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HSBC were useless too. I got seemingly different information from every department of HSBC in the UK. Some said I could open a simple saving account with HSBC anywhere in the world. Others said for a £100 they would pre-prepare an account ready for when I arrived in Dubai to take up...

I have a place in Lake View, JLT and need to correct some of the inaccurate descriptions of occupancy levels in that area. It seems that all the residential towers quickly filled soon after completion. A number of reasons for this but the main ones I would see are:- preferred general...

recovery The value of the property in Dubai has traditionally combined an element of return on rentals and speculation of what those future rental rates will be. My one experience is that I have just let out my apartment for 15% more than a friend who rented out the exact same...

URGENT To: Occupant (The Legal Owner/Tenant) 5/12/09 From: “The Interim Homeowners Association at Lake View” This letter is to inform you that we are in the process of establishing an Interim Homeowners Association at Lake View, Jumeirah Lake Towers. This association will help manage a...

I agree that it should include the bricks and mortar but since we are dealing with dishonourable developers in control of the maintenance companies and communal budget, should we trust them with something so important? The other area that may need to be considered is third party liability...

I'm not sure the Dubai bashing in the British media was about wishing Dubai to fail rather the opposite. A lot of people want Dubai to succeed but the lack of respect for contracts, no practical recourse to law, some poor quality finishing and general late delivery of properties are not going...

My guess is that Damac have blown their reputation and now need to consolidate as many people into developments that will get built. You may like to try a different approach with RERA and start asking questions about Escrow accounts. Theoretically your money should be sitting in Escrow and...

Think you should expect a long wait but if you can't afford extra instalments on a transfer property you are doing the right thing. It may be worth registering a complaint with RERA on their website stating that your developer is making no effort in starting the development and that they...

They want you to transfer because if they are forced to cancel the project they have to hand the money back. All their sales people have been put on pushing transfers since no-one is actually buying offplan properties and no-one in their right mind would at the prices they are offering for on...

Thanks Financier - I've been trying to ascertain for certain whether the laws were actually effective already. Do you have a date in March? My understanding was that it was up to developers to form the association but that if they failed to do so within 6 months then the owners could. However...

It very much depends on the lifestyle you want to achieve and whether you are single or have a family to support in Dubai. With a family would come all the Schooling costs, larger residence, extra car, medical etc and then the all-in rate will disappear very quickly. As a single you...

Jonwell Anyone who puts an ounce of effort into analysing the Dubai market does realise that it is both related to oil because of the region but not related to its own oil reserves which are rapidly depleting. There is plenty of money in the region due to the oil which attracts business...

Jonwell - again you show your shallowness - not everyone invests for pathetic pieces of printed paper. I was given a zillion dollars today which reminded me of you. Zimbabwean dollars are a great example of the pointless pursuit of zeroes. I invest for inspiration. If I choose to rent out...

Jonwell - what is your purpose in making all your short term gains? If you are doing it to simply add a few extra zeroes to your bank balance when you die then good luck to you. You aren't creating anything or adding any value to this world. If you need the bank balance for some higher...

I'd like to see a balanced program where the magic & excitement that drew investors to Dubai is applauded and the disreputable developers that jumped on the bandwagon just to rip people off are exposed. OK some of the dodgy developers have disappeared leaving half-built towers and empty Escrow...

I would also be interested at that price. There is definitely a bottom to be had and I don't believe in the freefall scenario of the doomsters. Would have bought there 3 years ago had the prices not already been astronomical.

This should be seen as good news as RERA will have to operate openly and achieve best in class status internationally. Controlling the unruly developers on their own doorstep however is absolutely necessary to be taken seriously. It seems they are taking a 'softly softly' approach right now...

Positive! Well I'm quite surprised at the negative reaction. The more I read about the visa for freehold the more I like it. Maybe there is quite a bit of self-interest here as my place is borderline million and those should prove the most popular as if slightly below now then buyers may well...

Figures! I would be highly surprised if someone who commuted to work outside the UAE but resided inside, was not on a salary in excess of 10000 AED. If you consider the likely service charges on a million dirham place in an ex-pat freehold area of Dubai, you would need maybe 2000 dirham...

Gulf News quotes this at Dh 1 million not dollars! That puts a one bed in the Marina above the level. So you won't get a visa if you are only looking to stay in a studio in International City - isn't it reasonable for the Emiratis to consider the type of serious investor or wealthy...