Villa for sale
May 12th 2005, 10:05 am
#46
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Villa for sale
Originally Posted by BMW 318i
So they key seems to be finding an investor who bought a huge chunk of the Arabian Ranches. Anyone want to join me on the hunt for this man 
a select few bought alot of the marina..also worth investigating
May 12th 2005, 10:08 am
#47
Just Joined
Joined: May 2005
Posts: 29
Re: Villa for sale
Originally Posted by Jammy_Dodgers
UB can find out.
a select few bought alot of the marina..also worth investigating
a select few bought alot of the marina..also worth investigating
May 12th 2005, 10:17 am
#48
Trust Your Instincts.....
Joined: Oct 2004
Location: Dubai
Posts: 1,404
Re: Villa for sale
Originally Posted by BMW 318i
What or who is UB?
now theres a question......
May 12th 2005, 10:27 am
#49
Trust Your Instincts.....
Joined: Oct 2004
Location: Dubai
Posts: 1,404
Re: Villa for sale
Originally Posted by BMW 318i
What or who is UB?
One of Jd's bestest friends and real estate guru......
May 12th 2005, 10:29 am
#50
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Villa for sale
Originally Posted by BMW 318i
What or who is UB?
A poster on this forum who is involved in real estate.
also my flatmate. Tell me what you want/need and ill pass the message on.
Also goes by the name of Pyscho John, MF***** and c*** s****er
May 12th 2005, 10:56 am
#51
Just Joined
Joined: May 2005
Posts: 29
Re: Villa for sale
Originally Posted by Jammy_Dodgers
UB is Uncle B.
A poster on this forum who is involved in real estate.
also my flatmate. Tell me what you want/need and ill pass the message on.
Also goes by the name of Pyscho John, MF***** and c*** s****er
A poster on this forum who is involved in real estate.
also my flatmate. Tell me what you want/need and ill pass the message on.
Also goes by the name of Pyscho John, MF***** and c*** s****er
May 12th 2005, 11:02 am
#52
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Villa for sale
Originally Posted by BMW 318i
Thanks I have sent you a private message.
Rgds
JD
May 12th 2005, 11:09 am
#53
BE Enthusiast
Joined: Jan 2005
Location: Dubai
Posts: 888
Re: Villa for sale
Originally Posted by Jammy_Dodgers
UB is Uncle B.
A poster on this forum who is involved in real estate.
also my flatmate. Tell me what you want/need and ill pass the message on.
Also goes by the name of Pyscho John, MF***** and c*** s****er
A poster on this forum who is involved in real estate.
also my flatmate. Tell me what you want/need and ill pass the message on.
Also goes by the name of Pyscho John, MF***** and c*** s****er
May 12th 2005, 11:16 am
#54
BE Enthusiast
Joined: Jan 2005
Location: Dubai
Posts: 888
Re: Villa for sale
Originally Posted by TA5
Kabul is rocking...
BMW318, you really need to get a better understanding of NEGOTIATION. Prices anywhere, especially when it comes to real estate, are NEGOTIABLE. Of course nobody is going to advertise a zero premium property.
One thing that none of you seem to understand, is that the spec investors that bought huge blocks of villas and flats did not pay 'market price' for these units. So when an investor say '15% premium' he is really getting a 30% premium from what he paid for the unit, but 15% over the 'market price' of the unit.
So if you find the right person, he will without much negotiation agree to 'zero' premium, as, most likely, he got a huge discount for buying a large block of units, and will both
1) Make money
2) Get rid of property which is not nearly the investment he thought it would be
BMW318, you really need to get a better understanding of NEGOTIATION. Prices anywhere, especially when it comes to real estate, are NEGOTIABLE. Of course nobody is going to advertise a zero premium property.
One thing that none of you seem to understand, is that the spec investors that bought huge blocks of villas and flats did not pay 'market price' for these units. So when an investor say '15% premium' he is really getting a 30% premium from what he paid for the unit, but 15% over the 'market price' of the unit.
So if you find the right person, he will without much negotiation agree to 'zero' premium, as, most likely, he got a huge discount for buying a large block of units, and will both
1) Make money
2) Get rid of property which is not nearly the investment he thought it would be
As I understand it (and I'm happy to be corrected by anybody who lives there) pretty much all of the Springs, Greens, Green Community, Lakes, Meadows and even Arabian Ranches are sold and occupied. So if all the villas are occupied there is clearly a demand for them- why would they not sell at a premium? I can see how apartments at the Marina might be going for a zero premium or even at a loss, as a large number are still empty but you can't base an oppinion on the whole Dubai property market on one development.
May 12th 2005, 11:19 am
#55
Lost in BE Cyberspace
Joined: May 2005
Posts: 10,461
Re: Villa for sale
Originally Posted by Jammy_Dodgers
Also goes by the name of Pyscho John, MF***** and c*** s****er
No offense here UB.
Afternoon Everyone.
May 12th 2005, 11:19 am
#56
Banned (Always Correct)
Joined: Aug 2004
Posts: 941
Re: Villa for sale
Originally Posted by Border Reiver
Don't fancy Kabul much....
