Ideas for flipping?

[defc0nx]

Hello,

I want to know which properties would be good for flipping (short term investment 2-3 months). Mizin remraam seems to be a good bet and some of the "to be completed" apartments in JLT. Any idea which paticular area i should go for? and what percentage of premium should i be targetting.

All input in this regard will be greatly appreciated. Thanks

Regards,
Imran

 

[defc0nx]

Btw! Initial investment budget is between AED 500,000 - 750,000

 

[hsgulati2008]

With the amount of corpus you want to invest, I suggest that you buy 3-4 small units (Studio / 1BR) in different projects to hedge your risk and return:

I recommend the following projects considering your short term flipping requirement where you can expect a return on Investment (ROI) of around 80-100% over the next 6 months:

1. Remraam (Any Phase)
2. Badrah (Phase 2)

Regards

Harry

 

[PropertiesOverseas]

Flipping can be great but make sure you do plenty of research first. I feel the 'prime' time to buy to flip may have passed now but there is still money to be made.