Ajaman Real Estate Investment
Nov 11th 2008, 8:25 am
#31
Banned
Joined: Nov 2008
Posts: 3
Re: Ajaman Real Estate Investment
I work in real estate in Dubai and we have taken Ajman off our books !!!
Far to risky deal for power and water still not made !! if at all
Far to risky deal for power and water still not made !! if at all
Nov 12th 2008, 6:26 am
#33
Gold-Helmeted Member
Joined: Dec 2004
Location: Setubal-ish
Posts: 688
Re: Ajaman Real Estate Investment
All those currencies have recently tanked against the dollar (and hence AED).
So there might be a profit on paper, but when you try to sell, you'll find that since the cost has also jumped to all those buyers, they will pay less.
You would be much better off holding USD or AED cash than holding an asset which is dependent largely on those with foreign currencies for its value.
Nov 12th 2008, 7:00 am
#34
Not an evil hypnotist
Joined: May 2007
Posts: 1,975
Re: Ajaman Real Estate Investment
Well right now, lets look at the situation. Too much is selling and very few are buying (if none)... people cant afford it anymore and cant raise finance for it. So this automatically has pushed people towards the lettings market.... this is why rents are not droppin as fast as prices are.... because this automatically craeted more demand for letting space. if people cant buy to live, they will have no choice but to rent.
The game changes when your population is transitory.
Nov 13th 2008, 7:43 am
#35
**** it we'll do it live
Joined: Oct 2004
Location: Dubai
Posts: 7,892
Re: Ajaman Real Estate Investment
and the prize for most ostrich like behaviour in a poster goes to...........
