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Search: Posts Made By: Border Reiver
Showing results 1 to 25 of 37
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Forum: Middle East
May 17th 2007, 7:25 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

I don't think it matters too much if you go for AD or Dubai but remember location , location, location and throw in build quality and a developer you have heard of who won't do a runner with your...
Forum: Middle East
May 7th 2007, 6:39 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Don't get "The Greens" which is an Emaar development near Internet City (and produces some good rental returns) mixed up with "The Green Community" which is by Union Properties and near Dubai...
Forum: Middle East
Mar 21st 2007, 3:26 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Ah, got it now. Presumeably this is because they got the prices horribly wrong in the first place. It's out by Dubai Investment Park isn't it? Like DSO that is hardly prime real estate either so...
Forum: Middle East
Mar 21st 2007, 2:45 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Well, if you are paying the developer "rent" for five years or repaying a loan the developer made to you I can't see the difference. Either way, you end up paying the same for the property 5 years...
Forum: Middle East
Mar 21st 2007, 2:24 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

You are correct, but they are list prices for the cars and nobody actually pays that from the showroom. Panic incentive or sales incentive? Matter of opinion. If it was a panic I would have...
Forum: Middle East
Mar 21st 2007, 2:17 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Actually, I have. I bought a townhouse at the Marina for 1.7M in 2004 and sold it last year for 3.3M. Not quite a 100% increase but close enough.

With the profit I bought a 2 bed apartment,...
Forum: Middle East
Mar 21st 2007, 1:25 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

No, just a balancing opinion from someone who isn't bitter and twisted about missing out on the boom three years ago. I'm not saying that you are, but if the cap fits....
Forum: Middle East
Mar 21st 2007, 1:23 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

The 200,000Dhs cars went with multi million Dhs penthouse apartments (smaller ones got cheaper cars)- this was DMAC for those who don't know- it was just a marketing gimick and it has been done (on a...
Forum: Middle East
Mar 21st 2007, 7:59 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Yes, it is symptomatic of a maturing and competative mortgage market. Hopefully, eventually, it will end up similar to the ones back in the real world with fixed rates, discounts and all the other...
Forum: Middle East
Mar 21st 2007, 7:52 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

I don't see huge oversupply because it looks to me that there is still enough demand, at the moment, to fill the properties that are under construction and near to being finished. The fact that a...
Forum: Middle East
Mar 20th 2007, 6:40 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

I partly agree with you, in that I agree the Florida market is in trouble. Now, I'm not an expert on property in America (TA5 isn't an expert on property here but it doesn't stop him pontificating...
Forum: Middle East
Mar 20th 2007, 6:21 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Er, aren't they closing it to build an expressway to make it easier to get from Sharjah?:confused:
Forum: Middle East
Mar 16th 2007, 6:39 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

ROFL:rofl: :rofl:
Forum: Middle East
Mar 16th 2007, 6:39 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Well, I seem to recall that 2 years ago you were pointing to cracks in the wall in your (rented) apartment at the Marina and confidently predicting that in two years (i.e. now) they would be worth...
Forum: Middle East
Mar 15th 2007, 7:41 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Yes, the numbers are incredible but you have to look at rate of population growth and how long it will take to complete all the towers- remember that the record for finishing projects on time is not...
Forum: Middle East
Mar 5th 2007, 3:59 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Well, you know what they say, "If you aren't confused you haven't considered all the facts."

If you want to buy because you are sick of the uncertainty about rents or, like me, you didn't fancy...
Forum: Middle East
Mar 4th 2007, 7:12 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Okay, I didn't really want to get into a debate on prices for one bedroom apartments in the Greens. I might get 950,000 for it, I might not. The point is if I put the money in the bank I can get...
Forum: Middle East
Mar 3rd 2007, 1:32 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

I've never been able to work out what Emaar are thinking.....
Forum: Middle East
Mar 3rd 2007, 10:22 am
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

No, I'm not loosing money. However, if the property is worth (at the risk of setting TA5 off again) 950,000Dhs then I can get a better return if I sell it, pay off the mortgage and put the money in...
Forum: Middle East
Mar 1st 2007, 1:16 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: A load of hot air....

Personally, it wouldn't bother me to get the rent monthly instead of 6 months in advance. If you get paid monthly it makes sense to pay your rent monthly.

I would never try to screw an existing...
Forum: Middle East
Mar 1st 2007, 12:55 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

In the short term yes it probably has peaked. If I bought now I'd be looking 5-10 years ahead (hard to do in Dubai!) and I'd be very selective about location.
Forum: Middle East
Mar 1st 2007, 12:42 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: A load of hot air....

I'll go for 15-20%. If it looks like being more than that developers probably will keep inventory back for later release. But, at 20% I'd buy a few more. If I had the deposits.....
Forum: Middle East
Mar 1st 2007, 12:26 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Sorry IG, I should have said "Some" not "All". It wasn't aimed at anybody in particular.
Forum: Middle East
Mar 1st 2007, 12:09 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: A load of hot air....

All the people who missed out on the property boom the first time around are now apparently hoping for a crash so they can have another chance. I don't think it will work like that. For the record...
Forum: Middle East
Mar 1st 2007, 12:05 pm
Replies: 340
Views: 35,566
Posted By Border Reiver

Re: If there was a property crash in Dubai..

Off the top of my head I can think of 13 Emaar towers which are completed and heavily occupied. Of course then there is JBR which, rather like DAMAC, is another kettle of fish altogether. There are...
Showing results 1 to 25 of 37
 
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