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Buy to let property

Discussion in 'Dubai property' started by makzan, Jan 3, 2007.

  1. makzan

    makzan New Member

    Hi,

    I am looking to buy a property to let out, probably on a short term basis to tourists (I would like to use it occasionally!).

    The prices seem very cheap for property, do they have good returns?

    How many weeks of the year could I expect to have occupants for?

    Is it likely I would at least break even?

    Any information you can give would be extremely helpful as I am a first-time overseas buyer.

    Ian
     
  2. liwaliwala

    liwaliwala New Member

    free property advise for dubai freehold market

    Hi ,

    I am ready to provide free consultance for dubai free hold market,upcoming project ,rates,location etc..

    Thanks

    Liwaliwala
     
  3. baba toto

    baba toto New Member

    Does anybody know if buying a shop in Jumeirah Village, particularly in JV Triangle is a good investment? :)
     
  4. Stephendxb

    Stephendxb New Member

    location and yields

    For Buy to Let (BTL) property whether long term or short term, one of the most important factors is location...not always price and a good understanding of yields.

    That said I have created some financial calculators to help for just this type of investment. If you send me a private message I will send you the program.

    Happy investing
     
  5. baba toto

    baba toto New Member

    This probably sounds silly, but how do I send a private message? i.e. an e-mail?
     
  6. Stephendxb

    Stephendxb New Member

    sending PM

    If the administrator has enabled the Private Messaging system, registered members may send each other private messages.

    Sending Private Messages

    Private messages work a little like email, but are limited to registered members of this forum. You may be able to include vB Code, smilies and images in private messages that you send.

    You may send a private message to a member of this forum by clicking the 'Send A Private Message' link in the private messaging section of your user control panel, or by clicking the Send Private Message button in a member's posts.

    When you send a message, you have the option to save a copy of the message in your Sent Items folder.
     
  7. baba toto

    baba toto New Member

    I tried that and it won't let me! I don't have sufficient permission to use this feature on the forum as I am a new member.......What next?
     
  8. georgihh

    georgihh New Member

    Buy to let is a very good investment opportunity if you have extra cash.
    You will get profit of 7-8% per year.
    The prices might fall another 10-20%, but will start going up again after the crisis.
    Don’t expect money from reselling the properties just enjoy your rent for couple of years
     
  9. baba toto

    baba toto New Member

    So at what price would you buy a shop in JVT and is there a premium +/- for a shop rather than a residential flat in the same development?
     
  10. georgihh

    georgihh New Member

    I said buy ready property to earn 7-8%.
    Even if the price goes down 10-20 % you can’t lose in couple of years.
    Buying something else could be suicide in the hell
     
  11. baba toto

    baba toto New Member

    I agree. If it was ready today what price would you buy at? :)
     
  12. georgihh

    georgihh New Member

    700-800 per sqft, but if ready.
    If not ready half the price or less.
     
  13. baba toto

    baba toto New Member

    Is that for a shop in G+4 buildng in JVT?
     
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