Hello All,

I am thinking of a buy-to-let in JLT - the property i'm looking at should finish by late 08 - but i wasnt sure of the rentinng market in JLT - would many people be willing to rent & live in JLT around that time or with all the construction work going on you think the renting market would be poor around that time?

Many Thanks for any info

Mazi,

JLT will be the first free zone to come into the market. 50% of the buildings there are commercial and the rest 50% are residential and mixed use. I have invested in JLT and was there couple of weeks back. There is still construction going on, but all that place should do well once the construction is over. Don't forget here you are still talking of Sh. Zayed road.

Regards

Roshan

Thanks Roshan once again. am considering Eden Blue (D.Marina) and Al saqran (JLT). Eden Blue doesnt seem to be in a good spot within the marina (apparently next to a power station and has buildings in front of it, so obstructed view probably). Al saqran seems to be in a better place within JLT, however i am under the impression that overall, Marina is or would be a more prestigious/desirable place and perhaps would offer better return!!!

your view would be much appreciated

ps - i liked that frog story and forwarded it to all colleagues at work 2

Mazi,

As the saying goes of the 3 principles in real estate which is Location, Location, Location.

Waterfront and beach front developments do well followed by Golf course located developments.

Given a choice I would find something in Dubai Marina, Al Saqran does not hold much value considering it's location.

JLT lake is more like a stream and does not hold much value.

Are you in Dubai or overseas ??. If you are in Dubai, you could register for the meetings we intend having. Register under the thread " Dubai chapter of the forum "

PS : Hey, we all liked the frog story. We all love to be leapers don't we. I have also added the average price for Dubai properties under the thread "Real estate articles and motivational thread ".

Regards

Roshan

Thanx so much Roshan,

unfortunately, i am overseas (UK to be specific)

all new expats in my company are going in to 2 beds in JLT - mostly palladium. We are paying 120,000 AED for each one and that is a job lot rate. Still good prices there. Icon II ready soon is still 1.4m for 2 bed (only 950 sq feet however)

thanx jordandvdj for info

Dear Roshan,

Do you think it is worth making a visit to Dubai to find a property. Do you think it would be easier to find the right property while there, e.g. by visiting local estate agents, developers etc or do you think i could do just the same from abroad (i.e. via internet, phone etc)

Thanks

It's not worth, it should be a must in every investors dictionary. Wouldn't you want to know where the building is located and all that goes with it

Do your initial research on the net. Talk and correspond with many before you decide. Compare prices, layouts, surroundings ( surroundings are as important as the property itself )

Then shortlist your choicy developers whom you can meet while you are here. You need to know the full history of the project, developer and then make a trip. If the developer has delivered projects in the market, arrange for an inspection. You need to define and choose your MVP ( most valued property )

Making a trip to Dubai and then buying is very important.

Do not invest blindly, you need to feel the pulse.

As in marraige you see many, but get married only to one ( atleast one at a time - LOL )

Good luck.

Regards

Roshan

Thanks a lot Roshan