Where to put my money when i get there?
 

Hi all

I have been read your threads or blogs (what ever they are called) for some time now and i want in...

OK THE PLAN

My fianc'ee and I are immigrate to Dubai, i am 25 years old and done well in the UK i am selling both of my businesses and property here in the UK and will be coming to Dubai with £120,000 cash to invest freely in what ever i think is right. And this is the QUESTION what is right? where should i put my money?

If any of you can help me or give me some idea's that would be great (private message welcome)

i would really like to talk to Indie Girl to, has you are on a lot of threads/blogs and seem to know a lot about how things work in Dubai and you have a lot to say about property investing and business so if you could be so kind to get back to me that would be great.

Many thanks

Le pure

Re: Where to put my money when i get there?
 

In a word NO...Speak to IG first, she'll advise you. I recommend you do not sell up in the UK. Always make sure you have a safety net. This place does not take prisoners.

Dubai is full of opportunities, take care with your hard earned dosh. With the right advice you can still make a comfortable living.

Good luck

Re: Where to put my money when i get there?
 

Many thanks but the UK market is on its arse and i will not make any more money on property here not for a long time.

may i ask what you do and how long you have been in Dubai for?

Re: Where to put my money when i get there?
 

god, i wish the uk market was on it's arse where i'm looking to buy...

MM, xx

Re: Where to put my money when i get there?
 

Where are you looking to buy? and what are you looking to buy? and why ?

Re: Where to put my money when i get there?
 

No worries lad.

I've been here for 5 years, I work in risk management, not the type IG does. That's why it's important to speak to her. I see the property market as a bubble. If you had been here 4 -5 years ago then yes, you would have made a killing.
Now, it's just like home. The places coming onto the market are already oversubscribed and command a premium of 10 -25%. Look to the other Emirates Ajman, Ras Al Kaimah. you may still be able to work some magic. Again, I caution you do not give up your safety net in the UK. Keep something....

Re: Where to put my money when i get there?
 

Why not just buy a house and then rent it out. Go to the estate agent and find out the good areas and buy one. Easy. Spend 100k and keep the rest saved and for living on. Very soon you can buy a second property with a loan and some equity and start again. Easy.

Enjoy your wealth and let me know if it goes well!

Re: Where to put my money when i get there?
 

oversubscribed in what do you mean when you say this?

and 10 - 25% over priced...

Re: Where to put my money when i get there?
 

Yes I see what you mean. T:wub:he concept of arbitrage is missing I think. Or it is a mistake. Oversubscribed means underpriced.

Re: Where to put my money when i get there?
 

Not quite, see above. the original asking price is 1 mill by the time it gets to the agents the premium is added. so you end up paying price + premium

Re: Where to put my money when i get there?
 

It is still the price though. The thing you pay to buy. It may be that the agent fee is a cost but it constitutes part of the price.

Re: Where to put my money when i get there?
 

what about buying off plan?

Re: Where to put my money when i get there?
 

i agree agent fee, i would look at that as the price cause that % would get pass on when i sell it.

Re: Where to put my money when i get there?
 

No Way.......

Peeps who bought on the Palm that way have suddenly realised that they have been shafted BIG TIME.... Look and see what you are getting for your money

Re: Where to put my money when i get there?
 

thats if it even gets built!!!