As I understand it (and I'm happy to be corrected by anybody who lives there) pretty much all of the Springs, Greens, Green Community, Lakes, Meadows and even Arabian Ranches are sold and occupied. So if all the villas are occupied there is clearly a demand for them- why would they not sell at a premium? I can see how apartments at the Marina might be going for a zero premium or even at a loss, as a large number are still empty but you can't base an oppinion on the whole Dubai property market on one development.
As I understand it (and I'm happy to be corrected by anybody who lives there) pretty much all of the Springs, Greens, Green Community, Lakes, Meadows and even Arabian Ranches are sold and occupied. So if all the villas are occupied there is clearly a demand for them- why would they not sell at a premium? I can see how apartments at the Marina might be going for a zero premium or even at a loss, as a large number are still empty but you can't base an oppinion on the whole Dubai property market on one development.
and for one, my friend lives in the springs and he is the only occupied house on his street
May 12th 2005, 11:42 am
#57
BE Enthusiast
Joined: Oct 2004
Location: The Lakes, Dubai
Posts: 581
Re: Villa for sale
Originally Posted by TA5
springs, lakes, green comm, lakes and meadows are less than 50% from what i've heard
and for one, my friend lives in the springs and he is the only occupied house on his street
and for one, my friend lives in the springs and he is the only occupied house on his street
May 12th 2005, 12:03 pm
#58
Banned (Always Correct)
Joined: Aug 2004
Posts: 941
Re: Villa for sale
lakes is a rental community, directly from developer, all others are for purchase only, and they are just being held by spec developers.
Although I agree that there is relatively strong rental demand for properties right now, this is in part to the lack of rental properties, most spec investors don't want to put their property in the rental market as it
1) Diminshes the value of the property once it is lived in
2) Makes it difficult to sell
All these investors want to do is flip the property for a quick buck. My point is that there isn't enough buyer demand (nowhere near enough) to support any price increases for at least 5 or 10 years, therefore, at some point there will be massive excess supply to the buyer-side and the sell-side will start to panic, realizing their plan for a quick buck won't come to fruition at all.
Although I agree that there is relatively strong rental demand for properties right now, this is in part to the lack of rental properties, most spec investors don't want to put their property in the rental market as it
1) Diminshes the value of the property once it is lived in
2) Makes it difficult to sell
All these investors want to do is flip the property for a quick buck. My point is that there isn't enough buyer demand (nowhere near enough) to support any price increases for at least 5 or 10 years, therefore, at some point there will be massive excess supply to the buyer-side and the sell-side will start to panic, realizing their plan for a quick buck won't come to fruition at all.
May 12th 2005, 12:13 pm
#59
Guest
Posts: n/a
Re: Villa for sale
Lakes is full. I've tried to get a rental there.
Springs is only empty because most of the places there are barely or unfinished. The earlier phases are pretty full. Plenty of deadly spiders to keep you company as well.
Meadows appears to be in a similar situation although personally I'd expect it to have lower occupancy because it's higher end and therefore costs more.
Your point appears to have changed (on this thread) from one about being able to find 0% premium or even heavily discounted villas, to one about the long term growth viability of the housing market in Dubai - which I don't think many people would disagree with.
Springs is only empty because most of the places there are barely or unfinished. The earlier phases are pretty full. Plenty of deadly spiders to keep you company as well.
Meadows appears to be in a similar situation although personally I'd expect it to have lower occupancy because it's higher end and therefore costs more.
Your point appears to have changed (on this thread) from one about being able to find 0% premium or even heavily discounted villas, to one about the long term growth viability of the housing market in Dubai - which I don't think many people would disagree with.
May 12th 2005, 12:14 pm
#60
Lost in BE Cyberspace
Joined: May 2005
Posts: 10,461
Re: Villa for sale
Originally Posted by TA5
lakes is a rental community, directly from developer, all others are for purchase only, and they are just being held by spec developers.
Although I agree that there is relatively strong rental demand for properties right now, this is in part to the lack of rental properties, most spec investors don't want to put their property in the rental market as it
1) Diminshes the value of the property once it is lived in
2) Makes it difficult to sell
All these investors want to do is flip the property for a quick buck. My point is that there isn't enough buyer demand (nowhere near enough) to support any price increases for at least 5 or 10 years, therefore, at some point there will be massive excess supply to the buyer-side and the sell-side will start to panic, realizing their plan for a quick buck won't come to fruition at all.
Although I agree that there is relatively strong rental demand for properties right now, this is in part to the lack of rental properties, most spec investors don't want to put their property in the rental market as it
1) Diminshes the value of the property once it is lived in
2) Makes it difficult to sell
All these investors want to do is flip the property for a quick buck. My point is that there isn't enough buyer demand (nowhere near enough) to support any price increases for at least 5 or 10 years, therefore, at some point there will be massive excess supply to the buyer-side and the sell-side will start to panic, realizing their plan for a quick buck won't come to fruition at all.
In most cases it is cheaper to rent than to buy for the time being.Better to wait out a couple of years and then when the real value of homes comes to show,you can think of buying at that time.