Buying a property in Dubai as investment
 

Hello,

Newbie here, visited Dubai recently and I like the place. Thinking to buy an investment property ( 1m dirhams max ).

Looking at offplan from DAMAC or similar reputable developer, any advise, suggestion before I take the plunge ?

Villas? Townhouse? Appartment? Hotel Appartment ?
Other considerations ?

Thinking of buying within next 6 to 8 months.

Thank you in advance.

Alex

Re: Buying a property in Dubai as investment
 

I would re-think the plan. How easy will the property be to sell or rent (what is the net rental yield)? How many vacant properties are there already in Dubai without tenants or being sold? How easily can developers add more properties to a saturated market? How will the building hold up against the climate (go look at 20 year old properties)? Do you think you can manage this property easily from London, would be be easier / more difficult than managing a property say in Bristol? What are the tax implications