcome to the forum. Get down to basics which is :

Do your own research. Start with identifying potential builders, compare their prices. Confirm if the developer is offering nett or gross area. Going on other peoples word might or may not bounce back.

Stick to good developers as you are sure to get a good end product and better value. Better returns while selling.

Dubai sports city, Jumairah village ( JVS ), Motorcity ( Unionproperties ), parts of Dubai land.

Some of the good developers that come to my mind are Al Faraa properties, ETA star, Union properties, sobha developers, Mazaya ( Que point ), Remraam ( Mizin ). Be in touch with them and they will inform you of upcoming projects.

Research is very important.

If you are planning to take amortgage from U.K. Can you get an interest only mortgage where you pay only the interest and the principal after 10 or whatever decided by the bank. Your investment tend to be positive in this way as you are paying only the interest portion and when the time comes for paying back principal, it works to peanuts because in most cases your property would have appreciated much more.

Good luck.

Roshan

Hi Rammah

It looks that you did not understand the meaning of that post.Please re read it.I meant him to give his requirements thru PM because its not necessary that everyone likes to put it open for all.Unless its a general interest.Here its a personal investment details like budget , requirements , area , purpose , loan , construction stage, developer reputation etc.REST ALL GENERAL ITEMS ARE GOOD TO BE MADE PUBLIC.
I hope this is clear for you.

Thanks for your reply Imlaq. I'm still a bit confused as Ahsan mentionned his requirements, but if you meant more personal information that what was mentionned, then it makes sense.

I thought you had a general guideline to follow that worked with you and that you were happy to provide to others in order to facilitate it for them.

Anyway it's fine, as long as the enquirer [Ahsan in this case] gets his help, that's all that matters for now.

Regards,


Rammah

here is email address:

Unfortunately this forum isn't allowing me to send email adress....so here is another attempt without it being in email address format:
shanski21 <at> hotmail<dot>com

Also can you please tell me how much is it?

Regards