The Dubai Investment Coalition Planning Thread

[haider_dubai]

Good points sally, our group has tons and tons of knowledge. I wonder if some one has worked out the current market rates PSF for differnst areas it would be help full in future .

(Mess with the best - Die like the rest )

Originally Posted by Sally1980

As promised I emailed the framework for identifying good pre-launch investment oppertunities, but I will put it here as well since I don't know if everyone received it:


Good developer: so the off-plan property actually turns into a "real property" within a decent timeframe and quality

Location: since we want to be somewhere that is attractive for most people to live/invest and in demand for when you want to sell. I always say investors see only in Blue and Green. Blue for See, canal or lake and Green for park, lawns or golf courses.

Paymentplan: is especially important for the leverage. When the payment plan allows you to start off with 5%, every 1% increase in your selling price = 20% profit. This effect takes off when the payments are heavier. An normal
paymentplan would be 10% downpayment, and every 3 months 10%. If we are buying floors in pre launch, we rather want to pay 5% downpayment and 10% every 4months or payments related to the stage of construction.

Price: We should always compare the price to the market price for the properties in that location, both when buying direct from developer and in re-sale. Good example is Badrah, which was way cheaper than other properties in Dubai Waterfront and even Downtown Jebel Ali at the time of launch of phase one.

Finance availabililty: is important, perhaps not for us, but perhaps for our buyer when you are looking to sell. When the property has finance, it is accessible for a wider public / prospective buyers increasing our chance to sell.

Transaction fee's: When buying in bulk, you get one transfer free, so your buyer does'nt pay transfer cost when buying from you, which makes the total selling price lower. We can negotiate two free transfer so the buyer of our buyer get's the transfer for free as well.

[Sally1980]

Hi Haider,

Better homes has made an avreage price index for Dubai Properties that you can find on the following website: Dubai property: Average price index | Dubai Property

Also on Land Department in the section "interactive" you can find a "Map" and a "Chart" indicating in which areas most interactions are made, their value and value/sqf. However the figures are rather strange sometime and depends on which variables / angels they have used to measure the outcome.

However, everytime we need to search for competitor prices in a certain are to get accurate prices.

[Roshan]

Originally Posted by Sally1980

Hi guys,

Nice proposals. Roshan (means lichtning in persian), you have enlichtning idea's I must say.
Maximums, good idea's as well, but I also haven't received any email with the organization chart from you (s.khabireh@gmail.com). We need to make sure that we have the correct email adresses from everyone, so everyone can follow everything and knows through which channels we communicate.

I'm curious for the organization chart as I blieve that we can divide tasks to active members, for example Event Organizer (takes care of inviting the members / speakers to events and chooses location, etc), Relationship Officer (makes ties with developers, morgagers etc. and envites them to the group), Financial Officer (gives members info on how the finance/payment of investments takes place, also the finance of the organization, i.e. if we take a place for an event, for which we have to pay, he can collect a small fee from members for this purpose etc), Information Officer etc etc.

The responsibilities will have to be confined to a group and not to an individual. Within the group we can identify people who would like to assist.

The only expenses we will incur will be when we take up a venue for a meeting, otherwise the membership is free.

The FAQ will be ready over the weekend, been spending late hours at work. I have sounded a few guys at my place of work and they are all set to join. I sounded a few agents and developers and they expressed an interest.

I came across this saying which I found apt, hope you guys enjoy it. We will have more info when we have the next meeting. More members can join if required :

The person who removes a mountain begins by carrying away small stones.

Will have the FAQ posted and emailed over the weekend.

Regards

Roshan

[haider_dubai]

Sally1980 , i will send the names e mail addresses and the contact details tonight , I took them during the meeting , i will send to every one through e mail.

All the best

[bluelight]

shall i hold on to the investments I am about to make and wait for sept.

How to enroll?

[PropGuy]

count me in

[MinDTraX]

This thread really looks like a great plan!!! Count me in as well mindtrax at hotmail dot com

[haider_dubai]

Can you put some light how this escrow works and how much initial nvestment is required

Originally Posted by escrow_officer

Can I suggest something here at this stage.
Since you guys are going to invest togather, you have one more option in your pocket.

1. Form a company.
2. Register as a developer.
3. Register your project.

If you understand how escrow works then you will definatly consider this option on the table as well.
As a developer you will not pay even a single penny from your pocket.
All the exepenses for marketing and management will be avilable from escrow as soon as investment will come into it..
Even you will get your money paid for the land purchased.

Profit is way more than you are expecting from these individual investments.

All this is possible. Only when you know how escrow works and ofcourse you act togather.

[maximusprime]

If we find it necessary to incorporate, I have an LLC in the US that I am planning on registering here in the RAK free zone, which we could use. I also thought of another caveat that we will need to consider. We need to have some way of ensuring that no one backs out of the deal once we have began negotiation. If we come to an agreement with a developer, and someone backs out at the last minute, it could ruin the whole deal. Just food for thought.

Lets go ahead and start making and agenda for the next meeting and set a date.

[Roshan]

Originally Posted by escrow_officer

Can I suggest something here at this stage.
Since you guys are going to invest togather, you have one more option in your pocket.

1. Form a company.
2. Register as a developer.
3. Register your project.

If you understand how escrow works then you will definatly consider this option on the table as well.
As a developer you will not pay even a single penny from your pocket.
All the exepenses for marketing and management will be avilable from escrow as soon as investment will come into it..
Even you will get your money paid for the land purchased.

Profit is way more than you are expecting from these individual investments.

All this is possible. Only when you know how escrow works and ofcourse you act togather.

pm'd a request to you. I am quite impressed with your advice. The idea of a forming a community is to invest, network, offer unbiased advice, help beginners.

You could add value by joining.

Regards

Roshan