Where to put my money when i get there?
Sep 17th 2007, 2:22 pm
#1
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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
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
Sep 17th 2007, 2:28 pm
#2
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Joined: Aug 2007
Location: Somewhere Over The Rainbow
Posts: 1,038
Re: 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
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
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
Sep 17th 2007, 2:36 pm
#3
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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
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
may i ask what you do and how long you have been in Dubai for?
Sep 17th 2007, 2:38 pm
#4
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Joined: Sep 2006
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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
MM, xx
Sep 17th 2007, 2:42 pm
#5
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Sep 17th 2007, 2:46 pm
#6
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Re: Where to put my money when i get there?
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....
Sep 17th 2007, 2:48 pm
#7
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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!
Enjoy your wealth and let me know if it goes well!
Sep 17th 2007, 2:50 pm
#8
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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....
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....
and 10 - 25% over priced...
Sep 17th 2007, 2:55 pm
#9
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Location: Kuwait - Sringboard to Djibouti
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he concept of arbitrage is missing I think. Or it is a mistake. Oversubscribed means underpriced.
Sep 17th 2007, 2:56 pm
#10
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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
Sep 17th 2007, 2:59 pm
#11
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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.
Sep 17th 2007, 3:01 pm
#12
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Sep 17th 2007, 3:04 pm
#13
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Re: Where to put my money when i get there?
Sep 17th 2007, 3:16 pm
#14
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