Go Back  British Expats > Living & Moving Abroad > Middle East
Reload this Page >

Freehold properties in Dubai

Freehold properties in Dubai

Old Aug 25th 2004, 7:07 am
  #1  
Just Joined
Thread Starter
 
Joined: Aug 2004
Posts: 2
offplanproperty is an unknown quantity at this point
Default Freehold properties in Dubai

Hey friends,

With all the hype surrounding Dubai properties, I thought I would post information about a company that one of my friend works for in the UK.

The company is called Investors Provident, and their website is:
http://www.investorsprovident.com

They specialise in off-plan investment properties in Dubai, UK, Australia, and Europe. Recently, they have seen an upsurge in the number of people enquiring about properties in Dubai, and it seems like it's on the way up, and not stopping.

They have a good section on Dubai, and the property market, and have started putting up properties for sale on their website. It's amazing what you can buy for around £80,000 in Dubai, when compare that to the UK, and you'd be lucky if you get a garage in London for that price!

Anyway, from what I have researched on the property market in Dubai, it seems like an amazing place to invest, especially that the market is rising at about 20% per annum. People have already made 60% to 90% profit on properties on The Palm, and the demand continues.

So, if anyone's interested in investing in Dubai, or buying a holiday home, check out their website: http://www.investorsprovident.com. Alternatively, just post your queries here, and I'll help you out as much as I can.

Best wishes.
offplanproperty is offline  
Old Sep 20th 2004, 8:18 am
  #2  
Just Joined
 
Joined: Sep 2004
Posts: 1
Brian Murphy is an unknown quantity at this point
Default Re: Freehold properties in Dubai

The referred link was interesting. Has anyone any idea howw easy / difficult to rent out investment properties in Dubai. I am interested in acquiring a property wiith a view to letting 52 weeks of the year.
Brian Murphy is offline  
Old Sep 20th 2004, 8:38 am
  #3  
Just Joined
Thread Starter
 
Joined: Aug 2004
Posts: 2
offplanproperty is an unknown quantity at this point
Default Re: Freehold properties in Dubai

Originally Posted by Brian Murphy
The referred link was interesting. Has anyone any idea howw easy / difficult to rent out investment properties in Dubai. I am interested in acquiring a property wiith a view to letting 52 weeks of the year.
Hey Brian

From my understanding, the first set of occupants have just moved in to their properties recently. A lot of the developments will start to reach completion in the near future, and hence, it is yet to be seen if these will rent out as well or not.

Having said that, majority of the investors are investing in Dubai with the view to make some good money, and not for long term rental. Projects like The Palm's will either be used for own occupancy, or for making good capital gains. I personally do not foresee anyone wanting to rent out these properties as they will need to command a high premium. If at all they do rent out, they will not be let out for the whole year - maybe just a part of the year when the weather is good.

The one project that I am confident about is International City. Properties here can be acquired for a good price, and hence will not need to command a high rent to cover mortgages. Dubai Land, the theme park which is claimed to be bigger than Disney is being built around that area, and hence the workforce that is going to be coming into Dubai will need a place to stay. Remember, most of the labour that comes into Dubai is from India, Pakistan, Bangladesh - third world countries, and hence these people cannot afford to pay high rents.

International City provides an ideal location with the most affordable price. Ofcourse, this project is also a while away from being completed, but once completed, I feel that properties there will have no problems letting out.

Dubai Marina is another development where rents can be achieved, but not by the lower end of the market, but by the middle to upper end. With the huge influx of tourism into the country, these people will be looking for short term lets during their stay. Rather than pay for a hotel room, they would prefer to get their own apartment overlooking the sea or the golf course in a location of their choice. Ofcourse, like any other property investment, you will not be able to achieve 100% rental all year round, but I feel that you will be able to get good rental for about 8-10 months of the year that will help you pay for the void periods.

I strongly feel that investment in Dubai today is still sound if you are looking for short term gains. Buy, hold, sell, and make your money. No one knows what will happen in the next 3-5 years time. So, if I were you, I would be looking more for capital appreciation rather than rentals.

Just my thoughts!

Regards
OffplanProperty
offplanproperty is offline  
Old Sep 20th 2004, 7:44 pm
  #4  
 
philipz's Avatar
 
Joined: Nov 2003
Posts: 147
philipz is on a distinguished road
Default Re: Freehold properties in Dubai

Well I wrote a webpage up about freehold in Dubai. Check it out.

http://guide.theemiratesnetwork.com/...d_property.php
philipz is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.